Neighborhood Loans in Michigan vs the state
54.2%Denial rate+35.70 pts vs state
93.9%Decision denial rate+71.27 pts vs state
2.0%Origination rate-57.89 pts vs state
8.50%Median rate+1.75 pts vs state
2.64Rate spread (pts)+2.24 pts vs state
$84kMedian applicant income
9Loans originated
244Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,151 | 1,722 | 11.9% | 6.88% | #34 |
| 2024 | 2,161 | 1,727 | 10.6% | 6.88% | #41 |
| 2025 | 450 | 9 | 54.2% | 8.50% | #137 |
What Neighborhood Loans lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Neighborhood Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 100 | 2 | 53 | 53.0% |
| Kalamazoo County | 56 | 0 | 34 | 60.7% |
| Ottawa County | 48 | 0 | 25 | 52.1% |
| Muskegon County | 26 | 3 | 13 | 50.0% |
| Allegan County | 23 | 0 | 9 | 39.1% |
| Calhoun County | 22 | 0 | 8 | 36.4% |
| Ingham County | 17 | 1 | 8 | 47.1% |
| Van Buren County | 14 | 0 | 8 | 57.1% |
| Mecosta County | 13 | 0 | 6 | 46.2% |
| Barry County | 13 | 1 | 7 | 53.8% |
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: 450 applications in 2025, of which 9 were originated and 244 denied.
54.2% of all applications, or 93.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Neighborhood Loans originated in Michigan in 2025 was 8.50%, against a statewide median of 6.75%.
About this data. Figures are Neighborhood Loans'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