Chemical Bank Mortgage Lending & HMDA Data, 2019
In 2019, Chemical Bank of Midland, MI reported 9,471 mortgage applications totaling $1.7 billion, down 38% from 2018. The average application was for $179,592, and applicants reported an average income of $124,780. 60% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,453), Grand Rapids-Wyoming, MI (1,017) and Cincinnati, OH-KY-IN (477) (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 | 2019 2018 2017 |
| Total Number of Mortgage Applications | 9,471 |
| Total Mortgage Loan Application Amount | $1,700,925,000 |
| Average Mortgage Loan Application Amount | $179,592 |
| Highest Mortgage Loan Application Amount | $45,955,000 |
| Average Applicant Income | $124,780 |
| Highest Applicant Income | $8,259,000 |
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Act (HMDA) records Chemical Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 2,937 | $ 393,365,000 | $ 133,934 | $ 105,344 |
| Warren-Troy-Farmington Hills, MI | 1,453 | $ 359,565,000 | $ 247,463 | $ 153,000 |
| Grand Rapids-Wyoming, MI | 1,017 | $ 173,095,000 | $ 170,201 | $ 124,000 |
| Cincinnati, OH-KY-IN | 477 | $ 119,335,000 | $ 250,178 | $ 141,861 |
| Detroit-Dearborn-Livonia, MI | 472 | $ 132,590,000 | $ 280,911 | $ 136,000 |
| Youngstown-Warren-Boardman, OH-PA | 392 | $ 29,250,000 | $ 74,617 | $ 71,127 |
| Cleveland-Elyria, OH | 285 | $ 36,895,000 | $ 129,456 | $ 122,000 |
| Flint, MI | 245 | $ 41,365,000 | $ 168,836 | $ 110,000 |
| Dayton-Springfield-Kettering, OH | 192 | $ 40,200,000 | $ 209,375 | $ 137,000 |
| Niles-Benton Harbor, MI | 178 | $ 31,930,000 | $ 179,382 | $ 163,000 |
| Bay City, MI | 149 | $ 11,795,000 | $ 79,161 | $ 69,000 |
| Battle Creek, MI | 147 | $ 11,625,000 | $ 79,081 | $ 65,000 |
| Midland, MI | 145 | $ 23,235,000 | $ 160,241 | $ 117,000 |
| Indianapolis-Carmel-Anderson, IN | 135 | $ 18,005,000 | $ 133,370 | $ 143,000 |
| Memphis, TN-MS-AR | 109 | $ 7,295,000 | $ 66,926 | $ 129,000 |
| Lansing-East Lansing, MI | 107 | $ 10,635,000 | $ 99,392 | $ 83,000 |
| Kalamazoo-Portage, MI | 104 | $ 16,640,000 | $ 160,000 | $ 116,000 |
| Ann Arbor, MI | 84 | $ 29,610,000 | $ 352,500 | $ 215,000 |
| Saginaw, MI | 79 | $ 14,115,000 | $ 178,670 | $ 99,000 |
| Akron, OH | 77 | $ 11,175,000 | $ 145,129 | $ 95,000 |
| Kansas City, MO-KS | 49 | $ 3,955,000 | $ 80,714 | $ 139,387 |
| Columbus, OH | 42 | $ 7,690,000 | $ 183,095 | $ 116,000 |
| Muskegon, MI | 40 | $ 8,150,000 | $ 203,750 | $ 124,000 |
| South Bend-Mishawaka, IN-MI | 39 | $ 4,475,000 | $ 114,743 | $ 100,538 |
| Chicago-Naperville, IL | 36 | $ 14,960,000 | $ 415,555 | $ 298,000 |
| Birmingham-Hoover, AL | 30 | $ 2,200,000 | $ 73,333 | $ 138,000 |
| Jackson, MI | 21 | $ 2,205,000 | $ 105,000 | $ 68,000 |
| Gary, IN | 18 | $ 2,100,000 | $ 116,666 | $ 132,000 |
| Elkhart-Goshen, IN | 16 | $ 1,690,000 | $ 105,625 | $ 129,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 3,005,000 | $ 200,333 | $ 198,000 |
| Toledo, OH | 15 | $ 5,865,000 | $ 391,000 | $ 141,000 |
| St. Louis, MO-IL | 13 | $ 1,915,000 | $ 147,307 | $ 98,000 |
| Atlanta-Sandy Springs-Roswell, GA | 12 | $ 7,230,000 | $ 602,500 | $ 156,000 |
| Cape Coral-Fort Myers, FL | 12 | $ 6,140,000 | $ 511,666 | $ 306,000 |
| Little Rock-North Little Rock-Conway, AR | 12 | $ 930,000 | $ 77,500 | $ 126,000 |
| Canton-Massillon, OH | 11 | $ 985,000 | $ 89,545 | $ 55,000 |
| Jacksonville, FL | 11 | $ 1,705,000 | $ 155,000 | $ 120,000 |
| Knoxville, TN | 11 | $ 3,015,000 | $ 274,090 | $ 230,000 |
| Naples-Immokalee-Marco Island, FL | 10 | $ 4,470,000 | $ 447,000 | $ 380,000 |
