Prosperity Home Mortgage · Michigan · 2025

Prosperity Home Mortgage in Michigan: approval rate, denial rate and rates (2025)

Prosperity Home Mortgage took 506 mortgage applications in Michigan in 2025, ranking #127 of 973 lenders active in the state. It originated 70.8% of them and denied 11.3% (13.7% of the applications it decided), against a statewide denial rate of 18.5%.

506Applicationsin MI
13.7%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$195,000Median loanstate $155,000
$81MVolume47 counties

Prosperity Home Mortgage in Michigan vs the state

11.3%Denial rate-7.26 pts vs state
13.7%Decision denial rate-8.91 pts vs state
70.8%Origination rate+10.86 pts vs state
6.63%Median rate-0.13 pts vs state
0.40Rate spread (pts)+0.01 pts vs state
$77kMedian applicant income
358Loans originated
57Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
202320112119.4%6.88%#179
202432821114.0%6.63%#154
202550635811.3%6.63%#127

What Prosperity Home Mortgage lends in Michigan

By loan purpose

Home purchase 376 74% · 5.3% denied
Refinance 55 11% · 16.4% denied
Cash-out refinance 67 13% · 37.3% denied
Other / HELOC 8 2% · 37.5% denied

By loan type

Conventional 294 58% · 6.8% denied
FHA 161 32% · 18.0% denied
VA 47 9% · 17.0% denied
USDA / RHS 4 1% · 0.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 21 37%
Collateral 20 35%
Credit history 11 19%
Other 4 7%
Insufficient cash 1 2%

Where in Michigan

Counties with the most Prosperity Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Joseph County 91696 6.6%
Genesee County 63457 11.1%
Oakland County 46346 13.0%
Kalamazoo County 37284 10.8%
Calhoun County 32230 0.0%
Kent County 24191 4.2%
Ingham County 19141 5.3%
Macomb County 19125 26.3%
Saginaw County 18141 5.6%
Wayne County 1765 29.4%

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: 506 applications in 2025, of which 358 were originated and 57 denied.

11.3% of all applications, or 13.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

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

About this data. Figures are Prosperity Home 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