Chemical Bank Mortgage Lending & HMDA Data, 2018
In 2018, Chemical Bank of Midland, MI reported 15,382 mortgage applications totaling $2.6 billion, up 12% from 2017. The average application was for $170,120, and applicants reported an average income of $118,146. 65% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (2,086), Grand Rapids-Wyoming, MI (1,950) and Detroit-Dearborn-Livonia, MI (659) (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 | 15,382 |
| Total Mortgage Loan Application Amount | $2,616,790,000 |
| Average Mortgage Loan Application Amount | $170,120 |
| Highest Mortgage Loan Application Amount | $23,315,000 |
| Average Applicant Income | $118,146 |
| Highest Applicant Income | $3,613,000 |
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Act (HMDA) records Chemical Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 4,716 | $ 671,130,000 | $ 142,309 | $ 103,228 |
| Warren-Troy-Farmington Hills, MI | 2,086 | $ 536,490,000 | $ 257,186 | $ 153,000 |
| Grand Rapids-Wyoming, MI | 1,950 | $ 342,480,000 | $ 175,630 | $ 118,000 |
| Detroit-Dearborn-Livonia, MI | 659 | $ 130,395,000 | $ 197,867 | $ 136,000 |
| Youngstown-Warren-Boardman, OH-PA | 600 | $ 51,000,000 | $ 85,000 | $ 73,906 |
| Cincinnati, OH-KY-IN | 597 | $ 134,155,000 | $ 224,715 | $ 134,703 |
| Cleveland-Elyria, OH | 517 | $ 80,865,000 | $ 156,411 | $ 107,000 |
| Flint, MI | 394 | $ 66,480,000 | $ 168,730 | $ 104,000 |
| Dayton, OH | 345 | $ 59,485,000 | $ 172,420 | $ 139,000 |
| Niles-Benton Harbor, MI | 317 | $ 51,325,000 | $ 161,908 | $ 105,000 |
| Kalamazoo-Portage, MI | 313 | $ 42,515,000 | $ 135,830 | $ 107,000 |
| Bay City, MI | 269 | $ 22,195,000 | $ 82,509 | $ 78,000 |
| Indianapolis-Carmel-Anderson, IN | 268 | $ 22,760,000 | $ 84,925 | $ 121,000 |
| Midland, MI | 265 | $ 37,725,000 | $ 142,358 | $ 141,000 |
| Battle Creek, MI | 241 | $ 28,415,000 | $ 117,904 | $ 68,000 |
| Ann Arbor, MI | 161 | $ 49,455,000 | $ 307,173 | $ 161,000 |
| Saginaw, MI | 152 | $ 20,790,000 | $ 136,776 | $ 114,000 |
| Akron, OH | 148 | $ 19,630,000 | $ 132,635 | $ 70,000 |
| Memphis, TN-MS-AR | 145 | $ 8,395,000 | $ 57,896 | $ 114,834 |
| Kansas City, MO-KS | 129 | $ 10,315,000 | $ 79,961 | $ 134,527 |
| Muskegon, MI | 100 | $ 19,280,000 | $ 192,800 | $ 141,000 |
| Columbus, OH | 80 | $ 14,390,000 | $ 179,875 | $ 121,000 |
| South Bend-Mishawaka, IN-MI | 74 | $ 10,560,000 | $ 142,702 | $ 124,297 |
| Canton-Massillon, OH | 59 | $ 10,075,000 | $ 170,762 | $ 76,000 |
| Chicago-Naperville-Arlington Heights, IL | 54 | $ 12,830,000 | $ 237,592 | $ 186,000 |
| Lansing-East Lansing, MI | 53 | $ 14,575,000 | $ 275,000 | $ 83,000 |
| Birmingham-Hoover, AL | 51 | $ 3,475,000 | $ 68,137 | $ 125,000 |
| Toledo, OH | 32 | $ 5,840,000 | $ 182,500 | $ 155,000 |
| Tampa-St. Petersburg-Clearwater, FL | 29 | $ 4,645,000 | $ 160,172 | $ 146,000 |
| Jackson, MI | 26 | $ 6,990,000 | $ 268,846 | $ 94,000 |
| Gary, IN | 24 | $ 2,390,000 | $ 99,583 | $ 136,000 |
| Montgomery, AL | 17 | $ 1,135,000 | $ 66,764 | $ 128,000 |
| Oklahoma City, OK | 17 | $ 1,675,000 | $ 98,529 | $ 169,000 |
| Huntsville, AL | 16 | $ 1,080,000 | $ 67,500 | $ 134,000 |
| Monroe, MI | 16 | $ 8,830,000 | $ 551,875 | $ 81,000 |
| Jacksonville, FL | 15 | $ 2,215,000 | $ 147,666 | $ 208,000 |
| Knoxville, TN | 13 | $ 4,425,000 | $ 340,384 | $ 268,000 |
| Naples-Immokalee-Marco Island, FL | 13 | $ 6,695,000 | $ 515,000 | $ 673,000 |
| Silver Spring-Frederick-Rockville, MD | 11 | $ 5,935,000 | $ 539,545 | $ 201,000 |
