MI · Statewide HMDA 2024

Michigan mortgage lending

According to the CFPB HMDA 2024 Snapshot, 859 reporting lenders · 83 counties · 17 metros.

Volume rank is not origination-share rank

According to the CFPB HMDA 2024 Snapshot, Michigan ranks #10 of 54 by application volume but #18 of 52 states with 10,000+ applications on origination share (55.0%). Wisconsin leads that origination-share board at 64.0% on 214,597 applications. Volume rank is not origination-share rank.

#18
Origination-share rank of 52
55.0%
Origination share
204,020
Originated
18.4%
Denial rate

According to the CFPB HMDA 2024 Snapshot. Origination share is originated divided by applications among states and territories with 10,000+ applications (the same floor as the national denial board). See /methodology#corpus-placement. Informational reporting, not mortgage advice.

CFPB HMDA state filing plate

State MI · Michigan 18.4% denial

VOL-HEAVY · DEN-MID · PHOTO-FINISH · ORIG-LOW · BOOK-FULL · LEAD-MIX

  • VOL-HEAVY #10/54
  • DEN-MID 18.4%
  • PHOTO-FINISH Pennsylvania
  • ORIG-LOW 55.0%
  • BOOK-FULL 859 lenders
  • LEAD-MIX 9% top

Photo-finish peer: Pennsylvania · 18.4% denial (+0.0pp vs Michigan)

2024 HMDA Snapshot state sheet, volume rank, denial band, origination share, and reporter book. Informational reporting only.

Denial-rate neighbourhood · Michigan

Poles and nearest peers by statewide HMDA denial rate, not a full state roster.

Denial band
Hawaii · highest22.4%Kentucky · near18.6%Georgia · near18.5%Michigan · this state18.4%Pennsylvania · near18.4%New Mexico · near18.2%Guam · lowest7.6%

Nationwide states with similar HMDA denial rate or application volume

Two statewide peer sets for Michigan: nearest jurisdictions by denial rate and by mortgage applications filed. These are cross-state neighborhoods, distinct from the denial-band chart above.

Top lenders by originations · Michigan

Funded loans among HMDA-reporting institutions active in this state.

State market
1. Rocket Mortgage19K2. United Wholesale Mortgage18K3. Lake Michigan Credit Union11K4. Huntington National Bank11K5. Fifth Third Bank, Nationa…5K6. Flagstar Bank NA4K7. Union Home Mortgage Corp.3K8. Mortgage 1 Incorporated3K

Where Michigan sits by application volume

2024 CFPB HMDA states and territories, bucketed by mortgage applications filed

370,726 Top 19% higher than 81% of 54 states and territories

This state 0 1,200,000 states and territories, grouped by applications

Each bar is a 150,000-applications band. The dashed line and filled bar mark this state. Hover, tap, or focus a bar for its count and population share.

Source CFPB Home Mortgage Disclosure Act Snapshot National Loan-Level Dataset · 2024 reporting year

Top counties by originations · Michigan

In-state county volume from the same HMDA county board linked below.

County mix
1. Wayne County30K2. Oakland County28K3. Macomb County19K4. Kent County14K5. Genesee County8K6. Ottawa County7K7. Washtenaw County6K8. Kalamazoo County6K

How to read this state sheet. Michigan filed 370,726 HMDA-reported applications in 2024 (#10 of 54 by volume) with a 18.4% denial rate - near the national 17.2% baseline. White applicants (239,465 apps) show 17.1% denial; Black or African American applicants (29,552 apps) show 31.4% denial - rates on groups below 100 applications are marked too small to read. This page is informational data reporting, not financial, legal, or mortgage advice.

Nearby Lenders in Michigan

Top HMDA-reporting lenders active in Michigan. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 19,108 9.4%
2 United Wholesale Mortgage 18,328 9.0%
3 Lake Michigan Credit Union 10,918 5.4%
4 Huntington National Bank 10,884 5.3%
5 Fifth Third Bank, National Association 4,686 2.3%

Reported outcomes by applicant race in Michigan

CFPB derived race categories. HMDA carries no credit score, debt-to-income ratio or down payment, so a gap between these rows is an outcome difference and never, on its own, evidence of discrimination.

Race Applications Approval Rate Denial Rate
White 239,465 62.5% 17.1%
Black or African American 29,552 43.5% 31.4%
Asian 12,296 58.7% 16.5%
Joint 4,804 61.2% 17.9%
American Indian or Alaska Native 2,031 44.6% 29.6%
2 or more minority races 919 37.2% 37.4%
Native Hawaiian or Other Pacific Islander 375 44.5% 35.2%

Every county in Michigan, by lending volume

County totals sum the filings geocoded to that county, so they reconcile to the state row above rather than to any single lender's book.

