States › Michigan
Michigan mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Michigan, with all 83 counties.
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. Record year 2024.
Michigan had 347,013 HMDA-reported mortgage applications and 206,123 originations ($44bn) in 2024, from 412 lenders with at least 25 applications in the state.
The statewide denial rate was 23.9% (national 24.3%) and the median rate spread 0.5 percentage points (national 0.3). Originations ran at 50.6 per 1,000 households, against 48.0 nationally.
Originations in the state went from 255,069 in 2018 to 206,123 in 2024; the denial rate moved from 22.3% to 23.9%.
The most active lenders by originations were Rocket Mortgage (19,108), United Wholesale Mortgage (18,328) and Lake Michigan Credit Union (10,918).
Most active lenders in Michigan
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 25,325 | 19,108 | $3.9bn | 16.9% | 0.5 |
| 2 | United Wholesale Mortgage | 23,815 | 18,328 | $4.5bn | 12.6% | 0.4 |
| 3 | Lake Michigan Credit Union | 14,297 | 10,918 | $2.7bn | 9.1% | 0.1 |
| 4 | Huntington National Bank | 21,291 | 10,884 | $1.8bn | 38.3% | 0.6 |
| 5 | Fifth Third Bank, National Association | 8,288 | 4,686 | $730m | 30.9% | 0.8 |
| 6 | Flagstar Bank NA | 6,502 | 3,594 | $739m | 28.7% | 0.6 |
| 7 | Union Home Mortgage Corp. | 4,407 | 3,428 | $724m | 5.1% | 0.8 |
| 8 | Mortgage 1 Incorporated | 4,221 | 3,275 | $745m | 2.9% | 0.5 |
| 9 | Michigan Schools and Governmen | 4,347 | 2,955 | $485m | 15.6% | 0.4 |
| 10 | Genisys Credit Union | 4,541 | 2,932 | $432m | 20.8% | 0.6 |
| 11 | CBNA Year to Date | 5,265 | 2,848 | $460m | 35.9% | 0.8 |
| 12 | PNC Bank N.A. | 4,824 | 2,688 | $461m | 30.5% | 0.9 |
| 13 | Consumers Credit Union | 3,539 | 2,631 | $471m | 12.8% | 0.4 |
| 14 | Dfcu Financial | 3,954 | 2,538 | $350m | 17.9% | 0.2 |
| 15 | JPMorgan Chase Bank, NA | 3,973 | 2,422 | $658m | 14.4% | 0.3 |
| 16 | Msu Federal Credit Union | 3,791 | 2,363 | $386m | 20.6% | 0.4 |
| 17 | Independent Bank | 3,376 | 2,270 | $612m | 19.9% | 0.3 |
| 18 | 21st Mortgage | 8,249 | 2,162 | $154m | 63.8% | 5.4 |
| 19 | Staunton Financial, Inc. | 2,394 | 2,113 | $538m | 3.8% | 0.4 |
| 20 | Mercantile Bank | 3,033 | 2,103 | $517m | 15.3% | 0.4 |
| 21 | Dart Bank | 2,769 | 2,078 | $647m | 5.9% | 0.3 |
| 22 | Mortgage Research Center | 4,004 | 2,013 | $510m | 25.4% | -0.0 |
| 23 | Crosscountry Mortgage, LLC | 2,930 | 1,891 | $465m | 2.7% | 0.7 |
| 24 | Credit Union One | 3,262 | 1,859 | $213m | 30.7% | 0.9 |
| 25 | First Merchants Bank | 2,513 | 1,746 | $559m | 13.5% | 0.1 |
| 26 | Neighborhood Loans, Inc. | 2,161 | 1,727 | $424m | 11.7% | 0.6 |
| 27 | Bank of America NA | 4,294 | 1,673 | $338m | 47.6% | 0.9 |
| 28 | Newrez LLC | 4,183 | 1,541 | $323m | 33.6% | 0.7 |
| 29 | Mortgage Center LC | 2,070 | 1,443 | $276m | 9.4% | 0.5 |
| 30 | Advia Credit Union | 2,543 | 1,402 | $160m | 36.0% | — |
| 31 | Honor Credit Union | 2,247 | 1,338 | $184m | 28.8% | 0.5 |
| 32 | Michigan First Credit Union | 2,562 | 1,335 | $223m | 36.8% | 1.0 |
| 33 | Triad Financial Services, Inc. | 6,182 | 1,294 | $80m | 53.2% | 1.4 |
| 34 | Comerica Bank | 3,138 | 1,236 | $187m | 49.4% | -1.6 |
| 35 | Old National Bank | 1,622 | 1,170 | $396m | 19.2% | -0.1 |
| 36 | Loandepot.com, LLC | 2,483 | 1,162 | $188m | 41.6% | 0.8 |
| 37 | Nationstar Mortgage | 1,898 | 1,154 | $174m | 21.6% | 1.2 |
| 38 | Figure Lending LLC | 2,359 | 1,119 | $67m | 26.6% | 4.3 |
| 39 | First State Bank | 1,283 | 1,096 | $267m | 9.4% | 0.2 |
| 40 | Guaranteed Rate, Inc. | 1,785 | 1,075 | $320m | 10.8% | 0.3 |
| 41 | Gold Star Mortgage Financial Group, Corporation | 1,508 | 1,072 | $288m | 3.1% | 0.6 |
| 42 | Community Financial | 1,581 | 1,067 | $130m | 18.5% | 0.6 |
| 43 | Legacy Mortgage | 1,460 | 1,053 | $205m | 2.3% | 0.9 |
| 44 | Michigan Mutual, Inc | 1,523 | 1,036 | $219m | 9.5% | 0.6 |
| 45 | Navy Federal Credit Union | 2,352 | 1,025 | $189m | 36.6% | 0.5 |
| 46 | United Federal Credit Union | 1,580 | 1,002 | $159m | 25.3% | 0.4 |
| 47 | Success Mortgage Partners, Inc | 1,241 | 1,001 | $225m | 2.5% | 0.6 |
| 48 | Freedom Mortgage Corporation | 2,454 | 1,000 | $237m | 21.7% | 0.4 |
| 49 | Kiavi Funding, Inc. | 1,454 | 997 | $161m | 12.2% | — |
| 50 | First Community Mortgage | 1,266 | 980 | $235m | 4.8% | 0.5 |
| 51 | Vibe Credit Union | 1,137 | 930 | $77m | 9.2% | 6.5 |
| 52 | GreenStone Farm Credit Services | 1,068 | 899 | $277m | 1.5% | 0.5 |
| 53 | ChoiceOne Bank | 1,328 | 879 | $176m | 22.6% | 0.6 |
| 54 | Discover Bank | 5,566 | 874 | $67m | 76.2% | 2.5 |
| 55 | The Loan Store, Inc | 1,281 | 822 | $186m | 13.3% | 0.7 |
| 56 | Frankenmuth Credit Union | 909 | 808 | $115m | 4.2% | 1.4 |
| 57 | Community Choice Credit Union | 1,590 | 804 | $48m | 36.2% | 1.7 |
| 58 | Pennymac Loan Services LLC | 1,755 | 793 | $195m | 20.2% | 0.2 |
| 59 | Dort Financial Credit Union | 1,167 | 793 | $94m | 14.7% | 0.3 |
| 60 | New American Funding, LLC. | 2,540 | 768 | $137m | 33.4% | 1.1 |
Top 60 of 412 lenders with at least 25 applications in the state, by originations. 267 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Michigan | United States |
|---|---|---|
| Denial rate | 23.9% | 24.3% |
| Median rate spread, pp | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 18.4% | 15.6% |
| Average originated loan | $212k | $329k |
| Originations per 1,000 households | 50.6 | 48.0 |
| Home purchase share of originations | 51.2% | 57.0% |
| FHA-insured share | 10.0% | 13.4% |
| VA-guaranteed share | 4.5% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
MichiganUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 410,804 | 255,069 | $43bn | 22.3% | 11.5% | 4.3% | 31.3% |
| 2019 | 469,999 | 301,639 | $55bn | 19.2% | 11.1% | 5.0% | 41.8% |
| 2020 | 670,376 | 452,640 | $93bn | 14.3% | 7.6% | 5.1% | 62.4% |
| 2021 | 689,919 | 462,256 | $96bn | 15.2% | 8.5% | 4.6% | 59.5% |
| 2022 | 436,320 | 266,042 | $56bn | 21.7% | 9.9% | 3.7% | 32.1% |
