Honor Bank in Michigan vs the state
6.3%Denial rate-12.27 pts vs state
9.1%Decision denial rate-13.49 pts vs state
62.5%Origination rate+2.61 pts vs state
—Median rate
—Rate spread (pts)
$112kMedian applicant income
80Loans originated
8Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 130 | 108 | 12.3% | — | #243 |
| 2025 | 128 | 80 | 6.3% | — | #246 |
What Honor Bank lends in Michigan
By loan purpose
By loan type
Where in Michigan
Counties with the most Honor Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Grand Traverse County | 44 | 29 | 2 | 4.5% |
| Benzie County | 26 | 16 | 1 | 3.8% |
| Leelanau County | 15 | 10 | 0 | 0.0% |
| Manistee County | 13 | 7 | 1 | 7.7% |
| Wexford County | 10 | 5 | 2 | 20.0% |
| Charlevoix County | 5 | 3 | 1 | 20.0% |
| Emmet County | 4 | 3 | 0 | 0.0% |
| Kalkaska County | 3 | 3 | 0 | 0.0% |
| Mason County | 3 | 1 | 1 | 33.3% |
| Antrim County | 1 | 0 | 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: 128 applications in 2025, of which 80 were originated and 8 denied.
6.3% of all applications, or 9.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Honor Bank'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