HomePromise in Michigan vs the state
51.2%Denial rate+32.67 pts vs state
93.5%Decision denial rate+70.90 pts vs state
3.6%Origination rate-56.32 pts vs state
7.25%Median rate+0.50 pts vs state
0.37Rate spread (pts)-0.03 pts vs state
$70kMedian applicant income
3Loans originated
43Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 87 | 1 | 60.9% | 8.13% | #277 |
| 2024 | 75 | 2 | 60.0% | 7.38% | #300 |
| 2025 | 84 | 3 | 51.2% | 7.25% | #290 |
What HomePromise lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most HomePromise applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 17 | 0 | 12 | 70.6% |
| Alpena County | 6 | 1 | 1 | 16.7% |
| Oakland County | 6 | 0 | 3 | 50.0% |
| Ingham County | 5 | 1 | 0 | 0.0% |
| Cheboygan County | 5 | 0 | 3 | 60.0% |
| Muskegon County | 5 | 0 | 1 | 20.0% |
| Berrien County | 4 | 1 | 2 | 50.0% |
| Saginaw County | 3 | 0 | 2 | 66.7% |
| Cass County | 3 | 0 | 1 | 33.3% |
| Branch County | 2 | 0 | 1 | 50.0% |
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: 84 applications in 2025, of which 3 were originated and 43 denied.
51.2% of all applications, or 93.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans HomePromise originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are HomePromise'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