Velocity Commercial Capital in Michigan vs the state
0.3%Denial rate-18.26 pts vs state
0.4%Decision denial rate-22.15 pts vs state
58.7%Origination rate-1.23 pts vs state
10.24%Median rate+3.49 pts vs state
—Rate spread (pts)
—Median applicant income
227Loans originated
1Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 123 | 73 | 1.6% | 10.99% | #243 |
| 2024 | 268 | 151 | 0.8% | 10.74% | #177 |
| 2025 | 387 | 227 | 0.3% | 10.24% | #149 |
What Velocity Commercial Capital lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Velocity Commercial Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 285 | 166 | 1 | 0.4% |
| Oakland County | 24 | 16 | 0 | 0.0% |
| Genesee County | 19 | 11 | 0 | 0.0% |
| Macomb County | 17 | 10 | 0 | 0.0% |
| Saginaw County | 8 | 5 | 0 | 0.0% |
| Monroe County | 5 | 3 | 0 | 0.0% |
| Kalamazoo County | 4 | 3 | 0 | 0.0% |
| Calhoun County | 4 | 2 | 0 | 0.0% |
| Ingham County | 4 | 2 | 0 | 0.0% |
| Jackson County | 3 | 1 | 0 | 0.0% |
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: 387 applications in 2025, of which 227 were originated and 1 denied.
0.3% of all applications, or 0.4% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Velocity Commercial Capital originated in Michigan in 2025 was 10.24%, against a statewide median of 6.75%.
About this data. Figures are Velocity Commercial Capital'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