Summit Mortgage in Michigan vs the state
4.8%Denial rate-13.76 pts vs state
5.0%Decision denial rate-17.58 pts vs state
90.5%Origination rate+30.59 pts vs state
6.88%Median rate+0.13 pts vs state
0.42Rate spread (pts)+0.02 pts vs state
$85kMedian applicant income
19Loans originated
1Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 19 | 13 | 15.8% | 7.13% | #432 |
| 2024 | 15 | 11 | 0.0% | 7.13% | #454 |
| 2025 | 21 | 19 | 4.8% | 6.88% | #429 |
What Summit Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Summit Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Livingston County | 11 | 9 | 1 | 9.1% |
| Washtenaw County | 2 | 2 | 0 | 0.0% |
| Oakland County | 2 | 2 | 0 | 0.0% |
| Genesee County | 1 | 1 | 0 | 0.0% |
| Berrien County | 1 | 1 | 0 | 0.0% |
| Barry County | 1 | 1 | 0 | 0.0% |
| Shiawassee County | 1 | 1 | 0 | 0.0% |
| Lenawee County | 1 | 1 | 0 | 0.0% |
| Midland County | 1 | 1 | 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: 21 applications in 2025, of which 19 were originated and 1 denied.
4.8% of all applications, or 5.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Summit Mortgage originated in Michigan in 2025 was 6.88%, against a statewide median of 6.75%.
About this data. Figures are Summit Mortgage'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