PlainLender

UNIVERSITY BANK

ANN ARBOR, MI

UNIVERSITY BANK processed 2,429 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,921 loans with a 3.6% denial rate. Home Purchase was the primary loan purpose. Based in ANN ARBOR, MI. The approval rate of 79.1% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. UNIVERSITY BANK processed 2,429 HMDA-reported mortgage applications in 2024, originating 1,921 loans and denying 87 for a denial rate of 3.6% (applicants themselves withdrew 372 files before a decision). The average loan amount was $310,937 at a 6.573% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300IFOE4SCP384147 from ANN ARBOR, MI.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. UNIVERSITY BANK's 79.1% origination rate tells you how often an application turned into funded money; the 3.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,443 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,429
Applications
1,921
Originated
3.6%
Denial Rate
$310,937
Avg Loan Amount
Avg Interest Rate: 6.573% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,443 1,128 38 $316,261
FHA 522 405 37 $257,126
VA 403 341 10 $379,367
USDA 61 47 2 $193,361

Top loan types — UNIVERSITY BANK

Top loan types — UNIVERSITY BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — UNIVERSITY BANK Top 4 1. Conventional 1,443 2. FHA 522 3. VA 403 4. USDA 61 Top 5 loan types by application volume at UNIVERSITY BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for UNIVERSITY BANK (LEI: 549300IFOE4SCP384147) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
16
Credit history
10
Other
8
Collateral
6
Insufficient cash
2
Unverifiable information
2
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,882 1,532 $303,852
Refinancing 355 259 $409,732
Other 89 61 $203,427
Home Improvement 53 40 $94,811
Cash-out Refinancing 50 29 $296,600

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,761 81.5% 2.9%
Black or African American 223 76.7% 8.5%
Asian 125 78.4% 3.2%
Joint 59 79.7% 5.1%
2 or more minority races 13 61.5% 15.4%
American Indian or Alaska Native 13 92.3% 0.0%
Native Hawaiian or Other Pacific Islander 10 60.0% 20.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,956 81.4% 3.3%
Hispanic or Latino 156 71.8% 6.4%
Joint 93 73.1% 7.5%

Nearby Lenders in MI

Other HMDA-reporting lenders in MI with similar activity. Compare any two side-by-side.

ROCKET MORTGAGE

DETROIT, MI

553,854 apps 361,071 originated 14.9% denied

United Wholesale Mortgage

Pontiac, MI

493,978 apps 366,078 originated 11.7% denied

Flagstar Bank NA

Troy, MI

67,778 apps 29,443 originated 18.5% denied

Lake Michigan Credit Union

Grand Rapids, MI

16,222 apps 12,245 originated 8.3% denied

Northpointe Bank

Grand Rapids, MI

9,882 apps 5,580 originated 5.5% denied
Compare UNIVERSITY BANK vs ROCKET MORTGAGE →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did UNIVERSITY BANK process?
UNIVERSITY BANK processed 2,429 mortgage applications in the 2023 HMDA reporting year. Of these, 1,921 were originated (approved and funded), 372 were withdrawn by the applicant, and 87 were denied.
What is UNIVERSITY BANK's mortgage approval rate?
UNIVERSITY BANK has an approval (origination) rate of 79.1%, meaning 79.1% of all applications resulted in a funded mortgage. The denial rate is 3.6%.
What is the average loan amount at UNIVERSITY BANK?
The average mortgage loan amount at UNIVERSITY BANK is $310,937. The average interest rate is 6.573%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at UNIVERSITY BANK?
The most common reasons for mortgage denial at UNIVERSITY BANK are: Debt-to-income ratio, Credit history, Other. In total, 87 applications were denied out of 2,429 total applications.
What types of mortgage loans does UNIVERSITY BANK offer?
UNIVERSITY BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,443 applications and an average loan amount of $316,261.
What loan purposes does UNIVERSITY BANK serve?
UNIVERSITY BANK serves the following loan purposes: Home Purchase (1,882 applications), Refinancing (355 applications), Other (89 applications), Home Improvement (53 applications), Cash-out Refinancing (50 applications). Home Purchase is the most common purpose.
Where is UNIVERSITY BANK located?
UNIVERSITY BANK is headquartered in ANN ARBOR, MI. The lender is identified by LEI 549300IFOE4SCP384147 in HMDA data.
How does UNIVERSITY BANK compare in lending across racial demographics?
UNIVERSITY BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 81.5% and denial rate of 2.9%; Black or African American applicants have an approval rate of 76.7% and denial rate of 8.5%; Asian applicants have an approval rate of 78.4% and denial rate of 3.2%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.