Michigan Mortgage Lending
859 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 370,616 HMDA-reported mortgage applications in Michigan in 2024, originating 203,987 loans and denying 68,401. That puts the statewide denial rate at 18.5% and the approval (origination) rate at 55.0%. The average loan amount across Michigan was $194,086 at an average note rate of 7.42%. 859 distinct institutions, banks, credit unions, and independent mortgage companies, filed HMDA data covering activity in the state. Applications span 83 counties and 18 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups, for example, White applicants had an approval rate of 62.5% and denial rate of 17.1%; while Black or African American applicants had an approval rate of 43.5% and denial rate of 31.4%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Wayne County, Oakland County, Macomb County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau, a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
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% |
Lending by Race in Michigan
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 239,384 | 62.5% | 17.1% |
| Black or African American | 29,547 | 43.5% | 31.4% |
| Asian | 12,295 | 58.7% | 16.5% |
| Joint | 4,802 | 61.3% | 17.9% |
| American Indian or Alaska Native | 2,030 | 44.6% | 29.7% |
| 2 or more minority races | 919 | 37.2% | 37.4% |
| Native Hawaiian or Other Pacific Islander | 375 | 44.5% | 35.2% |
Counties in Michigan
| 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
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Mortgage Lending Guides
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.
Read our methodology - how this data is sourced, computed, and verified.
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.