USAA Federal Savings Bank in Michigan vs the state
23.0%Denial rate+4.48 pts vs state
32.9%Decision denial rate+10.30 pts vs state
46.5%Origination rate-13.40 pts vs state
6.38%Median rate-0.38 pts vs state
-0.16Rate spread (pts)-0.56 pts vs state
$115kMedian applicant income
291Loans originated
144Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 517 | 271 | 23.4% | 6.50% | #107 |
| 2024 | 626 | 310 | 21.7% | 6.38% | #99 |
| 2025 | 626 | 291 | 23.0% | 6.38% | #110 |
What USAA Federal Savings Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most USAA Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 64 | 24 | 14 | 21.9% |
| Oakland County | 52 | 28 | 11 | 21.2% |
| Macomb County | 43 | 21 | 12 | 27.9% |
| Kent County | 38 | 15 | 8 | 21.1% |
| Kalamazoo County | 30 | 17 | 5 | 16.7% |
| Ingham County | 24 | 13 | 1 | 4.2% |
| Saginaw County | 17 | 11 | 2 | 11.8% |
| Muskegon County | 17 | 8 | 4 | 23.5% |
| Livingston County | 16 | 9 | 3 | 18.8% |
| Washtenaw County | 16 | 4 | 4 | 25.0% |
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: 626 applications in 2025, of which 291 were originated and 144 denied.
23.0% of all applications, or 32.9% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans USAA Federal Savings Bank originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are USAA Federal Savings 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