Lender in Michigan · HMDA 2025
Bank of America, N.A. mortgages in Michigan
Bank of America, N.A.'s 2025 home-purchase and refinance lending in Michigan, compared with all lenders in the state.
Bank of America, N.A. originated 662 owner-occupied single-family loans in Michigan from 778 completed applications.
Its median conventional purchase loan costs were $1,150 versus $4,140 for all Michigan lenders, at a median 30-year fixed rate of 6.125% (Michigan: 6.625%).
Loans in MI
662
of 778 applications
Denial rate
13.3%
Purchase · MI 7.8%
Rate spread
−0.36 pts
Conv. · MI +0.23 pts
Loan amount
$225,000
Purchase · MI $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 668 | 579 | 13.3% | 6.125% | −0.36 pts | $1,150 | $225,000 |
| Refinance | 61 | 45 | 26.2% | — | −0.17 pts | $3,300 | $385,000 |
| Cash-out refinance | 49 | 38 | 22.4% | 6.625% | +0.11 pts | $2,960 | $245,000 |
*Conventional loans only; medians with at least 20 loans.
Michigan counties where Bank of America, N.A. ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Washtenaw County | 17 | 63 | 1.5% |
| Macomb County | 19 | 126 | 1.0% |
| Schoolcraft County | 19 | 1 | 2.4% |
| Oakland County | 20 | 168 | 0.9% |
| Wayne County | 23 | 166 | 0.9% |
- Bank of America, N.A. nationwide
- Michigan mortgage market
- Bank of America, N.A. in California
- Bank of America, N.A. in Texas
- Bank of America, N.A. in Florida
- Bank of America, N.A. in New York
- Bank of America, N.A. in North Carolina
- Bank of America, N.A. in Washington
- Bank of America, N.A. in Illinois
- Bank of America, N.A. in New Jersey
- Bank of America, N.A. in Georgia
- Bank of America, N.A. in Massachusetts
- Bank of America, N.A. in Pennsylvania
- Bank of America, N.A. in Virginia
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology