SmartFi Home Loans · Michigan · 2025

SmartFi Home Loans in Michigan: approval rate, denial rate and rates (2025)

SmartFi Home Loans took 35 mortgage applications in Michigan in 2025, ranking #371 of 973 lenders active in the state. It originated 77.1% of them and denied 17.1% (17.7% of the applications it decided), against a statewide denial rate of 18.5%.

35Applicationsin MI
17.7%Decision denial ratestate 22.6%
8.99%Median ratestate 6.75%
$155,000Median loanstate $155,000
$4.6MVolume21 counties

SmartFi Home Loans in Michigan vs the state

17.1%Denial rate-1.38 pts vs state
17.7%Decision denial rate-4.93 pts vs state
77.1%Origination rate+17.25 pts vs state
8.99%Median rate+2.24 pts vs state
Rate spread (pts)
$30kMedian applicant income
27Loans originated
6Denied

What SmartFi Home Loans lends in Michigan

By loan purpose

Home purchase 1 3% · 0.0% denied
Refinance 24 69% · 20.8% denied
Home improvement 3 9% · 0.0% denied
Other / HELOC 7 20% · 14.3% denied

By loan type

Conventional 24 69% · 8.3% denied
FHA 11 31% · 36.4% denied

Why it denied Michigan applicants

Insufficient cash 2 33%
Collateral 2 33%
Unverifiable information 1 17%
Credit history 1 17%

Where in Michigan

Counties with the most SmartFi Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 532 40.0%
Kent County 321 33.3%
Grand Traverse County 330 0.0%
Oakland County 320 0.0%
Macomb County 220 0.0%
Livingston County 220 0.0%
St. Clair County 220 0.0%
Genesee County 211 50.0%
Charlevoix County 100 0.0%
Sanilac County 110 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: 35 applications in 2025, of which 27 were originated and 6 denied.

17.1% of all applications, or 17.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans SmartFi Home Loans originated in Michigan in 2025 was 8.99%, against a statewide median of 6.75%.

About this data. Figures are SmartFi Home Loans'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