Bison State Bank · Michigan · 2025

Bison State Bank in Michigan: approval rate, denial rate and rates (2025)

Bison State Bank took 16 mortgage applications in Michigan in 2025, ranking #466 of 973 lenders active in the state. It originated 43.8% of them and denied 6.3% (12.5% of the applications it decided), against a statewide denial rate of 18.5%.

16Applicationsin MI
12.5%Decision denial ratestate 22.6%
6.49%Median ratestate 6.75%
$500,000Median loanstate $155,000
$3.5MVolume9 counties

Bison State Bank in Michigan vs the state

6.3%Denial rate-12.27 pts vs state
12.5%Decision denial rate-10.08 pts vs state
43.8%Origination rate-16.14 pts vs state
6.49%Median rate-0.26 pts vs state
-0.05Rate spread (pts)-0.45 pts vs state
$175kMedian applicant income
7Loans originated
1Denied

What Bison State Bank lends in Michigan

By loan purpose

Home purchase 10 63% · 10.0% denied
Refinance 3 19% · 0.0% denied
Cash-out refinance 3 19% · 0.0% denied

By loan type

Conventional 15 94% · 0.0% denied
FHA 1 6% · 100.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 1 100%

Where in Michigan

Counties with the most Bison State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 430 0.0%
Oakland County 310 0.0%
Macomb County 210 0.0%
Grand Traverse County 210 0.0%
Ottawa County 101 100.0%
Calhoun County 100 0.0%
Washtenaw County 100 0.0%
Kent County 100 0.0%
Leelanau County 110 0.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 16 applications in 2025, of which 7 were originated and 1 denied.

6.3% of all applications, or 12.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Bison State Bank originated in Michigan in 2025 was 6.49%, against a statewide median of 6.75%.

About this data. Figures are Bison State Bank'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