Bank of America in Michigan vs the state
31.9%Denial rate+13.42 pts vs state
42.1%Decision denial rate+19.47 pts vs state
43.4%Origination rate-16.45 pts vs state
5.99%Median rate-0.76 pts vs state
0.84Rate spread (pts)+0.44 pts vs state
$95kMedian applicant income
1,939Loans originated
1,426Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,848 | 1,889 | 46.4% | 6.99% | #12 |
| 2024 | 4,294 | 1,673 | 37.1% | 6.99% | #15 |
| 2025 | 4,464 | 1,939 | 31.9% | 5.99% | #15 |
What Bank of America lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 1,165 | 401 | 501 | 43.0% |
| Oakland County | 1,080 | 536 | 267 | 24.7% |
| Macomb County | 729 | 364 | 186 | 25.5% |
| Washtenaw County | 260 | 137 | 60 | 23.1% |
| Kent County | 201 | 81 | 62 | 30.8% |
| Livingston County | 144 | 71 | 35 | 24.3% |
| Ingham County | 76 | 28 | 32 | 42.1% |
| Genesee County | 66 | 23 | 34 | 51.5% |
| St. Clair County | 55 | 27 | 14 | 25.5% |
| Kalamazoo County | 42 | 18 | 15 | 35.7% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 4,464 applications in 2025, of which 1,939 were originated and 1,426 denied.
31.9% of all applications, or 42.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Bank of America originated in Michigan in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Bank of America's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology