Comerica Bank Mortgage Lending & HMDA Data, 2020
In 2020, Comerica Bank of Farmington Hills, MI reported 12,649 mortgage applications totaling $3.4 billion, down 9% from 2019. The average application was for $265,543, and applicants reported an average income of $180,706. 47% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,920), Houston-The Woodlands-Sugar Land, TX (1,622) and Los Angeles-Long Beach-Glendale, CA (1,309) (applications in parentheses).
| Mortgage Company & Address | Comerica Bank Farmington Hills, MI 48331 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 12,649 |
| Total Mortgage Loan Application Amount | $3,358,865,000 |
| Average Mortgage Loan Application Amount | $265,543 |
| Highest Mortgage Loan Application Amount | $42,705,000 |
| Average Applicant Income | $180,706 |
| Highest Applicant Income | $8,262,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,920 | $ 342,660,000 | $ 178,468 | $ 136,000 |
| Houston-The Woodlands-Sugar Land, TX | 1,622 | $ 268,460,000 | $ 165,511 | $ 128,000 |
| Los Angeles-Long Beach-Glendale, CA | 1,309 | $ 638,405,000 | $ 487,704 | $ 250,000 |
| Dallas-Plano-Irving, TX | 1,272 | $ 263,610,000 | $ 207,240 | $ 152,000 |
| Detroit-Dearborn-Livonia, MI | 964 | $ 114,140,000 | $ 118,402 | $ 105,000 |
| Phoenix-Mesa-Scottsdale, AZ | 562 | $ 127,140,000 | $ 226,227 | $ 163,000 |
| Anaheim-Santa Ana-Irvine, CA | 493 | $ 162,075,000 | $ 328,752 | $ 262,000 |
| San Diego-Carlsbad, CA | 490 | $ 130,940,000 | $ 267,224 | $ 213,000 |
| Oakland-Hayward-Berkeley, CA | 406 | $ 113,920,000 | $ 280,591 | $ 242,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 382 | $ 180,300,000 | $ 471,989 | $ 263,000 |
| Outside any metro area | 334 | $ 111,860,000 | $ 334,910 | $ 266,624 |
| San Francisco-Redwood City-South San Francisco, CA | 293 | $ 132,385,000 | $ 451,825 | $ 282,000 |
| Fort Worth-Arlington, TX | 271 | $ 57,365,000 | $ 211,678 | $ 139,000 |
| Riverside-San Bernardino-Ontario, CA | 212 | $ 54,270,000 | $ 255,990 | $ 168,000 |
| Grand Rapids-Wyoming, MI | 205 | $ 32,535,000 | $ 158,707 | $ 108,000 |
| Ann Arbor, MI | 188 | $ 40,620,000 | $ 216,063 | $ 141,000 |
| Jackson, MI | 165 | $ 17,685,000 | $ 107,181 | $ 84,000 |
| Austin-Round Rock, TX | 162 | $ 38,800,000 | $ 239,506 | $ 220,000 |
| Santa Cruz-Watsonville, CA | 153 | $ 42,235,000 | $ 276,045 | $ 196,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 140 | $ 70,340,000 | $ 502,428 | $ 280,000 |
| San Antonio-New Braunfels, TX | 123 | $ 19,385,000 | $ 157,601 | $ 129,000 |
| Salinas, CA | 92 | $ 21,860,000 | $ 237,608 | $ 179,000 |
| Lansing-East Lansing, MI | 83 | $ 7,575,000 | $ 91,265 | $ 95,000 |
| Kalamazoo-Portage, MI | 82 | $ 11,150,000 | $ 135,975 | $ 89,000 |
| Muskegon, MI | 80 | $ 7,980,000 | $ 99,750 | $ 65,000 |
| Battle Creek, MI | 72 | $ 5,430,000 | $ 75,416 | $ 64,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 71 | $ 35,725,000 | $ 503,169 | $ 313,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 46 | $ 12,370,000 | $ 268,913 | $ 111,000 |
| San Rafael, CA | 41 | $ 31,225,000 | $ 761,585 | $ 467,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 36 | $ 8,920,000 | $ 247,777 | $ 183,000 |
