Lender profile · HMDA 2023–2025
Michigan Schools and Government mortgage approval rates & lending data
Michigan Schools and Government decided 7,433 mortgage applications and funded 6,092 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 | 94% | 2,054 / 2,195 | 99% | $275K | 2,028 |
| Home improvement loans | 78% | 1,858 / 2,388 | 97% | $55K | 1,805 |
| Cash-out refinance | 74% | 656 / 889 | 98% | $105K | 640 |
| Refinance | 86% | 1,489 / 1,734 | 97% | $85K | 1,447 |
| Investment property purchase | 88% | 135 / 153 | 100% | $145K | 135 |
| Investment cash-out refinance | 64% | 18 / 28 | 89% | $95K | 16 |
| Investment home improvement | 36% | 9 / 25 | 100% | $85K | 9 |
Michigan Schools and Government lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 84% | $85K | 7,408 | 6,076 |
| Florida | 85% | $345K | 20 | 16 |
| Colorado | 0% | — | 1 | 0 |
| Connecticut | 0% | — | 1 | 0 |
| Illinois | 0% | — | 1 | 0 |
| Nevada | 0% | — | 1 | 0 |
| Washington | 0% | — | 1 | 0 |
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.