| 2023 | 317,470 | 186,138 | $38bn | 24.3% | 10.9% | 3.6% | 20.9% |
| 2024 | 347,013 | 206,123 | $44bn | 23.9% | 10.0% | 4.5% | 25.9% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 51% (105,614)Home improvement 12% (23,842)Refinancing 12% (24,908)Cash-out refinancing 14% (28,518)Other purpose 11% (23,212)
By type
Conventional 85% (175,258)FHA 10% (20,714)VA 5% (9,297)USDA 0% (854)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Wayne County | 56,080 | 30,371 | 43.4 | 29.1% | 0.6 | 166 |
| Oakland County | 46,209 | 28,144 | 53.1 | 21.5% | 0.4 | 146 |
| Macomb County | 32,298 | 19,346 | 53.9 | 24.3% | 0.5 | 113 |
| Kent County | 23,744 | 15,045 | 58.6 | 20.9% | 0.4 | 98 |
| Genesee County | 13,432 | 7,837 | 46.8 | 24.2% | 0.7 | 79 |
| Ottawa County | 11,002 | 7,187 | 64.6 | 19.6% | 0.3 | 66 |
| Washtenaw County | 10,537 | 6,222 | 41.3 | 22.3% | 0.3 | 67 |
| Kalamazoo County | 9,459 | 5,912 | 55.2 | 21.9% | 0.4 | 56 |
| Livingston County | 7,959 | 4,916 | 64.3 | 21.1% | 0.4 | 66 |
| Ingham County | 8,009 | 4,854 | 41.5 | 23.7% | 0.5 | 55 |
| Muskegon County | 7,042 | 4,297 | 63.4 | 22.1% | 0.6 | 50 |
| St. Clair County | 6,551 | 3,865 | 57.0 | 24.6% | 0.6 | 43 |
| Berrien County | 6,296 | 3,668 | 57.3 | 25.1% | 0.5 | 47 |
| Monroe County | 5,957 | 3,514 | 55.8 | 24.9% | 0.6 | 49 |
| Jackson County | 5,701 | 3,358 | 53.7 | 24.8% | 0.6 | 49 |
| Saginaw County | 5,230 | 3,183 | 40.8 | 22.5% | 0.6 | 51 |
| Allegan County | 5,211 | 3,142 | 69.0 | 24.1% | 0.5 | 41 |
| Calhoun County | 4,993 | 2,858 | 53.6 | 25.9% | 0.6 | 48 |
| Eaton County | 3,674 | 2,199 | 48.4 | 24.2% | 0.5 | 32 |
| Grand Traverse County | 3,561 | 2,199 | 54.6 | 21.0% | 0.4 | 27 |
| Lapeer County | 3,250 | 1,991 | 57.2 | 23.2% | 0.6 | 34 |
| Lenawee County | 3,314 | 1,976 | 50.8 | 23.9% | 0.6 | 30 |
| Bay County | 3,046 | 1,973 | 43.7 | 19.8% | 0.7 | 29 |
| Van Buren County | 3,006 | 1,824 | 59.6 | 23.4% | 0.5 | 28 |
| Clinton County | 2,626 | 1,681 | 53.1 | 20.2% | 0.5 | 20 |
| Barry County | 2,774 | 1,651 | 67.4 | 25.5% | 0.5 | 27 |
| Midland County | 2,545 | 1,639 | 46.8 | 19.4% | 0.5 | 23 |
| Shiawassee County | 2,504 | 1,570 | 55.8 | 21.5% | 0.7 | 23 |
| Montcalm County | 2,428 | 1,506 | 61.4 | 22.4% | 0.6 | 24 |
| St. Joseph County | 2,204 | 1,378 | 58.3 | 21.6% | 0.6 | 26 |
| Ionia County | 2,298 | 1,344 | 57.5 | 27.9% | 0.5 | 20 |
| Cass County | 2,022 | 1,237 | 58.3 | 22.4% | 0.6 | 22 |
| Newaygo County | 2,017 | 1,196 | 60.9 | 24.3% | 0.5 | 17 |
| Isabella County | 1,579 | 957 | 38.4 | 22.7% | 0.4 | 13 |
| Marquette County | 1,450 | 942 | 33.3 | 17.7% | 0.4 | 10 |
| Tuscola County | 1,414 | 906 | 42.1 | 20.7% | 0.8 | 15 |
| Mecosta County | 1,436 | 859 | 51.4 | 24.4% | 0.5 | 14 |
| Branch County | 1,459 | 802 | 47.4 | 27.9% | 0.7 | 17 |
| Hillsdale County | 1,294 | 762 | 42.7 | 24.8% | 0.7 | 12 |
| Roscommon County | 1,283 | 757 | 65.4 | 22.7% | 0.7 | 8 |
| Clare County | 1,298 | 749 | 59.8 | 26.1% | 0.7 | 7 |
| Sanilac County | 1,284 | 745 | 42.5 | 26.3% | 0.7 | 12 |
