Everett Financial · Michigan · 2025

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

Everett Financial took 1,041 mortgage applications in Michigan in 2025, ranking #74 of 973 lenders active in the state. It originated 60.6% of them and denied 6.1% (8.5% of the applications it decided), against a statewide denial rate of 18.5%.

1.0kApplicationsin MI
8.5%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$195,000Median loanstate $155,000
$140MVolume57 counties

Everett Financial in Michigan vs the state

6.1%Denial rate-12.47 pts vs state
8.5%Decision denial rate-14.13 pts vs state
60.6%Origination rate+0.72 pts vs state
6.63%Median rate-0.13 pts vs state
0.70Rate spread (pts)+0.30 pts vs state
$81kMedian applicant income
631Loans originated
63Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,4686044.6%6.88%#48
20241511253.3%6.63%#226
20251,0416316.1%6.63%#74

What Everett Financial lends in Michigan

By loan purpose

Home purchase 826 79% · 5.0% denied
Refinance 99 10% · 3.0% denied
Cash-out refinance 94 9% · 13.8% denied
Home improvement 6 1% · 50.0% denied
Other / HELOC 16 2% · 18.8% denied

By loan type

Conventional 694 67% · 4.6% denied
FHA 307 29% · 9.5% denied
VA 32 3% · 6.3% denied
USDA / RHS 8 1% · 0.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 26 41%
Credit history 20 32%
Collateral 9 14%
Unverifiable information 5 8%
Other 2 3%
Employment history 1 2%

Where in Michigan

Counties with the most Everett Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Clair County 1681224 2.4%
Wayne County 1536018 11.8%
Macomb County 1276915 11.8%
Oakland County 122739 7.4%
Ingham County 77493 3.9%
Genesee County 39192 5.1%
Eaton County 36320 0.0%
Sanilac County 29190 0.0%
Kent County 19151 5.3%
Marquette County 18141 5.6%

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: 1,041 applications in 2025, of which 631 were originated and 63 denied.

6.1% of all applications, or 8.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Everett Financial originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Everett 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