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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%Bank of America, National Association: 25% approved of 24Citizens Bank, National Association: 28% approved of 40Fifth Third Bank, National Association: 29% approved of 121Comerica Bank: 40% approved of 45PNC Bank, National Association: 40% approved of 25Lendingone, LLC: 44% approved of 86The Huntington National Bank: 47% approved of 113Lima One Capital, LLC: 59% approved of 56Royal United Mortgage LLC: 59% approved of 59Michigan Schools and Government: 60% approved of 20Flagstar Bank, National Association: 62% approved of 21Temple View Capital Funding, Lp: 65% approved of 20United Wholesale Mortgage, LLC: 68% approved of 371The Dart Bank: 70% approved of 23Newrez LLC: 71% approved of 34Deephaven Mortgage LLC: 71% approved of 45Rocket Mortgage, LLC: 72% approved of 155Lake Michigan Credit Union: 76% approved of 67Cv3 Financial Services, LLC: 76% approved of 34JPMorgan Chase Bank, National Association: 77% approved of 30Ocmbc, Inc.: 77% approved of 22Elga Credit Union: 80% approved of 25Genisys Credit Union: 80% approved of 20American Heritage Lending, LLC: 80% approved of 61Kiavi Funding, Inc.: 82% approved of 1,221Loan Funder LLC: 83% approved of 47Guaranteed Rate, Inc.: 84% approved of 25Adventure Credit Union: 85% approved of 26Horizon Bank: 85% approved of 40Foundation Mortgage Corporation: 86% approved of 21Bpl Mortgage, LLC: 87% approved of 112Mercantile Bank: 88% approved of 24ChoiceOne Bank: 88% approved of 42The Loan Store, Inc.: 89% approved of 71Gold Star Mortgage Financial Group, Corporation: 90% approved of 31Old National Bank: 92% approved of 65First Merchants Bank: 93% approved of 94Corevest American Finance Lender LLC: 94% approved of 31Velocity Commercial Capital, LLC: 96% approved of 27Dominion Financial Services, LLC: 100% approved of 119United Bank of Michigan: 100% approved of 38Rf Renovo Management Company, LLC: 100% approved of 20

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

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 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 292 more lenders.

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Other lending data for Michigan

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Counties in Michigan

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