PFN Lending Group in Michigan vs the state
6.2%Denial rate-12.33 pts vs state
7.1%Decision denial rate-15.44 pts vs state
80.4%Origination rate+20.52 pts vs state
6.75%Median rate0.00 pts vs state
0.69Rate spread (pts)+0.29 pts vs state
$71kMedian applicant income
78Loans originated
6Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 172 | 116 | 5.2% | 7.00% | #196 |
| 2024 | 113 | 88 | 11.5% | 7.00% | #254 |
| 2025 | 97 | 78 | 6.2% | 6.75% | #278 |
What PFN Lending Group lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most PFN Lending Group applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 37 | 30 | 1 | 2.7% |
| Muskegon County | 6 | 5 | 0 | 0.0% |
| Ottawa County | 5 | 4 | 0 | 0.0% |
| Wayne County | 5 | 2 | 3 | 60.0% |
| Genesee County | 5 | 5 | 0 | 0.0% |
| Van Buren County | 4 | 4 | 0 | 0.0% |
| Oakland County | 4 | 3 | 0 | 0.0% |
| Kalamazoo County | 3 | 2 | 1 | 33.3% |
| Allegan County | 3 | 2 | 0 | 0.0% |
| Jackson County | 3 | 2 | 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: 97 applications in 2025, of which 78 were originated and 6 denied.
6.2% of all applications, or 7.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans PFN Lending Group originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are PFN Lending Group'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