Broker Solutions in Michigan vs the state
12.6%Denial rate-5.94 pts vs state
31.9%Decision denial rate+9.32 pts vs state
26.3%Origination rate-33.59 pts vs state
6.88%Median rate+0.13 pts vs state
0.94Rate spread (pts)+0.54 pts vs state
$65kMedian applicant income
809Loans originated
387Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,788 | 570 | 12.6% | 6.88% | #41 |
| 2024 | 2,540 | 768 | 15.4% | 7.00% | #32 |
| 2025 | 3,076 | 809 | 12.6% | 6.88% | #29 |
What Broker Solutions lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Broker Solutions applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 681 | 152 | 102 | 15.0% |
| Oakland County | 290 | 81 | 38 | 13.1% |
| Macomb County | 195 | 44 | 24 | 12.3% |
| Genesee County | 179 | 77 | 16 | 8.9% |
| Kent County | 114 | 26 | 17 | 14.9% |
| Ingham County | 82 | 27 | 7 | 8.5% |
| Jackson County | 67 | 13 | 8 | 11.9% |
| Saginaw County | 67 | 20 | 8 | 11.9% |
| Muskegon County | 66 | 17 | 4 | 6.1% |
| Washtenaw County | 61 | 20 | 5 | 8.2% |
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: 3,076 applications in 2025, of which 809 were originated and 387 denied.
12.6% of all applications, or 31.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Broker Solutions originated in Michigan in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Broker Solutions'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