North American Savings Bank · Michigan · 2025

North American Savings Bank in Michigan: approval rate, denial rate and rates (2025)

North American Savings Bank took 29 mortgage applications in Michigan in 2025, ranking #393 of 973 lenders active in the state. It originated 69.0% of them and denied 6.9% (9.1% of the applications it decided), against a statewide denial rate of 18.5%.

29Applicationsin MI
9.1%Decision denial ratestate 22.6%
6.56%Median ratestate 6.75%
$395,000Median loanstate $155,000
$8.4MVolume15 counties

North American Savings Bank in Michigan vs the state

6.9%Denial rate-11.62 pts vs state
9.1%Decision denial rate-13.49 pts vs state
69.0%Origination rate+9.08 pts vs state
6.56%Median rate-0.19 pts vs state
0.23Rate spread (pts)-0.16 pts vs state
$133kMedian applicant income
20Loans originated
2Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023261426.9%7.56%#395
20241370.0%6.88%#472
202529206.9%6.56%#393

What North American Savings Bank lends in Michigan

By loan purpose

Home purchase 21 72% · 4.8% denied
Refinance 3 10% · 33.3% denied
Cash-out refinance 5 17% · 0.0% denied

By loan type

Conventional 24 83% · 8.3% denied
FHA 2 7% · 0.0% denied
VA 3 10% · 0.0% denied

Why it denied Michigan applicants

Other 1 50%
Debt-to-income ratio 1 50%

Where in Michigan

Counties with the most North American Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 880 0.0%
Jackson County 320 0.0%
Ottawa County 210 0.0%
Washtenaw County 211 50.0%
Berrien County 220 0.0%
Wayne County 211 50.0%
Saginaw County 210 0.0%
Livingston County 100 0.0%
Delta County 100 0.0%
Clinton County 110 0.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 29 applications in 2025, of which 20 were originated and 2 denied.

6.9% of all applications, or 9.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans North American Savings Bank originated in Michigan in 2025 was 6.56%, against a statewide median of 6.75%.

About this data. Figures are North American Savings Bank'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