Mortgage by CountyWhat home buyers actually paid, county by county

Independent analysis of official mortgage recordsHMDA 2025 · 7,155,718 applications

Lender in Michigan · HMDA 2025

Flagstar Bank, N.A. mortgages in Michigan

Flagstar Bank, N.A.'s 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.

Flagstar Bank, N.A. originated 2,006 owner-occupied single-family loans in Michigan from 2,748 completed applications, making it the state's #10 lender by volume.

Its median conventional purchase loan costs were $3,620 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.625% (Michigan: 6.625%).

Loans in MI
2,006
of 2,748 applications
Denial rate
26.0%
Purchase · MI 7.8%
Rate spread
+0.32 pts
Conv. · MI +0.23 pts
Loan amount
$205,000
Purchase · MI $245,000

By loan purpose

PurposeApplicationsLoansDenial rate30-yr rate*Rate spread*Loan costs*Median loan
Home purchase2,3521,73326.0%6.625%+0.32 pts$3,620$205,000
Refinance21214519.3%6.500%+0.22 pts$2,490$275,000
Cash-out refinance18412828.3%6.875%+0.43 pts$3,200$195,000

*Conventional loans only; medians with at least 20 loans.

Michigan counties where Flagstar Bank, N.A. ranks in the top 25

Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology