Michigan Educational in Michigan vs the state
12.2%Denial rate-6.36 pts vs state
12.2%Decision denial rate-10.35 pts vs state
87.3%Origination rate+27.36 pts vs state
6.75%Median rate0.00 pts vs state
-0.27Rate spread (pts)-0.67 pts vs state
$122kMedian applicant income
445Loans originated
62Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 491 | 421 | 13.4% | 6.50% | #112 |
| 2024 | 387 | 344 | 11.1% | 7.75% | #137 |
| 2025 | 510 | 445 | 12.2% | 6.75% | #126 |
What Michigan Educational lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Michigan Educational applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 195 | 155 | 38 | 19.5% |
| Oakland County | 107 | 99 | 7 | 6.5% |
| Washtenaw County | 82 | 76 | 6 | 7.3% |
| Livingston County | 48 | 45 | 3 | 6.3% |
| Macomb County | 38 | 33 | 5 | 13.2% |
| Genesee County | 5 | 5 | 0 | 0.0% |
| Monroe County | 5 | 4 | 1 | 20.0% |
| Ingham County | 4 | 4 | 0 | 0.0% |
| Lenawee County | 4 | 3 | 1 | 25.0% |
| Emmet County | 3 | 3 | 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: 510 applications in 2025, of which 445 were originated and 62 denied.
12.2% of all applications, or 12.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Michigan Educational originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Michigan Educational'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