Lender in Michigan · HMDA 2025
First Merchants Bank mortgages in Michigan
First Merchants Bank's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
First Merchants Bank originated 1,050 owner-occupied single-family loans in Michigan from 1,115 completed applications, making it the state's #24 lender by volume.
Its median conventional purchase loan costs were $4,100 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.50% (Michigan: 6.625%).
Loans in MI
1,050
of 1,115 applications
Denial rate
5.1%
Purchase · MI 7.8%
Rate spread
+0.09 pts
Conv. · MI +0.23 pts
Loan amount
$295,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 914 | 861 | 5.1% | 6.500% | +0.09 pts | $4,100 | $295,000 |
| Refinance | 158 | 150 | 3.8% | 6.500% | +0.13 pts | $3,010 | $395,000 |
| Cash-out refinance | 43 | 39 | 9.3% | 6.750% | +0.18 pts | $3,120 | $215,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where First Merchants Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Oakland County | 6 | 451 | 2.4% |
| Washtenaw County | 7 | 131 | 3.1% |
| Monroe County | 9 | 45 | 1.9% |
| Alger County | 9 | 2 | 4.2% |
| Wayne County | 19 | 192 | 1.0% |
| Livingston County | 22 | 29 | 0.9% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology