T2 Financial in Michigan vs the state
5.9%Denial rate-12.64 pts vs state
6.5%Decision denial rate-16.06 pts vs state
78.4%Origination rate+18.54 pts vs state
6.75%Median rate0.00 pts vs state
0.57Rate spread (pts)+0.17 pts vs state
$75kMedian applicant income
160Loans originated
12Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 142 | 95 | 9.9% | 6.99% | #226 |
| 2024 | 182 | 142 | 4.4% | 6.99% | #201 |
| 2025 | 204 | 160 | 5.9% | 6.75% | #207 |
What T2 Financial lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Muskegon County | 97 | 76 | 4 | 4.1% |
| Kent County | 30 | 24 | 1 | 3.3% |
| Ottawa County | 21 | 20 | 0 | 0.0% |
| Manistee County | 6 | 4 | 0 | 0.0% |
| Newaygo County | 6 | 5 | 0 | 0.0% |
| Wayne County | 5 | 3 | 1 | 20.0% |
| Montcalm County | 4 | 3 | 0 | 0.0% |
| Allegan County | 4 | 3 | 1 | 25.0% |
| Oceana County | 3 | 2 | 0 | 0.0% |
| Van Buren County | 3 | 2 | 1 | 33.3% |
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: 204 applications in 2025, of which 160 were originated and 12 denied.
5.9% of all applications, or 6.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans T2 Financial originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are T2 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