First American Bank · Michigan · 2025

First American Bank in Michigan: approval rate, denial rate and rates (2025)

First American Bank took 16 mortgage applications in Michigan in 2025, ranking #471 of 973 lenders active in the state. It originated 56.3% of them and denied 31.3% (35.7% of the applications it decided), against a statewide denial rate of 18.5%.

16Applicationsin MI
35.7%Decision denial ratestate 22.6%
7.50%Median ratestate 6.75%
$150,000Median loanstate $155,000
$10MVolume7 counties

First American Bank in Michigan vs the state

31.3%Denial rate+12.73 pts vs state
35.7%Decision denial rate+13.13 pts vs state
56.3%Origination rate-3.64 pts vs state
7.50%Median rate+0.75 pts vs state
0.26Rate spread (pts)-0.14 pts vs state
$151kMedian applicant income
9Loans originated
5Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023241416.7%7.94%#399
2024281817.9%8.00%#394
202516931.3%7.50%#471

What First American Bank lends in Michigan

By loan purpose

Home purchase 6 38% · 50.0% denied
Refinance 1 6% · 0.0% denied
Cash-out refinance 1 6% · 0.0% denied
Home improvement 7 44% · 14.3% denied
Other / HELOC 1 6% · 100.0% denied

By loan type

Conventional 16 100% · 31.3% denied

Why it denied Michigan applicants

Debt-to-income ratio 3 60%
Collateral 2 40%

Where in Michigan

Counties with the most First American Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Berrien County 952 22.2%
Cass County 211 50.0%
Lenawee County 110 0.0%
Kent County 110 0.0%
Gogebic County 101 100.0%
Oakland County 101 100.0%
Allegan County 110 0.0%

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: 16 applications in 2025, of which 9 were originated and 5 denied.

31.3% of all applications, or 35.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

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

About this data. Figures are First American 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