Consumer Real Estate Finance in Michigan vs the state
29.4%Denial rate+10.89 pts vs state
34.3%Decision denial rate+11.73 pts vs state
55.5%Origination rate-4.43 pts vs state
7.00%Median rate+0.25 pts vs state
1.01Rate spread (pts)+0.61 pts vs state
$59kMedian applicant income
66Loans originated
35Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 120 | 60 | 19.2% | 6.94% | #247 |
| 2024 | 112 | 46 | 28.6% | 7.19% | #255 |
| 2025 | 119 | 66 | 29.4% | 7.00% | #250 |
What Consumer Real Estate Finance lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Consumer Real Estate Finance applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 13 | 9 | 2 | 15.4% |
| Tuscola County | 7 | 5 | 1 | 14.3% |
| Muskegon County | 7 | 1 | 5 | 71.4% |
| Clare County | 7 | 6 | 0 | 0.0% |
| Macomb County | 7 | 3 | 2 | 28.6% |
| Genesee County | 5 | 3 | 2 | 40.0% |
| Oakland County | 4 | 3 | 1 | 25.0% |
| Cass County | 4 | 1 | 2 | 50.0% |
| Gratiot County | 3 | 1 | 1 | 33.3% |
| Washtenaw County | 3 | 0 | 3 | 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: 119 applications in 2025, of which 66 were originated and 35 denied.
29.4% of all applications, or 34.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Consumer Real Estate Finance originated in Michigan in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are Consumer Real Estate Finance'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