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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%One lender: 19% approved of 177One lender: 24% approved of 37One lender: 28% approved of 25One lender: 37% approved of 30One lender: 37% approved of 54One lender: 41% approved of 37One lender: 41% approved of 71One lender: 43% approved of 261One lender: 50% approved of 52One lender: 50% approved of 26One lender: 53% approved of 32One lender: 53% approved of 30One lender: 55% approved of 150One lender: 55% approved of 42One lender: 55% approved of 143One lender: 57% approved of 102One lender: 58% approved of 73One lender: 60% approved of 62One lender: 60% approved of 68One lender: 64% approved of 44One lender: 64% approved of 28One lender: 66% approved of 38Rocket Mortgage, LLC: 67% approved of 281One lender: 67% approved of 51One lender: 69% approved of 29One lender: 69% approved of 42One lender: 69% approved of 26One lender: 70% approved of 43One lender: 71% approved of 34United Wholesale Mortgage, LLC: 73% approved of 2,363One lender: 73% approved of 30One lender: 75% approved of 173One lender: 77% approved of 103One lender: 77% approved of 92One lender: 78% approved of 72One lender: 79% approved of 56One lender: 80% approved of 25One lender: 80% approved of 92One lender: 81% approved of 72One lender: 81% approved of 53One lender: 82% approved of 45Loan Funder LLC: 86% approved of 334One lender: 86% approved of 37One lender: 89% approved of 207One lender: 89% approved of 27One lender: 89% approved of 38Bpl Mortgage, LLC: 90% approved of 527One lender: 91% approved of 53One lender: 91% approved of 32One lender: 93% approved of 68One lender: 93% approved of 86One lender: 95% approved of 82One lender: 96% approved of 55One lender: 97% approved of 29One lender: 97% approved of 31One lender: 97% approved of 34One lender: 98% approved of 63One lender: 99% approved of 108Velocity Commercial Capital, LLC: 99% approved of 331One lender: 100% approved of 127

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.

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 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 365 more lenders.

One email unlocks every lender Fat Boy found.

You are seeing the 5 largest investment cash-out refinance 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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