Vanderbilt Mortgage and Finance in Michigan vs the state
54.8%Denial rate+36.31 pts vs state
80.4%Decision denial rate+57.86 pts vs state
12.3%Origination rate-47.56 pts vs state
11.25%Median rate+4.50 pts vs state
5.20Rate spread (pts)+4.80 pts vs state
$54kMedian applicant income
74Loans originated
329Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 235 | 55 | 42.1% | 10.99% | #163 |
| 2024 | 332 | 58 | 50.6% | 10.75% | #151 |
| 2025 | 600 | 74 | 54.8% | 11.25% | #113 |
What Vanderbilt Mortgage and Finance lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Vanderbilt Mortgage and Finance applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Kent County | 58 | 3 | 30 | 51.7% |
| Macomb County | 54 | 10 | 29 | 53.7% |
| Wayne County | 53 | 7 | 30 | 56.6% |
| Oakland County | 52 | 2 | 32 | 61.5% |
| Monroe County | 30 | 10 | 14 | 46.7% |
| Lenawee County | 29 | 9 | 13 | 44.8% |
| Washtenaw County | 19 | 2 | 11 | 57.9% |
| Allegan County | 19 | 1 | 9 | 47.4% |
| Muskegon County | 18 | 3 | 10 | 55.6% |
| St. Clair County | 17 | 2 | 10 | 58.8% |
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: 600 applications in 2025, of which 74 were originated and 329 denied.
54.8% of all applications, or 80.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Vanderbilt Mortgage and Finance originated in Michigan in 2025 was 11.25%, against a statewide median of 6.75%.
About this data. Figures are Vanderbilt Mortgage and Finance'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