Loan Funder in Michigan vs the state
15.6%Denial rate-2.88 pts vs state
28.0%Decision denial rate+5.43 pts vs state
40.2%Origination rate-19.71 pts vs state
8.13%Median rate+1.38 pts vs state
—Rate spread (pts)
—Median applicant income
221Loans originated
86Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 370 | 194 | 6.2% | 10.00% | #133 |
| 2024 | 840 | 314 | 17.6% | 10.99% | #82 |
| 2025 | 550 | 221 | 15.6% | 8.13% | #123 |
What Loan Funder lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 335 | 121 | 67 | 20.0% |
| Oakland County | 59 | 31 | 4 | 6.8% |
| Kent County | 36 | 21 | 1 | 2.8% |
| Macomb County | 20 | 7 | 0 | 0.0% |
| Ingham County | 17 | 7 | 0 | 0.0% |
| Genesee County | 15 | 4 | 3 | 20.0% |
| Muskegon County | 10 | 7 | 0 | 0.0% |
| Kalamazoo County | 5 | 4 | 1 | 20.0% |
| Calhoun County | 4 | 1 | 1 | 25.0% |
| Ottawa County | 4 | 2 | 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: 550 applications in 2025, of which 221 were originated and 86 denied.
15.6% of all applications, or 28.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Loan Funder originated in Michigan in 2025 was 8.13%, against a statewide median of 6.75%.
About this data. Figures are Loan Funder'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