Dearborn Federal Savings Bank · Michigan · 2025

Dearborn Federal Savings Bank in Michigan: approval rate, denial rate and rates (2025)

Dearborn Federal Savings Bank took 108 mortgage applications in Michigan in 2025, ranking #264 of 973 lenders active in the state. It originated 76.9% of them and denied 9.3% (10.6% of the applications it decided), against a statewide denial rate of 18.5%.

108Applicationsin MI
10.6%Decision denial ratestate 22.6%
6.38%Median ratestate 6.75%
$205,000Median loanstate $155,000
$19MVolume11 counties

Dearborn Federal Savings Bank in Michigan vs the state

9.3%Denial rate-9.26 pts vs state
10.6%Decision denial rate-11.94 pts vs state
76.9%Origination rate+16.96 pts vs state
6.38%Median rate-0.38 pts vs state
-0.15Rate spread (pts)-0.55 pts vs state
$104kMedian applicant income
83Loans originated
10Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231441165.6%6.13%#225
2024107888.4%6.38%#261
2025108839.3%6.38%#264

What Dearborn Federal Savings Bank lends in Michigan

By loan purpose

Home purchase 63 58% · 4.8% denied
Refinance 14 13% · 28.6% denied
Cash-out refinance 15 14% · 6.7% denied
Other / HELOC 16 15% · 12.5% denied

By loan type

Conventional 108 100% · 9.3% denied

Why it denied Michigan applicants

Credit history 7 70%
Debt-to-income ratio 2 20%
Other 1 10%

Where in Michigan

Counties with the most Dearborn Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 68515 7.4%
Oakland County 21174 19.0%
Macomb County 420 0.0%
Jackson County 440 0.0%
Monroe County 330 0.0%
Livingston County 321 33.3%
Washtenaw County 100 0.0%
Lenawee County 110 0.0%
Kent County 110 0.0%
Grand Traverse County 110 0.0%

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: 108 applications in 2025, of which 83 were originated and 10 denied.

9.3% of all applications, or 10.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Dearborn Federal Savings Bank originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Dearborn Federal Savings 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