Ohio vs Michigan: mortgage lending
In 2023, Ohio had the lower mortgage denial rate of the two — 17.3% versus 20.0% in Michigan, a gap of about 2.7 points. Ohio originated about 171,804 loans and Michigan about 141,464. By loan type, Ohio was 82.0% conventional / 12.7% FHA / 4.7% VA, versus 84.9% / 10.9% / 3.6% in Michigan. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
Ohio vs Michigan side by side
| Indicator | Ohio | Michigan |
|---|---|---|
| Total originations | 171,804 | 141,464 |
| Denial rate | 17.3% | 20.0% |
| Home-purchase denial rate | 11.2% | 15.7% |
| Refinance denial rate | 29.4% | 29.3% |
| Conventional share | 82.0% | 84.9% |
| FHA share | 12.7% | 10.9% |
| VA share | 4.7% | 3.6% |
Verdict
On denial rate alone, an application looks more likely to be approved in Ohio than Michigan by roughly 2.7 points — but that mostly reflects who applies and for what kind of loan, not a promise about your file. Read each state's full profile for context: Ohio and Michigan. To estimate a payment in either, use the mortgage calculator.
Frequently asked questions
Is it harder to get a mortgage in Ohio or Michigan?
By denial rate, Michigan turned down a higher share of applications in 2023: 20.0% versus 17.3% in Ohio, a gap of about 2.7 points. Denial rate reflects the applicant pool and loan mix as much as lender strictness, so it is a signal, not a guarantee about your own application.
Which state originates more mortgages, Ohio or Michigan?
Ohio originated more — about 171,804 home-purchase and refinance loans versus 141,464 in Michigan (HMDA 2023). Volume mostly tracks population and home values.
How do the loan-type mixes compare?
In Ohio, conventional loans were 82.0%, FHA 12.7% and VA 4.7% of originations; in Michigan they were 84.9%, 10.9% and 3.6%. A higher FHA/VA share usually means more first-time, lower-down-payment, or veteran buyers.
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Last updated: 2026-06-20