KeyBank in Michigan vs the state
29.9%Denial rate+11.38 pts vs state
33.9%Decision denial rate+11.36 pts vs state
57.9%Origination rate-2.01 pts vs state
6.50%Median rate-0.25 pts vs state
0.31Rate spread (pts)-0.08 pts vs state
$88kMedian applicant income
180Loans originated
93Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 421 | 220 | 27.8% | 7.38% | #121 |
| 2024 | 302 | 167 | 26.8% | 6.88% | #161 |
| 2025 | 311 | 180 | 29.9% | 6.50% | #169 |
What KeyBank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most KeyBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Monroe County | 83 | 59 | 17 | 20.5% |
| Lenawee County | 49 | 26 | 17 | 34.7% |
| Washtenaw County | 44 | 23 | 15 | 34.1% |
| Wayne County | 39 | 16 | 14 | 35.9% |
| Oakland County | 26 | 14 | 9 | 34.6% |
| Livingston County | 11 | 5 | 6 | 54.5% |
| Jackson County | 11 | 6 | 3 | 27.3% |
| Cass County | 7 | 6 | 0 | 0.0% |
| St. Joseph County | 5 | 2 | 2 | 40.0% |
| Berrien County | 4 | 3 | 1 | 25.0% |
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: 311 applications in 2025, of which 180 were originated and 93 denied.
29.9% of all applications, or 33.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans KeyBank originated in Michigan in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are KeyBank'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