Commercial Lender in Michigan vs the state
74.7%Denial rate+56.19 pts vs state
78.6%Decision denial rate+55.99 pts vs state
20.4%Origination rate-39.52 pts vs state
11.24%Median rate+4.49 pts vs state
—Rate spread (pts)
—Median applicant income
87Loans originated
319Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 166 | 32 | 24.7% | 10.99% | #203 |
| 2024 | 357 | 127 | 26.9% | 11.49% | #142 |
| 2025 | 427 | 87 | 74.7% | 11.24% | #141 |
What Commercial Lender lends in Michigan
By loan purpose
By loan type
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: 427 applications in 2025, of which 87 were originated and 319 denied.
74.7% of all applications, or 78.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Commercial Lender originated in Michigan in 2025 was 11.24%, against a statewide median of 6.75%.
About this data. Figures are Commercial Lender'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