Genway Home Mortgage · Michigan · 2025

Genway Home Mortgage in Michigan: approval rate, denial rate and rates (2025)

Genway Home Mortgage took 68 mortgage applications in Michigan in 2025, ranking #319 of 973 lenders active in the state. It originated 33.8% of them and denied 38.2% (53.1% of the applications it decided), against a statewide denial rate of 18.5%.

68Applicationsin MI
53.1%Decision denial ratestate 22.6%
8.13%Median ratestate 6.75%
$125,000Median loanstate $155,000
$3.2MVolume15 counties

Genway Home Mortgage in Michigan vs the state

38.2%Denial rate+19.72 pts vs state
53.1%Decision denial rate+30.48 pts vs state
33.8%Origination rate-26.07 pts vs state
8.13%Median rate+1.38 pts vs state
2.64Rate spread (pts)+2.24 pts vs state
$79kMedian applicant income
23Loans originated
26Denied

What Genway Home Mortgage lends in Michigan

By loan purpose

Home purchase 56 82% · 37.5% denied
Refinance 3 4% · 33.3% denied
Cash-out refinance 9 13% · 44.4% denied

By loan type

Conventional 31 46% · 35.5% denied
FHA 35 51% · 42.9% denied
VA 2 3% · 0.0% denied

Why it denied Michigan applicants

Incomplete application 9 35%
Unverifiable information 7 27%
Credit history 3 12%
Debt-to-income ratio 3 12%
Insufficient cash 3 12%
Collateral 1 4%

Where in Michigan

Counties with the most Genway Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 22512 54.5%
Macomb County 1126 54.5%
Oakland County 851 12.5%
Genesee County 540 0.0%
Muskegon County 440 0.0%
St. Clair County 412 50.0%
Arenac County 201 50.0%
Saginaw County 220 0.0%
Washtenaw County 201 50.0%
Bay County 200 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: 68 applications in 2025, of which 23 were originated and 26 denied.

38.2% of all applications, or 53.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Genway Home Mortgage originated in Michigan in 2025 was 8.13%, against a statewide median of 6.75%.

About this data. Figures are Genway Home Mortgage'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