Access Mortgage & Financial Mortgage Lending & HMDA Data, 2005
In 2005, Access Mortgage & Financial of Grand Rapids, MI reported 1,711 mortgage applications totaling $226.7 million. The average application was for $132,490, and applicants reported an average income of $65,601. 57% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Lansing-East Lansing, MI (210), Grand Rapids-Wyoming, MI (197) and Warren-Farmington Hills-Troy, MI (71) (applications in parentheses).
| Mortgage Company & Address | Access Mortgage & Financial 3040 Charlevoix Dr Se Grand Rapids, MI 49546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 |
| Total Number of Mortgage Applications | 1,711 |
| Total Mortgage Loan Application Amount | $226,692,000 |
| Average Mortgage Loan Application Amount | $132,490 |
| Highest Mortgage Loan Application Amount | $1,509,000 |
| Average Applicant Income | $65,601 |
| Highest Applicant Income | $708,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Access Mortgage & Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lansing-East Lansing, MI | 210 | $ 24,077,000 | $ 114,652 | $ 63,000 |
| Grand Rapids-Wyoming, MI | 197 | $ 24,387,000 | $ 123,791 | $ 99,000 |
| Warren-Farmington Hills-Troy, MI | 71 | $ 11,269,000 | $ 158,718 | $ 76,000 |
| Holland-Grand Haven, MI | 55 | $ 6,834,000 | $ 124,254 | $ 55,000 |
| Tampa-St. Petersburg-Clearwater, FL | 50 | $ 7,665,000 | $ 153,300 | $ 67,000 |
| Detroit-Livonia-Dearborn, MI | 48 | $ 5,488,000 | $ 114,333 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 48 | $ 6,144,000 | $ 128,000 | $ 63,000 |
| Orlando, FL | 28 | $ 4,006,000 | $ 143,071 | $ 62,000 |
| Battle Creek, MI | 24 | $ 1,816,000 | $ 75,666 | $ 40,000 |
| Jackson, MI | 21 | $ 2,449,000 | $ 116,619 | $ 49,000 |
| Kalamazoo-Portage, MI | 21 | $ 2,517,000 | $ 119,857 | $ 60,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 20 | $ 3,125,000 | $ 156,250 | $ 134,000 |
| Muskegon-Norton Shores, MI | 20 | $ 1,712,000 | $ 85,600 | $ 73,000 |
| Riverside-San Bernardino-Ontario, CA | 20 | $ 3,279,000 | $ 163,950 | $ 67,000 |
| St. Louis, MO-IL | 20 | $ 2,557,000 | $ 127,850 | $ 75,000 |
| Chicago-Naperville-Joliet, IL | 19 | $ 2,919,000 | $ 153,631 | $ 74,000 |
| Flint, MI | 18 | $ 1,844,000 | $ 102,444 | $ 49,000 |
| Jacksonville, FL | 18 | $ 2,123,000 | $ 117,944 | $ 61,000 |
| Ann Arbor, MI | 17 | $ 2,576,000 | $ 151,529 | $ 59,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 15 | $ 2,466,000 | $ 164,400 | $ 77,000 |
| Lakeland, FL | 15 | $ 2,075,000 | $ 138,333 | $ 64,000 |
| Richmond, VA | 15 | $ 2,464,000 | $ 164,266 | $ 66,000 |
| Miami-Miami Beach-Kendall, FL | 14 | $ 2,730,000 | $ 195,000 | $ 66,000 |
| Saginaw-Saginaw Township North, MI | 14 | $ 1,140,000 | $ 81,428 | $ 82,000 |
| Louisville, KY-IN | 13 | $ 1,327,000 | $ 102,076 | $ 61,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 13 | $ 2,325,000 | $ 178,846 | $ 78,000 |
| Bay City, MI | 12 | $ 1,228,000 | $ 102,333 | $ 50,000 |
| Fort Wayne, IN | 12 | $ 1,037,000 | $ 86,416 | $ 59,000 |
| Monroe, MI | 12 | $ 1,588,000 | $ 132,333 | $ 58,000 |
| Niles-Benton Harbor, MI | 11 | $ 1,227,000 | $ 111,545 | $ 45,000 |
| Cape Coral-Fort Myers, FL | 10 | $ 1,070,000 | $ 107,000 | $ 142,000 |
| Indianapolis, IN | 10 | $ 1,264,000 | $ 126,400 | $ 66,000 |
| Cleveland-Elyria-Mentor, OH | 9 | $ 1,072,000 | $ 119,111 | $ 45,000 |
| Naples-Marco Island, FL | 9 | $ 3,873,000 | $ 430,333 | $ 179,000 |
