Lender profile · HMDA 2023–2025
Michigan Mutual, Inc. mortgage approval rates & lending data
Michigan Mutual, Inc. decided 10,610 mortgage applications and funded 7,348 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 91% | 6,630 / 7,319 | 80% | $255K | 5,285 |
| Cash-out refinance | 86% | 1,200 / 1,399 | 73% | $235K | 881 |
| Refinance | 87% | 625 / 716 | 70% | $275K | 436 |
| Investment property purchase | 87% | 660 / 761 | 78% | $165K | 518 |
| Investment cash-out refinance | 78% | 242 / 309 | 72% | $155K | 175 |
| Investment refinance | 72% | 76 / 105 | 68% | $255K | 52 |
Michigan Mutual, Inc. lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 92% | $185K | 3,102 | 2,363 |
| Florida | 87% | $315K | 1,464 | 972 |
| California | 88% | $445K | 978 | 636 |
| Texas | 87% | $255K | 720 | 404 |
| Pennsylvania | 91% | $195K | 602 | 431 |
| North Carolina | 92% | $255K | 532 | 382 |
| Arizona | 91% | $375K | 428 | 332 |
| Indiana | 89% | $215K | 324 | 228 |
| Ohio | 88% | $195K | 314 | 211 |
| Maryland | 86% | $225K | 281 | 181 |
| Illinois | 80% | $255K | 255 | 153 |
| Colorado | 81% | $375K | 237 | 133 |
| South Carolina | 88% | $255K | 146 | 101 |
| Georgia | 85% | $315K | 134 | 73 |
| New Jersey | 89% | $355K | 101 | 77 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.