Lower in Michigan vs the state
11.1%Denial rate-7.47 pts vs state
20.5%Decision denial rate-2.08 pts vs state
41.5%Origination rate-18.38 pts vs state
6.75%Median rate0.00 pts vs state
0.52Rate spread (pts)+0.12 pts vs state
$100kMedian applicant income
154Loans originated
41Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 217 | 116 | 16.6% | 7.13% | #169 |
| 2024 | 321 | 151 | 15.0% | 6.99% | #155 |
| 2025 | 371 | 154 | 11.1% | 6.75% | #152 |
What Lower lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 63 | 25 | 9 | 14.3% |
| Macomb County | 60 | 26 | 6 | 10.0% |
| Oakland County | 48 | 21 | 6 | 12.5% |
| Kent County | 19 | 12 | 2 | 10.5% |
| Genesee County | 18 | 8 | 0 | 0.0% |
| Kalamazoo County | 13 | 5 | 1 | 7.7% |
| Berrien County | 12 | 6 | 1 | 8.3% |
| Livingston County | 10 | 4 | 0 | 0.0% |
| Ottawa County | 10 | 3 | 1 | 10.0% |
| Ingham County | 9 | 4 | 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: 371 applications in 2025, of which 154 were originated and 41 denied.
11.1% of all applications, or 20.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Lower originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Lower'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