Towne Mortgage in Michigan vs the state
3.7%Denial rate-14.78 pts vs state
4.1%Decision denial rate-18.49 pts vs state
76.7%Origination rate+16.76 pts vs state
6.63%Median rate-0.13 pts vs state
0.45Rate spread (pts)+0.05 pts vs state
$76kMedian applicant income
430Loans originated
21Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 469 | 349 | 6.4% | 6.75% | #115 |
| 2024 | 465 | 330 | 5.2% | 6.63% | #120 |
| 2025 | 561 | 430 | 3.7% | 6.63% | #119 |
What Towne Mortgage lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Towne Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Muskegon County | 93 | 81 | 0 | 0.0% |
| Genesee County | 75 | 62 | 0 | 0.0% |
| Wayne County | 75 | 49 | 6 | 8.0% |
| Jackson County | 44 | 38 | 3 | 6.8% |
| Oakland County | 41 | 30 | 3 | 7.3% |
| Macomb County | 32 | 23 | 1 | 3.1% |
| Kent County | 15 | 13 | 1 | 6.7% |
| Saginaw County | 11 | 9 | 0 | 0.0% |
| St. Clair County | 10 | 7 | 0 | 0.0% |
| Lapeer County | 9 | 7 | 2 | 22.2% |
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: 561 applications in 2025, of which 430 were originated and 21 denied.
3.7% of all applications, or 4.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Towne Mortgage originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Towne 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