Fifth Third Mortgage-Mi, LLC Mortgage Lending & HMDA Data, 2018
In 2018, Fifth Third Mortgage-Mi, LLC of Cincinnati, OH reported 3,673 mortgage applications totaling $596.4 million, down 54% from 2017. The average application was for $162,367, and applicants reported an average income of $91,549. 65% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Grand Rapids-Wyoming, MI (926), Warren-Troy-Farmington Hills, MI (689) and Detroit-Dearborn-Livonia, MI (334) (applications in parentheses).
| Mortgage Company & Address | Fifth Third Mortgage-Mi, LLC 5001 Kingsley Drive MD 1mob2w Cincinnati, OH 45227 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 |
| Total Number of Mortgage Applications | 3,673 |
| Total Mortgage Loan Application Amount | $596,375,000 |
| Average Mortgage Loan Application Amount | $162,367 |
| Highest Mortgage Loan Application Amount | $2,435,000 |
| Average Applicant Income | $91,549 |
| Highest Applicant Income | $7,614,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fifth Third Mortgage-Mi, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kent, Michigan | 533 | $ 93,115,000 | $ 174,699 | $ 84,000 |
| Oakland, Michigan | 334 | $ 85,540,000 | $ 256,107 | $ 148,000 |
| Wayne, Michigan | 334 | $ 46,010,000 | $ 137,754 | $ 75,000 |
| Ottawa, Michigan | 308 | $ 60,810,000 | $ 197,435 | $ 90,000 |
| Macomb, Michigan | 206 | $ 30,440,000 | $ 147,766 | $ 82,000 |
| Muskegon, Michigan | 179 | $ 21,155,000 | $ 118,184 | $ 62,000 |
| Kalamazoo, Michigan | 132 | $ 22,470,000 | $ 170,227 | $ 110,000 |
| Allegan, Michigan | 110 | $ 17,300,000 | $ 157,272 | $ 78,000 |
| Ingham, Michigan | 108 | $ 13,190,000 | $ 122,129 | $ 91,000 |
| Genesee, Michigan | 99 | $ 11,255,000 | $ 113,686 | $ 73,000 |
| Grand Traverse, Michigan | 85 | $ 16,495,000 | $ 194,058 | $ 104,000 |
| Calhoun, Michigan | 83 | $ 8,375,000 | $ 100,903 | $ 52,000 |
| St. Clair, Michigan | 77 | $ 11,255,000 | $ 146,168 | $ 174,000 |
| Clinton, Michigan | 65 | $ 11,345,000 | $ 174,538 | $ 79,000 |
| Barry, Michigan | 62 | $ 10,850,000 | $ 175,000 | $ 76,000 |
| Berrien, Michigan | 61 | $ 8,975,000 | $ 147,131 | $ 70,000 |
| Livingston, Michigan | 57 | $ 11,655,000 | $ 204,473 | $ 93,000 |
| Shiawassee, Michigan | 55 | $ 5,125,000 | $ 93,181 | $ 47,000 |
| Eaton, Michigan | 46 | $ 6,260,000 | $ 136,086 | $ 73,000 |
| Wexford, Michigan | 45 | $ 4,995,000 | $ 111,000 | $ 56,000 |
| Jackson, Michigan | 44 | $ 4,420,000 | $ 100,454 | $ 59,000 |
| Ionia, Michigan | 42 | $ 5,630,000 | $ 134,047 | $ 60,000 |
| Newaygo, Michigan | 40 | $ 4,510,000 | $ 112,750 | $ 62,000 |
| Washtenaw, Michigan | 36 | $ 8,750,000 | $ 243,055 | $ 187,000 |
| Van Buren, Michigan | 35 | $ 4,915,000 | $ 140,428 | $ 65,000 |
| Emmet, Michigan | 33 | $ 5,695,000 | $ 172,575 | $ 108,000 |
| Cass, Michigan | 28 | $ 3,190,000 | $ 113,928 | $ 58,000 |
