Michigan Educational mortgage approval rate & lending review
Michigan Educational decided 607 mortgage applications and funded 546 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Michigan Educational reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Michigan Educational at a glance
Approval is 15.9 points above the 74.0% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 89% | 193 / 216 | 100% | $65K | 193 |
| Home improvement loans | 92% | 244 / 264 | 100% | $55K | 244 |
| Refinance | 82% | 80 / 97 | 100% | $95K | 80 |
Michigan Educational lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Michigan | 90% | $65K | 606 | 545 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Michigan Educational lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Wayne County, MI | Home improvement loans | 90% | 115 | 103 |
| Oakland County, MI | Home improvement loans | 94% | 50 | 47 |
| Washtenaw County, MI | Home improvement loans | 95% | 40 | 38 |
| Washtenaw County, MI | Mortgage lenders | 95% | 37 | 35 |
| Wayne County, MI | Refinance | 76% | 38 | 29 |
| Livingston County, MI | Mortgage lenders | 100% | 28 | 28 |
| Livingston County, MI | Home improvement loans | 93% | 30 | 28 |
The county markets where Michigan Educational made the most loans. Each link opens that market with every lender ranked.
Questions about Michigan Educational
What is Michigan Educational's mortgage approval rate?
Michigan Educational approved 90.0% of the 607 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 15.9 points above the 74.0% national rate for the same mix of loan types.
How often do borrowers take the loan Michigan Educational offers?
Borrowers accepted 100% of the loans Michigan Educational approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Michigan Educational make?
The typical home improvement loan loan Michigan Educational made was $55K; across all loan types its typical loan ran from $55K to $95K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Michigan Educational lend?
Michigan Educational decided applications in 2 of the states Fat Boy Data covers, most of them in Michigan and Kentucky.
Can I apply to Michigan Educational directly?
Yes. Michigan Educational is a bank or credit union with 6 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Michigan Educational's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Michigan Educational treats applications, then get a rate quote from the lender.