U.S. Bank in Michigan vs the state
41.8%Denial rate+23.31 pts vs state
50.1%Decision denial rate+27.49 pts vs state
40.5%Origination rate-19.35 pts vs state
7.13%Median rate+0.38 pts vs state
0.63Rate spread (pts)+0.24 pts vs state
$111kMedian applicant income
345Loans originated
356Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,155 | 545 | 37.8% | 7.13% | #60 |
| 2024 | 1,234 | 585 | 37.4% | 6.90% | #63 |
| 2025 | 851 | 345 | 41.8% | 7.13% | #84 |
What U.S. Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most U.S. Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Oakland County | 153 | 85 | 41 | 26.8% |
| Wayne County | 150 | 36 | 86 | 57.3% |
| Macomb County | 78 | 25 | 37 | 47.4% |
| Washtenaw County | 42 | 21 | 11 | 26.2% |
| Kent County | 39 | 17 | 16 | 41.0% |
| Genesee County | 35 | 9 | 21 | 60.0% |
| Ottawa County | 23 | 13 | 7 | 30.4% |
| Berrien County | 20 | 12 | 6 | 30.0% |
| Kalamazoo County | 19 | 10 | 5 | 26.3% |
| Livingston County | 17 | 7 | 7 | 41.2% |
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: 851 applications in 2025, of which 345 were originated and 356 denied.
41.8% of all applications, or 50.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans U.S. Bank originated in Michigan in 2025 was 7.13%, against a statewide median of 6.75%.
About this data. Figures are U.S. Bank'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