Dfcu Financial · Michigan · 2025

Dfcu Financial in Michigan: approval rate, denial rate and rates (2025)

Dfcu Financial took 4,346 mortgage applications in Michigan in 2025, ranking #18 of 973 lenders active in the state. It originated 68.7% of them and denied 13.3% (14.4% of the applications it decided), against a statewide denial rate of 18.5%.

4.3kApplicationsin MI
14.4%Decision denial ratestate 22.6%
6.25%Median ratestate 6.75%
$105,000Median loanstate $155,000
$513MVolume64 counties

Dfcu Financial in Michigan vs the state

13.3%Denial rate-5.24 pts vs state
14.4%Decision denial rate-8.19 pts vs state
68.7%Origination rate+8.79 pts vs state
6.25%Median rate-0.50 pts vs state
0.10Rate spread (pts)-0.30 pts vs state
$103kMedian applicant income
2,985Loans originated
577Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,3362,11117.9%7.50%#21
20243,9542,53816.4%6.63%#20
20254,3462,98513.3%6.25%#18

What Dfcu Financial lends in Michigan

By loan purpose

Home purchase 886 20% · 1.5% denied
Refinance 540 12% · 12.0% denied
Cash-out refinance 242 6% · 7.0% denied
Home improvement 1,495 34% · 14.6% denied
Other / HELOC 1,183 27% · 22.3% denied

By loan type

Conventional 4,346 100% · 13.3% denied

Why it denied Michigan applicants

Debt-to-income ratio 216 37%
Credit history 204 35%
Other 89 15%
Collateral 57 10%
Employment history 6 1%
Unverifiable information 3 1%
Incomplete application 2 0%

Where in Michigan

Counties with the most Dfcu Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 2,0861,390318 15.2%
Oakland County 80656887 10.8%
Washtenaw County 32823237 11.3%
Kent County 20514323 11.2%
Livingston County 19915114 7.0%
Macomb County 17512126 14.9%
Ingham County 1106020 18.2%
Monroe County 846910 11.9%
Ottawa County 42306 14.3%
Jackson County 29213 10.3%

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: 4,346 applications in 2025, of which 2,985 were originated and 577 denied.

13.3% of all applications, or 14.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Dfcu Financial originated in Michigan in 2025 was 6.25%, against a statewide median of 6.75%.

About this data. Figures are Dfcu Financial'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