Nexera Holding in Michigan vs the state
9.5%Denial rate-9.05 pts vs state
16.4%Decision denial rate-6.22 pts vs state
47.9%Origination rate-12.00 pts vs state
7.63%Median rate+0.88 pts vs state
1.42Rate spread (pts)+1.02 pts vs state
$111kMedian applicant income
91Loans originated
18Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 129 | 45 | 10.1% | 8.88% | #238 |
| 2024 | 158 | 70 | 9.5% | 7.88% | #222 |
| 2025 | 190 | 91 | 9.5% | 7.63% | #217 |
What Nexera Holding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Nexera Holding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Macomb County | 52 | 30 | 4 | 7.7% |
| Wayne County | 45 | 21 | 3 | 6.7% |
| Oakland County | 38 | 17 | 1 | 2.6% |
| Washtenaw County | 6 | 2 | 1 | 16.7% |
| Berrien County | 5 | 3 | 1 | 20.0% |
| Kent County | 5 | 2 | 1 | 20.0% |
| Eaton County | 3 | 3 | 0 | 0.0% |
| Monroe County | 3 | 2 | 0 | 0.0% |
| Lapeer County | 3 | 0 | 0 | 0.0% |
| Van Buren County | 2 | 1 | 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: 190 applications in 2025, of which 91 were originated and 18 denied.
9.5% of all applications, or 16.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Nexera Holding originated in Michigan in 2025 was 7.63%, against a statewide median of 6.75%.
About this data. Figures are Nexera Holding'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