Tomo Mortgage in Michigan vs the state
8.9%Denial rate-9.65 pts vs state
18.3%Decision denial rate-4.33 pts vs state
39.0%Origination rate-20.88 pts vs state
6.49%Median rate-0.26 pts vs state
-0.01Rate spread (pts)-0.40 pts vs state
$129kMedian applicant income
110Loans originated
25Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 65 | 28 | 7.7% | 6.50% | #323 |
| 2025 | 282 | 110 | 8.9% | 6.49% | #178 |
What Tomo Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Tomo Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 73 | 23 | 5 | 6.8% |
| Wayne County | 34 | 12 | 4 | 11.8% |
| Washtenaw County | 27 | 11 | 0 | 0.0% |
| Macomb County | 20 | 5 | 4 | 20.0% |
| Kent County | 14 | 5 | 3 | 21.4% |
| Livingston County | 9 | 2 | 0 | 0.0% |
| Ingham County | 9 | 3 | 1 | 11.1% |
| Ottawa County | 9 | 5 | 1 | 11.1% |
| Lenawee County | 7 | 5 | 0 | 0.0% |
| Allegan County | 6 | 3 | 1 | 16.7% |
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: 282 applications in 2025, of which 110 were originated and 25 denied.
8.9% of all applications, or 18.3% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Tomo Mortgage originated in Michigan in 2025 was 6.49%, against a statewide median of 6.75%.
About this data. Figures are Tomo Mortgage'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