Clearedge Lending in Michigan vs the state
35.1%Denial rate+16.62 pts vs state
41.9%Decision denial rate+19.36 pts vs state
48.7%Origination rate-11.24 pts vs state
7.56%Median rate+0.81 pts vs state
1.21Rate spread (pts)+0.81 pts vs state
$183kMedian applicant income
18Loans originated
13Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 42 | 23 | 26.2% | 8.63% | #346 |
| 2024 | 46 | 20 | 41.3% | 7.69% | #356 |
| 2025 | 37 | 18 | 35.1% | 7.56% | #368 |
What Clearedge Lending lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Clearedge Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 11 | 5 | 4 | 36.4% |
| Oakland County | 9 | 6 | 2 | 22.2% |
| Macomb County | 4 | 2 | 1 | 25.0% |
| Washtenaw County | 2 | 0 | 1 | 50.0% |
| St. Clair County | 2 | 1 | 0 | 0.0% |
| Kent County | 2 | 2 | 0 | 0.0% |
| Clare County | 2 | 0 | 2 | 100.0% |
| Grand Traverse County | 2 | 1 | 1 | 50.0% |
| Saginaw County | 1 | 0 | 1 | 100.0% |
| Kalamazoo County | 1 | 0 | 1 | 100.0% |
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: 37 applications in 2025, of which 18 were originated and 13 denied.
35.1% of all applications, or 41.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Clearedge Lending originated in Michigan in 2025 was 7.56%, against a statewide median of 6.75%.
About this data. Figures are Clearedge Lending'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