M/i Financial in Michigan vs the state
2.1%Denial rate-16.46 pts vs state
2.1%Decision denial rate-20.46 pts vs state
76.1%Origination rate+16.24 pts vs state
5.88%Median rate-0.88 pts vs state
-0.83Rate spread (pts)-1.23 pts vs state
$137kMedian applicant income
185Loans originated
5Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 243 | 165 | 1.2% | 6.25% | #161 |
| 2024 | 299 | 182 | 2.3% | 6.25% | #163 |
| 2025 | 243 | 185 | 2.1% | 5.88% | #191 |
What M/i Financial lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most M/i Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washtenaw County | 82 | 63 | 1 | 1.2% |
| Macomb County | 60 | 48 | 1 | 1.7% |
| Wayne County | 44 | 31 | 3 | 6.8% |
| Oakland County | 43 | 32 | 0 | 0.0% |
| Genesee County | 14 | 11 | 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: 243 applications in 2025, of which 185 were originated and 5 denied.
2.1% of all applications, or 2.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans M/i Financial originated in Michigan in 2025 was 5.88%, against a statewide median of 6.75%.
About this data. Figures are M/i 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