Southwest Funding in Michigan vs the state
10.4%Denial rate-8.13 pts vs state
12.9%Decision denial rate-9.68 pts vs state
66.2%Origination rate+6.34 pts vs state
7.13%Median rate+0.38 pts vs state
1.40Rate spread (pts)+1.00 pts vs state
$83kMedian applicant income
51Loans originated
8Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 31 | 20 | 6.5% | 7.25% | #371 |
| 2024 | 89 | 59 | 2.3% | 7.75% | #279 |
| 2025 | 77 | 51 | 10.4% | 7.13% | #303 |
What Southwest Funding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Southwest Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 36 | 19 | 6 | 16.7% |
| Saginaw County | 11 | 9 | 1 | 9.1% |
| Macomb County | 7 | 4 | 1 | 14.3% |
| Oakland County | 5 | 2 | 0 | 0.0% |
| Bay County | 5 | 5 | 0 | 0.0% |
| Genesee County | 4 | 4 | 0 | 0.0% |
| Lapeer County | 3 | 3 | 0 | 0.0% |
| Midland County | 2 | 2 | 0 | 0.0% |
| Huron County | 2 | 2 | 0 | 0.0% |
| Wexford County | 1 | 0 | 0 | 0.0% |
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: 77 applications in 2025, of which 51 were originated and 8 denied.
10.4% of all applications, or 12.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Southwest Funding originated in Michigan in 2025 was 7.13%, against a statewide median of 6.75%.
About this data. Figures are Southwest 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