| Lake County-Kenosha County, IL-WI | 9 | $ 4,025,000 | $ 447,222 | $ 502,888 |
| Seattle-Bellevue-Everett, WA | 9 | $ 5,295,000 | $ 588,333 | $ 222,000 |
| Los Angeles-Long Beach-Glendale, CA | 8 | $ 5,440,000 | $ 680,000 | $ 149,000 |
| Orlando-Kissimmee-Sanford, FL | 8 | $ 1,630,000 | $ 203,750 | $ 137,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 5,900,000 | $ 737,500 | $ 305,666 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 1,555,000 | $ 222,142 | $ 170,000 |
| Monroe, MI | 7 | $ 1,035,000 | $ 147,857 | $ 71,000 |
| Montgomery, AL | 7 | $ 315,000 | $ 45,000 | $ 94,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 4,475,000 | $ 639,285 | $ 527,000 |
| Fort Wayne, IN | 6 | $ 2,050,000 | $ 341,666 | $ 296,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 3,585,000 | $ 717,000 | $ 55,000 |
| Fayetteville, NC | 5 | $ 235,000 | $ 47,000 | $ 114,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 1,735,000 | $ 347,000 | $ 74,000 |
| Phoenix-Mesa-Scottsdale, AZ | 5 | $ 1,435,000 | $ 287,000 | $ 138,000 |
| Pittsburgh, PA | 5 | $ 1,165,000 | $ 233,000 | $ 136,000 |
| Punta Gorda, FL | 5 | $ 1,615,000 | $ 323,000 | $ 144,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 4,575,000 | $ 915,000 | $ 305,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,900,000 | $ 475,000 | $ 465,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 2,060,000 | $ 515,000 | $ 276,000 |
| Huntsville, AL | 4 | $ 320,000 | $ 80,000 | $ 113,000 |
| Lexington-Fayette, KY | 4 | $ 1,960,000 | $ 490,000 | $ 186,000 |
| Michigan City-La Porte, IN | 4 | $ 1,200,000 | $ 300,000 | $ 252,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 2,120,000 | $ 530,000 | $ 812,000 |
| Oklahoma City, OK | 4 | $ 380,000 | $ 95,000 | $ 316,000 |
| Port St. Lucie, FL | 4 | $ 990,000 | $ 247,500 | $ 244,000 |
| Springfield, OH | 4 | $ 340,000 | $ 85,000 | $ 68,000 |
| Duluth, MN-WI | 3 | $ 105,000 | $ 35,000 | $ 81,000 |
| Jackson, MS | 3 | $ 205,000 | $ 68,333 | $ 126,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 1,165,000 | $ 388,333 | $ 81,000 |
| New Orleans-Metairie, LA | 3 | $ 1,325,000 | $ 441,666 | $ 157,000 |
| Reno, NV | 3 | $ 1,665,000 | $ 555,000 | $ 0 |
| San Diego-Carlsbad, CA | 3 | $ 2,125,000 | $ 708,333 | $ 331,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 3 | $ 335,000 | $ 111,666 | $ 92,000 |
| Sebastian-Vero Beach, FL | 3 | $ 945,000 | $ 315,000 | $ 221,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 800,000 | $ 400,000 | $ 174,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 740,000 | $ 370,000 | $ 156,000 |
| Bloomington, IN | 2 | $ 940,000 | $ 470,000 | $ 105,000 |
| Davenport-Moline-Rock Island, IA-IL | 2 | $ 220,000 | $ 110,000 | $ 350,000 |
| Decatur, AL | 2 | $ 290,000 | $ 145,000 | $ 62,000 |
| Durham-Chapel Hill, NC | 2 | $ 230,000 | $ 115,000 | $ 127,000 |
| Evansville, IN-KY | 2 | $ 760,000 | $ 380,000 | $ 219,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 960,000 | $ 480,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 930,000 | $ 465,000 | $ 168,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 550,000 | $ 275,000 | $ 150,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 900,000 | $ 450,000 | $ 193,000 |
| Madison, WI | 2 | $ 230,000 | $ 115,000 | $ 85,000 |
| Muncie, IN | 2 | $ 60,000 | $ 30,000 | $ 32,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,620,000 | $ 810,000 | $ 0 |
| Ocala, FL | 2 | $ 580,000 | $ 290,000 | $ 297,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 220,000 | $ 110,000 | $ 254,000 |
| Philadelphia, PA | 2 | $ 610,000 | $ 305,000 | $ 90,000 |
| Racine, WI | 2 | $ 160,000 | $ 80,000 | $ 168,000 |
