Michigan Mortgage Lending in 2025
Explore residential mortgage lending activity in Michigan using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 172,159 actionable applications (Actions 1, 2, and 3).
How Michigan Compares
Key metrics: Michigan vs. U.S. (2025)
| Metric | Michigan | U.S. |
|---|---|---|
| Actionable Apps | 172,159 | 5,197,320 |
| Approval Rate | 81.20% | 82.12% |
| Denial Rate | 18.80% | 17.88% |
| Originations | 133,144 | 4,052,301 |
| Originated Volume | $36.05 Billion | $1.58 Trillion |
| Median Loan | $235,000 | $325,000 |
Lending Trends in Michigan
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 192,623 | 214,598 | +11.41% |
| Actionable Apps | 155,845 | 172,159 | +10.47% |
| Originations | 120,532 | 133,144 | +10.46% |
| Approval Rate | 81.26% | 81.20% | -0.06 pp |
| Denial Rate | 18.74% | 18.80% | +0.06 pp |
| Median Loan | $215,000 | $235,000 | +9.30% |
| Dollar Volume | $30.67 Billion | $36.05 Billion | +17.54% |
Applications by Borrower Income (Michigan)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 33,245 | 88.63% | 11.37% |
| $150k+ | 30,792 | 92.49% | 7.51% |
| $50k–$99,999 | 69,990 | 81.58% | 18.42% |
| <$50k | 29,517 | 59.47% | 40.53% |
| Income unavailable/entity | 8,615 | 83.47% | 16.53% |
Metropolitan Areas in Michigan
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Warren-Troy-Farmington Hills | 49,762 | 39,654 | 83.25% |
| Detroit-Dearborn-Livonia | 26,292 | 19,247 | 77.16% |
| Grand Rapids-Wyoming-Kentwood | 21,144 | 16,544 | 82.32% |
| Lansing-East Lansing | 7,864 | 6,174 | 82.07% |
| Flint | 7,159 | 5,654 | 82.68% |
| Ann Arbor | 5,528 | 4,234 | 82.34% |
| South Bend-Mishawaka | 5,432 | 4,302 | 83.52% |
| Kalamazoo-Portage | 4,262 | 3,378 | 82.78% |
| Muskegon-Norton Shores | 3,824 | 3,003 | 82.79% |
| Monroe | 3,244 | 2,479 | 80.06% |
| Saginaw | 2,779 | 2,195 | 81.79% |
| Jackson | 2,749 | 2,137 | 82.32% |
| Niles | 2,601 | 1,913 | 77.97% |
| Battle Creek | 2,589 | 1,897 | 77.48% |
| Traverse City | 2,569 | 1,980 | 80.81% |
| Bay City | 1,661 | 1,324 | 83.38% |
| Midland | 1,388 | 1,159 | 86.02% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Michigan (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 18,872 | 87.89% |
| 2 | ROCKET MORTGAGE | 16,203 | 81.97% |
| 3 | Lake Michigan Credit Union | 7,117 | 96.83% |
| 4 | UNION HOME MORTGAGE CORP. | 3,304 | 96.67% |
| 5 | Mortgage 1 Incorporated | 3,185 | 97.93% |
| 6 | Huntington National Bank | 3,032 | 84.81% |
| 7 | Staunton Financial Inc | 2,304 | 95.58% |
| 8 | Mortgage Research Center | 2,299 | 71.35% |
| 9 | JPMorgan Chase Bank, NA | 2,238 | 87.45% |
| 10 | CROSSCOUNTRY MORTGAGE, LLC | 2,031 | 95.98% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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