Wayne County, Michigan · 2025

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

521 lenders acted on 61,813 mortgage applications for properties in Wayne County in 2025. 22.8% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $125,000; median property value $245,000.

62kApplications
22.8%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$125,000Median loan
$245,000Median property value

Largest lenders in Wayne County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 7,3285,312 14.4%6.63%
2 Rocket Mortgage C 6,3734,686 17.2%6.75%
3 Citizens Bank C 2,2241,137 34.0%7.65%
4 The Huntington National Bank D 2,119958 38.3%7.00%
5 Dfcu Financial B 2,0861,390 15.2%6.25%
6 Kiavi Funding D 1,259675 7.9%9.50%
7 Bank of America F 1,165401 43.0%6.00%
8 Michigan First Credit Union F 1,131472 48.8%7.19%
9 Flagstar Bank C 1,041561 22.0%6.63%
10 Fifth Third Bank D 999383 39.8%8.00%
11 JPMorgan Chase Bank B 951552 13.9%6.63%
12 21st Mortgage F 907178 57.1%11.02%
13 Comerica Bank C 863293 48.1%5.99%
14 Newrez D 848244 23.5%6.99%
15 PNC Bank D 807366 35.8%7.79%
16 Triad Financial Services D 782120 63.3%8.50%
17 AmeriSave Mortgage D 705131 69.5%6.88%
18 Community Financial Credit Union B 694486 15.4%7.25%
19 Broker Solutions D 681152 15.0%6.88%
20 Crosscountry Mortgage B 654403 4.3%6.75%
21 Guaranteed Rate B 651371 5.1%6.63%
22 Credit Union One D 647280 37.9%7.99%
23 Coastal Community Bank C 634125 2.8%10.74%
24 Lake Michigan Credit Union A 608451 5.8%6.50%
25 Staunton Financial B 582520 4.5%6.63%

Best approval odds in Wayne County

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

What Wayne County borrowers applied for

By loan purpose

Home purchase 25,300 41% · 15.6% denied
Refinance 8,969 15% · 19.1% denied
Cash-out refinance 11,868 19% · 24.0% denied
Home improvement 7,727 13% · 37.7% denied
Other / HELOC 7,949 13% · 33.4% denied

By loan type

Conventional 49,931 81% · 23.0% denied
FHA 9,413 15% · 23.2% denied
VA 2,437 4% · 16.2% denied
USDA / RHS 32 0% · 9.4% denied

Why applications were denied

Credit history 4,161 30%
Debt-to-income ratio 3,997 29%
Collateral 2,088 15%
Incomplete application 1,505 11%
Other 1,251 9%
Unverifiable information 437 3%
Insufficient cash 381 3%
Employment history 163 1%
Mortgage insurance denied 2 0%

Wayne County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202350,17826,71624.1%7.00%$115,000
202456,08030,37123.8%7.00%$115,000
202561,81333,66722.8%6.88%$125,000

Frequently asked questions

22.8% of applications in Wayne County were denied in 2025, against 18.5% statewide in Michigan.

United Shore Financial Services, with 7,328 applications in 2025 and a denial rate of 14.4%.

The median mortgage application in Wayne County in 2025 was for $125,000; the median property value on originated loans was $245,000.