Lenders › Figure Lending LLC › Michigan
Figure Lending LLC in Michigan
HMDA record for properties in Michigan, calendar year 2024. National record · Michigan overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Figure Lending LLC's 2024 HMDA record for Michigan covers 2,359 applications, 1,119 of them originated, worth $67m.
Its denial rate in the state was 26.6%, above the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 29.8%.
The median rate spread on its Michigan originations was 4.3 percentage points (state median 0.5).
Applications in the state were up 39% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Figure Lending LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 26.6% | 23.9% | 29.8% | 24.3% |
| Median rate spread, pp | 4.3 | 0.5 | 4.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 96.6% | 18.4% | 96.3% | 15.6% |
| Average originated loan | $60k | $212k | $78k | $329k |
| Home purchase share | 0.0% | 51.2% | 0.0% | 57.0% |
| FHA-insured share | 0.0% | 10.0% | 0.0% | 13.4% |
| VA-guaranteed share | 0.0% | 4.5% | 0.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home improvement 32% (359)Other purpose 68% (760)
By type
Conventional 100% (1,119)
Denial reasons as coded
Share of 592 denials in Michigan by first denial reason coded (outlined bar: all lenders in the state).
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Wayne County | 336 | 155 | $9.8m | 26.3% |
| Oakland County | 325 | 153 | $10m | 25.8% |
| Macomb County | 233 | 116 | $6.6m | 23.2% |
| Kent County | 154 | 83 | $5.5m | 26.5% |
| Genesee County | 101 | 49 | $2.7m | 24.5% |
| Ottawa County | 86 | 44 | $2.7m | 22.2% |
| Muskegon County | 72 | 39 | $2.4m | 23.9% |
| Washtenaw County | 70 | 32 | $1.9m | 33.8% |
| Jackson County | 58 | 29 | $1.7m | 28.1% |
| Ingham County | 43 | 24 | $1.8m | 27.5% |
| St. Clair County | 46 | 23 | $1.1m | 24.4% |
| Livingston County | 56 | 22 | $1.5m | 34.6% |
| Kalamazoo County | 45 | 22 | $1.5m | 30.2% |
| Berrien County | 44 | 20 | $1.0m | 28.9% |
| Saginaw County | 35 | 19 | $815k | 28.1% |
| Bay County | 32 | 18 | $700k | 25.0% |
| Monroe County | 30 | 18 | $990k | 17.2% |
| Lapeer County | 32 | 16 | $880k | 19.4% |
| Calhoun County | 32 | 16 | $750k | 15.6% |
| Shiawassee County | 29 | 14 | $560k | 35.7% |
| Allegan County | 30 | 12 | $650k | 32.1% |
| Grand Traverse County | 30 | 10 | $770k | 34.5% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Figure Lending LLC originate in Michigan in 2024?
1,119 loans totalling $67m, from 2,359 applications reported for properties in Michigan.
What is Figure Lending LLC's denial rate in Michigan?
26.6% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 29.8% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Michigan counties does Figure Lending LLC lend in most?
By originations: Wayne County (155), Oakland County (153), Macomb County (116), Kent County (83), Genesee County (49).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Michigan. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.