Finance of America Reverse in Michigan vs the state
19.3%Denial rate+0.73 pts vs state
25.0%Decision denial rate+2.42 pts vs state
56.2%Origination rate-3.74 pts vs state
6.38%Median rate-0.38 pts vs state
—Rate spread (pts)
$30kMedian applicant income
105Loans originated
36Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 199 | 128 | 15.6% | 7.75% | #181 |
| 2024 | 189 | 117 | 7.9% | 7.39% | #197 |
| 2025 | 187 | 105 | 19.3% | 6.38% | #221 |
What Finance of America Reverse lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 25 | 15 | 3 | 12.0% |
| Oakland County | 25 | 19 | 4 | 16.0% |
| Macomb County | 12 | 7 | 2 | 16.7% |
| Muskegon County | 7 | 5 | 0 | 0.0% |
| Kent County | 7 | 6 | 0 | 0.0% |
| St. Clair County | 6 | 4 | 1 | 16.7% |
| Lapeer County | 6 | 4 | 0 | 0.0% |
| Washtenaw County | 5 | 3 | 1 | 20.0% |
| Livingston County | 5 | 1 | 4 | 80.0% |
| Berrien County | 5 | 0 | 3 | 60.0% |
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: 187 applications in 2025, of which 105 were originated and 36 denied.
19.3% of all applications, or 25.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Finance of America Reverse originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are Finance of America Reverse'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