Equity Resources in Michigan vs the state
11.5%Denial rate-7.06 pts vs state
15.3%Decision denial rate-7.30 pts vs state
63.5%Origination rate+3.65 pts vs state
6.63%Median rate-0.13 pts vs state
0.50Rate spread (pts)+0.10 pts vs state
$84kMedian applicant income
61Loans originated
11Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 70 | 45 | 10.0% | 6.75% | #308 |
| 2024 | 60 | 43 | 6.7% | 6.63% | #329 |
| 2025 | 96 | 61 | 11.5% | 6.63% | #281 |
What Equity Resources lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Equity Resources applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monroe County | 57 | 36 | 5 | 8.8% |
| Wayne County | 9 | 6 | 0 | 0.0% |
| Jackson County | 9 | 6 | 3 | 33.3% |
| Lenawee County | 8 | 4 | 2 | 25.0% |
| Oakland County | 5 | 2 | 0 | 0.0% |
| Hillsdale County | 4 | 4 | 0 | 0.0% |
| Macomb County | 2 | 1 | 1 | 50.0% |
| Roscommon County | 1 | 1 | 0 | 0.0% |
| Clinton County | 1 | 1 | 0 | 0.0% |
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: 96 applications in 2025, of which 61 were originated and 11 denied.
11.5% of all applications, or 15.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Equity Resources originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Equity Resources'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