Rocket Mortgage · Michigan · 2025

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

Rocket Mortgage took 30,644 mortgage applications in Michigan in 2025, ranking #1 of 973 lenders active in the state. It originated 74.1% of them and denied 16.3% (17.5% of the applications it decided), against a statewide denial rate of 18.5%.

31kApplicationsin MI
17.5%Decision denial ratestate 22.6%
6.75%Median ratestate 6.75%
$175,000Median loanstate $155,000
$4.7BVolume83 counties

Rocket Mortgage in Michigan vs the state

16.3%Denial rate-2.27 pts vs state
17.5%Decision denial rate-5.07 pts vs state
74.1%Origination rate+14.16 pts vs state
6.75%Median rate0.00 pts vs state
0.60Rate spread (pts)+0.20 pts vs state
$86kMedian applicant income
22,693Loans originated
4,979Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
202320,72315,12817.3%6.75%#2
202425,32519,10815.6%6.75%#1
202530,64422,69316.3%6.75%#1

What Rocket Mortgage lends in Michigan

By loan purpose

Home purchase 10,352 34% · 11.5% denied
Refinance 5,465 18% · 16.1% denied
Cash-out refinance 13,435 44% · 18.7% denied
Home improvement 491 2% · 31.6% denied
Other / HELOC 901 3% · 26.9% denied

By loan type

Conventional 22,781 74% · 13.4% denied
FHA 6,030 20% · 27.9% denied
VA 1,833 6% · 13.7% denied

Why it denied Michigan applicants

Collateral 2,130 43%
Debt-to-income ratio 1,044 21%
Incomplete application 878 18%
Credit history 348 7%
Insufficient cash 242 5%
Other 189 4%
Unverifiable information 100 2%
Employment history 48 1%

Where in Michigan

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 6,3734,6861,095 17.2%
Oakland County 4,9953,915610 12.2%
Macomb County 3,3882,572487 14.4%
Genesee County 1,141846192 16.8%
Kent County 1,131839187 16.5%
Washtenaw County 832608131 15.7%
Livingston County 75859984 11.1%
Ingham County 639454102 16.0%
St. Clair County 62246485 13.7%
Monroe County 621462104 16.7%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
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%
NewrezD 4,95818.5%6.75%

Frequently asked questions

Michigan: 30,644 applications in 2025, of which 22,693 were originated and 4,979 denied.

16.3% of all applications, or 17.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

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

About this data. Figures are Rocket 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