First Independence Bank in Michigan vs the state
8.6%Denial rate-9.97 pts vs state
12.7%Decision denial rate-9.92 pts vs state
59.0%Origination rate-0.92 pts vs state
—Median rate
—Rate spread (pts)
$136kMedian applicant income
69Loans originated
10Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 159 | 88 | 9.4% | — | #210 |
| 2024 | 126 | 75 | 10.3% | — | #247 |
| 2025 | 117 | 69 | 8.6% | — | #255 |
What First Independence Bank lends in Michigan
By loan purpose
By loan type
Where in Michigan
Counties with the most First Independence Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 56 | 38 | 0 | 0.0% |
| Wayne County | 27 | 11 | 7 | 25.9% |
| Macomb County | 10 | 9 | 1 | 10.0% |
| Washtenaw County | 9 | 2 | 0 | 0.0% |
| Kent County | 2 | 0 | 1 | 50.0% |
| Allegan County | 2 | 2 | 0 | 0.0% |
| Midland County | 2 | 2 | 0 | 0.0% |
| Monroe County | 1 | 0 | 0 | 0.0% |
| Ingham County | 1 | 0 | 0 | 0.0% |
| Clinton County | 1 | 1 | 0 | 0.0% |
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: 117 applications in 2025, of which 69 were originated and 10 denied.
8.6% of all applications, or 12.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are First Independence 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