Fifth Third Bank · Michigan · 2025

Fifth Third Bank in Michigan: approval rate, denial rate and rates (2025)

Fifth Third Bank took 11,176 mortgage applications in Michigan in 2025, ranking #5 of 973 lenders active in the state. It originated 54.6% of them and denied 26.4% (31.8% of the applications it decided), against a statewide denial rate of 18.5%.

11kApplicationsin MI
31.8%Decision denial ratestate 22.6%
7.50%Median ratestate 6.75%
$105,000Median loanstate $155,000
$964MVolume80 counties

Fifth Third Bank in Michigan vs the state

26.4%Denial rate+7.84 pts vs state
31.8%Decision denial rate+9.17 pts vs state
54.6%Origination rate-5.26 pts vs state
7.50%Median rate+0.75 pts vs state
0.56Rate spread (pts)+0.16 pts vs state
$84kMedian applicant income
6,106Loans originated
2,946Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237,7544,56323.0%7.97%#6
20248,2884,68626.0%8.50%#5
202511,1766,10626.4%7.50%#5

What Fifth Third Bank lends in Michigan

By loan purpose

Home purchase 1,981 18% · 13.9% denied
Refinance 3,179 28% · 19.0% denied
Cash-out refinance 601 5% · 19.1% denied
Home improvement 3,077 28% · 36.4% denied
Other / HELOC 2,338 21% · 35.6% denied

By loan type

Conventional 10,757 96% · 26.6% denied
FHA 334 3% · 20.4% denied
VA 74 1% · 18.9% denied
USDA / RHS 11 0% · 9.1% denied

Why it denied Michigan applicants

Credit history 1,364 46%
Debt-to-income ratio 654 22%
Collateral 310 11%
Other 286 10%
Incomplete application 200 7%
Unverifiable information 91 3%
Employment history 35 1%
Insufficient cash 6 0%

Where in Michigan

Counties with the most Fifth Third Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 1,693992374 22.1%
Wayne County 999383398 39.8%
Ottawa County 892577151 16.9%
Oakland County 799426199 24.9%
Macomb County 649344187 28.8%
Muskegon County 480288121 25.2%
Kalamazoo County 37721196 25.5%
Berrien County 37120687 23.5%
Monroe County 31418786 27.4%
Genesee County 29014894 32.4%

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%
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%
NewrezD 4,95818.5%6.75%

Frequently asked questions

Michigan: 11,176 applications in 2025, of which 6,106 were originated and 2,946 denied.

26.4% of all applications, or 31.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Fifth Third Bank originated in Michigan in 2025 was 7.50%, against a statewide median of 6.75%.

About this data. Figures are Fifth Third 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