Huron Valley Financial, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Huron Valley Financial, Inc. of Ann Arbor, MI reported 2,055 mortgage applications totaling $407.9 million, down 30% from 2017. The average application was for $198,513, and applicants reported an average income of $88,035. 75% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (731), Ann Arbor, MI (311) and Detroit-Dearborn-Livonia, MI (229) (applications in parentheses).
| Mortgage Company & Address | Huron Valley Financial, Inc. 2395 Oak Valley Drive, Suite 200 Ann Arbor, MI 48103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 2,055 |
| Total Mortgage Loan Application Amount | $407,945,000 |
| Average Mortgage Loan Application Amount | $198,513 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $88,035 |
| Highest Applicant Income | $767,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Huron Valley Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 731 | $ 152,295,000 | $ 208,337 | $ 87,000 |
| Ann Arbor, MI | 311 | $ 69,765,000 | $ 224,324 | $ 115,000 |
| Detroit-Dearborn-Livonia, MI | 229 | $ 38,815,000 | $ 169,497 | $ 77,000 |
| Montgomery County-Bucks County-Chester County, PA | 119 | $ 30,705,000 | $ 258,025 | $ 97,000 |
| Outside any metro area | 98 | $ 14,440,000 | $ 147,346 | $ 56,642 |
| Philadelphia, PA | 94 | $ 17,750,000 | $ 188,829 | $ 93,000 |
| Grand Rapids-Wyoming, MI | 65 | $ 10,995,000 | $ 169,153 | $ 91,000 |
| Flint, MI | 56 | $ 9,710,000 | $ 173,392 | $ 79,000 |
| Lansing-East Lansing, MI | 47 | $ 6,705,000 | $ 142,659 | $ 71,000 |
| Monroe, MI | 36 | $ 5,800,000 | $ 161,111 | $ 66,000 |
| Toledo, OH | 31 | $ 3,495,000 | $ 112,741 | $ 52,000 |
| Jackson, MI | 22 | $ 2,780,000 | $ 126,363 | $ 56,000 |
| Wilmington, DE-MD-NJ | 22 | $ 4,860,000 | $ 220,909 | $ 62,727 |
| Indianapolis-Carmel-Anderson, IN | 19 | $ 3,105,000 | $ 163,421 | $ 77,000 |
| Gary, IN | 14 | $ 3,070,000 | $ 219,285 | $ 118,000 |
| Denver-Aurora-Lakewood, CO | 12 | $ 3,500,000 | $ 291,666 | $ 73,000 |
| Muskegon, MI | 10 | $ 1,670,000 | $ 167,000 | $ 64,000 |
| Battle Creek, MI | 7 | $ 1,065,000 | $ 152,142 | $ 52,000 |
| Camden, NJ | 7 | $ 1,825,000 | $ 260,714 | $ 87,000 |
| Chicago-Naperville-Arlington Heights, IL | 7 | $ 1,195,000 | $ 170,714 | $ 91,000 |
| Columbus, OH | 7 | $ 1,125,000 | $ 160,714 | $ 55,000 |
| Dover, DE | 7 | $ 1,665,000 | $ 237,857 | $ 63,000 |
| Atlantic City-Hammonton, NJ | 6 | $ 1,370,000 | $ 228,333 | $ 198,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 1,160,000 | $ 193,333 | $ 60,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 995,000 | $ 199,000 | $ 87,000 |
| Kalamazoo-Portage, MI | 5 | $ 665,000 | $ 133,000 | $ 67,000 |
| Reading, PA | 5 | $ 945,000 | $ 189,000 | $ 75,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 470,000 | $ 117,500 | $ 61,000 |
| Cincinnati, OH-KY-IN | 4 | $ 1,010,000 | $ 252,500 | $ 182,000 |
| Dayton, OH | 4 | $ 870,000 | $ 217,500 | $ 126,000 |
| Midland, MI | 4 | $ 800,000 | $ 200,000 | $ 95,000 |
| Niles-Benton Harbor, MI | 4 | $ 820,000 | $ 205,000 | $ 123,000 |
| Sebastian-Vero Beach, FL | 4 | $ 520,000 | $ 130,000 | $ 156,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 940,000 | $ 235,000 | $ 70,000 |
| Ocean City, NJ | 3 | $ 535,000 | $ 178,333 | $ 148,000 |
| Pittsburgh, PA | 3 | $ 615,000 | $ 205,000 | $ 67,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 785,000 | $ 261,666 | $ 117,000 |
| Baton Rouge, LA | 2 | $ 270,000 | $ 135,000 | $ 14,000 |
| Dallas-Plano-Irving, TX | 2 | $ 640,000 | $ 320,000 | $ 118,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 560,000 | $ 280,000 | $ 134,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 190,000 | $ 95,000 | $ 12,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 700,000 | $ 350,000 | $ 147,000 |
| Saginaw, MI | 2 | $ 280,000 | $ 140,000 | $ 116,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 970,000 | $ 485,000 | $ 153,000 |
| Bakersfield, CA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 405,000 | $ 405,000 | $ 360,000 |
| Bay City, MI | 1 | $ 145,000 | $ 145,000 | $ 267,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 335,000 | $ 335,000 | $ 77,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 155,000 | $ 155,000 | $ 70,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 455,000 | $ 455,000 | $ 189,000 |
| Durham-Chapel Hill, NC | 1 | $ 155,000 | $ 155,000 | $ 0 |
