Inova in Michigan vs the state
18.2%Denial rate-0.34 pts vs state
20.7%Decision denial rate-1.89 pts vs state
63.6%Origination rate+3.75 pts vs state
2.99%Median rate-3.76 pts vs state
-0.15Rate spread (pts)-0.55 pts vs state
$82kMedian applicant income
21Loans originated
6Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 38 | 30 | 10.5% | 4.37% | #357 |
| 2024 | 40 | 29 | 10.0% | 2.99% | #368 |
| 2025 | 33 | 21 | 18.2% | 2.99% | #378 |
What Inova lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Inova applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cass County | 21 | 17 | 4 | 19.0% |
| Berrien County | 4 | 1 | 1 | 25.0% |
| Wayne County | 2 | 0 | 1 | 50.0% |
| St. Joseph County | 2 | 0 | 0 | 0.0% |
| Barry County | 1 | 0 | 0 | 0.0% |
| Van Buren County | 1 | 1 | 0 | 0.0% |
| Ingham County | 1 | 1 | 0 | 0.0% |
| Kalamazoo County | 1 | 1 | 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: 33 applications in 2025, of which 21 were originated and 6 denied.
18.2% of all applications, or 20.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Inova originated in Michigan in 2025 was 2.99%, against a statewide median of 6.75%.
About this data. Figures are Inova'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