Homexpress Mortgage · Michigan · 2025

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

Homexpress Mortgage took 201 mortgage applications in Michigan in 2025, ranking #208 of 973 lenders active in the state. It originated 53.7% of them and denied 46.3% (46.3% of the applications it decided), against a statewide denial rate of 18.5%.

201Applicationsin MI
46.3%Decision denial ratestate 22.6%
7.63%Median ratestate 6.75%
$205,000Median loanstate $155,000
$37MVolume42 counties

Homexpress Mortgage in Michigan vs the state

46.3%Denial rate+27.75 pts vs state
46.3%Decision denial rate+23.69 pts vs state
53.7%Origination rate-6.16 pts vs state
7.63%Median rate+0.88 pts vs state
1.47Rate spread (pts)+1.07 pts vs state
$154kMedian applicant income
108Loans originated
93Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023774342.9%9.38%#296
20241256844.8%8.38%#249
202520110846.3%7.63%#208

What Homexpress Mortgage lends in Michigan

By loan purpose

Home purchase 49 24% · 44.9% denied
Refinance 18 9% · 66.7% denied
Cash-out refinance 134 67% · 44.0% denied

By loan type

Conventional 193 96% · 45.1% denied
FHA 7 3% · 71.4% denied
VA 1 0% · 100.0% denied

Why it denied Michigan applicants

Credit history 57 61%
Collateral 20 22%
Debt-to-income ratio 9 10%
Insufficient cash 3 3%
Unverifiable information 3 3%
Employment history 1 1%

Where in Michigan

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 482523 47.9%
Oakland County 301911 36.7%
Macomb County 281711 39.3%
Ingham County 1165 45.5%
Livingston County 743 42.9%
Washtenaw County 633 50.0%
Kent County 532 40.0%
Genesee County 523 60.0%
Monroe County 431 25.0%
Allegan County 440 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: 201 applications in 2025, of which 108 were originated and 93 denied.

46.3% of all applications, or 46.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Homexpress Mortgage originated in Michigan in 2025 was 7.63%, against a statewide median of 6.75%.

About this data. Figures are Homexpress 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