Hometown Equity Mortgage in Michigan vs the state
57.7%Denial rate+39.20 pts vs state
60.2%Decision denial rate+37.59 pts vs state
38.2%Origination rate-21.68 pts vs state
7.50%Median rate+0.75 pts vs state
0.98Rate spread (pts)+0.58 pts vs state
$119kMedian applicant income
47Loans originated
71Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 72 | 17 | 47.2% | 7.50% | #302 |
| 2024 | 58 | 23 | 55.2% | 8.25% | #332 |
| 2025 | 123 | 47 | 57.7% | 7.50% | #248 |
What Hometown Equity Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Hometown Equity Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 43 | 14 | 28 | 65.1% |
| Macomb County | 20 | 11 | 8 | 40.0% |
| Oakland County | 20 | 4 | 16 | 80.0% |
| Charlevoix County | 4 | 0 | 3 | 75.0% |
| St. Clair County | 3 | 2 | 1 | 33.3% |
| Monroe County | 3 | 0 | 3 | 100.0% |
| Genesee County | 2 | 1 | 0 | 0.0% |
| Van Buren County | 2 | 1 | 1 | 50.0% |
| Baraga County | 2 | 0 | 2 | 100.0% |
| Lenawee County | 2 | 2 | 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: 123 applications in 2025, of which 47 were originated and 71 denied.
57.7% of all applications, or 60.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Hometown Equity Mortgage originated in Michigan in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are Hometown Equity 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