Gladwin County, MI Mortgage Lenders & HMDA Data, 2014

In 2014, lenders reported 1,188 mortgage applications in Gladwin County, MI totaling $111.0 million, down 11% from 2013. The average application was for $93,000, and applicants reported an average income of $70,000. 48% of applications resulted in an originated loan and 23% were denied. The most active lender was Chemical Bank, with 200 applications, followed by Neighborhood Mortgage Solutions, LLC and PNC Bank N.A..

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,188
Total Mortgage Loan Application Amount $110,951,000
Average Mortgage Loan Application Amount $93,000
Highest Mortgage Loan Application Amount $924,000
Average Applicant Income $70,000
Highest Applicant Income $1,912,000

Mortgage Company List for Lending in Gladwin County, MI for 2014

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Chemical Bank
333 E MAIN STREET
MIDLAND, MI 48640
* $ 6,176,405,000 200 $ 14,015,000
Neighborhood Mortgage Solutions, LLC
PO BOX 209 544 N MAIN ST
FRANKENMUTH, MI 48734
* $ 77,551,000 106 $ 8,245,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 309,999,678,000 63 $ 4,774,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,373,600,000,000 50 $ 5,016,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,945,467,000,000 47 $ 4,371,000
Dow Credit Union
600 E. LYON ROAD P.O. BOX 1649
MIDLAND, MI 48641
* $ 1,400,994,000 45 $ 3,751,000
Independent Bank
4200 EAST BELTLINE
GRAND RAPIDS, MI 49525
* $ 2,199,198,000 33 $ 3,159,000
Firstbank
102 S MAIN ST
MT PLEASANT, MI 48858
* $ 1,222,044,000 31 $ 2,403,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 22 $ 1,970,000
Flagstar Bank NA

TROY, MI 49098
* $ 12,648,357,000 20 $ 1,964,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 16 $ 1,482,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,346,747,000,000 16 $ 1,481,000
Wildfire Credit Union
6640 BAY RD
SAGINAW, MI 48605
* $ 679,412,000 16 $ 1,297,000
Fifth Third Mortgage, Mi LLC
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 48,969,000 16 $ 1,631,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ 138,031,000 14 $ 1,781,000
Member First Mortgage, LLC
616 44TH STREET SE
GRAND RAPIDS, MI 49548
* $ 11,800,000 14 $ 1,330,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 127,428,329,000 14 $ 1,405,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,433,716,000,000 13 $ 1,033,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ 10,000,000 13 $ 1,055,000
Greenstone Farm Credit Services
3515 WEST RD
EAST LANSING, MI 48823
* $ 10,000,000 12 $ 2,511,000
Firstmerit Bank NA
III CASCADE PLAZA - CAS46
AKRON, OH 44308
* $ 23,864,142,000 12 $ 1,913,000
Academy Mortgage Corporation
339 WEST 13490 SOUTH
SALT LAKE CITY, UT 84020
* $ 10,000,000 11 $ 1,090,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 11 $ 890,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 8,361,206,000 11 $ 1,296,000
Jolt Credit Union
6180 STATE STREET
SAGINAW, MI 48603
* $ 321,718,000 10 $ 550,000
Mortgage Center Lc
26555 EVERGREEN RD SUITE 900
SOUTHFIELD, MI 48076
* $ 30,000,000 10 $ 836,000
Wolverine Bank FSB
5710 EASTMAN AVE
MIDLAND, MI 48640
* $ 297,566,000 10 $ 952,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 360,478,278,000 10 $ 1,091,000
Isabella Bank
139 E. BROADWAY
MT PLEASANT, MI 48858
* $ 1,433,762,000 9 $ 806,000
Premier Home Mortgage, Inc.