| Saginaw, Michigan | 28 | $ 2,930,000 | $ 104,642 | $ 70,000 |
| Leelanau, Michigan | 27 | $ 6,715,000 | $ 248,703 | $ 100,000 |
| Otsego, Michigan | 25 | $ 3,925,000 | $ 157,000 | $ 85,000 |
| Monroe, Michigan | 23 | $ 3,085,000 | $ 134,130 | $ 89,000 |
| Montcalm, Michigan | 23 | $ 2,895,000 | $ 125,869 | $ 60,000 |
| Oceana, Michigan | 23 | $ 3,455,000 | $ 150,217 | $ 71,000 |
| St. Joseph, Michigan | 20 | $ 2,690,000 | $ 134,500 | $ 62,000 |
| Antrim, Michigan | 17 | $ 4,285,000 | $ 252,058 | $ 612,000 |
| Roscommon, Michigan | 16 | $ 2,250,000 | $ 140,625 | $ 106,000 |
| Lake, Michigan | 15 | $ 1,225,000 | $ 81,666 | $ 47,000 |
| Lapeer, Michigan | 15 | $ 2,385,000 | $ 159,000 | $ 72,000 |
| Crawford, Michigan | 14 | $ 1,560,000 | $ 111,428 | $ 68,000 |
| Isabella, Michigan | 14 | $ 1,500,000 | $ 107,142 | $ 50,000 |
| Mason, Michigan | 13 | $ 1,855,000 | $ 142,692 | $ 63,000 |
| Mecosta, Michigan | 13 | $ 1,705,000 | $ 131,153 | $ 78,000 |
| Missaukee, Michigan | 13 | $ 1,295,000 | $ 99,615 | $ 51,000 |
| Benzie, Michigan | 11 | $ 1,835,000 | $ 166,818 | $ 85,000 |
| Kalkaska, Michigan | 11 | $ 1,435,000 | $ 130,454 | $ 54,000 |
| Bay, Michigan | 10 | $ 1,570,000 | $ 157,000 | $ 90,000 |
| Gratiot, Michigan | 10 | $ 1,360,000 | $ 136,000 | $ 78,000 |
| Midland, Michigan | 10 | $ 1,220,000 | $ 122,000 | $ 54,000 |
| Osceola, Michigan | 10 | $ 1,010,000 | $ 101,000 | $ 60,000 |
| Charlevoix, Michigan | 9 | $ 1,575,000 | $ 175,000 | $ 90,000 |
| Manistee, Michigan | 9 | $ 1,165,000 | $ 129,444 | $ 87,000 |
| Clare, Michigan | 8 | $ 610,000 | $ 76,250 | $ 89,000 |
| Gladwin, Michigan | 7 | $ 935,000 | $ 133,571 | $ 102,000 |
| Arenac, Michigan | 6 | $ 490,000 | $ 81,666 | $ 83,000 |
| Cheboygan, Michigan | 5 | $ 1,365,000 | $ 273,000 | $ 265,000 |
| Iosco, Michigan | 4 | $ 470,000 | $ 117,500 | $ 112,000 |
| Montmorency, Michigan | 4 | $ 430,000 | $ 107,500 | $ 190,000 |
| Sanilac, Michigan | 4 | $ 680,000 | $ 170,000 | $ 186,000 |
| Tuscola, Michigan | 4 | $ 400,000 | $ 100,000 | $ 40,000 |
| Huron, Michigan | 3 | $ 395,000 | $ 131,666 | $ 90,000 |
| Lenawee, Michigan | 3 | $ 735,000 | $ 245,000 | $ 85,000 |
| Branch, Michigan | 2 | $ 120,000 | $ 60,000 | $ 30,000 |
| Hillsdale, Michigan | 2 | $ 230,000 | $ 115,000 | $ 91,000 |
| Mackinac, Michigan | 2 | $ 430,000 | $ 215,000 | $ 188,000 |
| Alcona, Michigan | 1 | $ 175,000 | $ 175,000 | $ 170,000 |
| Alpena, Michigan | 1 | $ 185,000 | $ 185,000 | $ 200,000 |
| Oscoda, Michigan | 1 | $ 75,000 | $ 75,000 | $ 22,000 |
Mortgage Loan Application Detail Totals for Fifth Third Mortgage-Mi, LLC 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 | 1,991 | $346,435,000 | $174,000 | $2,435,000 | $94,000 | $4,368,000 |
| Cash-out Refinancing | 908 | $138,540,000 | $152,000 | $1,125,000 | $77,000 | $1,872,000 |
| Refinancing | 623 | $88,505,000 | $142,000 | $1,705,000 | $97,000 | $7,614,000 |
