Raymond James Bank · Michigan · 2025

Raymond James Bank in Michigan: approval rate, denial rate and rates (2025)

Raymond James Bank took 51 mortgage applications in Michigan in 2025, ranking #349 of 973 lenders active in the state. It originated 78.4% of them and denied 2.0% (2.4% of the applications it decided), against a statewide denial rate of 18.5%.

51Applicationsin MI
2.4%Decision denial ratestate 22.6%
5.50%Median ratestate 6.75%
$655,000Median loanstate $155,000
$30MVolume22 counties

Raymond James Bank in Michigan vs the state

2.0%Denial rate-16.56 pts vs state
2.4%Decision denial rate-20.14 pts vs state
78.4%Origination rate+18.54 pts vs state
5.50%Median rate-1.25 pts vs state
-0.46Rate spread (pts)-0.86 pts vs state
$510kMedian applicant income
40Loans originated
1Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
202340325.0%6.13%#354
2024393015.4%6.00%#369
202551402.0%5.50%#349

What Raymond James Bank lends in Michigan

By loan purpose

Home purchase 28 55% · 3.6% denied
Refinance 1 2% · 0.0% denied
Cash-out refinance 4 8% · 0.0% denied
Other / HELOC 18 35% · 0.0% denied

By loan type

Conventional 51 100% · 2.0% denied

Why it denied Michigan applicants

Collateral 1 100%

Where in Michigan

Counties with the most Raymond James Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 15130 0.0%
Kent County 550 0.0%
Grand Traverse County 430 0.0%
Washtenaw County 330 0.0%
Macomb County 220 0.0%
Wayne County 201 50.0%
Livingston County 200 0.0%
Muskegon County 210 0.0%
Antrim County 220 0.0%
Berrien County 210 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: 51 applications in 2025, of which 40 were originated and 1 denied.

2.0% of all applications, or 2.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Raymond James Bank originated in Michigan in 2025 was 5.50%, against a statewide median of 6.75%.

About this data. Figures are Raymond James Bank'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