| Atlanta-Sandy Springs-Roswell, GA | 10 | $ 3,140,000 | $ 314,000 | $ 213,000 |
| Jackson, MS | 10 | $ 720,000 | $ 72,000 | $ 125,000 |
| Orlando-Kissimmee-Sanford, FL | 9 | $ 2,655,000 | $ 295,000 | $ 385,000 |
| Springfield, OH | 9 | $ 1,425,000 | $ 158,333 | $ 81,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 2,350,000 | $ 293,750 | $ 375,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 3,330,000 | $ 416,250 | $ 165,250 |
| Cape Coral-Fort Myers, FL | 7 | $ 2,285,000 | $ 326,428 | $ 273,000 |
| Lake County-Kenosha County, IL-WI | 7 | $ 2,125,000 | $ 303,571 | $ 142,857 |
| Lakeland-Winter Haven, FL | 7 | $ 655,000 | $ 93,571 | $ 93,000 |
| St. Louis, MO-IL | 7 | $ 655,000 | $ 93,571 | $ 117,857 |
| Charleston-North Charleston, SC | 6 | $ 7,100,000 | $ 1,183,333 | $ 642,000 |
| Davenport-Moline-Rock Island, IA-IL | 6 | $ 900,000 | $ 150,000 | $ 290,000 |
| Elkhart-Goshen, IN | 6 | $ 450,000 | $ 75,000 | $ 92,000 |
| Little Rock-North Little Rock-Conway, AR | 6 | $ 350,000 | $ 58,333 | $ 85,000 |
| Los Angeles-Long Beach-Glendale, CA | 6 | $ 3,180,000 | $ 530,000 | $ 215,000 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 560,000 | $ 93,333 | $ 85,000 |
| Baltimore-Columbia-Towson, MD | 5 | $ 1,725,000 | $ 345,000 | $ 119,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 635,000 | $ 127,000 | $ 110,000 |
| Columbia, SC | 5 | $ 225,000 | $ 45,000 | $ 116,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 955,000 | $ 191,000 | $ 128,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 1,715,000 | $ 343,000 | $ 140,000 |
| Pittsburgh, PA | 5 | $ 1,335,000 | $ 267,000 | $ 209,000 |
| Port St. Lucie, FL | 5 | $ 905,000 | $ 181,000 | $ 121,000 |
| Punta Gorda, FL | 5 | $ 975,000 | $ 195,000 | $ 113,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 2,355,000 | $ 471,000 | $ 193,000 |
| Colorado Springs, CO | 4 | $ 1,110,000 | $ 277,500 | $ 94,000 |
| Decatur, AL | 4 | $ 340,000 | $ 85,000 | $ 213,000 |
| Fort Wayne, IN | 4 | $ 1,190,000 | $ 297,500 | $ 130,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 1,160,000 | $ 290,000 | $ 195,000 |
| Lawton, OK | 4 | $ 100,000 | $ 25,000 | $ 114,000 |
| Panama City, FL | 4 | $ 590,000 | $ 147,500 | $ 177,000 |
| Reno, NV | 4 | $ 1,300,000 | $ 325,000 | $ 136,000 |
| Greensboro-High Point, NC | 3 | $ 875,000 | $ 291,666 | $ 208,000 |
| Kokomo, IN | 3 | $ 585,000 | $ 195,000 | $ 109,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 345,000 | $ 115,000 | $ 138,000 |
| Mansfield, OH | 3 | $ 1,325,000 | $ 441,666 | $ 82,000 |
| Michigan City-La Porte, IN | 3 | $ 1,215,000 | $ 405,000 | $ 385,000 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,055,000 | $ 351,666 | $ 213,000 |
| Muncie, IN | 3 | $ 75,000 | $ 25,000 | $ 17,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 555,000 | $ 185,000 | $ 77,000 |
| Ocala, FL | 3 | $ 325,000 | $ 108,333 | $ 106,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 535,000 | $ 178,333 | $ 185,000 |
| Racine, WI | 3 | $ 365,000 | $ 121,666 | $ 47,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 1,045,000 | $ 348,333 | $ 149,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 1,270,000 | $ 635,000 | $ 178,000 |
| Bloomington, IL | 2 | $ 100,000 | $ 50,000 | $ 167,000 |
| Duluth, MN-WI | 2 | $ 90,000 | $ 45,000 | $ 90,000 |
| Durham-Chapel Hill, NC | 2 | $ 400,000 | $ 200,000 | $ 147,000 |
| Eugene, OR | 2 | $ 810,000 | $ 405,000 | $ 130,000 |
| Evansville, IN-KY | 2 | $ 170,000 | $ 85,000 | $ 65,000 |
| Lexington-Fayette, KY | 2 | $ 170,000 | $ 85,000 | $ 50,000 |
