The Mortgage Link · Michigan · 2025

The Mortgage Link in Michigan: approval rate, denial rate and rates (2025)

The Mortgage Link took 786 mortgage applications in Michigan in 2025, ranking #92 of 973 lenders active in the state. It originated 82.6% of them and denied 1.0% (1.2% of the applications it decided), against a statewide denial rate of 18.5%.

786Applicationsin MI
1.2%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$205,000Median loanstate $155,000
$149MVolume33 counties

The Mortgage Link in Michigan vs the state

1.0%Denial rate-17.50 pts vs state
1.2%Decision denial rate-21.43 pts vs state
82.6%Origination rate+22.68 pts vs state
6.63%Median rate-0.13 pts vs state
0.59Rate spread (pts)+0.19 pts vs state
$82kMedian applicant income
649Loans originated
8Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231831363.3%7.38%#187
20247045371.9%6.63%#90
20257866491.0%6.63%#92

What The Mortgage Link lends in Michigan

By loan purpose

Home purchase 600 76% · 1.0% denied
Refinance 118 15% · 0.9% denied
Cash-out refinance 65 8% · 1.5% denied
Home improvement 3 0% · 0.0% denied

By loan type

Conventional 471 60% · 0.6% denied
FHA 281 36% · 1.4% denied
VA 33 4% · 3.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Michigan applicants

Debt-to-income ratio 3 38%
Unverifiable information 1 13%
Credit history 1 13%
Insufficient cash 1 13%
Other 1 13%
Collateral 1 13%

Where in Michigan

Counties with the most The Mortgage Link applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wayne County 4773915 1.0%
Oakland County 99890 0.0%
Macomb County 76641 1.3%
Monroe County 40341 2.5%
Livingston County 22190 0.0%
St. Clair County 970 0.0%
Ingham County 850 0.0%
Washtenaw County 860 0.0%
Genesee County 540 0.0%
Jackson County 520 0.0%

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: 786 applications in 2025, of which 649 were originated and 8 denied.

1.0% of all applications, or 1.2% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans The Mortgage Link originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are The Mortgage Link'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