The Dart Bank · Michigan · 2025

The Dart Bank in Michigan: approval rate, denial rate and rates (2025)

The Dart Bank took 3,524 mortgage applications in Michigan in 2025, ranking #23 of 973 lenders active in the state. It originated 73.8% of them and denied 6.4% (7.9% of the applications it decided), against a statewide denial rate of 18.5%.

3.5kApplicationsin MI
7.9%Decision denial ratestate 22.6%
6.75%Median ratestate 6.75%
$245,000Median loanstate $155,000
$747MVolume71 counties

The Dart Bank in Michigan vs the state

6.4%Denial rate-12.14 pts vs state
7.9%Decision denial rate-14.72 pts vs state
73.8%Origination rate+13.89 pts vs state
6.75%Median rate0.00 pts vs state
0.29Rate spread (pts)-0.11 pts vs state
$122kMedian applicant income
2,600Loans originated
225Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,1941,6564.7%6.88%#33
20242,7692,0784.8%6.75%#29
20253,5242,6006.4%6.75%#23

What The Dart Bank lends in Michigan

By loan purpose

Home purchase 2,545 72% · 3.9% denied
Refinance 329 9% · 11.3% denied
Cash-out refinance 161 5% · 18.0% denied
Home improvement 269 8% · 10.0% denied
Other / HELOC 220 6% · 15.0% denied

By loan type

Conventional 3,231 92% · 5.7% denied
FHA 231 7% · 16.0% denied
VA 52 1% · 3.9% denied
USDA / RHS 10 0% · 20.0% denied

Why it denied Michigan applicants

Credit history 79 35%
Debt-to-income ratio 77 34%
Other 29 13%
Collateral 15 7%
Employment history 10 4%
Incomplete application 5 2%
Unverifiable information 5 2%
Insufficient cash 5 2%

Where in Michigan

Counties with the most The Dart Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Ingham County 75754553 7.0%
Clinton County 28621722 7.7%
Eaton County 26719619 7.1%
Jackson County 2241756 2.7%
Kent County 17712412 6.8%
Washtenaw County 1531165 3.3%
Oakland County 1511245 3.3%
Livingston County 1481222 1.4%
Ottawa County 1471078 5.4%
Genesee County 123827 5.7%

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: 3,524 applications in 2025, of which 2,600 were originated and 225 denied.

6.4% of all applications, or 7.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans The Dart Bank originated in Michigan in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are The Dart Bank'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