Guaranteed Rate in Michigan vs the state
5.2%Denial rate-13.31 pts vs state
8.2%Decision denial rate-14.37 pts vs state
56.6%Origination rate-3.25 pts vs state
6.63%Median rate-0.13 pts vs state
0.38Rate spread (pts)-0.02 pts vs state
$102kMedian applicant income
1,707Loans originated
157Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,008 | 1,046 | 3.9% | 6.75% | #37 |
| 2024 | 1,785 | 1,075 | 7.5% | 6.65% | #45 |
| 2025 | 3,014 | 1,707 | 5.2% | 6.63% | #33 |
What Guaranteed Rate lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 651 | 371 | 33 | 5.1% |
| Macomb County | 493 | 287 | 36 | 7.3% |
| Oakland County | 474 | 286 | 14 | 3.0% |
| Berrien County | 101 | 55 | 3 | 3.0% |
| Kent County | 99 | 54 | 4 | 4.0% |
| Genesee County | 73 | 36 | 4 | 5.5% |
| St. Clair County | 69 | 38 | 2 | 2.9% |
| Saginaw County | 68 | 43 | 5 | 7.4% |
| Midland County | 66 | 36 | 5 | 7.6% |
| Washtenaw County | 64 | 29 | 1 | 1.6% |
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: 3,014 applications in 2025, of which 1,707 were originated and 157 denied.
5.2% of all applications, or 8.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Guaranteed Rate originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Guaranteed Rate'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