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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%Discover Bank: 26% approved of 1,653U.S. Bank National Association: 35% approved of 475Spring Eq, LLC: 35% approved of 932Bank of America, National Association: 38% approved of 3,776Comerica Bank: 44% approved of 2,503Michigan First Credit Union: 49% approved of 1,855Flagstar Bank, National Association: 50% approved of 917The Huntington National Bank: 53% approved of 13,183Lake Trust Credit Union: 54% approved of 1,053Navy Federal Credit Union: 56% approved of 823Third Federal Savings And Loan Association Of Cleveland: 58% approved of 242Citizens Bank, National Association: 59% approved of 4,385Diversified Members: 60% approved of 165First Merchants Bank: 61% approved of 413Fifth Third Bank, National Association: 63% approved of 4,712Advia Credit Union: 64% approved of 1,766PNC Bank, National Association: 65% approved of 3,321Christian Financial Credit Union: 65% approved of 574Independent Bank: 67% approved of 929Figure Lending LLC: 68% approved of 1,398Public Service Credit Union: 69% approved of 627Old National Bank: 69% approved of 417Credit Union One: 69% approved of 2,990United Federal Credit Union: 70% approved of 1,123Horizon Bank: 70% approved of 358Macatawa Bank, National Association: 70% approved of 220Rocket Mortgage, LLC: 71% approved of 624Community Choice: 73% approved of 1,236Honor Credit Union: 75% approved of 1,208ChoiceOne Bank: 75% approved of 343Financial Plus Credit Union: 75% approved of 388The Loan Store, Inc.: 76% approved of 257Nationstar Mortgage LLC: 76% approved of 354Zeal Credit Union: 77% approved of 701Michigan Schools and Government: 78% approved of 2,383Genisys Credit Union: 79% approved of 2,795Mercantile Bank: 80% approved of 387LOC Credit Union: 80% approved of 725TRUE COMMUNITY Credit Union: 80% approved of 455JPMorgan Chase Bank, National Association: 80% approved of 357Dfcu Financial: 82% approved of 3,599Dort Financial Credit Union: 84% approved of 847ORSA credit union: 86% approved of 923LAFCU Credit Union: 87% approved of 183Lake Michigan Credit Union: 87% approved of 7,603BIRMINGHAM-BLOOMFIELD Credit Union: 88% approved of 232The Dart Bank: 89% approved of 169Consumers Credit Union: 89% approved of 275The State Bank: 89% approved of 260MICHIGAN STATE UNIVERSITY Federal Credit Union: 90% approved of 1,246American 1 Credit Union: 91% approved of 190Michigan Educational: 92% approved of 264Kalsee Credit Union: 93% approved of 209Monroe Community Credit Union: 93% approved of 378Vibe Credit Union: 94% approved of 317University of Michigan Credit Union: 95% approved of 884Frankenmuth Credit Union: 96% approved of 228Coastal Community Bank: 98% approved of 1,436ADVANTAGE ONE Credit Union: 99% approved of 249Kellogg Community Credit Union: 99% approved of 421

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

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 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 318 more lenders.

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You are seeing the 5 largest home improvement loan 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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Counties in Michigan

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