Blg Holdings, LLC Mortgage Lending & HMDA Data, 2022

In 2022, Blg Holdings, LLC of Flint, MI reported 417 mortgage applications totaling $73.3 million, down 60% from 2021. The average application was for $175,743, and applicants reported an average income of $75,081. 76% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Detroit-Dearborn-Livonia, MI (144), Warren-Troy-Farmington Hills, MI (82) and Flint, MI (47) (applications in parentheses).

Mortgage Company & Address Blg Holdings, LLC
2353 S. Linden Rd. Suite A
Flint, MI 48507
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 417
Total Mortgage Loan Application Amount $73,285,000
Average Mortgage Loan Application Amount $175,743
Highest Mortgage Loan Application Amount $645,000
Average Applicant Income $75,081
Highest Applicant Income $377,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Blg Holdings, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Blg Holdings, LLC by Metropolitan Area in 2022

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Detroit-Dearborn-Livonia, MI 144 $ 23,120,000 $ 160,555 $ 67,000
Warren-Troy-Farmington Hills, MI 82 $ 17,460,000 $ 212,926 $ 87,000
Outside any metro area 52 $ 7,740,000 $ 148,846 $ 75,000
Flint, MI 47 $ 8,605,000 $ 183,085 $ 75,000
Grand Rapids-Wyoming, MI 34 $ 5,790,000 $ 170,294 $ 65,000
Monroe, MI 25 $ 4,965,000 $ 198,600 $ 87,000
Lansing-East Lansing, MI 9 $ 1,455,000 $ 161,666 $ 111,000
Saginaw, MI 7 $ 795,000 $ 113,571 $ 45,000
Jackson, MI 5 $ 875,000 $ 175,000 $ 71,000
Midland, MI 3 $ 395,000 $ 131,666 $ 46,000
Nashville-Davidson--Murfreesboro--Franklin, TN 2 $ 690,000 $ 345,000 $ 129,000
Ann Arbor, MI 1 $ 255,000 $ 255,000 $ 90,000
Bay City, MI 1 $ 85,000 $ 85,000 $ 44,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 445,000 $ 445,000 $ 224,000
Kalamazoo-Portage, MI 1 $ 255,000 $ 255,000 $ 96,000
Muskegon, MI 1 $ 115,000 $ 115,000 $ 115,000
Ocala, FL 1 $ 85,000 $ 85,000 $ 29,000
Tampa-St. Petersburg-Clearwater, FL 1 $ 155,000 $ 155,000 $ 64,000

Mortgage Loan Application Detail Totals for Blg Holdings, LLC in 2022

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 Purchase 337 $60,615,000 $179,000 $645,000 $75,000 $377,000
Cash-out Refinancing 48 $7,610,000 $158,000 $435,000 $76,000 $208,000
Refinancing 18 $2,880,000 $160,000 $395,000 $68,000 $174,000
Other Purpose 14 $2,180,000 $155,000 $445,000 $83,000 $224,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 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 298 $51,540,000 $172,000 $545,000 $75,000 $377,000
Black or African American 60 $10,300,000 $171,000 $645,000 $64,000 $331,000
Not Provided 43 $8,665,000 $201,000 $535,000 $91,000 $300,000
Hispanic 13 $2,105,000 $161,000 $265,000 $69,000 $220,000
Asian 2 $410,000 $205,000 $305,000 $95,000 $101,000
American Indian or Alaskan Native 1 $265,000 $265,000 $265,000 $49,000 $49,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 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) 235 $44,505,000 $189,000 $645,000 $88,000 $377,000
FHA-insured (Federal Housing Administration) 161 $25,415,000 $157,000 $365,000 $58,000 $163,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 18 $2,650,000 $147,000 $265,000 $56,000 $95,000
VA-guaranteed (Veterans Administration) 3 $715,000 $238,000 $305,000 $95,000 $112,000

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 317 $56,185,000 $177,000 $645,000 $78,000 $377,000
Application Withdrawn By Applicant 55 $9,485,000 $172,000 $535,000 $71,000 $264,000
Application Approved But Not Accepted 27 $4,515,000 $167,000 $545,000 $61,000 $192,000
Application Denied By Financial Institution 18 $3,100,000 $172,000 $455,000 $57,000 $136,000
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
Not applicable 399 $70,185,000 $175,000 $645,000 $76,000 $377,000
Debt-To-Income Ratio 7 $1,555,000 $222,000 $455,000 $69,000 $136,000
Credit History 4 $630,000 $157,000 $255,000 $48,000 $86,000
Collateral 3 $345,000 $115,000 $185,000 $53,000 $67,000
Other 2 $270,000 $135,000 $185,000 $37,000 $47,000
Unverifiable Information 1 $125,000 $125,000 $125,000 $55,000 $55,000
Insufficient Cash (Downpayment, Closing Cost) 1 $175,000 $175,000 $175,000 $72,000 $72,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Blg Holdings, LLC's 2022 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 Blg Holdings, LLC'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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