Canopy Mortgage in Michigan vs the state
1.0%Denial rate-17.48 pts vs state
1.5%Decision denial rate-21.09 pts vs state
68.2%Origination rate+8.34 pts vs state
6.50%Median rate-0.25 pts vs state
0.13Rate spread (pts)-0.27 pts vs state
$88kMedian applicant income
131Loans originated
2Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 16 | 9 | 0.0% | 7.63% | #455 |
| 2024 | 85 | 45 | 2.4% | 6.99% | #284 |
| 2025 | 192 | 131 | 1.0% | 6.50% | #215 |
What Canopy Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 67 | 54 | 0 | 0.0% |
| Ottawa County | 41 | 26 | 0 | 0.0% |
| Oakland County | 12 | 3 | 0 | 0.0% |
| Montcalm County | 11 | 9 | 0 | 0.0% |
| Allegan County | 11 | 7 | 0 | 0.0% |
| Muskegon County | 7 | 4 | 0 | 0.0% |
| St. Clair County | 5 | 3 | 1 | 20.0% |
| Macomb County | 5 | 4 | 0 | 0.0% |
| Ionia County | 4 | 2 | 0 | 0.0% |
| Genesee County | 3 | 0 | 0 | 0.0% |
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: 192 applications in 2025, of which 131 were originated and 2 denied.
1.0% of all applications, or 1.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Canopy Mortgage originated in Michigan in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Canopy Mortgage'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