Primary Residential Mortgage · Michigan · 2025

Primary Residential Mortgage in Michigan: approval rate, denial rate and rates (2025)

Primary Residential Mortgage took 32 mortgage applications in Michigan in 2025, ranking #380 of 973 lenders active in the state. It originated 62.5% of them and denied 6.3% (9.1% of the applications it decided), against a statewide denial rate of 18.5%.

32Applicationsin MI
9.1%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$185,000Median loanstate $155,000
$4.0MVolume11 counties

Primary Residential Mortgage in Michigan vs the state

6.3%Denial rate-12.27 pts vs state
9.1%Decision denial rate-13.49 pts vs state
62.5%Origination rate+2.61 pts vs state
6.63%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.06 pts vs state
$65kMedian applicant income
20Loans originated
2Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231278.3%6.63%#485
2024970.0%6.63%#514
202532206.3%6.63%#380

What Primary Residential Mortgage lends in Michigan

By loan purpose

Home purchase 29 91% · 3.5% denied
Refinance 2 6% · 0.0% denied
Cash-out refinance 1 3% · 100.0% denied

By loan type

Conventional 21 66% · 0.0% denied
FHA 9 28% · 22.2% denied
VA 2 6% · 0.0% denied

Why it denied Michigan applicants

Insufficient cash 1 50%
Credit history 1 50%

Where in Michigan

Counties with the most Primary Residential Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 15100 0.0%
Oakland County 530 0.0%
Isabella County 220 0.0%
Muskegon County 201 50.0%
Eaton County 210 0.0%
Dickinson County 110 0.0%
Clare County 110 0.0%
Shiawassee County 100 0.0%
Berrien County 101 100.0%
St. Clair County 110 0.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 32 applications in 2025, of which 20 were originated and 2 denied.

6.3% of all applications, or 9.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Primary Residential Mortgage originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Primary Residential 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