Lender in Michigan · HMDA 2025
Pennymac Loan Services, LLC mortgages in Michigan
Pennymac Loan Services, LLC's 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Pennymac Loan Services, LLC originated 1,293 owner-occupied single-family loans in Michigan from 1,619 completed applications, making it the state's #18 lender by volume.
Its median conventional purchase loan costs were $4,230 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.75% (Michigan: 6.625%).
Loans in MI
1,293
of 1,619 applications
Denial rate
13.0%
Purchase · MI 7.8%
Rate spread
+0.32 pts
Conv. · MI +0.23 pts
Loan amount
$265,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 522 | 449 | 13.0% | 6.750% | +0.32 pts | $4,230 | $265,000 |
| Refinance | 514 | 418 | 10.3% | 6.250% | +0.02 pts | $4,910 | $255,000 |
| Cash-out refinance | 583 | 426 | 25.9% | 6.875% | +0.49 pts | $6,940 | $185,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Pennymac Loan Services, LLC ranks in the top 25
Showing the 30 counties where it ranks highest, of 44.
| County | Rank | Loans | Market share |
|---|---|---|---|
| Gogebic County | 9 | 5 | 3.0% |
| Gratiot County | 10 | 10 | 2.4% |
| Newaygo County | 12 | 12 | 1.9% |
| Roscommon County | 12 | 7 | 1.9% |
| Arenac County | 12 | 4 | 2.5% |
| Chippewa County | 12 | 4 | 1.9% |
| Marquette County | 13 | 8 | 1.3% |
| Manistee County | 14 | 5 | 1.8% |
| Genesee County | 15 | 83 | 1.5% |
| Clinton County | 15 | 18 | 1.6% |
| Hillsdale County | 15 | 6 | 1.2% |
| Ingham County | 16 | 37 | 1.1% |
| Eaton County | 16 | 22 | 1.4% |
| Berrien County | 16 | 21 | 1.2% |
| Midland County | 16 | 16 | 1.4% |
| Mecosta County | 16 | 9 | 1.9% |
| Otsego County | 16 | 4 | 1.3% |
| Shiawassee County | 17 | 15 | 1.4% |
| Wexford County | 17 | 7 | 1.6% |
| Iosco County | 17 | 4 | 1.4% |
| Charlevoix County | 17 | 3 | 1.3% |
| Crawford County | 17 | 3 | 1.7% |
| Menominee County | 17 | 3 | 1.6% |
| Livingston County | 18 | 34 | 1.1% |
| Muskegon County | 18 | 33 | 1.1% |
| Jackson County | 18 | 32 | 1.5% |
| Dickinson County | 18 | 3 | 1.3% |
| Kent County | 19 | 106 | 1.2% |
| Ottawa County | 19 | 39 | 1.0% |
| Wayne County | 20 | 188 | 1.0% |
- Pennymac Loan Services, LLC nationwide
- Michigan mortgage market
- Pennymac Loan Services, LLC in California
- Pennymac Loan Services, LLC in Florida
- Pennymac Loan Services, LLC in Texas
- Pennymac Loan Services, LLC in Georgia
- Pennymac Loan Services, LLC in Pennsylvania
- Pennymac Loan Services, LLC in North Carolina
- Pennymac Loan Services, LLC in Virginia
- Pennymac Loan Services, LLC in New York
- Pennymac Loan Services, LLC in Tennessee
- Pennymac Loan Services, LLC in Ohio
- Pennymac Loan Services, LLC in New Jersey
- Pennymac Loan Services, LLC in Missouri
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology