First Independence Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2010
First Independence Bank 2010 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | First Independence Bank 7310 Woodward Ave Suite 101 Detroit, MI 48202 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 3,306 |
| Total Mortgage Loan Application Amount | $445,003,000 |
| Average Mortgage Loan Application Amount | $107,000 |
| Highest Mortgage Loan Application Amount | $700,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $1,080,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2010 with First Independence Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing First Independence Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2010 breaks down First Independence Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how First Independence Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by First Independence Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at First Independence Bank's mortgage activity for 2010.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Macomb County Michigan | 706 | $ 95,067,000 | $ 134,000 | $ 59,000 |
| Oakland County Michigan | 642 | $ 107,349,000 | $ 167,000 | $ 80,000 |
| Wayne County Michigan | 280 | $ 36,298,000 | $ 129,000 | $ 66,000 |
| Saginaw County Michigan | 265 | $ 30,745,000 | $ 116,000 | $ 58,000 |
| Genesee County Michigan | 261 | $ 26,382,000 | $ 101,000 | $ 51,000 |
| Bay County Michigan | 244 | $ 28,869,000 | $ 118,000 | $ 54,000 |
| Lapeer County Michigan | 96 | $ 12,574,000 | $ 130,000 | $ 51,000 |
| Livingston County Michigan | 83 | $ 15,067,000 | $ 181,000 | $ 74,000 |
| Midland County Michigan | 72 | $ 8,471,000 | $ 117,000 | $ 61,000 |
| St. Clair County Michigan | 56 | $ 7,424,000 | $ 132,000 | $ 55,000 |
| Washtenaw County Michigan | 49 | $ 8,046,000 | $ 164,000 | $ 74,000 |
| Ottawa County Michigan | 38 | $ 4,653,000 | $ 122,000 | $ 42,000 |
| Tuscola County Michigan | 38 | $ 3,614,000 | $ 95,000 | $ 49,000 |
| Isabella County Michigan | 37 | $ 4,385,000 | $ 118,000 | $ 51,000 |
| Grand Traverse County Michigan | 24 | $ 3,938,000 | $ 164,000 | $ 53,000 |
| Delta County Michigan | 23 | $ 2,288,000 | $ 99,000 | $ 83,000 |
| Kent County Michigan | 22 | $ 3,501,000 | $ 159,000 | $ 108,000 |
| Ionia County Michigan | 21 | $ 1,829,000 | $ 87,000 | $ 39,000 |
| Montcalm County Michigan | 21 | $ 1,813,000 | $ 86,000 | $ 35,000 |
| Huron County Michigan | 20 | $ 1,995,000 | $ 99,000 | $ 56,000 |
| Muskegon County Michigan | 18 | $ 2,097,000 | $ 116,000 | $ 59,000 |
| Ingham County Michigan | 16 | $ 1,934,000 | $ 120,000 | $ 59,000 |
| Gladwin County Michigan | 15 | $ 2,226,000 | $ 148,000 | $ 90,000 |
| Sanilac County Michigan | 14 | $ 1,114,000 | $ 79,000 | $ 46,000 |
| Mecosta County Michigan | 13 | $ 1,509,000 | $ 116,000 | $ 63,000 |
| Kalamazoo County Michigan | 12 | $ 1,705,000 | $ 142,000 | $ 57,000 |
| Marquette County Michigan | 12 | $ 1,380,000 | $ 115,000 | $ 60,000 |
| Shiawassee County Michigan | 11 | $ 755,000 | $ 68,000 | $ 38,000 |
| Benzie County Michigan | 10 | $ 1,777,000 | $ 177,000 | $ 103,000 |
| Clare County Michigan | 10 | $ 938,000 | $ 93,000 | $ 41,000 |
| Lenawee County Michigan | 10 | $ 1,300,000 | $ 130,000 | $ 50,000 |
| Allegan County Michigan | 9 | $ 1,081,000 | $ 120,000 | $ 36,000 |
| Clinton County Michigan | 9 | $ 1,110,000 | $ 123,000 | $ 33,000 |
| Monroe County Michigan | 9 | $ 1,323,000 | $ 147,000 | $ 57,000 |
| Antrim County Michigan | 8 | $ 2,159,000 | $ 269,000 | $ 218,000 |
| Emmet County Michigan | 8 | $ 1,556,000 | $ 194,000 | $ 127,000 |
| Iosco County Michigan | 8 | $ 961,000 | $ 120,000 | $ 79,000 |
| Osceola County Michigan | 8 | $ 716,000 | $ 89,000 | $ 43,000 |
| Van Buren County Michigan | 8 | $ 1,430,000 | $ 178,000 | $ 33,000 |
| Arenac County Michigan | 7 | $ 905,000 | $ 129,000 | $ 92,000 |
| Calhoun County Michigan | 7 | $ 1,006,000 | $ 143,000 | $ 30,000 |
| Roscommon County Michigan | 7 | $ 611,000 | $ 87,000 | $ 101,000 |
| Charlevoix County Michigan | 6 | $ 876,000 | $ 146,000 | $ 60,000 |
| Cheboygan County Michigan | 6 | $ 1,950,000 | $ 325,000 | $ 273,000 |
| Crawford County Michigan | 6 | $ 493,000 | $ 82,000 | $ 52,000 |
| Ogemaw County Michigan | 6 | $ 528,000 | $ 88,000 | $ 82,000 |
| Berrien County Michigan | 5 | $ 974,000 | $ 194,000 | $ 42,000 |
| Otsego County Michigan | 5 | $ 705,000 | $ 141,000 | $ 176,000 |
| Alpena County Michigan | 4 | $ 524,000 | $ 131,000 | $ 132,000 |
| Gratiot County Michigan | 4 | $ 247,000 | $ 61,000 | $ 55,000 |
| Jackson County Michigan | 4 | $ 362,000 | $ 90,000 | $ 22,000 |
| Eaton County Michigan | 3 | $ 425,000 | $ 141,000 | $ 43,000 |
| Leelanau County Michigan | 3 | $ 693,000 | $ 231,000 | $ 76,000 |
| Menominee County Michigan | 3 | $ 372,000 | $ 124,000 | $ 60,000 |
| Newaygo County Michigan | 3 | $ 242,000 | $ 80,000 | $ 32,000 |
| Chippewa County Michigan | 2 | $ 137,000 | $ 68,000 | $ 25,000 |
| Hillsdale County Michigan | 2 | $ 355,000 | $ 177,000 | $ 18,000 |
| Lake County Michigan | 2 | $ 105,000 | $ 52,000 | $ 43,000 |
| Luce County Michigan | 2 | $ 139,000 | $ 69,000 | $ 38,000 |
| Oceana County Michigan | 2 | $ 308,000 | $ 154,000 | $ 70,000 |
| Wexford County Michigan | 2 | $ 252,000 | $ 126,000 | $ 161,000 |
| Lee County Florida | 1 | $ 700,000 | $ 700,000 | $ 0 |
| Cass County Michigan | 1 | $ 110,000 | $ 110,000 | $ 0 |
| Dickinson County Michigan | 1 | $ 70,000 | $ 70,000 | $ 57,000 |
| Gogebic County Michigan | 1 | $ 58,000 | $ 58,000 | $ 77,000 |
| Iron County Michigan | 1 | $ 106,000 | $ 106,000 | $ 49,000 |
| Kalkaska County Michigan | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Mason County Michigan | 1 | $ 78,000 | $ 78,000 | $ 127,000 |
| Presque Isle County Michigan | 1 | $ 70,000 | $ 70,000 | $ 48,000 |
| St. Joseph County Michigan | 1 | $ 78,000 | $ 78,000 | $ 25,000 |
Mortgage Loan Application Detail Totals for First Independence Bank in 2010
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 | 2,065 | $249,564,000 | $120,000 | $417,000 | $61,000 | $646,000 |
| Refinancing | 1,217 | $194,412,000 | $159,000 | $700,000 | $69,000 | $1,080,000 |
| Home Improvement | 24 | $1,027,000 | $42,000 | $200,000 | $47,000 | $154,000 |
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 | 2,905 | $392,916,000 | $135,000 | $417,000 | $65,000 | $1,080,000 |
| Black or African American | 202 | $22,417,000 | $110,000 | $362,000 | $58,000 | $396,000 |
| Hispanic | 80 | $9,146,000 | $114,000 | $400,000 | $47,000 | $172,000 |
| Asian | 51 | $9,009,000 | $176,000 | $364,000 | $79,000 | $347,000 |
| Not Provided | 32 | $5,720,000 | $178,000 | $372,000 | $90,000 | $205,000 |
| Not applicable | 24 | $4,033,000 | $168,000 | $700,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $921,000 | $115,000 | $250,000 | $52,000 | $86,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $841,000 | $210,000 | $261,000 | $20,000 | $40,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,752 | $227,622,000 | $129,000 | $345,000 | $48,000 | $396,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,026 | $156,809,000 | $152,000 | $700,000 | $99,000 | $1,080,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 407 | $41,667,000 | $102,000 | $368,000 | $42,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 121 | $18,905,000 | $156,000 | $417,000 | $60,000 | $168,000 |
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 | 2,220 | $302,137,000 | $136,000 | $700,000 | $64,000 | $646,000 |
| Application Denied By Financial Institution | 737 | $95,920,000 | $130,000 | $417,000 | $62,000 | $832,000 |
| Application Approved But Not Accepted | 310 | $41,388,000 | $133,000 | $417,000 | $71,000 | $1,080,000 |
| Loan Purchased By The Institution | 20 | $2,703,000 | $135,000 | $292,000 | $0 | $0 |
| File Closed For Incompleteness | 11 | $1,644,000 | $149,000 | $350,000 | $55,000 | $141,000 |
| Application Withdrawn By Applicant | 8 | $1,211,000 | $151,000 | $448,000 | $58,000 | $140,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 First Independence Bank's 2010 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 First Independence 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.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.