| Lima, OH | 2 | $ 140,000 | $ 70,000 | $ 100,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 520,000 | $ 260,000 | $ 912,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 680,000 | $ 340,000 | $ 140,500 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,170,000 | $ 585,000 | $ 139,000 |
| Providence-Warwick, RI-MA | 2 | $ 360,000 | $ 180,000 | $ 114,000 |
| Richmond, VA | 2 | $ 580,000 | $ 290,000 | $ 193,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 690,000 | $ 345,000 | $ 80,000 |
| Spokane-Spokane Valley, WA | 2 | $ 370,000 | $ 185,000 | $ 118,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 1,060,000 | $ 530,000 | $ 117,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 125,000 | $ 125,000 | $ 30,000 |
| Appleton, WI | 1 | $ 595,000 | $ 595,000 | $ 370,000 |
| Asheville, NC | 1 | $ 205,000 | $ 205,000 | $ 153,000 |
| Athens-Clarke County, GA | 1 | $ 185,000 | $ 185,000 | $ 62,000 |
| Bloomington, IN | 1 | $ 185,000 | $ 185,000 | $ 213,000 |
| Boise City, ID | 1 | $ 385,000 | $ 385,000 | $ 146,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
| Camden, NJ | 1 | $ 345,000 | $ 345,000 | $ 240,000 |
| Carbondale-Marion, IL | 1 | $ 315,000 | $ 315,000 | $ 390,000 |
| Columbus, IN | 1 | $ 235,000 | $ 235,000 | $ 106,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 275,000 | $ 275,000 | $ 159,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 305,000 | $ 305,000 | $ 171,000 |
| Fayetteville, NC | 1 | $ 105,000 | $ 105,000 | $ 133,000 |
| Fort Collins, CO | 1 | $ 325,000 | $ 325,000 | $ 219,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Gainesville, FL | 1 | $ 195,000 | $ 195,000 | $ 217,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 215,000 | $ 215,000 | $ 55,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 135,000 | $ 135,000 | $ 113,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Iowa City, IA | 1 | $ 75,000 | $ 75,000 | $ 21,000 |
| Janesville-Beloit, WI | 1 | $ 145,000 | $ 145,000 | $ 93,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 385,000 | $ 385,000 | $ 223,000 |
| Kankakee, IL | 1 | $ 325,000 | $ 325,000 | $ 233,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 415,000 | $ 415,000 | $ 126,000 |
| Madison, WI | 1 | $ 25,000 | $ 25,000 | $ 28,000 |
| Napa, CA | 1 | $ 745,000 | $ 745,000 | $ 335,000 |
| New Bern, NC | 1 | $ 85,000 | $ 85,000 | $ 48,000 |
| Newark, NJ-PA | 1 | $ 125,000 | $ 125,000 | $ 58,000 |
| Ocean City, NJ | 1 | $ 455,000 | $ 455,000 | $ 240,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 285,000 | $ 285,000 | $ 120,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 175,000 | $ 175,000 | $ 87,000 |
| Raleigh, NC | 1 | $ 305,000 | $ 305,000 | $ 94,000 |
| Salt Lake City, UT | 1 | $ 995,000 | $ 995,000 | $ 227,000 |
| San Diego-Carlsbad, CA | 1 | $ 585,000 | $ 585,000 | $ 93,000 |
| Savannah, GA | 1 | $ 75,000 | $ 75,000 | $ 144,000 |
| Springfield, IL | 1 | $ 115,000 | $ 115,000 | $ 92,000 |
| Stockton-Lodi, CA | 1 | $ 425,000 | $ 425,000 | $ 258,000 |
| Terre Haute, IN | 1 | $ 65,000 | $ 65,000 | $ 87,000 |
| Tucson, AZ | 1 | $ 105,000 | $ 105,000 | $ 132,000 |
| Tuscaloosa, AL | 1 | $ 85,000 | $ 85,000 | $ 76,000 |
| Warner Robins, GA | 1 | $ 55,000 | $ 55,000 | $ 20,000 |
| Winston-Salem, NC | 1 | $ 95,000 | $ 95,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Chemical Bank in 2018
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 | 7,640 | $1,634,200,000 | $213,000 | $9,005,000 | $128,000 | $3,613,000 |
| Refinancing | 2,404 | $378,530,000 | $157,000 | $4,875,000 | $113,000 | $3,101,000 |