3024 TOWER RD
RAPID CITY, SD 57701
* $ 20,569,000 8 $ 724,000
Lake Michigan Credit Union
PO BOX 2848
GRAND RAPIDS, MI 49501
* $ 3,042,240,000 8 $ 1,078,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 617,585,000 7 $ 471,000
Fifth Third Bank
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ 127,428,329,000 7 $ 467,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 9,596,388,000 7 $ 510,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 59,304,805,000 6 $ 636,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 6 $ 535,000
Stonegate Mortgage Corporation
9190 PRIORITY WAY WEST DRIVE
INDIANAPOLIS, IN 46240
* $ 10,000,000 6 $ 624,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 5 $ 606,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ 35,475,880,000 5 $ 624,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ 10,000,000 5 $ 650,000
Mortgage300 Corporation
10 SE CENTRAL PARKWAY SUITE 325
STUART, FL 34994
* $ 500,000 5 $ 704,000
United Financial Credit Union
4685 STATE ST.
SAGINAW, MI 48603
* $ 173,977,000 5 $ 400,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ 100,000,000 5 $ 496,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ 880,000,000 5 $ 582,000
Comerica Bank

FARMINGTON HILLS, MI 48331
* $ 65,201,888,000 5 $ 393,000
Wanigas Credit Union
4026 SHATTUCK RD
SAGINAW, MI 48603
* $ 286,887,000 5 $ 428,000
Mortgage 1 Incorporated
43456 MOUND ROAD
STERLING HEIGHTS, MI 48314
* $ 9,135,000 5 $ 579,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 62,866,954,000 4 $ 492,000
Firstmerit Mortgage Corp
4455 HILLS AND DALES RD. NW - MTG80
CANTON, OH 44708
* $ 6,000,000,000 4 $ 774,000
Frankenmuth Credit Union
580 N. MAIN ST., PO BOX 209
FRANKENMUTH, MI 48734
* $ 292,052,000 4 $ 369,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 4 $ 529,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ 10,000,000 4 $ 519,000
Homeward Residential, Inc.
16675 ADDISON ROAD
ADDISON, TX 75001
* $ 3,809,880,000 4 $ 529,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ 945,758,000 4 $ 362,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ 39,000,000 4 $ 424,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 3 $ 691,000
Dart Bank
368 S. PARK ST.
MASON, MI 48854
* $ 271,122,000 3 $ 459,000
Elga Credit Union
2303 S. CENTER ROAD
GRAND BLANC, MI 48439
* $ 365,121,000 3 $ 154,000
Michigan Schools and Governmen
40400 GARFIELD ROAD
CLINTON TOWNSHIP, MI 48038
* $ 1,436,501,000 3 $ 294,000
Community Choice Credit Union
31155 NORTHWESTERN HWY
FARMINGTON HILLS, MI 48334
* $ 513,481,000 3 $ 274,000
Vibe
44575 W 12 MILE
NOVI, MI 48377
* $ 416,687,000 3 $ 163,000
Copoco Community Credit Union
4265 E WILDER RD
BAY CITY, MI 48706
* $ 100,013,000 3 $ 255,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ 16,840,840,000 3 $ 231,000
Financial Plus Credit Union
G-3381 VAN SLYKE RD, P.O. BOX 7006
FLINT, MI 48507
* $ 389,622,000 3 $ 227,000
Pacific Union Financial, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ 40,000,000 3 $ 512,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ 10,000,000 2 $ 159,000
Freeland State Bank
185 E WASHINGTON ST
FREELAND, MI 48623
* $ 58,141,000 2 $ 112,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ 10,000,000 2 $ 141,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 299,620,000 2 $ 265,000
First State Bank Mortgage Co
24300 LITTLE MACK
ST CLAIR SHORES, MI 48080
* $ 11,056,000 2 $ 117,000
Caliber Home Loans, Inc.
1525 S. BELTLINE ROAD
WILMINGTON, DE 75019
* $ 1,543,699,000 2 $ 195,000
Msu Federal Credit Union
3777 WEST ROAD
EAST LANSING, MI 48823
* $ 2,536,690,000 2 $ 236,000
Summit Funding.Inc
2135 BUTANO DRIVE SUITE 150
SACRAMENTO, CA 95825
* $ 1,000,000,000 2 $ 170,000
Amwest Funding Corp
6 POINTE DRIVE, SUITE 300
BREA, CA 92821
* $ 10,000,000 2 $ 237,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 17,638,918,000 2 $ 561,000
Hantz Bank
26200 AMERICAN DRIVE, 2ND FLOOR
SOUTHFIELD, MI 48034
* $ 140,699,000 2 $ 675,000
Proficio Bank
6985 UNION PARK CENTER, SUITE 150
COTTONWOOD HEIGHTS, UT 84047
* $ 168,648,000 2 $ 218,000
1st State Bank
PO BOX 1468
SAGINAW, MI 48605
* $ 188,545,000 2 $ 152,000
Dfcu Financial
400 TOWN CENTER DRIVE
DEARBORN, MI 48121
* $ 3,538,032,000 2 $ 200,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ 1,000,000,000 2 $ 113,000
Discover Home Loans, Inc
173 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 79,339,664,000 2 $ 218,000
American Advisors Group
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ 100,247,000 2 $ 166,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ 10,000,000 2 $ 170,000
Amerifirst Financial Corporation
950 TRADE CENTRE WAY SUITE 400
KALAMAZOO, MI 49009
* $ 10,000,000 2 $ 113,000
Huron Valley Financial, Inc.
2395 OAK VALLEY DRIVE, SUITE 200
ANN ARBOR, MI 48103
* $ 10,000,000 1 $ 43,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ 10,000,000 1 $ 117,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ 250,000,000 1 $ 65,000
Main Street Bank
31780 TELEGRAPH ROAD, SUITE 100
BINGHAM FARMS, MI 48025
* $ 159,956,000 1 $ 180,000
Reliant Bank
1736 CAROTHERS PKWY., STE. 100
BRENTWOOD, TN 37027
* $ 384,572,000 1 $ 165,000
American Southwest Mortgage Corp.
5900 MOSTELLER DRIVE SUITE 10
OKLAHOMA CITY, OK 73112
* $ 143,000,000 1 $ 88,000
Fme Federal Credit Union
29624 HARPER
ST CLAIR SHORES, MI 48082
* $ 70,017,000 1 $ 63,000
Ditech Mortgage Corp
1100 VIRGINIA DRIVE, SUITE 100
FT. WASHINGTON, PA 19034
* $ 5,720,000 1 $ 73,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 171,261,678,000 1 $ 94,000
Home Point Financial Corporation
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ 40,000,000 1 $ 369,000
Staunton Financial Inc
25800 NORTHWESTERN HIGHWAY SUITE 110
SOUTHFIELD, MI 48076
* $ 10,000,000 1 $ 200,000
PHH Home Loans, LLC
1 MORTGAGE WAY 2ND FLOOR
MT LAUREL, NJ 08054
* $ 4,597,939,000 1 $ 214,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ 100,000,000 1 $ 109,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ 11,000,000 1 $ 94,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ 10,000,000 1 $ 78,000
