Chemical Bank Mortgage Lending & HMDA Data, 2016

In 2016, Chemical Bank of Midland, MI reported 8,630 mortgage applications totaling $1.5 billion, up 14% from 2015. The average application was for $171,798, and applicants reported an average income of $105,864. 68% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Grand Rapids-Wyoming, MI (1,452), Niles-Benton Harbor, MI (385) and Warren-Troy-Farmington Hills, MI (368) (applications in parentheses).

Mortgage Company & Address Chemical Bank
333 E Main Street
Midland, MI 48640
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 8,630
Total Mortgage Loan Application Amount $1,482,625,000
Average Mortgage Loan Application Amount $171,798
Highest Mortgage Loan Application Amount $22,500,000
Average Applicant Income $105,864
Highest Applicant Income $3,783,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Chemical Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Chemical Bank by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Kent, Michigan 668 $ 159,447,000 $ 238,693 $ 112,000
Ottawa, Michigan 465 $ 109,948,000 $ 236,447 $ 123,000
Grand Traverse, Michigan 459 $ 102,430,000 $ 223,159 $ 121,000
Berrien, Michigan 385 $ 64,139,000 $ 166,594 $ 107,000
Allegan, Michigan 354 $ 60,056,000 $ 169,649 $ 97,000
Midland, Michigan 303 $ 48,030,000 $ 158,514 $ 127,000
Emmet, Michigan 288 $ 65,146,000 $ 226,201 $ 152,000
Bay, Michigan 243 $ 27,442,000 $ 112,930 $ 62,000
Oakland, Michigan 212 $ 78,079,000 $ 368,297 $ 189,000
Calhoun, Michigan 188 $ 14,455,000 $ 76,888 $ 79,000
Wexford, Michigan 188 $ 21,358,000 $ 113,606 $ 85,000
Montcalm, Michigan 183 $ 15,214,000 $ 83,136 $ 61,000
Kalamazoo, Michigan 181 $ 37,770,000 $ 208,674 $ 113,000
Van Buren, Michigan 177 $ 25,019,000 $ 141,350 $ 121,000
Leelanau, Michigan 174 $ 50,010,000 $ 287,413 $ 160,000
Gladwin, Michigan 158 $ 11,148,000 $ 70,556 $ 70,000
Roscommon, Michigan 153 $ 12,050,000 $ 78,758 $ 63,000
Otsego, Michigan 146 $ 14,261,000 $ 97,678 $ 81,000
Mecosta, Michigan 142 $ 16,745,000 $ 117,922 $ 77,000
Charlevoix, Michigan 137 $ 34,694,000 $ 253,240 $ 171,000
Barry, Michigan 136 $ 18,111,000 $ 133,169 $ 76,000
Shiawassee, Michigan 136 $ 11,694,000 $ 85,985 $ 69,000
Saginaw, Michigan 129 $ 19,352,000 $ 150,015 $ 88,000
Wayne, Michigan 123 $ 31,409,000 $ 255,357 $ 142,000
Clare, Michigan 114 $ 5,632,000 $ 49,403 $ 67,000
Osceola, Michigan 105 $ 8,007,000 $ 76,257 $ 62,000
Tuscola, Michigan 105 $ 9,087,000 $ 86,542 $ 73,000
Cass, Michigan 99 $ 14,234,000 $ 143,777 $ 86,000
Hamilton, Ohio 94 $ 23,301,000 $ 247,882 $ 154,000
Missaukee, Michigan 91 $ 10,340,000 $ 113,626 $ 86,000
Genesee, Michigan 87 $ 11,162,000 $ 128,298 $ 99,000
Mason, Michigan 87 $ 12,540,000 $ 144,137 $ 96,000
Ogemaw, Michigan 84 $ 6,009,000 $ 71,535 $ 53,000
Kalkaska, Michigan 81 $ 7,836,000 $ 96,740 $ 73,000
Antrim, Michigan 79 $ 15,806,000 $ 200,075 $ 182,000
Huron, Michigan 78 $ 6,084,000 $ 78,000 $ 88,000
Iosco, Michigan 75 $ 5,297,000 $ 70,626 $ 59,000
Branch, Michigan 74 $ 8,764,000 $ 118,432 $ 75,000
Newaygo, Michigan 68 $ 9,134,000 $ 134,323 $ 79,000
Benzie, Michigan 66 $ 11,780,000 $ 178,484 $ 121,000
Crawford, Michigan 66 $ 6,364,000 $ 96,424 $ 87,000
Macomb, Michigan 64 $ 12,817,000 $ 200,265 $ 96,000
Isabella, Michigan 58 $ 5,315,000 $ 91,637 $ 67,000
