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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Michigan

Fat Boy Data analyzed home improvement loan 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. 89,055 applications were decided by 323 lenders between 2023 and 2025.

Michigan at a glance

323Active lenders132 with 20+ decisions
67.0%Market approval rate59,675 of 89,055 decided
$55KTypical loanmedian lender, $10K brackets
92%Borrower take-up55,001 loans funded

How Michigan compares

Approval rate compared
Michigan67.0%All 616 counties62.7%
Typical loan compared
Michigan$55KAll 616 counties$75K

What the data shows

The Huntington National Bank made the most home improvement loans in Michigan, 6,603 of them.

Kellogg Community Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 99% of 421.

The typical home improvement loan here is $55K, 27% smaller than the the United States typical of $75K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%One lender: 26% approved of 1,653One lender: 35% approved of 475One lender: 35% approved of 932Bank of America, National Association: 38% approved of 3,776One lender: 44% approved of 2,503One lender: 49% approved of 1,855One lender: 50% approved of 917The Huntington National Bank: 53% approved of 13,183One lender: 54% approved of 1,053One lender: 56% approved of 823One lender: 58% approved of 242Citizens Bank, National Association: 59% approved of 4,385One lender: 60% approved of 165One lender: 61% approved of 413Fifth Third Bank, National Association: 63% approved of 4,712One lender: 64% approved of 1,766One lender: 65% approved of 3,321One lender: 65% approved of 574One lender: 67% approved of 929One lender: 68% approved of 1,398One lender: 69% approved of 627One lender: 69% approved of 417One lender: 69% approved of 2,990One lender: 70% approved of 1,123One lender: 70% approved of 358One lender: 70% approved of 220One lender: 71% approved of 624One lender: 73% approved of 1,236One lender: 75% approved of 1,208One lender: 75% approved of 343One lender: 75% approved of 388One lender: 76% approved of 257One lender: 76% approved of 354One lender: 77% approved of 701One lender: 78% approved of 2,383One lender: 79% approved of 2,795One lender: 80% approved of 387One lender: 80% approved of 725One lender: 80% approved of 455One lender: 80% approved of 357One lender: 82% approved of 3,599One lender: 84% approved of 847One lender: 86% approved of 923One lender: 87% approved of 183Lake Michigan Credit Union: 87% approved of 7,603One lender: 88% approved of 232One lender: 89% approved of 169One lender: 89% approved of 275One lender: 89% approved of 260One lender: 90% approved of 1,246One lender: 91% approved of 190One lender: 92% approved of 264One lender: 93% approved of 209One lender: 93% approved of 378One lender: 94% approved of 317One lender: 95% approved of 884One lender: 96% approved of 228One lender: 98% approved of 1,436One lender: 99% approved of 249One lender: 99% approved of 421

Each dot is one lender, placed at its approval rate. Hover for the sample size; the 5 largest lenders are named, the rest are behind the unlock.

Home improvement loan lenders in Michigan

LenderApprovalApprovedTaken upTypical loanLoans made
1The Huntington National Bank53%6,959 / 13,18395%$75K6,603
2Lake Michigan Credit Union87%6,628 / 7,60394%$55K6,203
3Fifth Third Bank, National Association63%2,979 / 4,71295%$75K2,843
4Citizens Bank, National Association59%2,579 / 4,38595%$85K2,461
5Bank of America, National Association38%1,418 / 3,77698%$65K1,389

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

Fat Boy found 318 more lenders.

One email unlocks every lender Fat Boy found.

You are seeing the 5 largest home improvement loan lenders in Michigan. Unlock the full market: every lender that decided one of these loans here, what they approved, how much borrowers took, and how close the nearest office is.

  • Every lender in the market
  • Approval rate and borrower take-up
  • Typical loan size and range
  • Nearest office and distance
  • Branch count and application options
  • How easy each lender is to reach

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Also active in Michigan

Dfcu FinancialPNC Bank, National AssociationCredit Union OneGenisys Credit UnionComerica BankMichigan Schools and GovernmentMichigan First Credit UnionAdvia Credit UnionDiscover BankCoastal Community BankFigure Lending LLCMICHIGAN STATE UNIVERSITY Federal Credit UnionCommunity ChoiceHonor Credit UnionUnited Federal Credit UnionLake Trust Credit UnionSpring Eq, LLCIndependent BankORSA credit unionFlagstar Bank, National AssociationUniversity of Michigan Credit UnionDort Financial Credit UnionNavy Federal Credit UnionLOC Credit UnionZeal Credit UnionPublic Service Credit UnionRocket Mortgage, LLCChristian Financial Credit UnionU.S. Bank National AssociationTRUE COMMUNITY Credit Union

Other lending data for Michigan

Mortgage lenders in MichiganCash-out refinance in MichiganRefinance in MichiganInvestment property purchase in MichiganInvestment cash-out refinance 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