Staunton Financial · Michigan · 2025

Staunton Financial in Michigan: approval rate, denial rate and rates (2025)

Staunton Financial took 2,833 mortgage applications in Michigan in 2025, ranking #35 of 973 lenders active in the state. It originated 87.3% of them and denied 4.4% (4.8% of the applications it decided), against a statewide denial rate of 18.5%.

2.8kApplicationsin MI
4.8%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$235,000Median loanstate $155,000
$678MVolume66 counties

Staunton Financial in Michigan vs the state

4.4%Denial rate-14.14 pts vs state
4.8%Decision denial rate-17.83 pts vs state
87.3%Origination rate+27.40 pts vs state
6.63%Median rate-0.13 pts vs state
0.31Rate spread (pts)-0.08 pts vs state
$99kMedian applicant income
2,473Loans originated
124Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,0121,7153.8%6.63%#36
20242,3942,1133.6%6.63%#37
20252,8332,4734.4%6.63%#35

What Staunton Financial lends in Michigan

By loan purpose

Home purchase 2,480 88% · 4.4% denied
Refinance 204 7% · 2.0% denied
Cash-out refinance 149 5% · 8.1% denied

By loan type

Conventional 2,257 80% · 3.7% denied
FHA 455 16% · 7.3% denied
VA 113 4% · 5.3% denied
USDA / RHS 8 0% · 12.5% denied

Why it denied Michigan applicants

Debt-to-income ratio 44 35%
Collateral 44 35%
Other 10 8%
Credit history 7 6%
Employment history 7 6%
Unverifiable information 6 5%
Insufficient cash 6 5%

Where in Michigan

Counties with the most Staunton Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 74063231 4.2%
Wayne County 58252026 4.5%
Washtenaw County 2392195 2.1%
Macomb County 2051809 4.4%
Bay County 1701505 2.9%
Livingston County 1251038 6.4%
Saginaw County 104973 2.9%
Midland County 93872 2.2%
Jackson County 76632 2.6%
Genesee County 48452 4.2%

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: 2,833 applications in 2025, of which 2,473 were originated and 124 denied.

4.4% of all applications, or 4.8% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Staunton Financial originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Staunton Financial'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