Flagstar Bank in Michigan vs the state
21.3%Denial rate+2.73 pts vs state
27.3%Decision denial rate+4.75 pts vs state
54.8%Origination rate-5.13 pts vs state
6.63%Median rate-0.13 pts vs state
0.41Rate spread (pts)+0.01 pts vs state
$83kMedian applicant income
2,677Loans originated
1,039Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,304 | 3,682 | 30.0% | 7.13% | #7 |
| 2024 | 6,502 | 3,594 | 23.0% | 6.88% | #7 |
| 2025 | 4,889 | 2,677 | 21.3% | 6.63% | #14 |
What Flagstar Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 1,041 | 561 | 229 | 22.0% |
| Oakland County | 863 | 495 | 142 | 16.5% |
| Macomb County | 681 | 388 | 99 | 14.5% |
| Ingham County | 397 | 200 | 143 | 36.0% |
| Jackson County | 231 | 120 | 65 | 28.1% |
| Eaton County | 133 | 70 | 42 | 31.6% |
| Kent County | 122 | 56 | 39 | 32.0% |
| Genesee County | 122 | 63 | 25 | 20.5% |
| Washtenaw County | 103 | 47 | 27 | 26.2% |
| Livingston County | 100 | 55 | 21 | 21.0% |
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: 4,889 applications in 2025, of which 2,677 were originated and 1,039 denied.
21.3% of all applications, or 27.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Flagstar Bank originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Flagstar 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