Chemical Bank Mortgage Lending & HMDA Data, 2017
In 2017, Chemical Bank of Midland, MI reported 13,714 mortgage applications totaling $2.6 billion. The average application was for $190,752, and applicants reported an average income of $111,221. 70% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,876), Grand Rapids-Wyoming, MI (1,418) and Cincinnati, OH-KY-IN (1,029) (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 | 13,714 |
| Total Mortgage Loan Application Amount | $2,615,975,000 |
| Average Mortgage Loan Application Amount | $190,752 |
| Highest Mortgage Loan Application Amount | $43,400,000 |
| Average Applicant Income | $111,221 |
| Highest Applicant Income | $3,604,000 |
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Act (HMDA) records Chemical Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 1,876 | $ 558,657,000 | $ 297,791 | $ 158,000 |
| Grand Rapids-Wyoming, MI | 1,418 | $ 344,840,000 | $ 243,187 | $ 105,000 |
| Cincinnati, OH-KY-IN | 1,029 | $ 236,957,000 | $ 230,278 | $ 125,312 |
| Detroit-Dearborn-Livonia, MI | 537 | $ 130,587,000 | $ 243,178 | $ 129,000 |
| Youngstown-Warren-Boardman, OH-PA | 434 | $ 41,895,000 | $ 96,532 | $ 68,917 |
| Kalamazoo-Portage, MI | 369 | $ 65,855,000 | $ 178,468 | $ 107,000 |
| Cleveland-Elyria, OH | 357 | $ 56,582,000 | $ 158,492 | $ 115,000 |
| Niles-Benton Harbor, MI | 336 | $ 55,308,000 | $ 164,607 | $ 96,000 |
| Midland, MI | 306 | $ 38,345,000 | $ 125,310 | $ 97,000 |
| Dayton, OH | 290 | $ 54,028,000 | $ 186,303 | $ 122,000 |
| Indianapolis-Carmel-Anderson, IN | 261 | $ 24,523,000 | $ 93,957 | $ 122,000 |
| Bay City, MI | 251 | $ 20,056,000 | $ 79,904 | $ 79,000 |
| Flint, MI | 222 | $ 32,415,000 | $ 146,013 | $ 94,000 |
| Battle Creek, MI | 219 | $ 19,505,000 | $ 89,063 | $ 75,000 |
| Kansas City, MO-KS | 199 | $ 18,146,000 | $ 91,185 | $ 121,165 |
| Saginaw, MI | 127 | $ 21,078,000 | $ 165,968 | $ 108,000 |
| Ann Arbor, MI | 116 | $ 42,462,000 | $ 366,051 | $ 188,000 |
| Lansing-East Lansing, MI | 80 | $ 22,120,000 | $ 276,500 | $ 85,000 |
| South Bend-Mishawaka, IN-MI | 77 | $ 16,503,000 | $ 214,324 | $ 117,636 |
| Muskegon, MI | 70 | $ 22,319,000 | $ 318,842 | $ 113,000 |
| Akron, OH | 68 | $ 8,818,000 | $ 129,676 | $ 91,000 |
| Columbus, OH | 60 | $ 10,450,000 | $ 174,166 | $ 120,000 |
| Memphis, TN-MS-AR | 56 | $ 3,311,000 | $ 59,125 | $ 98,535 |
| Birmingham-Hoover, AL | 53 | $ 4,112,000 | $ 77,584 | $ 126,000 |
| Chicago-Naperville-Arlington Heights, IL | 44 | $ 11,671,000 | $ 265,250 | $ 156,000 |
| Jackson, MI | 29 | $ 3,924,000 | $ 135,310 | $ 79,000 |
| Toledo, OH | 21 | $ 6,280,000 | $ 299,047 | $ 75,000 |
| Monroe, MI | 19 | $ 5,413,000 | $ 284,894 | $ 89,000 |
| Silver Spring-Frederick-Rockville, MD | 18 | $ 7,594,000 | $ 421,888 | $ 172,000 |
| Cape Coral-Fort Myers, FL | 15 | $ 8,315,000 | $ 554,333 | $ 350,000 |
| Jacksonville, FL | 14 | $ 1,992,000 | $ 142,285 | $ 143,000 |
| Elkhart-Goshen, IN | 13 | $ 1,453,000 | $ 111,769 | $ 88,000 |
| Tampa-St. Petersburg-Clearwater, FL | 13 | $ 1,775,000 | $ 136,538 | $ 142,000 |
