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investment property cash-out lenders · HMDA 2023–2025

Investment property cash-out lenders in Michigan

Fat Boy Data analyzed investment cash-out refinance activity in Michigan to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 9,031 applications were decided by 370 lenders between 2023 and 2025.

Michigan at a glance

370Active lenders71 with 20+ decisions
73.3%Market approval rate6,619 of 9,031 decided
$105KTypical loanmedian lender, $10K brackets
93%Borrower take-up6,182 loans funded

How Michigan compares

Approval rate compared
Michigan73.3%All 616 counties73.1%
Typical loan compared
Michigan$105KAll 616 counties$205K

What the data shows

Bpl Mortgage, LLC made the most investment cash-out refinances in Michigan, 421 of them.

Velocity Commercial Capital, LLC approved the highest share of applications among lenders with at least 20 decisions here, 99% of 331.

The typical investment cash-out refinance here is $105K, 49% smaller than the the United States typical of $205K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Amerisave Mortgage Corporation: 19% approved of 177Beeline Loans, Inc.: 24% approved of 37American Financing Corporation: 28% approved of 25Loandepot.Com, LLC: 37% approved of 30Hometown Equity Mortgage, LLC: 37% approved of 54Michigan First Credit Union: 41% approved of 37MICHIGAN STATE UNIVERSITY Federal Credit Union: 41% approved of 71Lendingone, LLC: 43% approved of 261Flagstar Bank, National Association: 50% approved of 52New American Funding, LLC: 50% approved of 26Plaza Home Mortgage, Inc.: 53% approved of 32Credit Union One: 53% approved of 30Newrez LLC: 55% approved of 150Honor Credit Union: 55% approved of 42Homexpress Mortgage Corp.: 55% approved of 143The Huntington National Bank: 57% approved of 102Carrington Mortgage Services, LLC: 58% approved of 73Neighborhood Loans, Inc.: 60% approved of 62JPMorgan Chase Bank, National Association: 60% approved of 68Champions Funding, LLC: 64% approved of 44Michigan Schools and Government: 64% approved of 28Abl Rpc Residential Credit Acquisition LLC: 66% approved of 38Rocket Mortgage, LLC: 67% approved of 281Deephaven Mortgage LLC: 67% approved of 51ORSA credit union: 69% approved of 29Union Home Mortgage Corp.: 69% approved of 42Pennymac Loan Services, LLC: 69% approved of 26Vibe Credit Union: 70% approved of 43Fifth Third Bank, National Association: 71% approved of 34United Wholesale Mortgage, LLC: 73% approved of 2,363Nationstar Mortgage LLC: 73% approved of 30Lima One Capital, LLC: 75% approved of 173Ocmbc, Inc.: 77% approved of 103The Loan Store, Inc.: 77% approved of 92Michigan Mutual, Inc.: 78% approved of 72Nexera Holding LLC: 79% approved of 56Primelending, A Plainscapital Company: 80% approved of 25Genisys Credit Union: 80% approved of 92Northpointe Bank: 81% approved of 72Guaranteed Rate, Inc.: 81% approved of 53Angel Oak Mortgage Solutions LLC: 82% approved of 45Loan Funder LLC: 86% approved of 334Cmg Mortgage, Inc.: 86% approved of 37American Heritage Lending, LLC: 89% approved of 207First Merchants Bank: 89% approved of 27Lake Michigan Credit Union: 89% approved of 38Bpl Mortgage, LLC: 90% approved of 527Amwest Funding Corp.: 91% approved of 53ChoiceOne Bank: 91% approved of 32Staunton Financial, Inc.: 93% approved of 68Constructive Loans, LLC: 93% approved of 86Mortgage 1 Incorporated: 95% approved of 82Citadel Servicing Corporation: 96% approved of 55Consumers Credit Union: 97% approved of 29Kellogg Community Credit Union: 97% approved of 31Frankenmuth Credit Union: 97% approved of 34Gold Star Mortgage Financial Group, Corporation: 98% approved of 63Rf Renovo Management Company, LLC: 99% approved of 108Velocity Commercial Capital, LLC: 99% approved of 331Dominion Financial Services, LLC: 100% approved of 127

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Investment property cash-out lenders in Michigan

LenderApprovalApprovedTaken upTypical loanLoans made
1United Wholesale Mortgage, LLCBroker only73%1,714 / 2,36399%$95K1,696
2Bpl Mortgage, LLC90%472 / 52789%$85K421
3Loan Funder LLC86%286 / 334100%$135K285
4Velocity Commercial Capital, LLC99%328 / 33198%$105K322
5Rocket Mortgage, LLC67%187 / 28197%$155K182

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 365 more lenders.

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You are seeing the 5 largest investment cash-out refinance lenders in Michigan. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Michigan

Mortgage lenders in MichiganHome improvement loans in MichiganCash-out refinance in MichiganRefinance in MichiganInvestment property purchase in MichiganInvestment refinance in MichiganInvestment home improvement in Michigan

Counties in Michigan

Wayne CountyCountyOakland CountyCountyMacomb CountyCountyKent CountyCountyGenesee CountyCountyWashtenaw CountyCountyOttawa CountyCountyIngham CountyCountyKalamazoo CountyCountyLivingston CountyCountySaginaw CountyCountyMuskegon CountyCounty