Blg Holdings, LLC
2353 S. LINDEN RD. SUITE A
FLINT, MI 48507
* $ 1,781,000 1 $ 72,000
Case Credit Union
PO BOX 22158 4316 SOUTH PENNSYLVANIA AVENUE
LANSING, MI 48909
* $ 237,547,000 1 $ 7,000
Family First Credit Union
3550 TITTABAWASSEE
SAGINAW, MI 48604
* $ 74,026,000 1 $ 87,000
Sunrise Family Credit Union
404 SOUTH EUCLID AVENUE
BAY CITY, MI 48706
* $ 95,961,000 1 $ 65,000
Team One Credit Union
520 HAYDEN
SAGINAW, MI 48607
* $ 383,646,000 1 $ 94,000
First Independence Bank
7310 WOODWARD AVE SUITE 101
DETROIT, MI 48202
* $ 202,781,000 1 $ 191,000
Talmer Bank and Trust
2301 W. BIG BEAVER RD., SUITE 200
TROY, MI 48084
* $ 2,308,075,000 1 $ 440,000
Kemba Financial Credit Union
555 OFFICENTER PL
GAHANNA, OH 43230
* $ 847,652,000 1 $ 118,000
Success Mortgage Partners, Inc
1200 S. SHELDON RD.
PLYMOUTH, MI 48170
* $ 1,912,000 1 $ 167,000
One Reverse Mortgage, LLC
4445 EASTGATE MALL, SUITE 320
SAN DIEGO, CA 92121
* $ 39,000,000 1 $ 62,000
Sovita Credit Union
4411 CALKINS RD
FLINT, MI 48532
* $ 363,475,000 1 $ 18,000
United Bay Community CU
1309 N. LINCOLN AVE.
BAY CITY, MI 48708
* $ 183,198,000 1 $ 8,000
Memberfocus Community
6246 CHASE ROAD
DEARBORN, MI 48126
* $ 92,360,000 1 $ 60,000
Freestar Financial Credit Union
PO BOX 2800
MT. CLEMENS, MI 48046
* $ 163,903,000 1 $ 80,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 94,716,980,000 1 $ 197,000
Nycb Mortgage Company, LLC
1801 EAST 9TH STREET
CLEVELAND, OH 44114
* $ 75,001,000 1 $ 100,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 55,502,976,000 1 $ 110,000
Suntrust Bank
P.O. BOX 4418, MAIL CODE 0663
ATLANTA, GA 30302
* $ 171,261,678,000 1 $ 50,000
Network Funding, L.P.
9700 RICHMOND, SUITE 320
HOUSTON, TX 77042
* $ 43,942,000 1 $ 52,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 18,396,839,000 1 $ 150,000
True Community Credit Union
1100 CLINTON RD
JACKSON, MI 49202
* $ 375,270,000 1 $ 50,000
Reverse Mortgage Solutions Inc
14405 WALTERS RD SUITE 200
HOUSTON, TX 77014
* $ 10,978,000 1 $ 62,000
Gateway Funding Dms, LP
300 WELSH ROAD, BUILDING 5
HORSHAM, PA 19044
* $ 10,000,000 1 $ 131,000
Impac Mortgage Corp.
19500 JAMBOREE RD
GLENDALE, CA 92612
* $ 32,120,000 1 $ 153,000
Liberty Home Equity Solutions, Inc.
10951 WHITE ROCK ROAD, SUITE 200
RANCHO CORDOVA, CA 95670
* $ 60,629,000 1 $ 63,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ 11,000,000 1 $ 74,000
Homesite Mortgage, LLC
222 S MAIN ST STE 106
ROCHESTER, MI 48307
* $ 6,646,000 1 $ 123,000
Farmers Bank & Trust
1017 HARRISON
GREAT BEND, KS 67530
* $ 690,026,000 1 $ 52,000
Citizens State Bank
13840 W. NEWBERRY RD
NEWBERRY, FL 32669
* $ 191,437,000 1 $ 5,000
Franklin First Financial, Ltd
538 BROADHOLLOW ROAD
MELVILLE, NY 11747
* $ 36,249,000 1 $ 108,000
Liberty Savings Bank, FSB
3435 AIRBORNE RD, STE B
WILMINGTON, OH 45177
* $ 559,172,000 1 $ 94,000
Shoreham Bank
ONE HOME LOAN PLAZA
WARWICK, RI 02886
* $ 204,003,000 1 $ 16,000
Cole Taylor Bank
9550 W HIGGINS RAOD
ROSEMONT, IL 60018
* $ 5,662,890,000 1 $ 195,000
UBS Ag, Tampa Branch
3000 BAYPORT
TAMPA, FL 33607
* $ 0 1 $ 148,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ 2,351,095,000 1 $ 11,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 245,863,000 1 $ 153,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ 10,000,000 1 $ 131,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 1 $ 31,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ 10,000,000 1 $ 42,000