| Naples-Immokalee-Marco Island, FL | 35 | $ 37,245,000 | $ 1,064,142 | $ 614,000 |
| Flint, MI | 24 | $ 2,930,000 | $ 122,083 | $ 81,000 |
| Santa Maria-Santa Barbara, CA | 17 | $ 22,875,000 | $ 1,345,588 | $ 578,000 |
| Stockton-Lodi, CA | 15 | $ 3,455,000 | $ 230,333 | $ 149,000 |
| Santa Rosa, CA | 13 | $ 7,655,000 | $ 588,846 | $ 155,000 |
| Vallejo-Fairfield, CA | 13 | $ 3,635,000 | $ 279,615 | $ 223,000 |
| Midland, MI | 12 | $ 1,090,000 | $ 90,833 | $ 82,000 |
| Cape Coral-Fort Myers, FL | 11 | $ 1,925,000 | $ 175,000 | $ 172,000 |
| Monroe, MI | 10 | $ 1,300,000 | $ 130,000 | $ 127,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 35,585,000 | $ 3,953,888 | $ 324,000 |
| Napa, CA | 9 | $ 4,945,000 | $ 549,444 | $ 613,000 |
| Modesto, CA | 8 | $ 1,100,000 | $ 137,500 | $ 140,000 |
| Prescott Valley-Prescott, AZ | 8 | $ 1,000,000 | $ 125,000 | $ 81,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 8 | $ 2,220,000 | $ 277,500 | $ 225,000 |
| Bakersfield, CA | 7 | $ 595,000 | $ 85,000 | $ 121,000 |
| El Centro, CA | 7 | $ 1,065,000 | $ 152,142 | $ 175,000 |
| North Port-Sarasota-Bradenton, FL | 7 | $ 4,275,000 | $ 610,714 | $ 303,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 5,150,000 | $ 858,333 | $ 219,000 |
| Fresno, CA | 6 | $ 1,180,000 | $ 196,666 | $ 187,000 |
| Tucson, AZ | 6 | $ 660,000 | $ 110,000 | $ 120,000 |
| Denver-Aurora-Lakewood, CO | 5 | $ 2,445,000 | $ 489,000 | $ 490,000 |
| Lake Havasu City-Kingman, AZ | 5 | $ 1,205,000 | $ 241,000 | $ 216,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,645,000 | $ 329,000 | $ 293,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 1,745,000 | $ 349,000 | $ 405,000 |
| Sherman-Denison, TX | 5 | $ 325,000 | $ 65,000 | $ 80,000 |
| Asheville, NC | 4 | $ 4,060,000 | $ 1,015,000 | $ 1,999,000 |
| Beaumont-Port Arthur, TX | 4 | $ 360,000 | $ 90,000 | $ 61,000 |
| Charleston-North Charleston, SC | 4 | $ 5,300,000 | $ 1,325,000 | $ 1,538,000 |
| Charlotte-Concord-Gastonia, NC-SC | 4 | $ 15,760,000 | $ 3,940,000 | $ 221,000 |
| Jacksonville, FL | 4 | $ 1,390,000 | $ 347,500 | $ 154,000 |
| Port St. Lucie, FL | 4 | $ 770,000 | $ 192,500 | $ 300,000 |
| Reno, NV | 4 | $ 1,490,000 | $ 372,500 | $ 385,000 |
| Bay City, MI | 3 | $ 185,000 | $ 61,666 | $ 92,000 |
| College Station-Bryan, TX | 3 | $ 955,000 | $ 318,333 | $ 81,000 |
| El Paso, TX | 3 | $ 215,000 | $ 71,666 | $ 77,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 905,000 | $ 301,666 | $ 279,000 |
| Longview, TX | 3 | $ 595,000 | $ 198,333 | $ 139,000 |
| Madera, CA | 3 | $ 305,000 | $ 101,666 | $ 1,832,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 2,835,000 | $ 945,000 | $ 1,050,000 |
| Redding, CA | 3 | $ 315,000 | $ 105,000 | $ 26,000 |
| Savannah, GA | 3 | $ 825,000 | $ 275,000 | $ 298,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 16,205,000 | $ 5,401,666 | $ 267,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 455,000 | $ 151,666 | $ 109,000 |
| Boston, MA | 2 | $ 7,510,000 | $ 3,755,000 | $ 0 |
| Chicago-Naperville, IL | 2 | $ 1,930,000 | $ 965,000 | $ 1,610,000 |
