Zippy Loans in Michigan vs the state
34.6%Denial rate+16.05 pts vs state
57.5%Decision denial rate+34.88 pts vs state
25.2%Origination rate-34.69 pts vs state
9.18%Median rate+2.43 pts vs state
0.04Rate spread (pts)-0.36 pts vs state
$53kMedian applicant income
449Loans originated
616Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 1,385 | 315 | 40.2% | 10.05% | #57 |
| 2025 | 1,782 | 449 | 34.6% | 9.18% | #49 |
What Zippy Loans lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Zippy Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Wayne County | 219 | 58 | 91 | 41.6% |
| Oakland County | 211 | 75 | 51 | 24.2% |
| Macomb County | 148 | 43 | 49 | 33.1% |
| Genesee County | 105 | 33 | 25 | 23.8% |
| Kent County | 97 | 22 | 31 | 32.0% |
| Jackson County | 96 | 35 | 21 | 21.9% |
| Eaton County | 56 | 22 | 9 | 16.1% |
| Ottawa County | 54 | 9 | 16 | 29.6% |
| Calhoun County | 47 | 6 | 18 | 38.3% |
| Grand Traverse County | 44 | 23 | 10 | 22.7% |
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: 1,782 applications in 2025, of which 449 were originated and 616 denied.
34.6% of all applications, or 57.5% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Zippy Loans originated in Michigan in 2025 was 9.18%, against a statewide median of 6.75%.
About this data. Figures are Zippy 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