IncredibleBank in Michigan vs the state
10.2%Denial rate-8.32 pts vs state
12.0%Decision denial rate-10.54 pts vs state
71.1%Origination rate+11.21 pts vs state
6.63%Median rate-0.13 pts vs state
0.27Rate spread (pts)-0.13 pts vs state
$88kMedian applicant income
251Loans originated
36Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 292 | 203 | 12.7% | 6.88% | #152 |
| 2024 | 353 | 245 | 9.9% | 6.88% | #143 |
| 2025 | 353 | 251 | 10.2% | 6.63% | #157 |
What IncredibleBank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most IncredibleBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marquette County | 148 | 111 | 7 | 4.7% |
| Houghton County | 54 | 43 | 6 | 11.1% |
| Gogebic County | 53 | 31 | 10 | 18.9% |
| Dickinson County | 49 | 32 | 7 | 14.3% |
| Keweenaw County | 11 | 7 | 3 | 27.3% |
| Iron County | 8 | 6 | 1 | 12.5% |
| Alger County | 6 | 4 | 0 | 0.0% |
| Delta County | 5 | 3 | 0 | 0.0% |
| Ontonagon County | 4 | 1 | 2 | 50.0% |
| Menominee County | 4 | 4 | 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: 353 applications in 2025, of which 251 were originated and 36 denied.
10.2% of all applications, or 12.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans IncredibleBank originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are IncredibleBank'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