Michigan Schools and Government in Michigan vs the state
12.0%Denial rate-6.55 pts vs state
14.6%Decision denial rate-7.96 pts vs state
68.7%Origination rate+8.76 pts vs state
7.24%Median rate+0.49 pts vs state
0.39Rate spread (pts)-0.01 pts vs state
$108kMedian applicant income
2,902Loans originated
506Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,765 | 2,276 | 20.3% | 6.25% | #16 |
| 2024 | 4,347 | 2,955 | 12.8% | 6.99% | #14 |
| 2025 | 4,227 | 2,902 | 12.0% | 7.24% | #19 |
What Michigan Schools and Government lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Michigan Schools and Government applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Macomb County | 1,898 | 1,356 | 225 | 11.9% |
| Oakland County | 1,105 | 776 | 100 | 9.0% |
| Wayne County | 488 | 298 | 77 | 15.8% |
| St. Clair County | 224 | 146 | 29 | 12.9% |
| Lapeer County | 64 | 40 | 8 | 12.5% |
| Washtenaw County | 61 | 39 | 11 | 18.0% |
| Livingston County | 50 | 33 | 5 | 10.0% |
| Genesee County | 46 | 31 | 9 | 19.6% |
| Kent County | 22 | 15 | 1 | 4.5% |
| Ingham County | 19 | 11 | 1 | 5.3% |
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: 4,227 applications in 2025, of which 2,902 were originated and 506 denied.
12.0% of all applications, or 14.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Michigan Schools and Government originated in Michigan in 2025 was 7.24%, against a statewide median of 6.75%.
About this data. Figures are Michigan Schools and Government'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