Third Federal Savings and Loan Association of Cleveland in Michigan vs the state
33.7%Denial rate+15.19 pts vs state
40.5%Decision denial rate+17.96 pts vs state
47.6%Origination rate-12.25 pts vs state
6.99%Median rate+0.24 pts vs state
-0.23Rate spread (pts)-0.63 pts vs state
$129kMedian applicant income
212Loans originated
150Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 194 | 94 | 39.7% | 7.24% | #183 |
| 2024 | 446 | 196 | 43.1% | 7.49% | #128 |
| 2025 | 445 | 212 | 33.7% | 6.99% | #140 |
What Third Federal Savings and Loan Association of Cleveland lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Third Federal Savings and Loan Association of Cleveland applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 122 | 65 | 36 | 29.5% |
| Wayne County | 56 | 29 | 19 | 33.9% |
| Macomb County | 55 | 29 | 19 | 34.5% |
| Kent County | 38 | 19 | 10 | 26.3% |
| Washtenaw County | 29 | 16 | 7 | 24.1% |
| Genesee County | 17 | 10 | 4 | 23.5% |
| Livingston County | 13 | 6 | 5 | 38.5% |
| Ottawa County | 12 | 3 | 6 | 50.0% |
| Monroe County | 10 | 4 | 5 | 50.0% |
| St. Clair County | 10 | 5 | 1 | 10.0% |
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: 445 applications in 2025, of which 212 were originated and 150 denied.
33.7% of all applications, or 40.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Third Federal Savings and Loan Association of Cleveland originated in Michigan in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Third Federal Savings and Loan Association of Cleveland'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