| East Stroudsburg, PA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Fort Wayne, IN | 1 | $ 185,000 | $ 185,000 | $ 70,000 |
| Knoxville, TN | 1 | $ 95,000 | $ 95,000 | $ 17,000 |
| Lafayette-West Lafayette, IN | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Lake Charles, LA | 1 | $ 65,000 | $ 65,000 | $ 43,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 215,000 | $ 215,000 | $ 76,000 |
| Lancaster, PA | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 205,000 | $ 205,000 | $ 60,000 |
| Michigan City-La Porte, IN | 1 | $ 75,000 | $ 75,000 | $ 40,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 455,000 | $ 455,000 | $ 423,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Newark, NJ-PA | 1 | $ 255,000 | $ 255,000 | $ 165,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 275,000 | $ 275,000 | $ 59,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 105,000 | $ 105,000 | $ 17,000 |
| San Diego-Carlsbad, CA | 1 | $ 205,000 | $ 205,000 | $ 15,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 155,000 | $ 155,000 | $ 131,000 |
| Trenton, NJ | 1 | $ 315,000 | $ 315,000 | $ 164,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 195,000 | $ 195,000 | $ 0 |
| York-Hanover, PA | 1 | $ 115,000 | $ 115,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for Huron Valley Financial, Inc. 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 | 1,539 | $311,535,000 | $202,000 | $1,205,000 | $87,000 | $651,000 |
| Cash-out Refinancing | 304 | $57,080,000 | $187,000 | $455,000 | $89,000 | $407,000 |
| Refinancing | 190 | $35,870,000 | $188,000 | $945,000 | $93,000 | $767,000 |
| Other Purpose | 21 | $3,305,000 | $157,000 | $455,000 | $105,000 | $206,000 |
| Not Applicable | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Home Improvement | 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 | 1,519 | $296,275,000 | $195,000 | $1,205,000 | $86,000 | $651,000 |
| Asian | 284 | $64,660,000 | $227,000 | $455,000 | $103,000 | $360,000 |
| Black or African American | 136 | $23,610,000 | $173,000 | $455,000 | $75,000 | $767,000 |
| Not Provided | 57 | $12,125,000 | $212,000 | $645,000 | $97,000 | $630,000 |
| Hispanic | 40 | $7,540,000 | $188,000 | $435,000 | $71,000 | $204,000 |
| Not applicable | 13 | $2,435,000 | $187,000 | $315,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $850,000 | $212,000 | $375,000 | $47,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $195,000 | $195,000 | $195,000 | $31,000 | $31,000 |
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) | 1,555 | $317,875,000 | $204,000 | $1,205,000 | $97,000 | $767,000 |
| FHA-insured (Federal Housing Administration) | 365 | $62,285,000 | $170,000 | $385,000 | $55,000 | $189,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 68 | $11,270,000 | $165,000 | $295,000 | $55,000 | $105,000 |
| VA-guaranteed (Veterans Administration) | 67 | $16,515,000 | $246,000 | $685,000 | $82,000 | $226,000 |
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 | 1,550 | $310,360,000 | $200,000 | $685,000 | $89,000 | $767,000 |
| Application Withdrawn By Applicant | 190 | $36,720,000 | $193,000 | $1,205,000 | $93,000 | $630,000 |
| Application Approved But Not Accepted | 177 | $34,505,000 | $194,000 | $615,000 | $77,000 | $369,000 |
| Application Denied By Financial Institution | 68 | $11,660,000 | $171,000 | $385,000 | $57,000 | $246,000 |
| File Closed For Incompleteness | 57 | $12,265,000 | $215,000 | $455,000 | $99,000 | $457,000 |
| Loan Purchased By The Institution | 13 | $2,435,000 | $187,000 | $315,000 | $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 | 1,987 | $396,285,000 | $199,000 | $1,205,000 | $89,000 | $767,000 |
| Collateral | 16 | $2,610,000 | $163,000 | $245,000 | $69,000 | $246,000 |
| Credit History | 14 | $2,320,000 | $165,000 | $365,000 | $66,000 | $226,000 |
| Debt-To-Income Ratio | 12 | $1,940,000 | $161,000 | $265,000 | $45,000 | $71,000 |
| Employment History | 10 | $1,620,000 | $162,000 | $325,000 | $48,000 | $71,000 |
| Other | 10 | $1,660,000 | $166,000 | $325,000 | $43,000 | $74,000 |
| Unverifiable Information | 6 | $1,510,000 | $251,000 | $385,000 | $70,000 | $147,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Huron Valley Financial, Inc.'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 Huron Valley Financial, Inc.'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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