Wells Fargo Bank in Michigan vs the state
15.5%Denial rate-3.07 pts vs state
22.0%Decision denial rate-0.56 pts vs state
54.6%Origination rate-5.34 pts vs state
6.38%Median rate-0.38 pts vs state
0.16Rate spread (pts)-0.23 pts vs state
$104kMedian applicant income
300Loans originated
85Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,040 | 508 | 24.6% | 6.25% | #69 |
| 2024 | 686 | 293 | 24.2% | 6.38% | #92 |
| 2025 | 550 | 300 | 15.5% | 6.38% | #124 |
What Wells Fargo Bank lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 73 | 33 | 13 | 17.8% |
| Oakland County | 68 | 33 | 9 | 13.2% |
| Kent County | 37 | 25 | 2 | 5.4% |
| Macomb County | 34 | 18 | 6 | 17.6% |
| Washtenaw County | 18 | 8 | 4 | 22.2% |
| Kalamazoo County | 18 | 9 | 4 | 22.2% |
| Ingham County | 16 | 9 | 3 | 18.8% |
| Berrien County | 14 | 9 | 1 | 7.1% |
| Monroe County | 12 | 8 | 1 | 8.3% |
| Jackson County | 12 | 6 | 4 | 33.3% |
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: 550 applications in 2025, of which 300 were originated and 85 denied.
15.5% of all applications, or 22.0% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Wells Fargo Bank originated in Michigan in 2025 was 6.38%, against a statewide median of 6.75%.
About this data. Figures are Wells Fargo 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