Diversified Members · Michigan · 2025

Diversified Members in Michigan: approval rate, denial rate and rates (2025)

Diversified Members took 189 mortgage applications in Michigan in 2025, ranking #220 of 973 lenders active in the state. It originated 50.8% of them and denied 41.3% (44.8% of the applications it decided), against a statewide denial rate of 18.5%.

189Applicationsin MI
44.8%Decision denial ratestate 22.6%
7.20%Median ratestate 6.75%
$65,000Median loanstate $155,000
$6.8MVolume12 counties

Diversified Members in Michigan vs the state

41.3%Denial rate+22.75 pts vs state
44.8%Decision denial rate+22.25 pts vs state
50.8%Origination rate-9.10 pts vs state
7.20%Median rate+0.45 pts vs state
1.09Rate spread (pts)+0.69 pts vs state
$79kMedian applicant income
96Loans originated
78Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231628540.1%7.20%#205
20242346655.1%6.99%#182
20251899641.3%7.20%#220

What Diversified Members lends in Michigan

By loan purpose

Refinance 2 1% · 50.0% denied
Cash-out refinance 130 69% · 41.5% denied
Home improvement 57 30% · 40.4% denied

By loan type

Conventional 189 100% · 41.3% denied

Why it denied Michigan applicants

Debt-to-income ratio 23 29%
Credit history 21 27%
Other 17 22%
Collateral 11 14%
Unverifiable information 5 6%
Employment history 1 1%

Where in Michigan

Counties with the most Diversified Members applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 1134955 48.7%
Oakland County 372013 35.1%
Macomb County 26215 19.2%
Livingston County 330 0.0%
Washtenaw County 321 33.3%
Jackson County 100 0.0%
Iosco County 101 100.0%
Monroe County 101 100.0%
Genesee County 110 0.0%
Kent County 100 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: 189 applications in 2025, of which 96 were originated and 78 denied.

41.3% of all applications, or 44.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Diversified Members originated in Michigan in 2025 was 7.20%, against a statewide median of 6.75%.

About this data. Figures are Diversified Members'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