Network Capital Funding in Michigan vs the state
16.7%Denial rate-1.85 pts vs state
47.1%Decision denial rate+24.48 pts vs state
18.8%Origination rate-41.14 pts vs state
6.63%Median rate-0.13 pts vs state
0.53Rate spread (pts)+0.13 pts vs state
$96kMedian applicant income
9Loans originated
8Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 248 | 11 | 29.0% | 6.13% | #156 |
| 2024 | 102 | 12 | 12.8% | 6.50% | #267 |
| 2025 | 48 | 9 | 16.7% | 6.63% | #356 |
What Network Capital Funding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Network Capital Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 8 | 0 | 0 | 0.0% |
| Oakland County | 5 | 1 | 2 | 40.0% |
| Macomb County | 5 | 2 | 0 | 0.0% |
| Livingston County | 4 | 1 | 0 | 0.0% |
| Genesee County | 4 | 2 | 0 | 0.0% |
| St. Clair County | 3 | 1 | 0 | 0.0% |
| Lapeer County | 3 | 0 | 2 | 66.7% |
| Sanilac County | 2 | 2 | 0 | 0.0% |
| Ottawa County | 2 | 0 | 0 | 0.0% |
| Hillsdale County | 2 | 0 | 1 | 50.0% |
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: 48 applications in 2025, of which 9 were originated and 8 denied.
16.7% of all applications, or 47.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Network Capital Funding originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Network Capital Funding'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