New Day Financial in Michigan vs the state
25.4%Denial rate+6.86 pts vs state
52.8%Decision denial rate+30.22 pts vs state
21.5%Origination rate-38.44 pts vs state
6.88%Median rate+0.13 pts vs state
0.74Rate spread (pts)+0.34 pts vs state
$66kMedian applicant income
311Loans originated
368Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,083 | 226 | 26.4% | 7.49% | #66 |
| 2024 | 1,444 | 295 | 27.8% | 7.49% | #56 |
| 2025 | 1,450 | 311 | 25.4% | 6.88% | #57 |
What New Day Financial lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 206 | 37 | 62 | 30.1% |
| Oakland County | 109 | 19 | 24 | 22.0% |
| Macomb County | 97 | 12 | 27 | 27.8% |
| Genesee County | 68 | 13 | 18 | 26.5% |
| Kent County | 58 | 6 | 19 | 32.8% |
| Ingham County | 36 | 12 | 9 | 25.0% |
| Muskegon County | 33 | 8 | 10 | 30.3% |
| Jackson County | 32 | 9 | 8 | 25.0% |
| Livingston County | 30 | 3 | 4 | 13.3% |
| St. Clair County | 30 | 2 | 9 | 30.0% |
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: 1,450 applications in 2025, of which 311 were originated and 368 denied.
25.4% of all applications, or 52.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans New Day Financial originated in Michigan in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are New Day Financial'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