Proper Rate in Michigan vs the state
0.0%Denial rate-18.52 pts vs state
0.0%Decision denial rate-22.58 pts vs state
46.7%Origination rate-13.22 pts vs state
7.25%Median rate+0.50 pts vs state
0.45Rate spread (pts)+0.05 pts vs state
$144kMedian applicant income
7Loans originated
0Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 71 | 44 | 2.8% | 7.13% | #305 |
| 2024 | 63 | 43 | 0.0% | 7.10% | #326 |
| 2025 | 15 | 7 | 0.0% | 7.25% | #475 |
What Proper Rate lends in Michigan
By loan purpose
By loan type
Where in Michigan
Counties with the most Proper Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Berrien County | 10 | 4 | 0 | 0.0% |
| Kent County | 1 | 1 | 0 | 0.0% |
| Oceana County | 1 | 1 | 0 | 0.0% |
| Houghton County | 1 | 0 | 0 | 0.0% |
| Benzie County | 1 | 0 | 0 | 0.0% |
| Wayne County | 1 | 1 | 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: 15 applications in 2025, of which 7 were originated and 0 denied.
0.0% of all applications, or 0.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Proper Rate originated in Michigan in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Proper Rate'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