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investment property improvement lenders · HMDA 2023–2025

Investment property improvement lenders in Michigan

Fat Boy Data analyzed investment 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. 3,277 applications were decided by 193 lenders between 2023 and 2025.

Michigan at a glance

193Active lenders33 with 20+ decisions
46.4%Market approval rate1,520 of 3,277 decided
$75KTypical loanmedian lender, $10K brackets
91%Borrower take-up1,376 loans funded

How Michigan compares

Approval rate compared
Michigan46.4%All 616 counties51.2%
Typical loan compared
Michigan$75KAll 616 counties$115K

What the data shows

Adventure Credit Union made the most investment home improvement loans in Michigan, 242 of them.

Adventure Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 243.

The typical investment home improvement loan here is $75K, 35% smaller than the the United States typical of $115K.

Only 1 lender here typically writes at or below $35K: Dfcu Financial.

Approval rate of all 33 lenders with 20+ decisions here
0%25%50%75%100%U.S. Bank National Association: 11% approved of 38Bank of America, National Association: 11% approved of 122Fifth Third Bank, National Association: 16% approved of 237Citizens Bank, National Association: 17% approved of 111Spring Eq, LLC: 17% approved of 46Credit Union One: 17% approved of 23Lendingone, LLC: 17% approved of 63Navy Federal Credit Union: 18% approved of 146Comerica Bank: 19% approved of 63Genisys Credit Union: 20% approved of 45Advia Credit Union: 21% approved of 33Dfcu Financial: 26% approved of 42The Huntington National Bank: 28% approved of 391PNC Bank, National Association: 31% approved of 108Old National Bank: 35% approved of 20Michigan Schools and Government: 36% approved of 25MICHIGAN STATE UNIVERSITY Federal Credit Union: 41% approved of 29Independent Bank: 43% approved of 35Kind Lending, LLC: 47% approved of 32JPMorgan Chase Bank, National Association: 52% approved of 48Lake Michigan Credit Union: 57% approved of 127Honor Credit Union: 58% approved of 103Deephaven Mortgage LLC: 59% approved of 91Rocket Mortgage, LLC: 62% approved of 94The Loan Store, Inc.: 63% approved of 54ORSA credit union: 64% approved of 39United Federal Credit Union: 64% approved of 28Figure Lending LLC: 67% approved of 159Homebridge Financial Services, Inc.: 82% approved of 45Rpe Home Inc.: 83% approved of 30Coastal Community Bank: 92% approved of 24University of Michigan Credit Union: 96% approved of 24Adventure Credit Union: 100% approved of 243

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

Investment property improvement lenders in Michigan

LenderApprovalApprovedTaken upTypical loanLoans made
1The Huntington National Bank28%111 / 39196%$85K106
2Adventure Credit Union100%243 / 243100%$55K242
3Fifth Third Bank, National Association16%38 / 23797%$85K37
4Figure Lending LLC67%107 / 15961%$55K65
5Navy Federal Credit Union18%26 / 146100%$45K26

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 188 more lenders.

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Other lending data for Michigan

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Counties in Michigan

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