Figure Lending in Michigan vs the state
28.1%Denial rate+9.58 pts vs state
29.2%Decision denial rate+6.62 pts vs state
45.0%Origination rate-14.85 pts vs state
8.85%Median rate+2.10 pts vs state
2.48Rate spread (pts)+2.08 pts vs state
$91kMedian applicant income
1,090Loans originated
680Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,703 | 711 | 35.5% | 10.90% | #42 |
| 2024 | 2,359 | 1,119 | 25.1% | 10.80% | #38 |
| 2025 | 2,420 | 1,090 | 28.1% | 8.85% | #42 |
What Figure Lending lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 367 | 133 | 122 | 33.2% |
| Oakland County | 290 | 140 | 78 | 26.9% |
| Macomb County | 188 | 97 | 47 | 25.0% |
| Kent County | 148 | 85 | 33 | 22.3% |
| Genesee County | 89 | 40 | 18 | 20.2% |
| Ottawa County | 84 | 41 | 17 | 20.2% |
| Muskegon County | 69 | 41 | 13 | 18.8% |
| Washtenaw County | 69 | 33 | 16 | 23.2% |
| Ingham County | 68 | 22 | 21 | 30.9% |
| Kalamazoo County | 59 | 33 | 15 | 25.4% |
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: 2,420 applications in 2025, of which 1,090 were originated and 680 denied.
28.1% of all applications, or 29.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Figure Lending originated in Michigan in 2025 was 8.85%, against a statewide median of 6.75%.
About this data. Figures are Figure Lending'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