The Federal Savings Bank in Michigan vs the state
8.2%Denial rate-10.28 pts vs state
17.7%Decision denial rate-4.86 pts vs state
37.9%Origination rate-21.95 pts vs state
6.63%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.06 pts vs state
$80kMedian applicant income
129Loans originated
28Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 301 | 91 | 7.0% | 6.50% | #150 |
| 2024 | 294 | 91 | 10.5% | 6.75% | #169 |
| 2025 | 340 | 129 | 8.2% | 6.63% | #161 |
What The Federal Savings Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most The Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 52 | 24 | 1 | 1.9% |
| Oakland County | 33 | 10 | 1 | 3.0% |
| Kent County | 31 | 10 | 4 | 12.9% |
| Macomb County | 15 | 3 | 4 | 26.7% |
| Van Buren County | 11 | 7 | 0 | 0.0% |
| Genesee County | 10 | 1 | 1 | 10.0% |
| Jackson County | 10 | 4 | 0 | 0.0% |
| Muskegon County | 10 | 4 | 0 | 0.0% |
| Ottawa County | 10 | 3 | 2 | 20.0% |
| Berrien County | 9 | 4 | 2 | 22.2% |
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: 340 applications in 2025, of which 129 were originated and 28 denied.
8.2% of all applications, or 17.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans The Federal Savings Bank originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are The Federal Savings 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