Gold Star Mortgage Financial Group, Corporation Mortgage Lending & HMDA Data, 2024
In 2024, Gold Star Mortgage Financial Group, Corporation of Ann Arbor, MI reported 8,462 mortgage applications totaling $2.7 billion, up 20% from 2023. The average application was for $315,131, and applicants reported an average income of $140,318. 60% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (448), Orlando-Kissimmee-Sanford, FL (437) and Detroit-Dearborn-Livonia, MI (413) (applications in parentheses).
| Mortgage Company & Address | Gold Star Mortgage Financial Group, Corporation 2350 Green Road Suite 100b Ann Arbor, MI 48105 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 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 8,462 |
| Total Mortgage Loan Application Amount | $2,666,640,000 |
| Average Mortgage Loan Application Amount | $315,131 |
| Highest Mortgage Loan Application Amount | $5,525,000 |
| Average Applicant Income | $140,318 |
| Highest Applicant Income | $6,625,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gold Star Mortgage Financial Group, Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Gold Star Mortgage Financial Group, Corporation in 2024
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 | 7,240 | $2,241,790,000 | $309,000 | $5,525,000 | $136,000 | $6,625,000 |
| Refinancing | 597 | $231,695,000 | $388,000 | $3,005,000 | $203,000 | $5,066,000 |
| Cash-out Refinancing | 592 | $181,970,000 | $307,000 | $2,345,000 | $130,000 | $2,617,000 |
| Home Improvement | 33 | $11,185,000 | $338,000 | $1,225,000 | $139,000 | $621,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 4,299 | $1,386,745,000 | $322,000 | $5,525,000 | $147,000 | $5,066,000 |
| Hispanic | 1,531 | $450,235,000 | $294,000 | $1,135,000 | $115,000 | $1,603,000 |
| Not Provided | 1,170 | $409,750,000 | $350,000 | $3,225,000 | $164,000 | $6,625,000 |
| Black or African American | 906 | $215,800,000 | $238,000 | $1,355,000 | $106,000 | $2,976,000 |
| Asian | 381 | $149,355,000 | $392,000 | $1,185,000 | $165,000 | $2,160,000 |
| American Indian or Alaskan Native | 141 | $42,135,000 | $298,000 | $1,045,000 | $127,000 | $663,000 |
| Native Hawaiian or Other Pacific Islander | 34 | $12,620,000 | $371,000 | $725,000 | $133,000 | $524,000 |
| 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) | 5,389 | $1,691,775,000 | $313,000 | $5,525,000 | $162,000 | $6,625,000 |
| FHA-insured (Federal Housing Administration) | 2,339 | $689,495,000 | $294,000 | $1,135,000 | $95,000 | $749,000 |
| VA-guaranteed (Veterans Administration) | 648 | $266,400,000 | $411,000 | $2,065,000 | $121,000 | $717,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 86 | $18,970,000 | $220,000 | $405,000 | $77,000 | $136,000 |
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 | 5,102 | $1,620,890,000 | $317,000 | $5,525,000 | $136,000 | $6,625,000 |
| Application Withdrawn By Applicant | 1,774 | $564,620,000 | $318,000 | $2,715,000 | $165,000 | $5,066,000 |
| Application Approved But Not Accepted | 752 | $235,770,000 | $313,000 | $1,855,000 | $126,000 | $963,000 |
| Preapproval Approved but not Accepted | 440 | $129,420,000 | $294,000 | $1,255,000 | $104,000 | $486,000 |
| Application Denied By Financial Institution | 213 | $55,315,000 | $259,000 | $1,605,000 | $121,000 | $5,000,000 |
| File Closed For Incompleteness | 152 | $53,590,000 | $352,000 | $2,345,000 | $174,000 | $2,805,000 |
| Preapproval Denied by Financial Institution | 29 | $7,035,000 | $242,000 | $855,000 | $80,000 | $149,000 |
| Loan Purchased By The 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 | 8,220 | $2,604,290,000 | $316,000 | $5,525,000 | $140,000 | $6,625,000 |
| Debt-To-Income Ratio | 118 | $30,370,000 | $257,000 | $975,000 | $84,000 | $297,000 |
| Collateral | 44 | $12,690,000 | $288,000 | $1,605,000 | $237,000 | $5,000,000 |
| Credit History | 29 | $6,615,000 | $228,000 | $855,000 | $89,000 | $141,000 |
| Unverifiable Information | 21 | $5,825,000 | $277,000 | $755,000 | $115,000 | $243,000 |
| Other | 10 | $2,060,000 | $206,000 | $425,000 | $76,000 | $173,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,635,000 | $181,000 | $335,000 | $104,000 | $164,000 |
| Employment History | 6 | $1,980,000 | $330,000 | $655,000 | $116,000 | $235,000 |
| Credit Application Incomplete | 5 | $1,175,000 | $235,000 | $345,000 | $70,000 | $153,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gold Star Mortgage Financial Group, Corporation's 2024 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 Gold Star Mortgage Financial Group, Corporation'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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