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investment property refinance lenders · HMDA 2023–2025

Investment property refinance lenders in Michigan

Fat Boy Data analyzed investment property 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. 4,668 applications were decided by 297 lenders between 2023 and 2025.

Michigan at a glance

297Active lenders42 with 20+ decisions
74.5%Market approval rate3,478 of 4,668 decided
$115KTypical loanmedian lender, $10K brackets
93%Borrower take-up3,228 loans funded

How Michigan compares

Approval rate compared
Michigan74.5%All 616 counties77.7%
Typical loan compared
Michigan$115KAll 616 counties$235K

What the data shows

Kiavi Funding, Inc. made the most investment property refinances in Michigan, 977 of them.

That is 30% of every investment property refinance originated here, so this market is unusually concentrated in one lender.

United Bank of Michigan approved the highest share of applications among lenders with at least 20 decisions here, 100% of 38.

The typical investment property refinance here is $115K, 51% smaller than the the United States typical of $235K.

Approval rate of all 42 lenders with 20+ decisions here
0%25%50%75%100%One lender: 25% approved of 24One lender: 28% approved of 40Fifth Third Bank, National Association: 29% approved of 121One lender: 40% approved of 45One lender: 40% approved of 25One lender: 44% approved of 86One lender: 47% approved of 113One lender: 59% approved of 56One lender: 59% approved of 59One lender: 60% approved of 20One lender: 62% approved of 21One lender: 65% approved of 20United Wholesale Mortgage, LLC: 68% approved of 371One lender: 70% approved of 23One lender: 71% approved of 34One lender: 71% approved of 45Rocket Mortgage, LLC: 72% approved of 155One lender: 76% approved of 67One lender: 76% approved of 34One lender: 77% approved of 30One lender: 77% approved of 22One lender: 80% approved of 25One lender: 80% approved of 20One lender: 80% approved of 61Kiavi Funding, Inc.: 82% approved of 1,221One lender: 83% approved of 47One lender: 84% approved of 25One lender: 85% approved of 26One lender: 85% approved of 40One lender: 86% approved of 21One lender: 87% approved of 112One lender: 88% approved of 24One lender: 88% approved of 42One lender: 89% approved of 71One lender: 90% approved of 31One lender: 92% approved of 65One lender: 93% approved of 94One lender: 94% approved of 31One lender: 96% approved of 27Dominion Financial Services, LLC: 100% approved of 119One lender: 100% approved of 38One lender: 100% approved of 20

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 refinance lenders in Michigan

LenderApprovalApprovedTaken upTypical loanLoans made
1Kiavi Funding, Inc.82%1,000 / 1,22198%$105K977
2United Wholesale Mortgage, LLCBroker only68%252 / 37198%$115K247
3Rocket Mortgage, LLC72%111 / 15598%$155K109
4Fifth Third Bank, National Association29%35 / 12197%$195K34
5Dominion Financial Services, LLCBroker only100%119 / 11950%$125K59

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 292 more lenders.

One email unlocks every lender Fat Boy found.

You are seeing the 5 largest investment property 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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Counties in Michigan