Planet Home Lending in Michigan vs the state
18.4%Denial rate-0.11 pts vs state
18.8%Decision denial rate-3.75 pts vs state
76.8%Origination rate+16.94 pts vs state
5.99%Median rate-0.76 pts vs state
0.09Rate spread (pts)-0.31 pts vs state
$94kMedian applicant income
242Loans originated
58Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 157 | 97 | 30.6% | 6.63% | #213 |
| 2024 | 256 | 187 | 22.3% | 6.25% | #181 |
| 2025 | 315 | 242 | 18.4% | 5.99% | #167 |
What Planet Home Lending lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 40 | 30 | 8 | 20.0% |
| Oakland County | 28 | 20 | 8 | 28.6% |
| Macomb County | 26 | 22 | 4 | 15.4% |
| Genesee County | 23 | 18 | 5 | 21.7% |
| Kent County | 13 | 10 | 3 | 23.1% |
| Ottawa County | 13 | 10 | 2 | 15.4% |
| Saginaw County | 10 | 9 | 0 | 0.0% |
| Livingston County | 9 | 5 | 3 | 33.3% |
| Muskegon County | 9 | 7 | 2 | 22.2% |
| Washtenaw County | 8 | 5 | 3 | 37.5% |
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: 315 applications in 2025, of which 242 were originated and 58 denied.
18.4% of all applications, or 18.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Planet Home Lending originated in Michigan in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Planet Home Lending'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