Nqm Funding in Michigan vs the state
12.5%Denial rate-6.02 pts vs state
14.3%Decision denial rate-8.29 pts vs state
75.0%Origination rate+15.11 pts vs state
7.37%Median rate+0.62 pts vs state
1.10Rate spread (pts)+0.71 pts vs state
$140kMedian applicant income
18Loans originated
3Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 3 | 33.3% | 9.25% | #563 |
| 2024 | 11 | 6 | 9.1% | 8.25% | #493 |
| 2025 | 24 | 18 | 12.5% | 7.37% | #413 |
What Nqm Funding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 6 | 5 | 0 | 0.0% |
| Kent County | 5 | 5 | 0 | 0.0% |
| Oakland County | 3 | 3 | 0 | 0.0% |
| Washtenaw County | 2 | 1 | 1 | 50.0% |
| Benzie County | 1 | 0 | 0 | 0.0% |
| Cass County | 1 | 1 | 0 | 0.0% |
| Lapeer County | 1 | 1 | 0 | 0.0% |
| Barry County | 1 | 0 | 1 | 100.0% |
| Manistee County | 1 | 1 | 0 | 0.0% |
| Kalamazoo County | 1 | 1 | 0 | 0.0% |
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: 24 applications in 2025, of which 18 were originated and 3 denied.
12.5% of all applications, or 14.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Nqm Funding originated in Michigan in 2025 was 7.37%, against a statewide median of 6.75%.
About this data. Figures are Nqm 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