Applications / Mortgage Analytics / Lenders / Michigan / Ross Mortgage
Troy, MI · Non-bank lender · CFPB · 1,034 loans in 2025
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1,034
loans originated, 2025
1,385
applications, 2025
16
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ross Mortgage, a Michigan lender that has reported since 1990, leans on government-backed loans far more than similar lenders, with about one loan in eight guaranteed by the Department of Veterans Affairs.
Its share of loans guaranteed by the Department of Veterans Affairs (VA) was 12.9%, against 4.4% at similar lenders, meaning non-bank lenders making between half and twice as many loans. A further 22.3% were insured by the Federal Housing Administration (FHA), against 16.1%. In 2020 conventional loans made up 80.5% of its lending; now they make up 64.0%.
Some 31.5% of its borrowers had low or moderate incomes, against 23.1% at its peers, higher than about three in four of them. Its typical loan, $255,000, was smaller than their $330,000. Its larger share of government-backed loans may account for part of that reach.
Its lending spans 16 states. In Johnson City its share rose from 0.9% to 1.3%, ranking it 18 of 287 lenders. In Flint, Michigan, it ranks 25 of 285 with 1.0%, up from 0.9%. In Kingsport-Bristol its share slipped from 1.0% to 0.9%.
It made 1,034 loans, up 2%, while similar lenders grew 14%. Its count has been steady since 2023, at 973, 1,017 and 1,034, so the gap reflects its peers' growth more than any retreat. It made 2,518 loans in 2020.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ross Mortgage took 1,385 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 79.9% · Refinance 20.1%
Conventional 64.0% · FHA 22.3% · VA 12.9% · USDA (RHS or FSA) 0.8% · of 1,034 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 |
|---|---|---|
| Michigan | 624 | 60.3% |
| Tennessee | 209 | 20.2% |
| Virginia | 76 | 7.4% |
| Kentucky | 53 | 5.1% |
| Florida | 30 | 2.9% |
| Illinois | 15 | 1.5% |
| South Carolina | 6 | 0.6% |
| Georgia | 5 | 0.5% |
| North Carolina | 5 | 0.5% |
| Alabama | 2 | 0.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Warren-Troy-Farmington Hills | 320 |
| Detroit-Dearborn-Livonia | 165 |
| Flint | 71 |
| Kingsport-Bristol | 64 |
| Johnson City | 55 |
| Nashville-Davidson--Murfreesboro--Franklin | 31 |
| Bowling Green | 17 |
| Arlington-Alexandria-Reston | 16 |
| Morristown | 16 |
| Charlottesville | 15 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493005NU5BA00C1N451 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3870549 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 72148900000 | 1990–2017 |
Established 8 August 1949. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Ross Mortgage's data.
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