Nations Direct Mortgage · Michigan · 2025

Nations Direct Mortgage in Michigan: approval rate, denial rate and rates (2025)

Nations Direct Mortgage took 61 mortgage applications in Michigan in 2025, ranking #331 of 973 lenders active in the state. It originated 57.4% of them and denied 11.5% (16.7% of the applications it decided), against a statewide denial rate of 18.5%.

61Applicationsin MI
16.7%Decision denial ratestate 22.6%
6.99%Median ratestate 6.75%
$215,000Median loanstate $155,000
$8.4MVolume17 counties

Nations Direct Mortgage in Michigan vs the state

11.5%Denial rate-7.04 pts vs state
16.7%Decision denial rate-5.91 pts vs state
57.4%Origination rate-2.51 pts vs state
6.99%Median rate+0.24 pts vs state
0.78Rate spread (pts)+0.38 pts vs state
$102kMedian applicant income
35Loans originated
7Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231748718.4%7.25%#194
2024131736.9%7.38%#242
2025613511.5%6.99%#331

What Nations Direct Mortgage lends in Michigan

By loan purpose

Home purchase 38 62% · 15.8% denied
Refinance 6 10% · 0.0% denied
Cash-out refinance 17 28% · 5.9% denied

By loan type

Conventional 37 61% · 10.8% denied
FHA 22 36% · 9.1% denied
VA 2 3% · 50.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 4 57%
Credit history 1 14%
Insufficient cash 1 14%
Incomplete application 1 14%

Where in Michigan

Counties with the most Nations Direct Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Macomb County 24145 20.8%
Wayne County 850 0.0%
Oakland County 510 0.0%
Charlevoix County 320 0.0%
Kent County 320 0.0%
Lenawee County 320 0.0%
Washtenaw County 220 0.0%
Kalamazoo County 220 0.0%
Livingston County 211 50.0%
Allegan County 200 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: 61 applications in 2025, of which 35 were originated and 7 denied.

11.5% of all applications, or 16.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Nations Direct Mortgage originated in Michigan in 2025 was 6.99%, against a statewide median of 6.75%.

About this data. Figures are Nations Direct Mortgage'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