| Cleveland-Elyria, OH | 2 | $ 2,550,000 | $ 1,275,000 | $ 164,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 2,670,000 | $ 1,335,000 | $ 2,880,000 |
| Merced, CA | 2 | $ 3,100,000 | $ 1,550,000 | $ 702,000 |
| New Orleans-Metairie, LA | 2 | $ 6,360,000 | $ 3,180,000 | $ 1,935,000 |
| Niles-Benton Harbor, MI | 2 | $ 2,050,000 | $ 1,025,000 | $ 1,239,000 |
| Raleigh, NC | 2 | $ 550,000 | $ 275,000 | $ 570,000 |
| Richmond, VA | 2 | $ 1,000,000 | $ 500,000 | $ 520,000 |
| Saginaw, MI | 2 | $ 310,000 | $ 155,000 | $ 76,000 |
| Sierra Vista-Douglas, AZ | 2 | $ 130,000 | $ 65,000 | $ 96,000 |
| St. George, UT | 2 | $ 3,140,000 | $ 1,570,000 | $ 128,000 |
| Waco, TX | 2 | $ 120,000 | $ 60,000 | $ 48,000 |
| Washington-Baltimore-Arlington, DC | 2 | $ 5,120,000 | $ 2,560,000 | $ 1,384,000 |
| Yuma, AZ | 2 | $ 130,000 | $ 65,000 | $ 142,000 |
| Abilene, TX | 1 | $ 95,000 | $ 95,000 | $ 84,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 515,000 | $ 515,000 | $ 266,000 |
| Charlottesville, VA | 1 | $ 185,000 | $ 185,000 | $ 112,000 |
| Chico, CA | 1 | $ 45,000 | $ 45,000 | $ 65,000 |
| Coeur D'Alene, ID | 1 | $ 1,405,000 | $ 1,405,000 | $ 362,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 1,595,000 | $ 1,595,000 | $ 4,248,000 |
| Flagstaff, AZ | 1 | $ 365,000 | $ 365,000 | $ 89,000 |
| Gainesville, FL | 1 | $ 105,000 | $ 105,000 | $ 75,000 |
| Green Bay, WI | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 1,005,000 | $ 1,005,000 | $ 200,000 |
| Homosassa Springs, FL | 1 | $ 155,000 | $ 155,000 | $ 58,000 |
| Killeen-Temple, TX | 1 | $ 135,000 | $ 135,000 | $ 108,000 |
| Lima, OH | 1 | $ 155,000 | $ 155,000 | $ 82,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 165,000 | $ 165,000 | $ 52,000 |
| Mobile, AL | 1 | $ 105,000 | $ 105,000 | $ 240,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 155,000 | $ 155,000 | $ 416,000 |
| New Haven-Milford, CT | 1 | $ 1,425,000 | $ 1,425,000 | $ 713,000 |
| New York-Newark, NY | 1 | $ 905,000 | $ 905,000 | $ 696,000 |
| Ogden-Clearfield, UT | 1 | $ 2,505,000 | $ 2,505,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 455,000 | $ 455,000 | $ 232,000 |
| Olympia-Tumwater, WA | 1 | $ 505,000 | $ 505,000 | $ 156,000 |
| Panama City, FL | 1 | $ 115,000 | $ 115,000 | $ 33,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 335,000 | $ 335,000 | $ 115,000 |
| Punta Gorda, FL | 1 | $ 115,000 | $ 115,000 | $ 63,000 |
| Salt Lake City, UT | 1 | $ 255,000 | $ 255,000 | $ 169,000 |
| Santa Fe, NM | 1 | $ 1,445,000 | $ 1,445,000 | $ 2,245,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 175,000 | $ 175,000 | $ 207,000 |
| Spokane-Spokane Valley, WA | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Tacoma-Lakewood, WA | 1 | $ 205,000 | $ 205,000 | $ 468,000 |
| Tyler, TX | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Urban Honolulu, HI | 1 | $ 4,005,000 | $ 4,005,000 | $ 2,867,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 355,000 | $ 355,000 | $ 167,000 |
| Wilmington, NC | 1 | $ 665,000 | $ 665,000 | $ 94,000 |
Mortgage Loan Application Detail Totals for Comerica Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 4,040 | $1,128,700,000 | $279,000 | $26,905,000 | $170,000 | $7,857,000 |
