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investment property improvement lenders · HMDA 2023–2025

Investment property improvement lenders in Wayne County, Michigan

Fat Boy Data analyzed investment home improvement loan activity in Wayne County, 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. 1,030 applications were decided by 91 lenders between 2023 and 2025.

Wayne County at a glance

91Active lenders14 with 20+ decisions
31.6%Market approval rate325 of 1,030 decided
$85KTypical loanmedian lender, $10K brackets
83%Borrower take-up271 loans funded

How Wayne County compares

Approval rate compared
Wayne County31.6%Michigan46.4%All 616 counties51.2%
Typical loan compared
Wayne County$85KMichigan$75KAll 616 counties$115K

What the data shows

Figure Lending LLC made the most investment home improvement loans in Wayne County, MI, 28 of them.

Rocket Mortgage, LLC approved the highest share of applications among lenders with at least 20 decisions here, 52% of 42.

Lenders approved 31.6% of investment home improvement loan applications in Wayne County, MI, 14.8 percentage points below the Michigan rate of 46.4%.

The typical investment home improvement loan here is $85K, 13% larger than the Michigan typical of $75K.

Only 1 lender here typically writes at or below $35K: Navy Federal Credit Union.

Approval rate of all 14 lenders with 20+ decisions here
0%25%50%75%100%Fifth Third Bank, National Association: 3% approved of 62Bank of America, National Association: 4% approved of 55Citizens Bank, National Association: 5% approved of 56Comerica Bank: 10% approved of 31Navy Federal Credit Union: 11% approved of 90Dfcu Financial: 13% approved of 23PNC Bank, National Association: 20% approved of 40Lendingone, LLC: 20% approved of 40The Huntington National Bank: 27% approved of 101Deephaven Mortgage LLC: 49% approved of 41Rocket Mortgage, LLC: 52% approved of 42The Loan Store, Inc.: 55% approved of 20Figure Lending LLC: 66% approved of 77ORSA credit union: 67% approved of 24

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

Investment property improvement lenders in Wayne County

LenderApprovalApprovedTaken upTypical loanLoans made
1The Huntington National Bank27%27 / 10193%$85K25
2Navy Federal Credit Union11%10 / 90100%$35K10
3Figure Lending LLC66%51 / 7755%$55K28
4Fifth Third Bank, National Association3%2 / 62100%$55K2
5Citizens Bank, National Association5%3 / 56100%$55K3

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 86 more lenders.

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