PHH Mortgage in Michigan vs the state
7.4%Denial rate-11.08 pts vs state
16.0%Decision denial rate-6.56 pts vs state
38.5%Origination rate-21.41 pts vs state
6.50%Median rate-0.25 pts vs state
0.53Rate spread (pts)+0.13 pts vs state
$72kMedian applicant income
212Loans originated
41Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 246 | 95 | 26.8% | 6.88% | #157 |
| 2024 | 361 | 114 | 13.0% | 6.63% | #141 |
| 2025 | 551 | 212 | 7.4% | 6.50% | #122 |
What PHH Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most PHH Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 73 | 24 | 3 | 4.1% |
| Wayne County | 60 | 16 | 9 | 15.0% |
| Macomb County | 48 | 14 | 1 | 2.1% |
| Kent County | 44 | 14 | 4 | 9.1% |
| Genesee County | 40 | 16 | 5 | 12.5% |
| Livingston County | 18 | 11 | 1 | 5.6% |
| Washtenaw County | 15 | 4 | 0 | 0.0% |
| Monroe County | 14 | 8 | 1 | 7.1% |
| Eaton County | 14 | 7 | 0 | 0.0% |
| Saginaw County | 13 | 4 | 1 | 7.7% |
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: 551 applications in 2025, of which 212 were originated and 41 denied.
7.4% of all applications, or 16.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans PHH Mortgage originated in Michigan in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are PHH Mortgage'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