Silver Hill Funding in Michigan vs the state
26.7%Denial rate+8.15 pts vs state
80.0%Decision denial rate+57.42 pts vs state
6.7%Origination rate-53.22 pts vs state
8.38%Median rate+1.63 pts vs state
—Rate spread (pts)
—Median applicant income
1Loans originated
4Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 16 | 6 | 12.5% | 8.06% | #452 |
| 2024 | 10 | 1 | 10.0% | 7.75% | #503 |
| 2025 | 15 | 1 | 26.7% | 8.38% | #478 |
What Silver Hill Funding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
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 1 were originated and 4 denied.
26.7% of all applications, or 80.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Silver Hill Funding originated in Michigan in 2025 was 8.38%, against a statewide median of 6.75%.
About this data. Figures are Silver Hill Funding'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