| Emmet County | 1,119 | 672 | 44.2 | 23.4% | 0.4 | 8 |
| Otsego County | 1,029 | 660 | 58.8 | 19.4% | 0.5 | 8 |
| Antrim County | 1,045 | 640 | 57.7 | 20.6% | 0.5 | 6 |
| Leelanau County | 1,009 | 640 | 66.4 | 18.3% | 0.3 | 8 |
| Wexford County | 1,187 | 632 | 46.1 | 26.4% | 0.6 | 14 |
| Gratiot County | 1,061 | 624 | 42.2 | 27.1% | 0.7 | 9 |
| Charlevoix County | 1,072 | 611 | 49.8 | 25.8% | 0.5 | 7 |
| Gladwin County | 1,060 | 606 | 53.7 | 26.9% | 0.7 | 8 |
| Oceana County | 898 | 525 | 50.4 | 25.4% | 0.5 | 8 |
| Benzie County | 781 | 491 | 63.7 | 19.1% | 0.4 | 9 |
| Huron County | 806 | 491 | 34.7 | 25.4% | 0.6 | 8 |
| Mason County | 780 | 491 | 38.4 | 20.0% | 0.6 | 7 |
| Osceola County | 844 | 483 | 51.6 | 26.8% | 0.7 | 6 |
| Iosco County | 833 | 476 | 40.6 | 25.7% | 0.7 | 5 |
| Manistee County | 706 | 455 | 43.1 | 19.2% | 0.6 | 7 |
| Ogemaw County | 773 | 446 | 47.6 | 25.2% | 0.7 | 5 |
| Kalkaska County | 716 | 434 | 55.7 | 22.5% | 0.6 | 4 |
| Houghton County | 655 | 424 | 29.6 | 17.2% | 0.5 | 5 |
| Cheboygan County | 755 | 417 | 37.4 | 27.1% | 0.5 | 5 |
| Chippewa County | 574 | 330 | 23.4 | 23.3% | 0.4 | 6 |
| Alpena County | 566 | 326 | 25.0 | 25.8% | 0.6 | 8 |
| Crawford County | 565 | 323 | 51.8 | 23.1% | 0.7 | 3 |
| Dickinson County | 480 | 286 | 24.0 | 24.5% | 0.4 | 5 |
| Menominee County | 452 | 285 | 27.5 | 19.2% | 0.5 | 5 |
| Lake County | 513 | 284 | 54.7 | 28.8% | 0.6 | 3 |
| Iron County | 420 | 279 | 50.3 | 18.0% | 0.4 | 2 |
| Missaukee County | 494 | 276 | 46.7 | 28.4% | 0.6 | 4 |
| Montmorency County | 435 | 265 | 53.9 | 21.5% | 0.6 | 3 |
| Arenac County | 433 | 255 | 38.9 | 27.3% | 0.7 | 3 |
| Gogebic County | 377 | 230 | 32.9 | 25.5% | 0.6 | 3 |
| Oscoda County | 361 | 213 | 56.2 | 25.3% | 0.7 | 3 |
| Alcona County | 346 | 204 | 38.5 | 22.0% | 0.6 | 3 |
| Delta County | 385 | 199 | 12.5 | 24.2% | 0.6 | 2 |
| Presque Isle County | 280 | 159 | 23.9 | 23.4% | 0.6 | 2 |
| Mackinac County | 234 | 148 | 28.5 | 20.3% | 0.7 | 1 |
| Baraga County | 145 | 96 | 28.0 | 17.6% | 0.5 | 1 |
| Alger County | 136 | 90 | 25.5 | 18.1% | 0.4 | 0 |
| Schoolcraft County | 149 | 89 | 22.9 | 22.0% | 0.5 | 1 |
| Ontonagon County | 135 | 69 | 21.9 | 29.1% | 0.7 | 0 |
| Luce County | 111 | 66 | 26.9 | 21.6% | 0.8 | 1 |
| Keweenaw County | 58 | 42 | 37.0 | 12.2% | 0.8 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Michigan originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Michigan?
By 2024 originations: Rocket Mortgage (19,108), United Wholesale Mortgage (18,328), Lake Michigan Credit Union (10,918), Huntington National Bank (10,884), Fifth Third Bank, National Association (4,686). 412 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Michigan?
23.9% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Michigan changed since 2018?
Originations went from 255,069 in 2018 to 206,123 in 2024; the denial rate moved from 22.3% to 23.9%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.