Discover Bank in Michigan vs the state
56.0%Denial rate+37.49 pts vs state
81.3%Decision denial rate+58.74 pts vs state
12.4%Origination rate-47.48 pts vs state
8.91%Median rate+2.16 pts vs state
2.26Rate spread (pts)+1.86 pts vs state
$92kMedian applicant income
219Loans originated
988Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,750 | 773 | 46.3% | 9.74% | #10 |
| 2024 | 5,566 | 874 | 51.4% | 8.94% | #9 |
| 2025 | 1,764 | 219 | 56.0% | 8.91% | #50 |
What Discover Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 334 | 26 | 213 | 63.8% |
| Oakland County | 268 | 34 | 136 | 50.7% |
| Macomb County | 167 | 24 | 92 | 55.1% |
| Kent County | 113 | 15 | 66 | 58.4% |
| Genesee County | 71 | 12 | 42 | 59.2% |
| Washtenaw County | 58 | 4 | 35 | 60.3% |
| Livingston County | 54 | 9 | 24 | 44.4% |
| Ottawa County | 40 | 8 | 23 | 57.5% |
| St. Clair County | 38 | 4 | 23 | 60.5% |
| Ingham County | 38 | 7 | 21 | 55.3% |
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: 1,764 applications in 2025, of which 219 were originated and 988 denied.
56.0% of all applications, or 81.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Discover Bank originated in Michigan in 2025 was 8.91%, against a statewide median of 6.75%.
About this data. Figures are Discover 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