Performance Equity Partners in Michigan vs the state
64.4%Denial rate+45.92 pts vs state
75.6%Decision denial rate+53.04 pts vs state
16.6%Origination rate-43.34 pts vs state
13.35%Median rate+6.60 pts vs state
8.38Rate spread (pts)+7.98 pts vs state
$44kMedian applicant income
47Loans originated
183Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 227 | 60 | 50.7% | 13.50% | #167 |
| 2024 | 174 | 43 | 47.7% | 14.00% | #207 |
| 2025 | 284 | 47 | 64.4% | 13.35% | #176 |
What Performance Equity Partners lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
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: 284 applications in 2025, of which 47 were originated and 183 denied.
64.4% of all applications, or 75.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Performance Equity Partners originated in Michigan in 2025 was 13.35%, against a statewide median of 6.75%.
About this data. Figures are Performance Equity Partners'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