Longbridge Financial · Michigan · 2025

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

Longbridge Financial took 197 mortgage applications in Michigan in 2025, ranking #210 of 973 lenders active in the state. It originated 60.9% of them and denied 15.2% (18.1% of the applications it decided), against a statewide denial rate of 18.5%.

197Applicationsin MI
18.1%Decision denial ratestate 22.6%
6.13%Median ratestate 6.75%
$125,000Median loanstate $155,000
$24MVolume57 counties

Longbridge Financial in Michigan vs the state

15.2%Denial rate-3.29 pts vs state
18.1%Decision denial rate-4.51 pts vs state
60.9%Origination rate+1.02 pts vs state
6.13%Median rate-0.63 pts vs state
Rate spread (pts)
$29kMedian applicant income
120Loans originated
30Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231056610.5%7.57%#262
2024895616.9%6.96%#278
202519712015.2%6.13%#210

What Longbridge Financial lends in Michigan

By loan purpose

Home purchase 1 1% · 100.0% denied
Refinance 134 68% · 14.9% denied
Cash-out refinance 2 1% · 0.0% denied
Home improvement 10 5% · 0.0% denied
Other / HELOC 50 25% · 18.0% denied

By loan type

Conventional 39 20% · 33.3% denied
FHA 158 80% · 10.8% denied

Why it denied Michigan applicants

Other 8 27%
Collateral 7 23%
Insufficient cash 7 23%
Incomplete application 3 10%
Credit history 2 7%
Debt-to-income ratio 2 7%
Unverifiable information 1 3%

Where in Michigan

Counties with the most Longbridge Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 40233 7.5%
Oakland County 27174 14.8%
Macomb County 1482 14.3%
Kent County 960 0.0%
Leelanau County 640 0.0%
Emmet County 550 0.0%
Antrim County 541 20.0%
Genesee County 531 20.0%
Cass County 421 25.0%
Ingham County 431 25.0%

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: 197 applications in 2025, of which 120 were originated and 30 denied.

15.2% of all applications, or 18.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Longbridge Financial originated in Michigan in 2025 was 6.13%, against a statewide median of 6.75%.

About this data. Figures are Longbridge Financial'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