| Raleigh, NC | 2 | $ 870,000 | $ 435,000 | $ 121,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 980,000 | $ 490,000 | $ 332,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 970,000 | $ 485,000 | $ 76,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 2,040,000 | $ 1,020,000 | $ 0 |
| Savannah, GA | 2 | $ 940,000 | $ 470,000 | $ 330,000 |
| Sebring, FL | 2 | $ 220,000 | $ 110,000 | $ 58,000 |
| Tucson, AZ | 2 | $ 1,100,000 | $ 550,000 | $ 437,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 710,000 | $ 355,000 | $ 120,000 |
| Warner Robins, GA | 2 | $ 150,000 | $ 75,000 | $ 69,000 |
| Washington-Baltimore-Arlington, DC | 2 | $ 2,270,000 | $ 1,135,000 | $ 0 |
| York-Hanover, PA | 2 | $ 210,000 | $ 105,000 | $ 111,000 |
| Athens-Clarke County, GA | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Bend-Redmond, OR | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Boise City, ID | 1 | $ 185,000 | $ 185,000 | $ 31,000 |
| Boston, MA | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Boulder, CO | 1 | $ 575,000 | $ 575,000 | $ 1,588,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 1,025,000 | $ 1,025,000 | $ 0 |
| California-Lexington Park, MD | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 365,000 | $ 365,000 | $ 88,000 |
| Cape Girardeau, MO-IL | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Carbondale-Marion, IL | 1 | $ 215,000 | $ 215,000 | $ 390,000 |
| Columbia, MO | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Columbia, SC | 1 | $ 125,000 | $ 125,000 | $ 177,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 435,000 | $ 435,000 | $ 80,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 42,000 |
| East Stroudsburg, PA | 1 | $ 735,000 | $ 735,000 | $ 576,000 |
| Elgin, IL | 1 | $ 525,000 | $ 525,000 | $ 230,000 |
| Erie, PA | 1 | $ 475,000 | $ 475,000 | $ 179,000 |
| Gainesville, FL | 1 | $ 705,000 | $ 705,000 | $ 0 |
| Gettysburg, PA | 1 | $ 415,000 | $ 415,000 | $ 1,000 |
| Green Bay, WI | 1 | $ 575,000 | $ 575,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 45,000 | $ 45,000 | $ 82,000 |
| Joplin, MO | 1 | $ 385,000 | $ 385,000 | $ 575,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 385,000 | $ 385,000 | $ 340,000 |
| Lima, OH | 1 | $ 55,000 | $ 55,000 | $ 397,000 |
| Lynchburg, VA | 1 | $ 275,000 | $ 275,000 | $ 79,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 545,000 | $ 545,000 | $ 0 |
| New York-Newark, NY | 1 | $ 345,000 | $ 345,000 | $ 97,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 195,000 | $ 195,000 | $ 156,000 |
| Providence-Warwick, RI-MA | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Richmond, VA | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Salinas, CA | 1 | $ 1,395,000 | $ 1,395,000 | $ 0 |
| Salt Lake City, UT | 1 | $ 1,005,000 | $ 1,005,000 | $ 227,000 |
| San Rafael, CA | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Santa Fe, NM | 1 | $ 425,000 | $ 425,000 | $ 66,000 |
| Springfield, MA | 1 | $ 315,000 | $ 315,000 | $ 74,000 |
| Stockton-Lodi, CA | 1 | $ 165,000 | $ 165,000 | $ 171,000 |
| Sumter, SC | 1 | $ 95,000 | $ 95,000 | $ 91,000 |
| Terre Haute, IN | 1 | $ 215,000 | $ 215,000 | $ 58,000 |
| The Villages, FL | 1 | $ 185,000 | $ 185,000 | $ 37,000 |
| Tulsa, OK | 1 | $ 65,000 | $ 65,000 | $ 115,000 |
| Wilmington, DE-MD-NJ | 1 | $ 65,000 | $ 65,000 | $ 94,000 |
| Wilmington, NC | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Yakima, WA | 1 | $ 545,000 | $ 545,000 | $ 0 |
Mortgage Loan Application Detail Totals for Chemical Bank in 2019