Manistee, Michigan 55 $ 8,734,000 $ 158,800 $ 83,000
Gratiot, Michigan 54 $ 4,289,000 $ 79,425 $ 62,000
Cheboygan, Michigan 51 $ 8,688,000 $ 170,352 $ 133,000
Alpena, Michigan 47 $ 5,036,000 $ 107,148 $ 70,000
Hillsdale, Michigan 46 $ 2,945,000 $ 64,021 $ 58,000
St. Clair, Michigan 46 $ 6,852,000 $ 148,956 $ 102,000
Arenac, Michigan 44 $ 2,887,000 $ 65,613 $ 53,000
Marion, Indiana 41 $ 2,963,000 $ 72,268 $ 119,000
Muskegon, Michigan 41 $ 9,474,000 $ 231,073 $ 104,000
Cuyahoga, Ohio 38 $ 5,508,000 $ 144,947 $ 142,000
Sanilac, Michigan 34 $ 2,111,000 $ 62,088 $ 54,000
Presque Isle, Michigan 33 $ 2,329,000 $ 70,575 $ 76,000
Jackson, Missouri 32 $ 2,167,000 $ 67,718 $ 121,000
Butler, Ohio 31 $ 3,550,000 $ 114,516 $ 97,000
Trumbull, Ohio 29 $ 2,849,000 $ 98,241 $ 54,000
Clinton, Michigan 28 $ 3,233,000 $ 115,464 $ 74,000
Lake, Michigan 28 $ 3,175,000 $ 113,392 $ 94,000
Livingston, Michigan 28 $ 8,209,000 $ 293,178 $ 170,000
Washtenaw, Michigan 26 $ 5,570,000 $ 214,230 $ 87,000
Montgomery, Ohio 26 $ 6,505,000 $ 250,192 $ 226,000
Ionia, Michigan 24 $ 2,183,000 $ 90,958 $ 64,000
Ingham, Michigan 23 $ 12,506,000 $ 543,739 $ 284,000
Mahoning, Ohio 23 $ 2,416,000 $ 105,043 $ 65,000
Warren, Ohio 21 $ 5,173,000 $ 246,333 $ 144,000
Oceana, Michigan 20 $ 3,166,000 $ 158,300 $ 124,000
Alcona, Michigan 18 $ 2,069,000 $ 114,944 $ 81,000
Lapeer, Michigan 18 $ 2,212,000 $ 122,888 $ 82,000
Montmorency, Michigan 18 $ 1,613,000 $ 89,611 $ 67,000
Lorain, Ohio 18 $ 2,923,000 $ 162,388 $ 76,000
Greene, Ohio 15 $ 3,170,000 $ 211,333 $ 120,000
Jefferson, Alabama 14 $ 872,000 $ 62,285 $ 123,000
Oscoda, Michigan 14 $ 1,188,000 $ 84,857 $ 59,000
Franklin, Ohio 14 $ 2,615,000 $ 186,785 $ 102,000
Eaton, Michigan 13 $ 5,206,000 $ 400,461 $ 79,000
Cook, Illinois 11 $ 5,102,000 $ 463,818 $ 247,000
St. Joseph, Indiana 11 $ 1,990,000 $ 180,909 $ 101,000
Clermont, Ohio 10 $ 2,855,000 $ 285,500 $ 135,000
Jackson, Michigan 9 $ 608,000 $ 67,555 $ 44,000
Summit, Ohio 9 $ 2,206,000 $ 245,111 $ 78,000
Campbell, Kentucky 8 $ 1,281,000 $ 160,125 $ 88,000
Collier, Florida 7 $ 3,674,000 $ 524,857 $ 666,000
Elkhart, Indiana 7 $ 1,007,000 $ 143,857 $ 50,000
Mackinac, Michigan 7 $ 3,790,000 $ 541,428 $ 165,000
St. Joseph, Michigan 7 $ 1,926,000 $ 275,142 $ 155,000
Medina, Ohio 7 $ 974,000 $ 139,142 $ 79,000
Allen, Indiana 6 $ 1,570,000 $ 261,666 $ 124,000
Lake, Indiana 6 $ 475,000 $ 79,166 $ 111,000
Montgomery, Maryland 6 $ 2,284,000 $ 380,666 $ 182,000
Stark, Ohio 6 $ 1,126,000 $ 187,666 $ 100,000
Sarasota, Florida 5 $ 2,281,000 $ 456,200 $ 261,000
Boone, Kentucky 5 $ 1,061,000 $ 212,200 $ 97,000
Kenton, Kentucky 5 $ 1,162,000 $ 232,400 $ 210,000
Monroe, Michigan 5 $ 1,132,000 $ 226,400 $ 82,000
Lucas, Ohio 5 $ 898,000 $ 179,600 $ 120,000
Portage, Ohio 5 $ 546,000 $ 109,200 $ 74,000
Shelby, Tennessee 5 $ 325,000 $ 65,000 $ 88,000
Volusia, Florida 4 $ 371,000 $ 92,750 $ 141,000
Chippewa, Michigan 4 $ 407,000 $ 101,750 $ 92,000
Delaware, Ohio 4 $ 1,090,000 $ 272,500 $ 140,000
Hillsborough, Florida 3 $ 1,428,000 $ 476,000 $ 151,000
Johnson, Indiana 3 $ 260,000 $ 86,666 $ 390,000
Steuben, Indiana 3 $ 1,301,000 $ 433,666 $ 238,000
Columbiana, Ohio 3 $ 22,704,000 $ 7,568,000 $ 44,000
Wood, Ohio 3 $ 712,000 $ 237,333 $ 131,000
Alameda, California 2 $ 966,000 $ 483,000 $ 111,000
