Investor Mortgage Finance in Michigan vs the state
16.7%Denial rate-1.85 pts vs state
20.0%Decision denial rate-2.58 pts vs state
66.7%Origination rate+6.78 pts vs state
7.37%Median rate+0.62 pts vs state
—Rate spread (pts)
—Median applicant income
56Loans originated
14Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 71 | 46 | 12.7% | 7.76% | #310 |
| 2025 | 84 | 56 | 16.7% | 7.37% | #289 |
What Investor Mortgage Finance lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
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: 84 applications in 2025, of which 56 were originated and 14 denied.
16.7% of all applications, or 20.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Investor Mortgage Finance originated in Michigan in 2025 was 7.37%, against a statewide median of 6.75%.
About this data. Figures are Investor Mortgage Finance'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