Lenders › First Merchants Bank › Michigan
First Merchants Bank 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, First Merchants Bank reported 2,513 applications and 1,746 originations for 2024, $559m in all.
Its denial rate in the state was 13.5%, below the Michigan rate of 23.9% across all lenders and compared with the lender's national rate of 19.8%.
The median rate spread on its Michigan originations was 0.1 percentage points (state median 0.5).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Michigan | Michigan, all lenders | First Merchants Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 13.5% | 23.9% | 19.8% | 24.3% |
| Median rate spread, pp | 0.1 | 0.5 | 0.1 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.6% | 18.4% | 4.8% | 15.6% |
| Average originated loan | $320k | $212k | $288k | $329k |
| Home purchase share | 61.1% | 51.2% | 43.9% | 57.0% |
| FHA-insured share | 2.3% | 10.0% | 2.4% | 13.4% |
| VA-guaranteed share | 0.5% | 4.5% | 0.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMichigan, all lenders
Loan purpose and loan type in Michigan
By purpose
Home purchase 61% (1,066)Home improvement 5% (80)Refinancing 19% (333)Cash-out refinancing 3% (61)Other purpose 12% (206)
By type
Conventional 97% (1,696)FHA 2% (40)VA 0% (8)USDA 0% (2)
Denial reasons as coded
Share of 278 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 | 772 | 573 | $259m | 7.8% |
| Wayne County | 571 | 383 | $86m | 14.9% |
| Monroe County | 328 | 199 | $24m | 26.2% |
| Washtenaw County | 285 | 196 | $61m | 10.7% |
| Macomb County | 178 | 125 | $43m | 14.2% |
| Livingston County | 72 | 53 | $18m | 10.0% |
| Jackson County | 41 | 24 | $6.0m | 25.0% |
| Kent County | 36 | 24 | $11m | 17.2% |
| Genesee County | 28 | 22 | $5.0m | — |
| Lenawee County | 25 | 17 | $3.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did First Merchants Bank originate in Michigan in 2024?
1,746 loans totalling $559m, from 2,513 applications reported for properties in Michigan.
What is First Merchants Bank's denial rate in Michigan?
13.5% of decided applications in Michigan were denied, against 23.9% for all lenders in the state and 19.8% 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 First Merchants Bank lend in most?
By originations: Oakland County (573), Wayne County (383), Monroe County (199), Washtenaw County (196), Macomb County (125).
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.