Lender in Michigan · HMDA 2025
New American Funding mortgages in Michigan
New American Funding's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
New American Funding originated 552 owner-occupied single-family loans in Michigan from 719 completed applications.
Its median conventional purchase loan costs were $4,900 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.75% (Michigan: 6.625%).
Loans in MI
552
of 719 applications
Denial rate
9.5%
Purchase · MI 7.8%
Rate spread
+0.47 pts
Conv. · MI +0.23 pts
Loan amount
$195,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 389 | 352 | 9.5% | 6.750% | +0.47 pts | $4,900 | $195,000 |
| Refinance | 103 | 61 | 40.8% | — | +0.21 pts | $4,580 | $235,000 |
| Cash-out refinance | 227 | 139 | 38.8% | — | +0.93 pts | $7,050 | $175,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where New American Funding ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Luce County | 8 | 1 | 2.6% |
| Huron County | 11 | 4 | 1.4% |
| Iosco County | 12 | 4 | 1.4% |
| Kalkaska County | 15 | 3 | 1.3% |
| Mackinac County | 15 | 1 | 1.8% |
| Ontonagon County | 16 | 1 | 1.8% |
| Dickinson County | 17 | 3 | 1.3% |
| Alger County | 18 | 1 | 2.1% |
| Isabella County | 19 | 5 | 0.8% |
| Sanilac County | 19 | 5 | 1.2% |
| Antrim County | 19 | 3 | 1.1% |
| Chippewa County | 19 | 2 | 0.9% |
| Branch County | 20 | 4 | 0.8% |
| Leelanau County | 20 | 2 | 0.9% |
| Iron County | 20 | 1 | 0.7% |
| Gratiot County | 21 | 6 | 1.4% |
| Mecosta County | 21 | 5 | 1.1% |
| Genesee County | 22 | 57 | 1.0% |
| Shiawassee County | 22 | 11 | 1.1% |
| Arenac County | 22 | 2 | 1.3% |
| Benzie County | 25 | 2 | 0.9% |
| Manistee County | 25 | 2 | 0.7% |
| Otsego County | 25 | 2 | 0.6% |
- New American Funding nationwide
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Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology