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investment property lenders · HMDA 2023–2025

Investment property lenders in Michigan

Fat Boy Data analyzed investment property mortgage 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. 23,071 applications were decided by 619 lenders between 2023 and 2025.

Michigan at a glance

619Active lenders151 with 20+ decisions
86.0%Market approval rate19,841 of 23,071 decided
$135KTypical loanmedian lender, $10K brackets
96%Borrower take-up18,955 loans funded

How Michigan compares

Approval rate compared
Michigan86.0%All 616 counties87.5%
Typical loan compared
Michigan$135KAll 616 counties$255K

What the data shows

Kiavi Funding, Inc. made the most investment property mortgages in Michigan, 1,687 of them.

Consumers Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 179.

The typical investment property mortgage here is $135K, 47% smaller than the the United States typical of $255K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Lendingone, LLC: 20% approved of 350Rpe Home Inc.: 41% approved of 141Navy Federal Credit Union: 53% approved of 97Triad Financial Services, Inc.: 54% approved of 108Kind Lending, LLC: 62% approved of 84Citizens Bank, National Association: 67% approved of 113Deephaven Mortgage LLC: 68% approved of 99Fifth Third Bank, National Association: 72% approved of 186Bank of America, National Association: 74% approved of 14921St Mortgage Corporation: 74% approved of 528Loan Funder LLC: 74% approved of 477Ocmbc, Inc.: 76% approved of 101U.S. Bank National Association: 77% approved of 105Flagstar Bank, National Association: 78% approved of 515Nexera Holding LLC: 82% approved of 80Uif Corporation: 84% approved of 131Cv3 Financial Services, LLC: 84% approved of 182American Heritage Lending, LLC: 85% approved of 131Neighborhood Loans, Inc.: 85% approved of 129United Wholesale Mortgage, LLC: 86% approved of 3,756Northpointe Bank: 86% approved of 93Old National Bank: 86% approved of 79Lima One Capital, LLC: 86% approved of 161Honor Credit Union: 87% approved of 119Bpl Mortgage, LLC: 87% approved of 448Rocket Mortgage, LLC: 87% approved of 1,150Pennymac Loan Services, LLC: 87% approved of 91JPMorgan Chase Bank, National Association: 87% approved of 441Mercantile Bank: 87% approved of 102The Huntington National Bank: 88% approved of 369Newrez LLC: 88% approved of 183Michigan Schools and Government: 88% approved of 150Kiavi Funding, Inc.: 88% approved of 1,987Genisys Credit Union: 88% approved of 154Michigan Mutual, Inc.: 89% approved of 131ChoiceOne Bank: 90% approved of 77United Bank of Michigan: 90% approved of 79First State Bank: 92% approved of 83Primelending, A Plainscapital Company: 92% approved of 87The Loan Store, Inc.: 92% approved of 371Independent Bank: 93% approved of 242Mortgage 1 Incorporated: 93% approved of 226Staunton Financial, Inc.: 93% approved of 258Amwest Funding Corp.: 93% approved of 91Lake Michigan Credit Union: 93% approved of 629MICHIGAN STATE UNIVERSITY Federal Credit Union: 94% approved of 126Guaranteed Rate, Inc.: 94% approved of 230First Merchants Bank: 94% approved of 183The Dart Bank: 94% approved of 215Movement Mortgage, LLC: 95% approved of 80Union Home Mortgage Corp.: 96% approved of 180County National Bank: 96% approved of 78Crosscountry Mortgage, LLC: 96% approved of 213Gold Star Mortgage Financial Group, Corporation: 97% approved of 150Greenstone Farm Credit Services, Flca: 97% approved of 103Oak Mortgage, LLC: 98% approved of 101Consumers Credit Union: 100% approved of 179Dominion Financial Services, LLC: 100% approved of 158Superior National Bank: 100% approved of 88Velocity Commercial Capital, LLC: 100% approved of 86

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

Investment property lenders in Michigan

LenderApprovalApprovedTaken upTypical loanLoans made
1United Wholesale Mortgage, LLCBroker only86%3,228 / 3,75698%$125K3,178
2Kiavi Funding, Inc.88%1,752 / 1,98796%$135K1,687
3Rocket Mortgage, LLC87%998 / 1,15099%$135K985
4Lake Michigan Credit Union93%588 / 62998%$205K579
521St Mortgage Corporation74%392 / 52890%$65K352

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 614 more lenders.

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Other lending data for Michigan

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Counties in Michigan

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