Michigan borrowers get matched with lenders licensed to lend here
Rates, approval odds, and product availability in Michigan look different than in neighboring states. We route Michigan applications only to lenders and brokers licensed by the Michigan Department of Insurance & Financial Services, so the offers you see are ones you can actually take.
How lending in Michigan is different
Michigan's median household income is $68,505 — in line with the national household-income median — and the typical home price of $240,000 sits below the $350,000 national midpoint. On our platform, the average funded loan in Michigan runs about $17,800, with mortgage loans as the most requested product across Detroit, Grand Rapids, and the rest of the state.
Default 5%, contracted 7%; consumer installment lenders may exceed with license. The Michigan Department of Insurance & Financial Services (MI DIFS) supervises consumer lenders operating in Michigan, and every match we send you carries their license number so you can verify it before you share documents.
- Compare at least 3 Michigan offers — APR spread between lenders here is often 4–8 percentage points on the same credit profile.
- If you're buying in Detroit or Grand Rapids, ask about local down-payment assistance — Michigan programs stack with most conforming loans.
- A soft-pull pre-qual on our platform does not affect your credit score; only the lender you choose runs a hard pull.
Michigan at a glance
Local market data we use to calibrate matches for borrowers in Michigan.
What a real Michigan offer looks like
Illustrative math using Michigan's median home price, our average funded loan size in MI, and typical partner APRs. Your actual offers depend on credit, DTI, and lender.
Buying near Detroit at $240,000
A 20% down, 30-year fixed at ~6.75% APR on the Michigan median home price puts principal & interest around $1,245/mo. Local MI down-payment assistance can stack on top.
See Michigan mortgage offersTypical $17,800 funded loan in MI
Our average funded personal loan for a Michigan borrower runs about $17,800 over 4 years. At 11.9% APR that's roughly $468/mo — with rate ceilings enforced by the MI DIFS.
Check my Michigan rateConsolidating ~$20,552 of high-rate debt
Rolling roughly 30% of the Michigan median household income out of 22% credit cards and into a 5-year fixed 9.5% loan drops the payment to about $432/mo — a common MI refinance path.
Match a Michigan lenderPayment estimates are illustrative and do not include taxes, insurance, or lender fees. Consumer loans in Michigan are supervised by the Michigan Department of Insurance & Financial Services.
Every loan type available in Michigan
Our marketplace covers every major loan product for Michigan residents. Each match is from a lender licensed by the MI DIFS to operate in MI.
See your real Michigan offers in about 2 minutes
Answer a few quick questions. We'll match you with lenders licensed by the MI DIFS — with APR, monthly payment, and fees shown upfront.
- Michigan-licensed lenders only
- Soft credit pull — no score impact
- Real APRs calibrated to MI market
Lending rules in Michigan
Michigan consumer lenders are supervised by the Michigan Department of Insurance & Financial Services. Every match we send you comes with the lender's active MI license number.
Default 5%, contracted 7%; consumer installment lenders may exceed with license.
- Pre-qualification uses a soft credit pull — your MI credit file is not affected.
- We never sell Michigan borrower data. Only lenders you choose see your contact info.
- Offers are calibrated to Michigan DTI norms and the local $240,000 home-price market.
Informational only — not legal or financial advice. MI rate caps and regulations change; confirm details with the Michigan Department of Insurance & Financial Services.
Top Michigan cities we serve
Don't see your city? We serve every ZIP code in Michigan.
Questions Michigan borrowers ask
+What loan types are available in Michigan?
Nothing But Loans covers personal, auto, mortgage, HELOC, student, business, SBA, debt consolidation, solar, and 15+ other products for Michigan residents. Every match is routed to a lender licensed by the Michigan Department of Insurance & Financial Services.
+Are the lenders on this site licensed in Michigan?
Yes. We only forward your request to partners that hold an active MI license with the Michigan Department of Insurance & Financial Services (MI DIFS). Their NMLS or state license number appears with every offer.
+What are the Michigan interest-rate rules I should know about?
Default 5%, contracted 7%; consumer installment lenders may exceed with license. This affects what a lender can legally charge you in MI on non-bank consumer loans.
+Does checking rates affect my credit score in Michigan?
No. Our 2-minute questionnaire uses a soft credit pull, which is invisible to other lenders and has zero impact on your score. Only the Michigan lender you choose to move forward with will run a hard pull.
+How much do borrowers in Michigan typically request?
The average funded consumer loan on our platform in Michigan is about $17,800. Popular products in MI are Mortgage, Personal, Auto, with mortgage sizes driven by the ~$240,000 median home price.
+Do you serve borrowers outside of Detroit?
Yes — every ZIP code in Michigan is covered. Whether you're in Detroit or a smaller market, we route your inquiry to lenders active in your county.
Ready to see your Michigan rates?
Takes about 2 minutes. Soft credit pull, no obligation, and only lenders licensed in MI — never a mystery list.
- Match to a Michigan-licensed lender
- Free — no cost to compare
- Never any spam or hidden fees