Citibank · Michigan · 2025

Citibank in Michigan: approval rate, denial rate and rates (2025)

Citibank took 190 mortgage applications in Michigan in 2025, ranking #216 of 973 lenders active in the state. It originated 26.8% of them and denied 21.6% (43.2% of the applications it decided), against a statewide denial rate of 18.5%.

190Applicationsin MI
43.2%Decision denial ratestate 22.6%
6.00%Median ratestate 6.75%
$105,000Median loanstate $155,000
$41MVolume40 counties

Citibank in Michigan vs the state

21.6%Denial rate+3.06 pts vs state
43.2%Decision denial rate+20.58 pts vs state
26.8%Origination rate-33.05 pts vs state
6.00%Median rate-0.75 pts vs state
-0.14Rate spread (pts)-0.54 pts vs state
$105kMedian applicant income
51Loans originated
41Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023118684.2%5.75%#248
20241444523.6%6.25%#229
20251905121.6%6.00%#216

What Citibank lends in Michigan

By loan purpose

Home purchase 55 29% · 9.1% denied
Refinance 13 7% · 15.4% denied
Cash-out refinance 27 14% · 37.0% denied
Home improvement 41 22% · 31.7% denied
Other / HELOC 54 28% · 20.4% denied

By loan type

Conventional 187 98% · 21.9% denied
FHA 3 2% · 0.0% denied

Why it denied Michigan applicants

Credit history 23 56%
Debt-to-income ratio 9 22%
Collateral 4 10%
Other 4 10%
Unverifiable information 1 2%

Where in Michigan

Counties with the most Citibank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 34510 29.4%
Oakland County 30142 6.7%
Berrien County 1584 26.7%
Macomb County 1312 15.4%
Washtenaw County 1050 0.0%
Genesee County 704 57.1%
Antrim County 640 0.0%
Kent County 621 16.7%
Ottawa County 512 40.0%
Muskegon County 512 40.0%

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: 190 applications in 2025, of which 51 were originated and 41 denied.

21.6% of all applications, or 43.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Citibank originated in Michigan in 2025 was 6.00%, against a statewide median of 6.75%.

About this data. Figures are Citibank'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