| Palm Bay-Melbourne-Titusville, FL | 9 | $ 1,532,000 | $ 170,222 | $ 68,000 |
| Sarasota-Bradenton-Venice, FL | 9 | $ 1,056,000 | $ 117,333 | $ 55,000 |
| Fort Walton Beach-Crestview-Destin, FL | 8 | $ 1,078,000 | $ 134,750 | $ 53,000 |
| Kansas City, MO-KS | 8 | $ 1,134,000 | $ 141,750 | $ 91,000 |
| Gary, IN | 7 | $ 820,000 | $ 117,142 | $ 66,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 7 | $ 1,375,000 | $ 196,428 | $ 71,000 |
| Port St. Lucie-Fort Pierce, FL | 7 | $ 986,000 | $ 140,857 | $ 68,000 |
| Ocala, FL | 6 | $ 650,000 | $ 108,333 | $ 57,000 |
| South Bend-Mishawaka, IN-MI | 6 | $ 573,000 | $ 95,500 | $ 40,000 |
| Modesto, CA | 5 | $ 779,000 | $ 155,800 | $ 57,000 |
| Panama City-Lynn Haven, FL | 5 | $ 549,000 | $ 109,800 | $ 64,000 |
| Pensacola-Ferry Pass-Brent, FL | 5 | $ 665,000 | $ 133,000 | $ 40,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 5 | $ 886,000 | $ 177,200 | $ 91,000 |
| Visalia-Porterville, CA | 5 | $ 823,000 | $ 164,600 | $ 68,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 449,000 | $ 112,250 | $ 62,000 |
| Columbus, OH | 4 | $ 605,000 | $ 151,250 | $ 62,000 |
| Gainesville, FL | 4 | $ 562,000 | $ 140,500 | $ 69,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 1,290,000 | $ 322,500 | $ 269,000 |
| Tallahassee, FL | 4 | $ 447,000 | $ 111,750 | $ 61,000 |
| Winchester, VA-WV | 4 | $ 740,000 | $ 185,000 | $ 48,000 |
| Anderson, IN | 3 | $ 440,000 | $ 146,666 | $ 56,000 |
| Bakersfield, CA | 3 | $ 617,000 | $ 205,666 | $ 59,000 |
| Charlottesville, VA | 3 | $ 486,000 | $ 162,000 | $ 83,000 |
| Dayton, OH | 3 | $ 400,000 | $ 133,333 | $ 54,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 278,000 | $ 92,666 | $ 39,000 |
| Lexington-Fayette, KY | 3 | $ 358,000 | $ 119,333 | $ 55,000 |
| Santa Ana-Anaheim-Irvine, CA | 3 | $ 830,000 | $ 276,666 | $ 95,000 |
| Akron, OH | 2 | $ 141,000 | $ 70,500 | $ 82,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 282,000 | $ 141,000 | $ 45,000 |
| Bloomington, IN | 2 | $ 148,000 | $ 74,000 | $ 32,000 |
| Columbus, IN | 2 | $ 211,000 | $ 105,500 | $ 48,000 |
| Elizabethtown, KY | 2 | $ 192,000 | $ 96,000 | $ 89,000 |
| Harrisonburg, VA | 2 | $ 164,000 | $ 82,000 | $ 34,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 341,000 | $ 170,500 | $ 59,000 |
| Madera, CA | 2 | $ 367,000 | $ 183,500 | $ 111,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 553,000 | $ 276,500 | $ 116,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 402,000 | $ 201,000 | $ 114,000 |
| Pueblo, CO | 2 | $ 581,000 | $ 290,500 | $ 120,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 812,000 | $ 406,000 | $ 150,000 |
| Vero Beach, FL | 2 | $ 132,000 | $ 66,000 | $ 52,000 |
| Wichita, KS | 2 | $ 162,000 | $ 81,000 | $ 45,000 |
| Baltimore-Towson, MD | 1 | $ 394,000 | $ 394,000 | $ 67,000 |
| Bowling Green, KY | 1 | $ 143,000 | $ 143,000 | $ 58,000 |
| Canton-Massillon, OH | 1 | $ 108,000 | $ 108,000 | $ 54,000 |
| Champaign-Urbana, IL | 1 | $ 73,000 | $ 73,000 | $ 52,000 |
| Columbia, MO | 1 | $ 56,000 | $ 56,000 | $ 32,000 |
| Denver-Aurora, CO | 1 | $ 57,000 | $ 57,000 | $ 87,000 |
| Duluth, MN-WI | 1 | $ 160,000 | $ 160,000 | $ 87,000 |
| Evansville, IN-KY | 1 | $ 75,000 | $ 75,000 | $ 66,000 |
| Fresno, CA | 1 | $ 108,000 | $ 108,000 | $ 41,000 |
| Jefferson City, MO | 1 | $ 107,000 | $ 107,000 | $ 40,000 |
| Kokomo, IN | 1 | $ 166,000 | $ 166,000 | $ 58,000 |
| Lafayette, IN | 1 | $ 118,000 | $ 118,000 | $ 55,000 |
