Lendingone · Michigan · 2025

Lendingone in Michigan: approval rate, denial rate and rates (2025)

Lendingone took 765 mortgage applications in Michigan in 2025, ranking #97 of 973 lenders active in the state. It originated 11.4% of them and denied 19.0% (62.5% of the applications it decided), against a statewide denial rate of 18.5%.

765Applicationsin MI
62.5%Decision denial ratestate 22.6%
7.21%Median ratestate 6.75%
$115,000Median loanstate $155,000
$20MVolume51 counties

Lendingone in Michigan vs the state

19.0%Denial rate+0.43 pts vs state
62.5%Decision denial rate+39.92 pts vs state
11.4%Origination rate-48.52 pts vs state
7.21%Median rate+0.46 pts vs state
Rate spread (pts)
Median applicant income
87Loans originated
145Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233858563.4%7.73%#130
20243368467.0%7.50%#149
20257658719.0%7.21%#97

What Lendingone lends in Michigan

By loan purpose

Home purchase 397 52% · 15.6% denied
Refinance 65 8% · 26.2% denied
Cash-out refinance 248 32% · 21.4% denied
Home improvement 55 7% · 23.6% denied

By loan type

Conventional 765 100% · 19.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 84 58%
Credit history 24 17%
Collateral 19 13%
Unverifiable information 18 12%

Where in Michigan

Counties with the most Lendingone applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 3324896 28.9%
Oakland County 9569 9.5%
Kent County 59156 10.2%
Macomb County 56010 17.9%
Ingham County 2233 13.6%
Genesee County 1906 31.6%
Washtenaw County 1813 16.7%
Muskegon County 1630 0.0%
St. Clair County 1402 14.3%
Kalamazoo County 1431 7.1%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 765 applications in 2025, of which 87 were originated and 145 denied.

19.0% of all applications, or 62.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Lendingone originated in Michigan in 2025 was 7.21%, against a statewide median of 6.75%.

About this data. Figures are Lendingone'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