Lima One Capital in Michigan vs the state
48.3%Denial rate+29.79 pts vs state
58.1%Decision denial rate+35.53 pts vs state
34.8%Origination rate-25.06 pts vs state
8.25%Median rate+1.50 pts vs state
—Rate spread (pts)
—Median applicant income
31Loans originated
43Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 154 | 154 | 0.0% | 9.90% | #215 |
| 2024 | 267 | 154 | 27.3% | 8.45% | #178 |
| 2025 | 89 | 31 | 48.3% | 8.25% | #285 |
What Lima One Capital lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Lima One Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 47 | 17 | 23 | 48.9% |
| Genesee County | 7 | 3 | 3 | 42.9% |
| Oakland County | 7 | 3 | 1 | 14.3% |
| Emmet County | 6 | 0 | 6 | 100.0% |
| Kent County | 4 | 1 | 2 | 50.0% |
| Kalamazoo County | 3 | 2 | 1 | 33.3% |
| Calhoun County | 2 | 1 | 0 | 0.0% |
| Macomb County | 2 | 1 | 0 | 0.0% |
| Washtenaw County | 2 | 0 | 2 | 100.0% |
| Berrien County | 2 | 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: 89 applications in 2025, of which 31 were originated and 43 denied.
48.3% of all applications, or 58.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Lima One Capital originated in Michigan in 2025 was 8.25%, against a statewide median of 6.75%.
About this data. Figures are Lima One Capital'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