| St. Louis, MO-IL | 12 | $ 999,000 | $ 83,250 | $ 122,000 |
| Huntsville, AL | 11 | $ 660,000 | $ 60,000 | $ 112,000 |
| Naples-Immokalee-Marco Island, FL | 11 | $ 5,680,000 | $ 516,363 | $ 658,000 |
| Canton-Massillon, OH | 10 | $ 1,049,000 | $ 104,900 | $ 89,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 10 | $ 2,186,000 | $ 218,600 | $ 166,000 |
| Milwaukee-Waukesha-West Allis, WI | 10 | $ 1,444,000 | $ 144,400 | $ 119,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 2,986,000 | $ 331,777 | $ 135,111 |
| Charlotte-Concord-Gastonia, NC-SC | 7 | $ 1,492,000 | $ 213,142 | $ 139,428 |
| Gary, IN | 7 | $ 870,000 | $ 124,285 | $ 147,000 |
| Knoxville, TN | 7 | $ 2,449,000 | $ 349,857 | $ 323,000 |
| Little Rock-North Little Rock-Conway, AR | 7 | $ 342,000 | $ 48,857 | $ 83,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 3,077,000 | $ 439,571 | $ 448,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 2,700,000 | $ 385,714 | $ 284,000 |
| Asheville, NC | 6 | $ 1,291,000 | $ 215,166 | $ 153,000 |
| Atlanta-Sandy Springs-Roswell, GA | 6 | $ 1,206,000 | $ 201,000 | $ 116,000 |
| Baltimore-Columbia-Towson, MD | 6 | $ 1,793,000 | $ 298,833 | $ 111,000 |
| Jackson, MS | 6 | $ 363,000 | $ 60,500 | $ 150,000 |
| Phoenix-Mesa-Scottsdale, AZ | 6 | $ 4,175,000 | $ 695,833 | $ 383,000 |
| Pittsburgh, PA | 6 | $ 595,000 | $ 99,166 | $ 72,000 |
| Raleigh, NC | 6 | $ 1,540,000 | $ 256,666 | $ 123,000 |
| Springfield, OH | 6 | $ 1,049,000 | $ 174,833 | $ 82,000 |
| Lakeland-Winter Haven, FL | 5 | $ 793,000 | $ 158,600 | $ 69,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 2,234,000 | $ 446,800 | $ 176,000 |
| Denver-Aurora-Lakewood, CO | 4 | $ 1,904,000 | $ 476,000 | $ 215,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,194,000 | $ 298,500 | $ 278,000 |
| Louisville/Jefferson County, KY-IN | 4 | $ 865,000 | $ 216,250 | $ 97,000 |
| Montgomery County-Bucks County-Chester County, PA | 4 | $ 1,493,000 | $ 373,250 | $ 187,000 |
| Oklahoma City, OK | 4 | $ 718,000 | $ 179,500 | $ 148,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 1,728,000 | $ 432,000 | $ 128,000 |
| Albany, GA | 3 | $ 304,000 | $ 101,333 | $ 119,000 |
| Bremerton-Silverdale, WA | 3 | $ 439,000 | $ 146,333 | $ 139,000 |
| Gainesville, FL | 3 | $ 564,000 | $ 188,000 | $ 176,000 |
| Montgomery, AL | 3 | $ 252,000 | $ 84,000 | $ 127,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 1,248,000 | $ 416,000 | $ 149,333 |
| Port St. Lucie, FL | 3 | $ 469,000 | $ 156,333 | $ 156,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 764,000 | $ 254,666 | $ 111,000 |
| Punta Gorda, FL | 3 | $ 473,000 | $ 157,666 | $ 142,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 925,000 | $ 308,333 | $ 161,000 |
| Tucson, AZ | 3 | $ 564,000 | $ 188,000 | $ 202,000 |
| Winston-Salem, NC | 3 | $ 535,000 | $ 178,333 | $ 68,000 |
| Athens-Clarke County, GA | 2 | $ 252,000 | $ 126,000 | $ 236,000 |
| Charleston-North Charleston, SC | 2 | $ 806,000 | $ 403,000 | $ 275,000 |
