Newrez in Michigan vs the state
18.5%Denial rate+0.02 pts vs state
34.4%Decision denial rate+11.83 pts vs state
34.8%Origination rate-25.14 pts vs state
6.75%Median rate0.00 pts vs state
0.57Rate spread (pts)+0.17 pts vs state
$81kMedian applicant income
1,723Loans originated
919Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,929 | 1,181 | 17.7% | 6.99% | #26 |
| 2024 | 4,183 | 1,541 | 18.8% | 6.99% | #17 |
| 2025 | 4,958 | 1,723 | 18.5% | 6.75% | #11 |
What Newrez lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 848 | 244 | 199 | 23.5% |
| Oakland County | 707 | 252 | 112 | 15.8% |
| Macomb County | 584 | 191 | 113 | 19.3% |
| Kent County | 278 | 113 | 46 | 16.5% |
| Genesee County | 206 | 65 | 37 | 18.0% |
| Washtenaw County | 159 | 50 | 27 | 17.0% |
| Monroe County | 117 | 48 | 16 | 13.7% |
| Ottawa County | 110 | 44 | 23 | 20.9% |
| Ingham County | 98 | 36 | 17 | 17.3% |
| Jackson County | 91 | 30 | 19 | 20.9% |
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: 4,958 applications in 2025, of which 1,723 were originated and 919 denied.
18.5% of all applications, or 34.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Newrez originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Newrez'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