Lenders › Bank of America NA › Michigan
Bank of America NA 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, Bank of America NA reported 4,294 applications and 1,673 originations for 2024, $338m in all.
Its denial rate in the state was 47.6%, above the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 48.1%.
The median rate spread on its Michigan originations was 0.9 percentage points (state median 0.5).
Applications in the state were down 11% on 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | Bank of America NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 47.6% | 23.9% | 48.1% | 24.3% |
| Median rate spread, pp | 0.9 | 0.5 | 1.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 34.9% | 18.4% | 41.1% | 15.6% |
| Average originated loan | $202k | $212k | $360k | $329k |
| Home purchase share | 41.3% | 51.2% | 31.8% | 57.0% |
| FHA-insured share | 0.8% | 10.0% | 0.5% | 13.4% |
| VA-guaranteed share | 0.1% | 4.5% | 0.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 41% (691)Home improvement 26% (442)Refinancing 15% (259)Cash-out refinancing 1% (24)Other purpose 15% (257)
By type
Conventional 99% (1,658)FHA 1% (14)VA 0% (1)
Denial reasons as coded
Share of 1,593 denials in Michigan by first denial reason coded (outlined bar: all lenders in the state).
Counties in Michigan
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Oakland County | 1,022 | 443 | $108m | 40.2% |
| Wayne County | 1,113 | 376 | $59m | 56.8% |
| Macomb County | 756 | 345 | $51m | 40.9% |
| Washtenaw County | 223 | 100 | $25m | 35.3% |
| Livingston County | 163 | 71 | $11m | 34.2% |
| Kent County | 171 | 65 | $12m | 49.6% |
| St. Clair County | 58 | 28 | $4.9m | 34.8% |
| Ottawa County | 44 | 24 | $5.8m | 26.5% |
| Ingham County | 61 | 22 | $3.5m | 60.7% |
| Genesee County | 59 | 14 | $5.0m | 69.4% |
| Monroe County | 47 | 12 | $1.9m | 61.8% |
| Grand Traverse County | 26 | 12 | $7.1m | — |
| Kalamazoo County | 44 | 9 | $3.0m | 71.0% |
| Berrien County | 28 | 8 | $1.4m | — |
| Lapeer County | 27 | 8 | $1.0m | — |
| Jackson County | 34 | 7 | $885k | 71.4% |
| Allegan County | 30 | 6 | $2.0m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Bank of America NA originate in Michigan in 2024?
1,673 loans totalling $338m, from 4,294 applications reported for properties in Michigan.
What is Bank of America NA's denial rate in Michigan?
47.6% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 48.1% 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 Bank of America NA lend in most?
By originations: Oakland County (443), Wayne County (376), Macomb County (345), Washtenaw County (100), Livingston County (71).
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.