Zillow Home Loans · Michigan · 2025

Zillow Home Loans in Michigan: approval rate, denial rate and rates (2025)

Zillow Home Loans took 842 mortgage applications in Michigan in 2025, ranking #85 of 973 lenders active in the state. It originated 71.1% of them and denied 5.1% (6.6% of the applications it decided), against a statewide denial rate of 18.5%.

842Applicationsin MI
6.6%Decision denial ratestate 22.6%
6.63%Median ratestate 6.75%
$205,000Median loanstate $155,000
$140MVolume65 counties

Zillow Home Loans in Michigan vs the state

5.1%Denial rate-13.41 pts vs state
6.6%Decision denial rate-16.00 pts vs state
71.1%Origination rate+11.25 pts vs state
6.63%Median rate-0.13 pts vs state
0.55Rate spread (pts)+0.16 pts vs state
$86kMedian applicant income
599Loans originated
43Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232321623.9%6.94%#165
20242961869.5%6.88%#166
20258425995.1%6.63%#85

What Zillow Home Loans lends in Michigan

By loan purpose

Home purchase 838 100% · 5.0% denied
Cash-out refinance 2 0% · 0.0% denied
Other / HELOC 2 0% · 50.0% denied

By loan type

Conventional 661 79% · 4.7% denied
FHA 160 19% · 6.9% denied
VA 21 2% · 4.8% denied

Why it denied Michigan applicants

Debt-to-income ratio 17 40%
Collateral 11 26%
Other 7 16%
Credit history 4 9%
Unverifiable information 4 9%

Where in Michigan

Counties with the most Zillow Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 1681237 4.2%
Wayne County 1681169 5.4%
Macomb County 106777 6.6%
Genesee County 58405 8.6%
Washtenaw County 31230 0.0%
Kent County 30230 0.0%
Livingston County 21150 0.0%
Calhoun County 18121 5.6%
Ingham County 17101 5.9%
St. Clair County 1391 7.7%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 842 applications in 2025, of which 599 were originated and 43 denied.

5.1% of all applications, or 6.6% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans Zillow Home Loans originated in Michigan in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Zillow Home Loans'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