| Lawrence, KS | 1 | $ 161,000 | $ 161,000 | $ 42,000 |
| Merced, CA | 1 | $ 268,000 | $ 268,000 | $ 67,000 |
| Napa, CA | 1 | $ 230,000 | $ 230,000 | $ 34,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 66,000 | $ 66,000 | $ 155,000 |
| Punta Gorda, FL | 1 | $ 172,000 | $ 172,000 | $ 86,000 |
| Roanoke, VA | 1 | $ 56,000 | $ 56,000 | $ 15,000 |
| Rockford, IL | 1 | $ 108,000 | $ 108,000 | $ 75,000 |
| Sandusky, OH | 1 | $ 143,000 | $ 143,000 | $ 81,000 |
| Springfield, MO | 1 | $ 91,000 | $ 91,000 | $ 45,000 |
| St. Cloud, MN | 1 | $ 54,000 | $ 54,000 | $ 108,000 |
| St. Joseph, MO-KS | 1 | $ 63,000 | $ 63,000 | $ 39,000 |
| Stockton, CA | 1 | $ 55,000 | $ 55,000 | $ 95,000 |
| Terre Haute, IN | 1 | $ 100,000 | $ 100,000 | $ 58,000 |
| Toledo, OH | 1 | $ 72,000 | $ 72,000 | $ 38,000 |
| Topeka, KS | 1 | $ 65,000 | $ 65,000 | $ 20,000 |
| Vallejo-Fairfield, CA | 1 | $ 80,000 | $ 80,000 | $ 28,000 |
| Yuba City, CA | 1 | $ 314,000 | $ 314,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for Access Mortgage & Financial in 2005
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 | 1,247 | $167,912,000 | $143,500 | $730,000 | $68,166 | $600,000 |
| Home Purchase | 464 | $58,780,000 | $143,500 | $1,509,000 | $70,750 | $708,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,398 | $182,908,000 | $139,800 | $1,509,000 | $70,133 | $708,000 |
| Not Provided | 153 | $21,276,000 | $174,818 | $600,000 | $69,363 | $384,000 |
| Black or African American | 79 | $9,395,000 | $137,125 | $361,000 | $75,625 | $208,000 |
| Hispanic | 53 | $9,415,000 | $166,000 | $730,000 | $69,875 | $596,000 |
| Asian | 25 | $3,482,000 | $163,250 | $310,000 | $93,500 | $275,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $216,000 | $72,000 | $79,000 | $66,333 | $110,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,710 | $226,569,000 | $151,666 | $1,509,000 | $71,933 | $708,000 |
| VA-guaranteed (Veterans Administration) | 1 | $123,000 | $123,000 | $123,000 | $37,000 | $37,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 969 | $126,636,000 | $129,666 | $514,000 | $65,416 | $287,000 |
| Application Withdrawn By Applicant | 436 | $59,426,000 | $156,500 | $1,509,000 | $74,357 | $708,000 |
| Application Denied By Financial Institution | 303 | $39,597,000 | $134,166 | $730,000 | $64,500 | $600,000 |
| Application Approved But Not Accepted | 3 | $1,033,000 | $303,000 | $720,000 | $220,000 | $600,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 100 | $11,535,000 | $118,250 | $418,000 | $66,583 | $600,000 |
| Debt-To-Income Ratio | 39 | $5,391,000 | $133,600 | $560,000 | $69,800 | $140,000 |
| Collateral | 36 | $4,346,000 | $161,333 | $515,000 | $57,111 | $116,000 |
| Credit History | 26 | $3,198,000 | $122,375 | $730,000 | $93,125 | $596,000 |
| Employment History | 9 | $1,230,000 | $125,000 | $359,000 | $63,000 | $180,000 |
| Credit Application Incomplete | 5 | $557,000 | $114,500 | $209,000 | $49,000 | $110,000 |
| Unverifiable Information | 4 | $743,000 | $185,000 | $415,000 | $76,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $218,000 | $109,000 | $110,000 | $53,500 | $54,000 |
| Mortgage Insurance Denied | 1 | $129,000 | $129,000 | $129,000 | $600,000 | $600,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Access Mortgage & Financial's 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Access Mortgage & Financial's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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