Nations Lending · Michigan · 2025

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

Nations Lending took 77 mortgage applications in Michigan in 2025, ranking #304 of 973 lenders active in the state. It originated 62.3% of them and denied 22.1% (23.9% of the applications it decided), against a statewide denial rate of 18.5%.

77Applicationsin MI
23.9%Decision denial ratestate 22.6%
6.38%Median ratestate 6.75%
$185,000Median loanstate $155,000
$10MVolume39 counties

Nations Lending in Michigan vs the state

22.1%Denial rate+3.56 pts vs state
23.9%Decision denial rate+1.36 pts vs state
62.3%Origination rate+2.45 pts vs state
6.38%Median rate-0.38 pts vs state
0.39Rate spread (pts)-0.01 pts vs state
$70kMedian applicant income
48Loans originated
17Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231501138.0%6.38%#221
2024653621.5%6.31%#325
2025774822.1%6.38%#304

What Nations Lending lends in Michigan

By loan purpose

Home purchase 18 23% · 11.1% denied
Refinance 16 21% · 18.8% denied
Cash-out refinance 43 56% · 27.9% denied

By loan type

Conventional 31 40% · 19.4% denied
FHA 34 44% · 29.4% denied
VA 12 16% · 8.3% denied

Why it denied Michigan applicants

Credit history 7 41%
Other 4 24%
Collateral 2 12%
Incomplete application 2 12%
Debt-to-income ratio 2 12%

Where in Michigan

Counties with the most Nations Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 952 22.2%
Kent County 532 40.0%
Calhoun County 531 20.0%
Macomb County 531 20.0%
Eaton County 321 33.3%
Clare County 310 0.0%
Jackson County 211 50.0%
Oakland County 211 50.0%
Genesee County 201 50.0%
St. Joseph County 210 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: 77 applications in 2025, of which 48 were originated and 17 denied.

22.1% of all applications, or 23.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Nations Lending originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are Nations Lending'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