Primelending, a Plainscapital · Michigan · 2025

Primelending, a Plainscapital in Michigan: approval rate, denial rate and rates (2025)

Primelending, a Plainscapital took 405 mortgage applications in Michigan in 2025, ranking #144 of 973 lenders active in the state. It originated 76.3% of them and denied 4.7% (5.3% of the applications it decided), against a statewide denial rate of 18.5%.

405Applicationsin MI
5.3%Decision denial ratestate 22.6%
6.88%Median ratestate 6.75%
$235,000Median loanstate $155,000
$84MVolume37 counties

Primelending, a Plainscapital in Michigan vs the state

4.7%Denial rate-13.83 pts vs state
5.3%Decision denial rate-17.26 pts vs state
76.3%Origination rate+16.41 pts vs state
6.88%Median rate+0.13 pts vs state
0.48Rate spread (pts)+0.08 pts vs state
$103kMedian applicant income
309Loans originated
19Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235834563.8%6.99%#93
20244282985.6%6.99%#131
20254053094.7%6.88%#144

What Primelending, a Plainscapital lends in Michigan

By loan purpose

Home purchase 309 76% · 3.6% denied
Refinance 32 8% · 9.4% denied
Cash-out refinance 47 12% · 10.6% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 16 4% · 0.0% denied

By loan type

Conventional 353 87% · 4.8% denied
FHA 40 10% · 5.0% denied
VA 10 2% · 0.0% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 11 58%
Incomplete application 3 16%
Credit history 2 11%
Collateral 2 11%
Insufficient cash 1 5%

Where in Michigan

Counties with the most Primelending, a Plainscapital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 23417811 4.7%
Kalamazoo County 46391 2.2%
Macomb County 29194 13.8%
Oakland County 27200 0.0%
Van Buren County 650 0.0%
St. Joseph County 540 0.0%
Washtenaw County 531 20.0%
Muskegon County 520 0.0%
Allegan County 550 0.0%
Kent County 440 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: 405 applications in 2025, of which 309 were originated and 19 denied.

4.7% of all applications, or 5.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Primelending, a Plainscapital originated in Michigan in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Primelending, a Plainscapital'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