Lenders › Lower, LLC › Michigan
Lower, 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.
In Michigan, Lower, LLC reported 321 applications and 151 originations for 2024, $35m in all.
Its denial rate in the state was 23.6%, close to the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Michigan originations was 0.6 percentage points (state median 0.5).
Applications in the state were up 48% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 23.6% | 23.9% | 12.7% | 24.3% |
| Median rate spread, pp | 0.6 | 0.5 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.2% | 18.4% | 7.3% | 15.6% |
| Average originated loan | $234k | $212k | $310k | $329k |
| Home purchase share | 50.3% | 51.2% | 81.3% | 57.0% |
| FHA-insured share | 29.1% | 10.0% | 26.1% | 13.4% |
| VA-guaranteed share | 8.6% | 4.5% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 50% (76)Refinancing 9% (13)Cash-out refinancing 41% (62)
By type
Conventional 62% (93)FHA 29% (44)VA 9% (13)USDA 1% (1)
Denial reasons as coded
Share of 48 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 | 57 | 23 | $5.1m | 28.6% |
| Macomb County | 31 | 17 | $3.1m | — |
| Kent County | 31 | 17 | $3.4m | — |
| Oakland County | 47 | 16 | $4.0m | 36.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Michigan in 2024?
151 loans totalling $35m, from 321 applications reported for properties in Michigan.
What is Lower, LLC's denial rate in Michigan?
23.6% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 12.7% 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 Lower, LLC lend in most?
By originations: Wayne County (23), Macomb County (17), Kent County (17), Oakland County (16).
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 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.