Southwest Stage Funding in Michigan vs the state
37.5%Denial rate+18.98 pts vs state
69.2%Decision denial rate+46.65 pts vs state
12.5%Origination rate-47.39 pts vs state
8.55%Median rate+1.80 pts vs state
2.18Rate spread (pts)+1.78 pts vs state
$63kMedian applicant income
3Loans originated
9Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 13 | 7 | 38.5% | 11.28% | #472 |
| 2024 | 6 | 3 | 16.7% | 10.70% | #566 |
| 2025 | 24 | 3 | 37.5% | 8.55% | #417 |
What Southwest Stage Funding lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Southwest Stage Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 5 | 0 | 2 | 40.0% |
| Eaton County | 3 | 1 | 1 | 33.3% |
| Ottawa County | 2 | 1 | 1 | 50.0% |
| Allegan County | 2 | 1 | 0 | 0.0% |
| Ingham County | 2 | 0 | 2 | 100.0% |
| Muskegon County | 2 | 0 | 0 | 0.0% |
| Kalamazoo County | 1 | 0 | 1 | 100.0% |
| Calhoun County | 1 | 0 | 0 | 0.0% |
| Lenawee County | 1 | 0 | 0 | 0.0% |
| Gladwin 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: 24 applications in 2025, of which 3 were originated and 9 denied.
37.5% of all applications, or 69.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Southwest Stage Funding originated in Michigan in 2025 was 8.55%, against a statewide median of 6.75%.
About this data. Figures are Southwest Stage 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