Mortgageone · Michigan · 2025

Mortgageone in Michigan: approval rate, denial rate and rates (2025)

Mortgageone took 18 mortgage applications in Michigan in 2025, ranking #451 of 973 lenders active in the state. It originated 44.4% of them and denied 5.6% (11.1% of the applications it decided), against a statewide denial rate of 18.5%.

18Applicationsin MI
11.1%Decision denial ratestate 22.6%
7.25%Median ratestate 6.75%
$275,000Median loanstate $155,000
$2.1MVolume8 counties

Mortgageone in Michigan vs the state

5.6%Denial rate-12.96 pts vs state
11.1%Decision denial rate-11.47 pts vs state
44.4%Origination rate-15.45 pts vs state
7.25%Median rate+0.50 pts vs state
0.80Rate spread (pts)+0.40 pts vs state
$75kMedian applicant income
8Loans originated
1Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023980.0%7.63%#521
2024620.0%7.13%#567
20251885.6%7.25%#451

What Mortgageone lends in Michigan

By loan purpose

Home purchase 15 83% · 6.7% denied
Cash-out refinance 3 17% · 0.0% denied

By loan type

Conventional 1 6% · 0.0% denied
FHA 6 33% · 16.7% denied
VA 11 61% · 0.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 1 100%

Where in Michigan

Counties with the most Mortgageone applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 511 20.0%
Lenawee County 330 0.0%
Dickinson County 310 0.0%
Roscommon County 200 0.0%
Monroe County 220 0.0%
Saginaw County 110 0.0%
Livingston County 100 0.0%
Sanilac County 100 0.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 18 applications in 2025, of which 8 were originated and 1 denied.

5.6% of all applications, or 11.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Mortgageone originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Mortgageone'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