Washtenaw County, Michigan · 2025

Mortgage lenders in Washtenaw County, MI: denial rates and top lenders (2025)

364 lenders acted on 11,705 mortgage applications for properties in Washtenaw County in 2025. 16.3% were denied (Michigan: 18.5%). Median rate on closed loans 6.72%; median loan $215,000; median property value $445,000.

12kApplications
16.3%Denial ratestate 18.5%
6.72%Median ratestate 6.75%
$215,000Median loan
$445,000Median property value

Largest lenders in Washtenaw County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 832608 15.8%6.75%
2 United Shore Financial Services B 683548 8.5%6.50%
3 University of Michigan Credit Union A 619438 3.9%7.50%
4 The Huntington National Bank D 557302 26.8%7.44%
5 Lake Michigan Credit Union A 424327 4.0%6.37%
6 Triad Financial Services D 41470 59.7%8.49%
7 Dfcu Financial B 328232 11.3%6.25%
8 Gold Star Mortgage Financial Group C 320231 0.6%6.63%
9 First Merchants Bank C 315223 6.0%6.50%
10 University Bank A 279220 2.9%6.63%
11 Bank of America F 260137 23.1%5.99%
12 21st Mortgage F 24650 54.5%11.09%
13 Staunton Financial B 239219 2.1%6.50%
14 Old National Bank B 238185 9.7%6.25%
15 JPMorgan Chase Bank B 226150 9.7%6.49%
16 PNC Bank D 222147 20.7%7.36%
17 Citizens Bank C 184124 17.9%7.40%
18 Crosscountry Mortgage B 172102 4.7%6.88%
19 Fifth Third Bank D 15968 31.5%7.81%
20 Newrez D 15950 17.0%6.99%
21 The Dart Bank B 153116 3.3%6.75%
22 Pulte Mortgage A 13598 5.2%6.38%
23 Bank of Ann Arbor B 10976 2.8%
24 Credit Union One D 10965 18.4%7.99%
25 Coastal Community Bank C 10627 0.0%10.74%

Best approval odds in Washtenaw County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

What Washtenaw County borrowers applied for

By loan purpose

Home purchase 5,344 46% · 13.5% denied
Refinance 1,831 16% · 13.0% denied
Cash-out refinance 1,715 15% · 17.8% denied
Home improvement 1,515 13% · 20.9% denied
Other / HELOC 1,300 11% · 25.4% denied

By loan type

Conventional 10,656 91% · 16.1% denied
FHA 673 6% · 20.4% denied
VA 366 3% · 15.0% denied
USDA / RHS 10 0% · 20.0% denied

Why applications were denied

Debt-to-income ratio 736 39%
Credit history 481 25%
Incomplete application 251 13%
Collateral 214 11%
Other 126 7%
Unverifiable information 41 2%
Insufficient cash 28 1%
Employment history 9 0%
Mortgage insurance denied 1 0%

Washtenaw County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20239,6545,74618.2%6.99%$185,000
202410,5376,22218.4%6.99%$205,000
202511,7057,14016.3%6.72%$215,000

Frequently asked questions

16.3% of applications in Washtenaw County were denied in 2025, against 18.5% statewide in Michigan.

Rocket Mortgage, with 832 applications in 2025 and a denial rate of 15.8%.

The median mortgage application in Washtenaw County in 2025 was for $215,000; the median property value on originated loans was $445,000.