Loandepot.Com in Michigan vs the state
29.3%Denial rate+10.82 pts vs state
35.5%Decision denial rate+12.88 pts vs state
51.9%Origination rate-8.02 pts vs state
6.99%Median rate+0.24 pts vs state
0.93Rate spread (pts)+0.54 pts vs state
$66kMedian applicant income
1,515Loans originated
857Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,559 | 740 | 33.5% | 6.63% | #45 |
| 2024 | 2,483 | 1,162 | 34.2% | 6.99% | #34 |
| 2025 | 2,921 | 1,515 | 29.3% | 6.99% | #34 |
What Loandepot.Com lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Loandepot.Com applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 556 | 259 | 195 | 35.1% |
| Oakland County | 349 | 196 | 79 | 22.6% |
| Macomb County | 260 | 151 | 58 | 22.3% |
| Kent County | 116 | 57 | 31 | 26.7% |
| Genesee County | 113 | 62 | 29 | 25.7% |
| Berrien County | 90 | 48 | 27 | 30.0% |
| Monroe County | 65 | 43 | 9 | 13.8% |
| Muskegon County | 65 | 38 | 18 | 27.7% |
| Washtenaw County | 61 | 33 | 18 | 29.5% |
| Calhoun County | 57 | 29 | 21 | 36.8% |
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: 2,921 applications in 2025, of which 1,515 were originated and 857 denied.
29.3% of all applications, or 35.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Loandepot.Com originated in Michigan in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Loandepot.Com'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