County Applications Originated Denial Rate Avg Loan
Wayne County 59,504 30,332 22.4% $164,738
Oakland County 49,364 28,127 16.5% $260,762
Macomb County 34,770 19,337 18.9% $187,623
Kent County 24,591 14,394 16.7% $212,417
Genesee County 14,974 7,824 17.8% $151,433
Ottawa County 11,355 6,992 16.2% $225,536
Washtenaw County 11,304 6,217 17.2% $312,630
Kalamazoo County 9,802 5,770 17.4% $190,513
Livingston County 8,518 4,912 16.4% $227,738
Ingham County 8,493 4,831 18.6% $173,414
Muskegon County 7,443 4,200 17.3% $164,378
St. Clair County 6,978 3,864 19.2% $157,516
Berrien County 6,626 3,644 19.8% $192,830
Monroe County 6,429 3,513 19.4% $166,355
Jackson County 6,208 3,346 19.0% $160,174
Saginaw County 5,632 3,154 17.0% $143,983
Allegan County 5,270 2,975 19.9% $204,715
Calhoun County 5,226 2,789 20.4% $141,016
Eaton County 3,941 2,191 19.1% $170,570
Lenawee County 3,621 1,975 18.6% $153,757
Grand Traverse County 3,615 2,132 16.8% $271,849
Lapeer County 3,610 1,991 17.5% $182,086
Bay County 3,307 1,967 15.3% $129,799
Van Buren County 3,098 1,770 18.4% $186,914
Barry County 2,918 1,617 20.2% $177,563
Shiawassee County 2,782 1,569 16.1% $144,558
Clinton County 2,764 1,676 16.2% $192,663
Midland County 2,746 1,636 14.9% $172,320
Montcalm County 2,591 1,455 17.0% $157,304
Ionia County 2,400 1,304 22.5% $156,954
St. Joseph County 2,323 1,360 17.2% $150,751
Cass County 2,130 1,231 17.5% $188,671
Newaygo County 2,091 1,152 18.5% $162,384
Isabella County 1,672 952 17.6% $149,408
Tuscola County 1,570 904 15.7% $136,516
Marquette County 1,537 940 13.9% $180,511
Branch County 1,528 794 21.7% $148,449
Mecosta County 1,480 828 19.5% $170,446
Clare County 1,377 746 20.0% $122,429
Roscommon County 1,370 754 16.9% $151,314
Sanilac County 1,367 745 20.8% $148,446
Hillsdale County 1,353 762 19.5% $148,799
Wexford County 1,241 623 19.6% $158,199
Emmet County 1,164 675 18.0% $319,296
Gratiot County 1,150 623 20.9% $131,661
Gladwin County 1,111 606 20.8% $145,351
Charlevoix County 1,106 607 20.1% $269,675
Antrim County 1,080 635 16.1% $247,120
Otsego County 1,079 659 15.4% $172,006
Leelanau County 1,018 617 14.6% $361,935
Oceana County 902 485 20.3% $193,825
Iosco County 892 476 19.2% $139,518
Osceola County 879 477 20.7% $142,235
Huron County 836 489 20.7% $139,510
Ogemaw County 829 444 18.8% $136,556
Benzie County 797 485 14.9% $227,735
Cheboygan County 796 414 20.5% $181,972
Kalkaska County 748 426 17.6% $188,289
Manistee County 724 428 15.2% $188,149
Mason County 700 396 16.6% $194,057
Houghton County 698 424 13.3% $177,966
Chippewa County 629 329 16.4% $155,223
Crawford County 599 321 17.0% $148,489
Alpena County 598 326 20.1% $137,575
Lake County 528 273 22.9% $139,905
Dickinson County 522 285 18.4% $154,195
Missaukee County 521 275 21.9% $159,338
Menominee County 501 285 14.8% $134,301
Arenac County 457 253 21.4% $155,635
Montmorency County 451 265 17.3% $143,914
Iron County 440 279 14.6% $103,182
Delta County 419 199 17.2% $164,427
Gogebic County 405 230 20.3% $137,000
Oscoda County 379 212 19.5% $125,158
Alcona County 376 204 16.2% $174,229
Presque Isle County 292 158 17.5% $167,432
Mackinac County 241 146 16.2% $227,490
Schoolcraft County 160 89 16.3% $147,063
Baraga County 157 95 13.4% $148,503
Alger County 144 90 14.6% $182,292
Ontonagon County 143 69 21.0% $126,748
Luce County 113 66 16.8% $148,097
Keweenaw County 61 42 9.8% $155,328

Metro Areas in Michigan

Frequently Asked Questions

How many mortgage applications were filed in Michigan?
In the 2024 HMDA reporting year, 370,726 mortgage applications were filed in Michigan. Of these, 204,020 were originated (approved and funded), while 68,406 were denied, resulting in a denial rate of 18.4%.
Where does Michigan sit among U.S. states for mortgage volume?
According to CFPB HMDA 2024 application volume across U.S. states and territories, Michigan ranks #10 of 54. On origination share (originated divided by applications, 10,000-application floor) it ranks #18 of 52 at 55.0%. The /states hub sorts by application volume for this ranking basis. See /methodology#corpus-placement.
What is the mortgage denial rate in Michigan?
The mortgage denial rate in Michigan is 18.4%, meaning 18.4% of all applications were denied by lenders. The approval (origination) rate is 55.0%.
What is the average mortgage loan amount in Michigan?
The average mortgage loan amount in Michigan is $194,093. The average interest rate across all loan types is 7.423%.
How many mortgage lenders operate in Michigan?
859 mortgage lenders reported HMDA data for Michigan. These include banks, credit unions, and independent mortgage companies that filed lending activity for this state.
How do mortgage denial rates vary by demographics in Michigan?
Michigan reports demographic lending data under HMDA. White applicants (239,465 applications) have an approval rate of 62.5% and denial rate of 17.1%; Black or African American applicants (29,552 applications) have an approval rate of 43.5% and denial rate of 31.4%; Asian applicants (12,296 applications) have an approval rate of 58.7% and denial rate of 16.5%. These figures reflect derived race categories as reported by applicants, and cover only groups with at least 100 applications, since a rate computed on a handful of applications is not readable.
Which counties in Michigan have the most mortgage activity?
The top counties by mortgage volume in Michigan are Wayne County (30,332 originations), Oakland County (28,127 originations), Macomb County (19,337 originations). There are 83 counties with HMDA mortgage data in the state.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.