Ark-La-Tex Financial Services LLC reported 492 applications for homes in Michigan in the HMDA data of 2025.
It originated 399 loans in the state in 2025, for $110 million in total.
The median interest rate of these loans in 2025 was 6.625%, and the median of all lenders in Michigan was 6.599%.
The median total loan costs in 2025 were $5,168, and the state median was $4,527.
It denied 1.7% of the applications that it decided in the state in 2025, and the state denial rate was 22.6%.
Filed figures of Ark-La-Tex Financial Services LLC in Michigan, 2025
Figure
In MI
Lender, all states
MI, all lenders
Applications
492
20,196
383,226
Loans originated
399
15,382
229,505
Median interest rate
6.625%
6.500%
6.599%
Median total loan costs
$5,168
$6,038
$4,527
Denial rate
1.7%
3.3%
22.6%
HMDA data are generally not used alone 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.
Pricing medians of Ark-La-Tex Financial Services LLC in Michigan, 2025Each value has the median of all lenders in Michigan under it.
Loans
Loans in the medians
Interest rate
Total loan costs
Origination charges
Discount points, of the loans with points
Lender credits, of the loans with credits
Rate spread, points
All loans in MI
394
6.625%MI 6.599%
$5,168MI $4,527
$2,799MI $1,790
$998MI $1,736
$100MI $500
0.383MI 0.307
Medians are for originated closed-end loans with a first lien. Reverse mortgages, open-end lines of credit and loans for a business purpose are not in the medians. A median needs 20 loans.
The median rate spread was 0.383 percentage points above the average prime offer rate. On a loan of $300,000, that is about $1,149 more a year, or $96 more a month.
The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different.
Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025
Data date
HMDA year . Page made .
Provenance
The figures come from the public HMDA loan/application register of 2022 to 2025. They are the records of this LEI for homes in Michigan. This site withholds a figure with fewer than 25 applications. Method of the figures. Terms. Report an error.
Questions
What share of the loans of Ark-La-Tex Financial Services LLC were in Michigan in 2025?
399 of its loans originated, out of 15,382 in all states. That is 2.6%.
In which counties of Michigan did Ark-La-Tex Financial Services LLC originate the most loans in 2025?
The three with the most loans were Kent County (155), Roscommon County (41) and Ottawa County (26).
Which loan types did Ark-La-Tex Financial Services LLC originate in Michigan in 2025?
310 conventional, 42 FHA, 36 VA and 11 USDA.
How did the applications of Ark-La-Tex Financial Services LLC in Michigan change from 2022 to 2025?
It reported 782 applications in 2022 and 492 in 2025.