Mortgage 1 in Michigan vs the state
2.0%Denial rate-16.55 pts vs state
2.3%Decision denial rate-20.31 pts vs state
80.3%Origination rate+20.43 pts vs state
6.63%Median rate-0.13 pts vs state
0.37Rate spread (pts)-0.03 pts vs state
$86kMedian applicant income
3,342Loans originated
82Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,184 | 3,210 | 3.3% | 6.88% | #14 |
| 2024 | 4,221 | 3,275 | 2.5% | 6.63% | #16 |
| 2025 | 4,161 | 3,342 | 2.0% | 6.63% | #20 |
What Mortgage 1 lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Mortgage 1 applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Macomb County | 818 | 681 | 15 | 1.8% |
| Wayne County | 544 | 404 | 15 | 2.8% |
| Oakland County | 446 | 356 | 7 | 1.6% |
| Muskegon County | 377 | 297 | 9 | 2.4% |
| Kent County | 263 | 226 | 0 | 0.0% |
| Shiawassee County | 157 | 133 | 4 | 2.5% |
| St. Clair County | 150 | 122 | 3 | 2.0% |
| Ottawa County | 137 | 114 | 3 | 2.2% |
| Genesee County | 124 | 102 | 3 | 2.4% |
| Washtenaw County | 82 | 63 | 2 | 2.4% |
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: 4,161 applications in 2025, of which 3,342 were originated and 82 denied.
2.0% of all applications, or 2.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Mortgage 1 originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Mortgage 1'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