| Elizabethtown-Fort Knox, KY | 2 | $ 375,000 | $ 187,500 | $ 100,000 |
| Eugene, OR | 2 | $ 229,000 | $ 114,500 | $ 35,000 |
| Fort Wayne, IN | 2 | $ 926,000 | $ 463,000 | $ 163,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 327,000 | $ 163,500 | $ 145,000 |
| Jackson, TN | 2 | $ 94,000 | $ 47,000 | $ 134,000 |
| Lexington-Fayette, KY | 2 | $ 348,000 | $ 174,000 | $ 153,000 |
| Muncie, IN | 2 | $ 134,000 | $ 67,000 | $ 93,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,211,000 | $ 605,500 | $ 138,000 |
| Panama City, FL | 2 | $ 202,000 | $ 101,000 | $ 94,000 |
| Prescott, AZ | 2 | $ 533,000 | $ 266,500 | $ 105,000 |
| Richmond, VA | 2 | $ 509,000 | $ 254,500 | $ 110,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,303,000 | $ 651,500 | $ 353,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,986,000 | $ 993,000 | $ 318,000 |
| Sebring, FL | 2 | $ 100,000 | $ 50,000 | $ 54,000 |
| The Villages, FL | 2 | $ 420,000 | $ 210,000 | $ 63,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 63,000 | $ 31,500 | $ 153,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 310,000 | $ 310,000 | $ 176,000 |
| Austin-Round Rock, TX | 1 | $ 272,000 | $ 272,000 | $ 190,000 |
| Bloomington, IN | 1 | $ 137,000 | $ 137,000 | $ 178,000 |
| Boise City, ID | 1 | $ 261,000 | $ 261,000 | $ 95,000 |
| Boulder, CO | 1 | $ 1,228,000 | $ 1,228,000 | $ 1,586,000 |
| Brunswick, GA | 1 | $ 351,000 | $ 351,000 | $ 119,000 |
| Burlington-South Burlington, VT | 1 | $ 272,000 | $ 272,000 | $ 58,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 121,000 | $ 121,000 | $ 15,000 |
| Charlottesville, VA | 1 | $ 829,000 | $ 829,000 | $ 200,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 378,000 | $ 378,000 | $ 0 |
| Daphne-Fairhope-Foley, AL | 1 | $ 216,000 | $ 216,000 | $ 41,000 |
| Elgin, IL | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
| Evansville, IN-KY | 1 | $ 96,000 | $ 96,000 | $ 36,000 |
| Greensboro-High Point, NC | 1 | $ 348,000 | $ 348,000 | $ 94,000 |
| Homosassa Springs, FL | 1 | $ 130,000 | $ 130,000 | $ 119,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 39,000 | $ 39,000 | $ 112,000 |
| Lafayette-West Lafayette, IN | 1 | $ 90,000 | $ 90,000 | $ 68,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 338,000 | $ 338,000 | $ 70,000 |
| Madison, WI | 1 | $ 126,000 | $ 126,000 | $ 95,000 |
| Mansfield, OH | 1 | $ 2,500,000 | $ 2,500,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 352,000 | $ 352,000 | $ 63,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 210,000 | $ 210,000 | $ 43,000 |
| Napa, CA | 1 | $ 715,000 | $ 715,000 | $ 335,000 |
| Newark, NJ-PA | 1 | $ 499,000 | $ 499,000 | $ 155,000 |
| Norwich-New London, CT | 1 | $ 104,000 | $ 104,000 | $ 109,000 |
| Owensboro, KY | 1 | $ 118,000 | $ 118,000 | $ 53,000 |
| Providence-Warwick, RI-MA | 1 | $ 113,000 | $ 113,000 | $ 202,000 |
| Racine, WI | 1 | $ 148,000 | $ 148,000 | $ 32,000 |
| Reno, NV | 1 | $ 320,000 | $ 320,000 | $ 155,000 |
| San Diego-Carlsbad, CA | 1 | $ 421,000 | $ 421,000 | $ 170,000 |