Manatee, Florida 2 $ 605,000 $ 302,500 $ 394,000
Osceola, Florida 2 $ 294,000 $ 147,000 $ 332,000
Palm Beach, Florida 2 $ 752,000 $ 376,000 $ 94,000
Dearborn, Indiana 2 $ 464,000 $ 232,000 $ 142,000
Hamilton, Indiana 2 $ 345,000 $ 172,500 $ 193,000
LaPorte, Indiana 2 $ 2,421,000 $ 1,210,500 $ 518,000
Porter, Indiana 2 $ 193,000 $ 96,500 $ 51,000
Fayette, Kentucky 2 $ 410,000 $ 205,000 $ 59,000
Jefferson, Kentucky 2 $ 285,000 $ 142,500 $ 145,000
Alger, Michigan 2 $ 365,000 $ 182,500 $ 417,000
Lenawee, Michigan 2 $ 121,000 $ 60,500 $ 75,000
Platte, Missouri 2 $ 296,000 $ 148,000 $ 220,000
Auglaize, Ohio 2 $ 588,000 $ 294,000 $ 77,000
Brown, Ohio 2 $ 455,000 $ 227,500 $ 263,000
Lake, Ohio 2 $ 276,000 $ 138,000 $ 84,000
Union, Ohio 2 $ 425,000 $ 212,500 $ 124,000
Wayne, Ohio 2 $ 198,000 $ 99,000 $ 54,000
Marion, Tennessee 2 $ 433,000 $ 216,500 $ 101,000
Alexandria, Virginia 2 $ 771,000 $ 385,500 $ 125,000
Milwaukee, Wisconsin 2 $ 364,000 $ 182,000 $ 137,000
Montgomery, Alabama 1 $ 68,000 $ 68,000 $ 29,000
Pinal, Arizona 1 $ 194,000 $ 194,000 $ 302,000
Eagle, Colorado 1 $ 1,888,000 $ 1,888,000 $ 350,000
Grand, Colorado 1 $ 500,000 $ 500,000 $ 640,000
Jefferson, Colorado 1 $ 202,000 $ 202,000 $ 128,000
Sussex, Delaware 1 $ 400,000 $ 400,000 $ 195,000
District of Columbia, District Of Columbia 1 $ 700,000 $ 700,000 $ 211,000
Citrus, Florida 1 $ 276,000 $ 276,000 $ 130,000
Duval, Florida 1 $ 75,000 $ 75,000 $ 110,000
Escambia, Florida 1 $ 150,000 $ 150,000 $ 0
Highlands, Florida 1 $ 76,000 $ 76,000 $ 46,000
Lee, Florida 1 $ 550,000 $ 550,000 $ 300,000
Miami-Dade, Florida 1 $ 1,943,000 $ 1,943,000 $ 450,000
Polk, Florida 1 $ 115,000 $ 115,000 $ 277,000
Boone, Indiana 1 $ 108,000 $ 108,000 $ 269,000
LaGrange, Indiana 1 $ 132,000 $ 132,000 $ 68,000
Putnam, Indiana 1 $ 45,000 $ 45,000 $ 94,000
Warrick, Indiana 1 $ 500,000 $ 500,000 $ 199,000
Wells, Indiana 1 $ 154,000 $ 154,000 $ 38,000
Whitley, Indiana 1 $ 207,000 $ 207,000 $ 74,000
Frederick, Maryland 1 $ 490,000 $ 490,000 $ 160,000
Howard, Maryland 1 $ 809,000 $ 809,000 $ 204,000
Prince George's, Maryland 1 $ 303,000 $ 303,000 $ 313,000
Schoolcraft, Michigan 1 $ 71,000 $ 71,000 $ 58,000
St. Louis, Missouri 1 $ 72,000 $ 72,000 $ 105,000
St. Louis City, Missouri 1 $ 119,000 $ 119,000 $ 39,000
Clark, Nevada 1 $ 523,000 $ 523,000 $ 187,000
Richmond, New York 1 $ 385,000 $ 385,000 $ 74,000
Mecklenburg, North Carolina 1 $ 64,000 $ 64,000 $ 100,000
Yancey, North Carolina 1 $ 9,000 $ 9,000 $ 14,000
Geauga, Ohio 1 $ 80,000 $ 80,000 $ 53,000
Knox, Ohio 1 $ 233,000 $ 233,000 $ 82,000
Licking, Ohio 1 $ 294,000 $ 294,000 $ 182,000
Marion, Ohio 1 $ 193,000 $ 193,000 $ 239,000
Ross, Ohio 1 $ 388,000 $ 388,000 $ 179,000
Clarion, Pennsylvania 1 $ 231,000 $ 231,000 $ 80,000
Lawrence, Pennsylvania 1 $ 417,000 $ 417,000 $ 780,000
Northampton, Pennsylvania 1 $ 417,000 $ 417,000 $ 104,000
Campbell, Tennessee 1 $ 333,000 $ 333,000 $ 231,000
Chesterfield, Virginia 1 $ 276,000 $ 276,000 $ 76,000
Fairfax, Virginia 1 $ 482,000 $ 482,000 $ 200,000
Clark, Washington 1 $ 376,000 $ 376,000 $ 187,000
San Juan, Washington 1 $ 640,000 $ 640,000 $ 40,000
Green, Wisconsin 1 $ 127,000 $ 127,000 $ 95,000
Sauk, Wisconsin 1 $ 800,000 $ 800,000 $ 1,023,000
Walworth, Wisconsin 1 $ 54,000 $ 54,000 $ 35,000