| Other Purpose | 122 | $19,630,000 | $160,000 | $1,475,000 | $135,000 | $2,910,000 |
| Home Improvement | 29 | $3,265,000 | $112,000 | $305,000 | $79,000 | $240,000 |
| 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 | 2,846 | $480,380,000 | $168,000 | $1,705,000 | $96,000 | $7,614,000 |
| Not Provided | 435 | $65,675,000 | $150,000 | $1,005,000 | $88,000 | $2,085,000 |
| Black or African American | 171 | $17,935,000 | $104,000 | $1,005,000 | $58,000 | $596,000 |
| Asian | 113 | $17,155,000 | $151,000 | $965,000 | $63,000 | $272,000 |
| Hispanic | 94 | $12,700,000 | $135,000 | $2,435,000 | $58,000 | $551,000 |
| American Indian or Alaskan Native | 5 | $595,000 | $119,000 | $185,000 | $43,000 | $75,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $540,000 | $270,000 | $425,000 | $158,000 | $191,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 3,067 | $525,235,000 | $171,000 | $2,435,000 | $99,000 | $7,614,000 |
| FHA-insured (Federal Housing Administration) | 447 | $49,475,000 | $110,000 | $295,000 | $48,000 | $206,000 |
| VA-guaranteed (Veterans Administration) | 103 | $14,935,000 | $145,000 | $405,000 | $61,000 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 56 | $6,730,000 | $120,000 | $205,000 | $42,000 | $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 | 2,382 | $405,850,000 | $170,000 | $2,435,000 | $95,000 | $4,368,000 |
| Application Withdrawn By Applicant | 675 | $104,785,000 | $155,000 | $1,615,000 | $99,000 | $7,614,000 |
| Application Denied By Financial Institution | 407 | $54,025,000 | $132,000 | $1,055,000 | $65,000 | $1,120,000 |
| File Closed For Incompleteness | 162 | $23,400,000 | $144,000 | $995,000 | $76,000 | $441,000 |
| Application Approved But Not Accepted | 47 | $8,315,000 | $176,000 | $1,405,000 | $91,000 | $567,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3,266 | $542,350,000 | $166,000 | $2,435,000 | $95,000 | $7,614,000 |
| Collateral | 171 | $24,555,000 | $143,000 | $1,055,000 | $79,000 | $1,120,000 |
| Debt-To-Income Ratio | 109 | $13,665,000 | $125,000 | $525,000 | $38,000 | $125,000 |
| Credit History | 71 | $9,465,000 | $133,000 | $495,000 | $71,000 | $269,000 |
| Other | 18 | $1,780,000 | $98,000 | $425,000 | $73,000 | $174,000 |
| Unverifiable Information | 10 | $1,500,000 | $150,000 | $325,000 | $120,000 | $303,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,040,000 | $104,000 | $255,000 | $40,000 | $74,000 |
| Credit Application Incomplete | 10 | $1,290,000 | $129,000 | $265,000 | $57,000 | $123,000 |
| Employment History | 8 | $730,000 | $91,000 | $175,000 | $39,000 | $83,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fifth Third Mortgage-Mi, LLC'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 Fifth Third Mortgage-Mi, LLC'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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