Mortgage lender · Lansing, MI · LEI 5493007L3DI2JM8OHN91

Member Advantage Mortgage review: approval odds, rates and grade (2025)

Member Advantage Mortgage earns a C, in line with the typical performance of small mortgage lenders. It turned down 35.2% of the applications it decided on in 2025, which ranks in the 5th percentile for approval odds. Its median loan was priced 0.07 points below the average prime offer rate, ranking in the 86th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

331Applications2025
22.7%Originatedof applications
35.2%Decision denial ratenational 22.6%
6.13%Median ratenational 6.63%
$28MLoan volume16 states

Member Advantage Mortgage at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

25.4%Denial rate (all applications)+7.40 pts vs national
35.2%Denial rate (decided applications)+12.56 pts vs national
22.7%Origination rate-35.37 pts vs national
24.8%Withdrawn by applicant
3.0%Closed for incompleteness
6.13%Median interest rate-0.50 pts vs national
-0.07Median rate spread (pts over APOR)-0.32 pts vs national
$275,000Median loan amount
$5,512Median total loan costs
$123kMedian applicant income
75%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

5th35.2% denied

Pricingmedian rate spread over APOR, weight 30%

86th-0.07 pts

Processwithdrawn + incomplete share, weight 15%

7th27.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

47th2.00% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233587823.5%35.2%6.63%$20M
202448822216.8%21.0%6.50%$66M
20253317525.4%35.2%6.13%$28M

What Member Advantage Mortgage lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 181 55% · 14.9% denied
Refinance 24 7% · 29.2% denied
Cash-out refinance 63 19% · 27.0% denied
Home improvement 9 3% · 22.2% denied
Other / HELOC 54 16% · 57.4% denied

By loan type

Conventional 301 91% · 25.3% denied
FHA 21 6% · 23.8% denied
VA 9 3% · 33.3% denied

Also: 7 home-equity lines, 0 reverse mortgages, 9 manufactured homes, 25 investment properties.

Why Member Advantage Mortgage denies applications

Primary reason reported for each of the 84 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 41 49%
Credit history 29 35%
Other 7 8%
Insufficient cash 3 4%
Collateral 3 4%
Employment history 1 1%

How these reasons compare nationally →

Who gets approved at Member Advantage Mortgage

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k28271.4%
$50k – $100k1001349.3%
$100k – $150k871930.2%
$150k – $250k903120.0%
Over $250k2296.3%
Applicant ageApplicationsOriginatedDecision denial rate
25–34501129.4%
35–44852626.6%
45–54851438.5%
55–64621348.8%
65–7434837.5%

Where Member Advantage Mortgage lends

16 states and 79 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts1535817.0%6.13%#199
Virginia771323.4%6.00%#316
Maryland28053.6%#376
Louisiana17052.9%#330
Pennsylvania13015.4%#651
District of Columbia8162.5%5.75%#200
North Carolina5040.0%#720

Frequently asked questions

Member Advantage Mortgage denied 35.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 5th percentile of small mortgage lenders.

The most common reason Member Advantage Mortgage gave in 2025 was "debt-to-income ratio", cited on 48.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Member Advantage Mortgage originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.07 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 55% of its applications were for home purchases, 26% for refinancing (including cash-out), and 19% for home improvement or other purposes. By loan type: 91% conventional, 6% FHA, 3% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Member Advantage Mortgage. Data sources · Methodology