American 1 Credit Union Mortgage Lending & HMDA Data, 2015
In 2015, American 1 Credit Union of Jackson, MI reported 288 mortgage applications totaling $2.3 million, up 1% from 2014. The average application was for $8,045, and applicants reported an average income of $58,000. 69% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Jackson, MI (164), Warren-Troy-Farmington Hills, MI (28) and Battle Creek, MI (26) (applications in parentheses).
| Mortgage Company & Address | American 1 Credit Union 718 E. Michigan Ave. Jackson, MI 49201 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 288 |
| Total Mortgage Loan Application Amount | $2,317,000 |
| Average Mortgage Loan Application Amount | $8,045 |
| Highest Mortgage Loan Application Amount | $37,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $195,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Jackson, Michigan | 164 | $ 1,287,000 | $ 7,847 | $ 59,000 |
| Calhoun, Michigan | 26 | $ 213,000 | $ 8,192 | $ 50,000 |
| Hillsdale, Michigan | 22 | $ 196,000 | $ 8,909 | $ 56,000 |
| Macomb, Michigan | 20 | $ 166,000 | $ 8,300 | $ 62,000 |
| Wayne, Michigan | 20 | $ 155,000 | $ 7,750 | $ 62,000 |
| Lenawee, Michigan | 9 | $ 58,000 | $ 6,444 | $ 49,000 |
| Oakland, Michigan | 5 | $ 38,000 | $ 7,600 | $ 50,000 |
| Ingham, Michigan | 4 | $ 16,000 | $ 4,000 | $ 72,000 |
| Washtenaw, Michigan | 4 | $ 48,000 | $ 12,000 | $ 97,000 |
| Monroe, Michigan | 3 | $ 40,000 | $ 13,333 | $ 48,000 |
| Kalamazoo, Michigan | 2 | $ 35,000 | $ 17,500 | $ 72,000 |
| St. Clair, Michigan | 2 | $ 26,000 | $ 13,000 | $ 74,000 |
| Branch, Michigan | 1 | $ 5,000 | $ 5,000 | $ 42,000 |
| Eaton, Michigan | 1 | $ 5,000 | $ 5,000 | $ 53,000 |
| Gratiot, Michigan | 1 | $ 10,000 | $ 10,000 | $ 81,000 |
| Livingston, Michigan | 1 | $ 6,000 | $ 6,000 | $ 65,000 |
| St. Joseph, Michigan | 1 | $ 5,000 | $ 5,000 | $ 16,000 |
| Tuscola, Michigan | 1 | $ 3,000 | $ 3,000 | $ 19,000 |
| Mercer, North Dakota | 1 | $ 5,000 | $ 5,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for American 1 Credit Union in 2015
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 288 | $2,317,000 | $8,000 | $37,000 | $58,000 | $195,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 | 246 | $2,079,000 | $8,000 | $37,000 | $60,000 | $195,000 |
| Black or African American | 33 | $205,000 | $6,000 | $20,000 | $49,000 | $105,000 |
| Hispanic | 5 | $14,000 | $2,000 | $4,000 | $33,000 | $45,000 |
| American Indian or Alaskan Native | 2 | $11,000 | $5,000 | $10,000 | $30,000 | $34,000 |
| Not applicable | 2 | $8,000 | $4,000 | $5,000 | $56,000 | $61,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 288 | $2,317,000 | $8,000 | $37,000 | $58,000 | $195,000 |
| 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 |
| VA-guaranteed (Veterans Administration) | 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 | 198 | $1,582,000 | $7,000 | $35,000 | $62,000 | $195,000 |
| Application Denied By Financial Institution | 65 | $495,000 | $7,000 | $35,000 | $40,000 | $141,000 |
| Application Approved But Not Accepted | 14 | $150,000 | $10,000 | $37,000 | $78,000 | $142,000 |
| File Closed For Incompleteness | 6 | $56,000 | $9,000 | $20,000 | $82,000 | $161,000 |
| Application Withdrawn By Applicant | 5 | $34,000 | $6,000 | $10,000 | $82,000 | $124,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 43 | $373,000 | $8,000 | $35,000 | $41,000 | $141,000 |
| Credit History | 14 | $60,000 | $4,000 | $15,000 | $32,000 | $100,000 |
| Collateral | 5 | $56,000 | $11,000 | $30,000 | $59,000 | $95,000 |
| Employment History | 3 | $6,000 | $2,000 | $3,000 | $25,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American 1 Credit Union's 2015 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 American 1 Credit Union'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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with aggregated HMDA statistics today.
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