The Loan Store in Michigan vs the state
12.0%Denial rate-6.54 pts vs state
13.4%Decision denial rate-9.20 pts vs state
67.2%Origination rate+7.27 pts vs state
6.99%Median rate+0.24 pts vs state
0.59Rate spread (pts)+0.19 pts vs state
$115kMedian applicant income
1,407Loans originated
251Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 331 | 212 | 10.6% | 7.13% | #137 |
| 2024 | 1,281 | 822 | 12.3% | 7.13% | #60 |
| 2025 | 2,095 | 1,407 | 12.0% | 6.99% | #45 |
What The Loan Store lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most The Loan Store applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 520 | 356 | 61 | 11.7% |
| Oakland County | 516 | 361 | 46 | 8.9% |
| Macomb County | 383 | 247 | 58 | 15.1% |
| Washtenaw County | 105 | 70 | 9 | 8.6% |
| Livingston County | 61 | 46 | 4 | 6.6% |
| Kent County | 55 | 36 | 6 | 10.9% |
| Genesee County | 52 | 35 | 6 | 11.5% |
| St. Clair County | 36 | 22 | 4 | 11.1% |
| Kalamazoo County | 35 | 31 | 2 | 5.7% |
| Monroe County | 33 | 22 | 5 | 15.2% |
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: 2,095 applications in 2025, of which 1,407 were originated and 251 denied.
12.0% of all applications, or 13.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans The Loan Store originated in Michigan in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are The Loan Store'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