Mortgage Loan Application Detail Totals for Chemical Bank in 2016

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 3,775 $769,076,000 $203,000 $11,400,000 $112,000 $3,536,000
Refinancing 3,346 $595,483,000 $177,000 $22,500,000 $107,000 $2,803,000
Home Improvement 1,509 $118,066,000 $78,000 $7,300,000 $88,000 $3,783,000

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 7,313 $1,189,418,000 $162,000 $5,270,000 $109,000 $3,783,000
Not Provided 674 $78,077,000 $115,000 $1,450,000 $119,000 $2,500,000
Not applicable 210 $154,099,000 $733,000 $22,500,000 $0 $0
Hispanic 160 $18,039,000 $112,000 $846,000 $76,000 $505,000
Black or African American 117 $14,517,000 $124,000 $1,525,000 $80,000 $527,000
Asian 111 $22,185,000 $199,000 $1,138,000 $132,000 $639,000
American Indian or Alaskan Native 31 $3,482,000 $112,000 $600,000 $99,000 $711,000
Native Hawaiin or Other Pacific Islander 14 $2,808,000 $200,000 $748,000 $188,000 $500,000

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) 7,974 $1,405,007,000 $176,000 $22,500,000 $111,000 $3,783,000
FHA-insured (Federal Housing Administration) 380 $44,039,000 $115,000 $276,000 $51,000 $831,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 181 $17,704,000 $97,000 $220,000 $39,000 $89,000
VA-guaranteed (Veterans Administration) 95 $15,875,000 $167,000 $509,000 $65,000 $198,000

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 5,871 $1,109,027,000 $188,000 $22,500,000 $111,000 $3,783,000
Application Denied By Financial Institution 1,309 $129,514,000 $98,000 $2,500,000 $70,000 $1,401,000
Application Withdrawn By Applicant 803 $159,563,000 $198,000 $2,920,000 $130,000 $2,803,000
Application Approved But Not Accepted 431 $37,469,000 $86,000 $936,000 $98,000 $1,204,000
File Closed For Incompleteness 167 $40,371,000 $241,000 $3,100,000 $131,000 $868,000
Preapproval Denied by Financial Institution 49 $6,681,000 $136,000 $585,000 $103,000 $2,766,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Chemical Bank's 2016 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 Chemical Bank'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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