SouthState Bank · Michigan · 2025

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

SouthState Bank took 6 mortgage applications in Michigan in 2025, ranking #575 of 973 lenders active in the state. It originated 66.7% of them and denied 16.7% (20.0% of the applications it decided), against a statewide denial rate of 18.5%.

6Applicationsin MI
20.0%Decision denial ratestate 22.6%
6.48%Median ratestate 6.75%
$360,000Median loanstate $155,000
$2.0MVolume5 counties

SouthState Bank in Michigan vs the state

16.7%Denial rate-1.85 pts vs state
20.0%Decision denial rate-2.58 pts vs state
66.7%Origination rate+6.78 pts vs state
6.48%Median rate-0.28 pts vs state
0.31Rate spread (pts)-0.09 pts vs state
$125kMedian applicant income
4Loans originated
1Denied

What SouthState Bank lends in Michigan

By loan purpose

Home purchase 5 83% · 0.0% denied
Home improvement 1 17% · 100.0% denied

By loan type

Conventional 4 67% · 25.0% denied
FHA 2 33% · 0.0% denied

Why it denied Michigan applicants

Other 1 100%

Where in Michigan

Counties with the most SouthState Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 201 50.0%
Kent County 110 0.0%
Washtenaw County 110 0.0%
Grand Traverse County 110 0.0%
Kalamazoo 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: 6 applications in 2025, of which 4 were originated and 1 denied.

16.7% of all applications, or 20.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans SouthState Bank originated in Michigan in 2025 was 6.48%, against a statewide median of 6.75%.

About this data. Figures are SouthState 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