| Savannah, GA | 1 | $ 144,000 | $ 144,000 | $ 46,000 |
| Sebastian-Vero Beach, FL | 1 | $ 53,000 | $ 53,000 | $ 48,000 |
| St. George, UT | 1 | $ 180,000 | $ 180,000 | $ 73,000 |
| Tacoma-Lakewood, WA | 1 | $ 178,000 | $ 178,000 | $ 90,000 |
| Tuscaloosa, AL | 1 | $ 70,000 | $ 70,000 | $ 164,000 |
| Valdosta, GA | 1 | $ 4,000 | $ 4,000 | $ 56,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 470,000 | $ 470,000 | $ 1,062,000 |
| Wheeling, WV-OH | 1 | $ 168,000 | $ 168,000 | $ 86,000 |
| Winchester, VA-WV | 1 | $ 130,000 | $ 130,000 | $ 31,000 |
| York-Hanover, PA | 1 | $ 181,000 | $ 181,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Chemical Bank in 2017
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 | 7,334 | $1,688,432,000 | $230,000 | $43,400,000 | $122,000 | $3,604,000 |
| Refinancing | 4,011 | $753,669,000 | $187,000 | $15,750,000 | $107,000 | $2,139,000 |
| Home Improvement | 2,369 | $173,874,000 | $73,000 | $2,405,000 | $85,000 | $1,437,000 |
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 | 10,962 | $1,955,243,000 | $178,000 | $6,400,000 | $113,000 | $3,604,000 |
| Not Provided | 1,387 | $192,742,000 | $138,000 | $2,445,000 | $117,000 | $1,560,000 |
| Asian | 356 | $83,530,000 | $234,000 | $2,100,000 | $150,000 | $2,287,000 |
| Hispanic | 354 | $51,720,000 | $146,000 | $1,710,000 | $99,000 | $1,991,000 |
| Black or African American | 353 | $52,190,000 | $147,000 | $1,845,000 | $93,000 | $894,000 |
| Not applicable | 247 | $273,682,000 | $1,108,000 | $43,400,000 | $0 | $0 |
| American Indian or Alaskan Native | 31 | $3,631,000 | $117,000 | $280,000 | $82,000 | $245,000 |
| Native Hawaiian or Other Pacific Islander | 24 | $3,237,000 | $134,000 | $435,000 | $131,000 | $303,000 |
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) | 12,402 | $2,440,519,000 | $196,000 | $43,400,000 | $117,000 | $3,604,000 |
| FHA-insured (Federal Housing Administration) | 885 | $110,967,000 | $125,000 | $383,000 | $55,000 | $1,371,000 |
| VA-guaranteed (Veterans Administration) | 237 | $43,907,000 | $185,000 | $560,000 | $80,000 | $395,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 190 | $20,582,000 | $108,000 | $243,000 | $41,000 | $98,000 |
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 | 9,555 | $2,007,753,000 | $210,000 | $43,400,000 | $117,000 | $3,604,000 |
| Application Denied By Financial Institution | 1,541 | $144,967,000 | $94,000 | $2,445,000 | $68,000 | $1,560,000 |
| Application Withdrawn By Applicant | 1,311 | $255,522,000 | $194,000 | $2,445,000 | $119,000 | $1,650,000 |
| Application Approved But Not Accepted | 916 | $125,114,000 | $136,000 | $2,250,000 | $107,000 | $1,991,000 |
| File Closed For Incompleteness | 332 | $72,554,000 | $218,000 | $2,000,000 | $126,000 | $2,139,000 |
| Preapproval Denied by Financial Institution | 59 | $10,065,000 | $170,000 | $1,260,000 | $49,000 | $258,000 |
| 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 2017 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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