| Home Improvement | 3,807 | $622,445,000 | $163,000 | $14,835,000 | $158,000 | $4,569,000 |
| Other Purpose | 3,281 | $731,425,000 | $222,000 | $19,945,000 | $188,000 | $7,648,000 |
| Home Purchase | 953 | $405,725,000 | $425,000 | $26,005,000 | $220,000 | $8,262,000 |
| Cash-out Refinancing | 568 | $470,570,000 | $828,000 | $42,705,000 | $301,000 | $5,243,000 |
| 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 | 5,734 | $1,243,360,000 | $216,000 | $15,005,000 | $165,000 | $6,087,000 |
| Not Provided | 3,391 | $1,220,585,000 | $359,000 | $20,005,000 | $264,000 | $8,262,000 |
| Hispanic | 1,094 | $160,780,000 | $146,000 | $1,605,000 | $105,000 | $3,200,000 |
| Asian | 885 | $244,835,000 | $276,000 | $15,605,000 | $164,000 | $3,182,000 |
| Black or African American | 869 | $84,825,000 | $97,000 | $1,345,000 | $90,000 | $7,648,000 |
| Not applicable | 323 | $328,195,000 | $1,016,000 | $42,705,000 | $77,000 | $633,000 |
| American Indian or Alaskan Native | 69 | $11,525,000 | $167,000 | $505,000 | $144,000 | $1,040,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $3,265,000 | $192,000 | $455,000 | $130,000 | $220,000 |
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) | 12,633 | $3,356,935,000 | $265,000 | $42,705,000 | $180,000 | $8,262,000 |
| FHA-insured (Federal Housing Administration) | 16 | $1,930,000 | $120,000 | $235,000 | $51,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 5,905 | $1,917,355,000 | $324,000 | $42,705,000 | $219,000 | $8,262,000 |
| Application Denied By Financial Institution | 4,395 | $848,575,000 | $193,000 | $12,005,000 | $134,000 | $7,648,000 |
| Application Withdrawn By Applicant | 1,010 | $309,830,000 | $306,000 | $10,005,000 | $210,000 | $7,857,000 |
| File Closed For Incompleteness | 800 | $158,660,000 | $198,000 | $13,755,000 | $161,000 | $2,471,000 |
| Application Approved But Not Accepted | 287 | $67,435,000 | $234,000 | $6,005,000 | $162,000 | $1,402,000 |
| Loan Purchased By The Institution | 252 | $57,010,000 | $226,000 | $475,000 | $77,000 | $633,000 |
| 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 | 8,254 | $2,510,290,000 | $304,000 | $42,705,000 | $206,000 | $8,262,000 |
| Credit History | 1,687 | $203,455,000 | $120,000 | $2,825,000 | $107,000 | $4,569,000 |
| Debt-To-Income Ratio | 1,512 | $353,060,000 | $233,000 | $11,005,000 | $93,000 | $1,127,000 |
| Collateral | 847 | $192,675,000 | $227,000 | $12,005,000 | $240,000 | $7,648,000 |
| Other | 230 | $54,800,000 | $238,000 | $2,995,000 | $178,000 | $1,250,000 |
| Employment History | 58 | $10,100,000 | $174,000 | $1,005,000 | $91,000 | $440,000 |
| Credit Application Incomplete | 32 | $26,930,000 | $841,000 | $4,245,000 | $342,000 | $1,379,000 |
| Unverifiable Information | 25 | $6,695,000 | $267,000 | $2,005,000 | $133,000 | $798,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $860,000 | $215,000 | $485,000 | $74,000 | $94,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Comerica Bank's 2020 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 Comerica 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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