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 | 4,268 | $944,650,000 | $221,000 | $4,105,000 | $131,000 | $6,006,000 |
| Refinancing | 1,727 | $338,325,000 | $195,000 | $5,005,000 | $143,000 | $8,259,000 |
| Home Improvement | 1,225 | $114,315,000 | $93,000 | $45,955,000 | $111,000 | $2,856,000 |
| Cash-out Refinancing | 1,189 | $239,325,000 | $201,000 | $2,085,000 | $115,000 | $2,492,000 |
| Other Purpose | 1,062 | $64,310,000 | $60,000 | $1,445,000 | $97,000 | $2,590,000 |
| 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 | 7,334 | $1,247,040,000 | $170,000 | $4,105,000 | $124,000 | $8,259,000 |
| Not Provided | 1,114 | $174,500,000 | $156,000 | $1,855,000 | $141,000 | $1,500,000 |
| Black or African American | 356 | $46,890,000 | $131,000 | $1,145,000 | $84,000 | $1,632,000 |
| Hispanic | 243 | $35,125,000 | $144,000 | $2,065,000 | $81,000 | $986,000 |
| Asian | 202 | $35,730,000 | $176,000 | $1,425,000 | $185,000 | $2,397,000 |
| Not applicable | 165 | $151,885,000 | $920,000 | $45,955,000 | $0 | $0 |
| American Indian or Alaskan Native | 25 | $3,615,000 | $144,000 | $755,000 | $105,000 | $458,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $895,000 | $127,000 | $465,000 | $120,000 | $200,000 |
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) | 8,763 | $1,596,825,000 | $182,000 | $45,955,000 | $130,000 | $8,259,000 |
| FHA-insured (Federal Housing Administration) | 505 | $67,805,000 | $134,000 | $325,000 | $57,000 | $240,000 |
| VA-guaranteed (Veterans Administration) | 139 | $28,665,000 | $206,000 | $565,000 | $83,000 | $394,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 64 | $7,630,000 | $119,000 | $275,000 | $44,000 | $79,000 |
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 | 5,728 | $1,100,430,000 | $192,000 | $45,955,000 | $133,000 | $6,006,000 |
| Application Denied By Financial Institution | 1,680 | $168,830,000 | $100,000 | $4,105,000 | $85,000 | $1,964,000 |
| Application Withdrawn By Applicant | 973 | $196,215,000 | $201,000 | $1,805,000 | $133,000 | $2,397,000 |
| Application Approved But Not Accepted | 796 | $118,060,000 | $148,000 | $4,005,000 | $123,000 | $2,156,000 |
| File Closed For Incompleteness | 174 | $48,230,000 | $277,000 | $2,755,000 | $200,000 | $8,259,000 |
| Loan Purchased By The Institution | 94 | $64,940,000 | $690,000 | $1,455,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 22 | $3,710,000 | $168,000 | $365,000 | $55,000 | $260,000 |
| Preapproval Approved but not Accepted | 4 | $510,000 | $127,000 | $205,000 | $40,000 | $53,000 |
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 | 7,769 | $1,528,385,000 | $196,000 | $45,955,000 | $133,000 | $8,259,000 |
| Credit History | 748 | $50,130,000 | $67,000 | $1,505,000 | $74,000 | $1,699,000 |
| Debt-To-Income Ratio | 560 | $71,780,000 | $128,000 | $1,265,000 | $62,000 | $367,000 |
| Collateral | 278 | $35,050,000 | $126,000 | $4,105,000 | $151,000 | $1,964,000 |
| Other | 46 | $7,140,000 | $155,000 | $975,000 | $131,000 | $680,000 |
| Employment History | 23 | $3,545,000 | $154,000 | $485,000 | $42,000 | $120,000 |
| Unverifiable Information | 18 | $1,030,000 | $57,000 | $205,000 | $97,000 | $256,000 |
| Credit Application Incomplete | 14 | $2,070,000 | $147,000 | $415,000 | $209,000 | $969,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $1,750,000 | $125,000 | $315,000 | $63,000 | $202,000 |
| Mortgage Insurance Denied | 1 | $45,000 | $45,000 | $45,000 | $26,000 | $26,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Chemical Bank's 2019 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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