Southwest Stage Funding LLC
2290 E YEAGER DR SUITE 250
CHANDLER, AZ 85286
* $ 5,889,539,000 1 $ 56,000
Credit Union Mortgage Associat
10800 MAIN STREET
FAIRFAX, VA 22030
* $ 435,000,000 1 $ 50,000
American Bank of Freedom
127 WEST HUDSON
WELLSVILLE, MO 63384
* $ 128,245,000 1 $ 100,000
Community State Bank
PO BOX 469
BIRCH RUN, MI 48415
* $ 188,291,000 1 $ 140,000
Crescent Mortgage Company

MORGANTOWN, WV 26505
* $ 826,484,000 1 $ 50,000
Bbmc Mortgage, LLC
100 W. 22ND ST
LOMBARD, IL 60148
* $ 149,000,000 1 $ 109,000
United Bank Mortgage Corporati
900 EAST PARIS AVE SE
GRAND RAPIDS, MI 49546
* $ 264,000,000 1 $ 174,000

The tables below break down 2014 mortgage applications in Gladwin County, MI by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Gladwin County, MI in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 533 $53,025,000 $99,000 $475,000 $71,000 $1,020,000
Home Purchase 532 $52,669,000 $99,000 $924,000 $73,000 $1,912,000
Home Improvement 123 $5,257,000 $42,000 $394,000 $58,000 $350,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 952 $87,462,000 $91,000 $924,000 $71,000 $1,682,000
Not Provided 121 $12,117,000 $100,000 $380,000 $100,000 $1,912,000
Not applicable 94 $9,200,000 $97,000 $440,000 $26,000 $500,000
Hispanic 14 $1,578,000 $112,000 $260,000 $63,000 $111,000
American Indian or Alaskan Native 5 $348,000 $69,000 $100,000 $30,000 $51,000
Black or African American 2 $246,000 $123,000 $173,000 $38,000 $54,000
Asian 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 932 $85,997,000 $92,000 $924,000 $79,000 $1,912,000
FHA-insured (Federal Housing Administration) 110 $10,083,000 $91,000 $260,000 $37,000 $1,020,000
VA-guaranteed (Veterans Administration) 74 $9,172,000 $123,000 $306,000 $51,000 $166,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 72 $5,699,000 $79,000 $192,000 $21,000 $64,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 574 $54,915,000 $95,000 $924,000 $76,000 $1,682,000
Application Denied By Financial Institution 273 $26,404,000 $96,000 $475,000 $72,000 $1,912,000
Application Withdrawn By Applicant 125 $11,095,000 $88,000 $376,000 $69,000 $1,020,000
Loan Purchased By The Institution 114 $10,817,000 $94,000 $380,000 $43,000 $500,000
Application Approved But Not Accepted 52 $3,381,000 $65,000 $258,000 $74,000 $511,000
File Closed For Incompleteness 50 $4,339,000 $86,000 $260,000 $55,000 $229,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 67 $4,794,000 $71,000 $320,000 $80,000 $1,912,000
Collateral 32 $5,184,000 $162,000 $475,000 $99,000 $312,000
Debt-To-Income Ratio 21 $1,781,000 $84,000 $225,000 $39,000 $112,000
Credit Application Incomplete 20 $2,444,000 $122,000 $288,000 $136,000 $559,000
Other 9 $662,000 $73,000 $164,000 $62,000 $166,000
Insufficient Cash (Downpayment, Closing Cost) 5 $486,000 $97,000 $169,000 $51,000 $62,000
Employment History 4 $489,000 $122,000 $166,000 $68,000 $93,000
Unverifiable Information 1 $200,000 $200,000 $200,000 $121,000 $121,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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