| Cash-out Refinancing | 1,850 | $365,430,000 | $197,000 | $2,505,000 | $107,000 | $3,405,000 |
| Home Improvement | 1,746 | $123,970,000 | $71,000 | $23,315,000 | $105,000 | $1,805,000 |
| Other Purpose | 1,735 | $113,465,000 | $65,000 | $1,805,000 | $107,000 | $2,854,000 |
| Not Applicable | 7 | $1,195,000 | $170,000 | $365,000 | $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 | 12,219 | $2,011,555,000 | $164,000 | $6,405,000 | $116,000 | $3,613,000 |
| Not Provided | 1,678 | $245,550,000 | $146,000 | $2,405,000 | $143,000 | $3,101,000 |
| Black or African American | 421 | $61,355,000 | $145,000 | $5,525,000 | $98,000 | $3,323,000 |
| Hispanic | 420 | $53,150,000 | $126,000 | $915,000 | $91,000 | $1,752,000 |
| Asian | 362 | $65,800,000 | $181,000 | $1,505,000 | $145,000 | $2,006,000 |
| Not applicable | 209 | $169,065,000 | $808,000 | $23,315,000 | $0 | $0 |
| American Indian or Alaskan Native | 40 | $4,320,000 | $108,000 | $405,000 | $73,000 | $183,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $860,000 | $107,000 | $365,000 | $83,000 | $143,000 |
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) | 14,078 | $2,436,600,000 | $173,000 | $23,315,000 | $124,000 | $3,613,000 |
| FHA-insured (Federal Housing Administration) | 872 | $109,720,000 | $125,000 | $305,000 | $54,000 | $230,000 |
| VA-guaranteed (Veterans Administration) | 262 | $50,080,000 | $191,000 | $585,000 | $75,000 | $509,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 170 | $20,390,000 | $119,000 | $305,000 | $45,000 | $103,000 |
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 | 9,974 | $1,853,960,000 | $185,000 | $23,315,000 | $128,000 | $3,405,000 |
| Application Denied By Financial Institution | 2,298 | $199,400,000 | $86,000 | $1,805,000 | $79,000 | $2,854,000 |
| Application Withdrawn By Applicant | 1,457 | $293,045,000 | $201,000 | $6,405,000 | $115,000 | $3,613,000 |
| Application Approved But Not Accepted | 1,237 | $184,165,000 | $148,000 | $8,005,000 | $122,000 | $2,431,000 |
| File Closed For Incompleteness | 300 | $67,520,000 | $225,000 | $1,425,000 | $127,000 | $2,500,000 |
| Preapproval Denied by Financial Institution | 90 | $14,680,000 | $163,000 | $1,345,000 | $61,000 | $389,000 |
| Preapproval Approved but not Accepted | 19 | $2,825,000 | $148,000 | $295,000 | $57,000 | $118,000 |
| Loan Purchased By The Institution | 7 | $1,195,000 | $170,000 | $365,000 | $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 | 12,994 | $2,402,710,000 | $184,000 | $23,315,000 | $125,000 | $3,613,000 |
| Credit History | 1,025 | $64,855,000 | $63,000 | $1,805,000 | $77,000 | $2,854,000 |
| Debt-To-Income Ratio | 838 | $92,960,000 | $110,000 | $1,345,000 | $56,000 | $450,000 |
| Collateral | 346 | $33,960,000 | $98,000 | $1,115,000 | $130,000 | $1,150,000 |
| Other | 75 | $8,895,000 | $118,000 | $425,000 | $100,000 | $430,000 |
| Employment History | 41 | $3,955,000 | $96,000 | $245,000 | $53,000 | $181,000 |
| Unverifiable Information | 27 | $2,995,000 | $110,000 | $355,000 | $78,000 | $200,000 |
| Credit Application Incomplete | 18 | $4,100,000 | $227,000 | $755,000 | $97,000 | $287,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $2,275,000 | $133,000 | $495,000 | $74,000 | $236,000 |
| Mortgage Insurance Denied | 1 | $85,000 | $85,000 | $85,000 | $25,000 | $25,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Chemical Bank's 2018 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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