Comerica Bank · Michigan · 2025

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

Comerica Bank took 3,064 mortgage applications in Michigan in 2025, ranking #30 of 973 lenders active in the state. It originated 42.0% of them and denied 40.0% (47.3% of the applications it decided), against a statewide denial rate of 18.5%.

3.1kApplicationsin MI
47.3%Decision denial ratestate 22.6%
5.99%Median ratestate 6.75%
$105,000Median loanstate $155,000
$231MVolume56 counties

Comerica Bank in Michigan vs the state

40.0%Denial rate+21.43 pts vs state
47.3%Decision denial rate+24.75 pts vs state
42.0%Origination rate-17.92 pts vs state
5.99%Median rate-0.76 pts vs state
-1.19Rate spread (pts)-1.59 pts vs state
$82kMedian applicant income
1,286Loans originated
1,224Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,7061,58339.8%5.74%#17
20243,1381,23641.4%6.49%#26
20253,0641,28640.0%5.99%#30

What Comerica Bank lends in Michigan

By loan purpose

Home purchase 199 6% · 14.6% denied
Refinance 1,045 34% · 34.7% denied
Cash-out refinance 139 5% · 19.4% denied
Home improvement 908 30% · 47.5% denied
Other / HELOC 773 25% · 48.4% denied

By loan type

Conventional 3,021 99% · 40.1% denied
FHA 30 1% · 36.7% denied
VA 13 0% · 23.1% denied

Why it denied Michigan applicants

Debt-to-income ratio 664 54%
Credit history 277 23%
Other 209 17%
Collateral 55 4%
Incomplete application 16 1%
Unverifiable information 2 0%
Insufficient cash 1 0%

Where in Michigan

Counties with the most Comerica Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 863293415 48.1%
Oakland County 820351308 37.6%
Macomb County 578257239 41.3%
Washtenaw County 1034834 33.0%
Jackson County 894233 37.1%
Kent County 844527 32.1%
Kalamazoo County 823425 30.5%
Livingston County 653820 30.8%
Muskegon County 643221 32.8%
Ingham County 632629 46.0%

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: 3,064 applications in 2025, of which 1,286 were originated and 1,224 denied.

40.0% of all applications, or 47.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Comerica Bank originated in Michigan in 2025 was 5.99%, against a statewide median of 6.75%.

About this data. Figures are Comerica 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