Largest mortgage lenders in Michigan
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 30,644 | 22,693 | 16.3% | 6.75% |
| 2 | United Shore Financial Services | B | 29,330 | 22,015 | 11.7% | 6.60% |
| 3 | The Huntington National Bank | D | 20,047 | 10,932 | 30.0% | 7.49% |
| 4 | Lake Michigan Credit Union | A | 16,662 | 12,864 | 5.6% | 6.75% |
| 5 | Fifth Third Bank | D | 11,176 | 6,106 | 26.4% | 7.50% |
| 6 | 21st Mortgage | F | 7,424 | 1,623 | 53.4% | 11.04% |
| 7 | Citizens Bank | C | 6,592 | 3,697 | 29.0% | 7.65% |
| 8 | Triad Financial Services | D | 6,426 | 1,245 | 56.1% | 8.49% |
| 9 | Union Home Mortgage | B | 5,303 | 4,118 | 4.3% | 6.75% |
| 10 | PNC Bank | D | 5,161 | 2,885 | 26.3% | 7.36% |
| 11 | Newrez | D | 4,958 | 1,723 | 18.5% | 6.75% |
| 12 | Mortgage Research Center | C | 4,942 | 2,334 | 19.4% | 6.25% |
| 13 | JPMorgan Chase Bank | B | 4,921 | 2,995 | 11.0% | 6.63% |
| 14 | Flagstar Bank | C | 4,889 | 2,677 | 21.3% | 6.63% |
| 15 | Bank of America | F | 4,464 | 1,939 | 31.9% | 5.99% |
| 16 | Genisys Credit Union | D | 4,455 | 2,770 | 17.0% | 7.24% |
| 17 | MICHIGAN STATE UNIVERSITY Federal Credit Union | C | 4,385 | 2,552 | 17.7% | 7.50% |
| 18 | Dfcu Financial | B | 4,346 | 2,985 | 13.3% | 6.25% |
| 19 | Michigan Schools and Government | C | 4,227 | 2,902 | 12.0% | 7.24% |
| 20 | Mortgage 1 | A | 4,161 | 3,342 | 2.0% | 6.63% |
| 21 | Consumers Credit Union | C | 3,905 | 2,929 | 9.9% | 6.38% |
| 22 | Crosscountry Mortgage | B | 3,708 | 2,327 | 4.2% | 6.75% |
| 23 | The Dart Bank | B | 3,524 | 2,600 | 6.4% | 6.75% |
| 24 | Freedom Mortgage | B | 3,515 | 1,463 | 9.7% | 6.25% |
| 25 | Coastal Community Bank | C | 3,418 | 772 | 1.6% | 10.49% |
Best approval odds in Michigan
Lowest decision denial rate among lenders that decided at least 300 Michigan applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Marshall Community Credit Union | 340 | 0.6% | 7.13% |
| 2 | Northern Mortgage Services | 560 | 1.1% | 6.62% |
| 3 | The Mortgage Link | 695 | 1.2% | 6.63% |
| 4 | Churchill Mortgage | 502 | 1.2% | 6.63% |
| 5 | Kellogg Community Credit Union | 562 | 1.3% | 7.44% |
| 6 | GreenStone Farm Credit Services, FLCA | 1,199 | 1.3% | 6.75% |
| 7 | Blg Holdings | 483 | 1.5% | 6.63% |
| 8 | DAS Acquisition Company | 397 | 1.5% | 6.63% |
| 9 | J. Virgil | 624 | 1.6% | 6.63% |
| 10 | Ark-La-Tex Financial Services, LLC. | 410 | 1.7% | 6.63% |
Lowest median rates in Michigan
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Michigan United Credit Union | 213 | 4.74% | 11.3% |
| 2 | Michigan Legacy Credit Union | 110 | 4.99% | 18.3% |
| 3 | LOC Credit Union | 488 | 4.99% | 29.4% |
| 4 | Village Capital & Investment | 244 | 5.75% | 26.5% |
| 5 | M/i Financial | 185 | 5.88% | 2.1% |
| 6 | LAFCU Credit Union | 287 | 5.88% | 8.5% |
| 7 | Jolt Credit Union | 114 | 5.99% | 14.8% |
| 8 | Planet Home Lending | 242 | 5.99% | 18.4% |
| 9 | Comerica Bank | 1,286 | 5.99% | 40.0% |
| 10 | Bank of America | 1,939 | 5.99% | 31.9% |
What Michigan borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Michigan applications were denied
Michigan mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 317,470 | 186,138 | 20.0% | 7.05% | $125,000 | 990 |
| 2024 | 347,013 | 206,123 | 19.8% | 6.99% | $135,000 | 959 |
| 2025 | 383,226 | 229,505 | 18.5% | 6.75% | $155,000 | 973 |
Michigan counties
Counties with at least 200 applications in 2025, most active first.
Wayne County61k
Oakland County51k
Macomb County35k
Kent County26k
Genesee County15k
Ottawa County12k
Washtenaw County11k
Kalamazoo County9.5k
Ingham County8.9k
Livingston County8.4k
Muskegon County7.5k
St. Clair County7.1k
Berrien County6.5k
Monroe County6.5k
Jackson County5.7k
Saginaw County5.5k
Allegan County5.3k
Calhoun County5.2k
Eaton County3.8k
Grand Traverse County3.8k
Lenawee County3.5k
Lapeer County3.5k
Bay County3.1k
Van Buren County3.1k
Barry County2.8k
Clinton County2.7k
Montcalm County2.6k
Shiawassee County2.6k
Midland County2.4k
Ionia County2.3k
St. Joseph County2.2k
Newaygo County2.1k
Cass County2.0k
Isabella County1.5k
Branch County1.5k
Tuscola County1.5k
Mecosta County1.5k
Marquette County1.4k
Hillsdale County1.3k
Wexford County1.3k
Clare County1.2k
Roscommon County1.2k
Sanilac County1.1k
Antrim County1.1k
Gratiot County1.1k
Emmet County1.1k
Otsego County1.0k
Gladwin County962
Charlevoix County932
Leelanau County917
Oceana County772
Mason County767
Manistee County727
Osceola County718
Iosco County707
Huron County692
Benzie County689
Kalkaska County626
Houghton County622
Cheboygan County614
Ogemaw County594
Chippewa County521
Crawford County482
Alpena County479
Dickinson County450
Missaukee County436
Lake County423
Iron County373
Arenac County366
Menominee County356
Montmorency County343
Gogebic County322
Delta County318
Alcona County302
Oscoda County231
Frequently asked questions
18.5% of mortgage applications in Michigan were denied in 2025 (22.6% of applications that reached a decision). Nationally the rate was 18.0%.
Rocket Mortgage handled the most applications in Michigan in 2025: 30,644, with a denial rate of 16.3%.
Among lenders that decided at least 300 applications in Michigan, Marshall Community Credit Union had the lowest decision denial rate at 0.6%.
The median interest rate on loans originated in Michigan in 2025 was 6.75%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.