The Northern Trust · Michigan · 2025

The Northern Trust in Michigan: approval rate, denial rate and rates (2025)

The Northern Trust took 5 mortgage applications in Michigan in 2025, ranking #586 of 973 lenders active in the state. It originated 80.0% of them and denied 0.0% (0.0% of the applications it decided), against a statewide denial rate of 18.5%.

5Applicationsin MI
0.0%Decision denial ratestate 22.6%
Median ratestate 6.75%
$755,000Median loanstate $155,000
$10MVolume4 counties

The Northern Trust in Michigan vs the state

0.0%Denial rate-18.52 pts vs state
0.0%Decision denial rate-22.58 pts vs state
80.0%Origination rate+20.11 pts vs state
Median rate
Rate spread (pts)
$882kMedian applicant income
4Loans originated
0Denied

What The Northern Trust lends in Michigan

By loan purpose

Home purchase 2 40% · 0.0% denied
Refinance 1 20% · 0.0% denied
Other / HELOC 2 40% · 0.0% denied

By loan type

Conventional 5 100% · 0.0% denied

Where in Michigan

Counties with the most The Northern Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 220 0.0%
Hillsdale County 110 0.0%
Berrien County 110 0.0%
Washtenaw County 100 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: 5 applications in 2025, of which 4 were originated and 0 denied.

0.0% of all applications, or 0.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are The Northern Trust'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