Applications / Mortgage Analytics / Lenders / Michigan / University Bank
Ann Arbor, MI · State non-member bank · FDIC · $1.1 billion assets · 2,426 loans in 2025
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2,426
loans originated, 2025
2,997
applications, 2025
45
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
University Bank has grown from a small Ann Arbor lender into a national home-purchase lender, with 2,426 loans in 2025 against 41 in 2020, and Florida is now its largest state.
It made 22 to 41 loans a year from 2018 to 2021, 456 in 2022 and 1,930 in 2023. In 2025 it grew 26%, against 12% at similar lenders (state non-member banks making between half and twice as many loans), faster than about four in five of them. It now lends in 194 metros in 45 states; purchases are 71.8% of its loans.
In Tallahassee, entered in 2022, its share rose from 3.5% to 5.7%, ranking 3 of 372. In Pensacola, entered in 2020, it rose from 3.1% to 3.8%, ranking 5 of 515. In Ann Arbor it ranks 11 of 310.
19.8% of its loans were FHA (insured by the Federal Housing Administration) and 17.3% VA (guaranteed by the Department of Veterans Affairs), against 3.5% and 1.0% at similar lenders; its VA share is higher than at nearly all of them. Its typical loan, $305,000, is higher than at nine in ten.
It turned down 2.5% of first-lien home-purchase applications on owner-occupied homes and 7.0% of refinance applications, against 6.6% and 17.5% at similar lenders, both among the lowest tenth. Its typical rate, 6.50%, is lower than at about three-quarters of them.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. University Bank took 2,997 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.8% · Refinance 23.7% · Other 2.7% · Home improvement 1.8%
Conventional 61.3% · FHA 19.8% · VA 17.3% · USDA (RHS or FSA) 1.6% · of 2,426 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 1,083 | 44.6% |
| Michigan | 505 | 20.8% |
| Indiana | 245 | 10.1% |
| California | 67 | 2.8% |
| North Carolina | 57 | 2.3% |
| Georgia | 47 | 1.9% |
| Tennessee | 44 | 1.8% |
| South Carolina | 43 | 1.8% |
| Alabama | 27 | 1.1% |
| Arizona | 25 | 1.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Pensacola-Ferry Pass-Brent | 423 |
| Tallahassee | 360 |
| Ann Arbor | 220 |
| Crestview-Fort Walton Beach-Destin | 175 |
| Lake County-Porter County-Jasper County | 145 |
| Warren-Troy-Farmington Hills | 141 |
| Detroit-Dearborn-Livonia | 61 |
| Nashville-Davidson--Murfreesboro--Franklin | 26 |
| Charlotte-Concord-Gastonia | 23 |
| Atlanta-Sandy Springs-Roswell | 20 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300IFOE4SCP384147 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 137652 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 314587 | 1997–2017 |
Established 8 May 1908. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: University Bank's data.
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