Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2004
Independent Bank 2004 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 | Independent Bank 230 W Main Street Ionia, MI 48846 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 883 |
| Total Mortgage Loan Application Amount | $29,883,000 |
| Average Mortgage Loan Application Amount | $32,666 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $43,666 |
| Highest Applicant Income | $434,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2004 with Independent 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 Independent Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2004 breaks down Independent 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 Independent Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Independent 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 Independent Bank's mortgage activity for 2004.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bay County Michigan | 111 | $ 3,670,000 | $ 33,000 | $ 38,000 |
| Ionia County Michigan | 63 | $ 2,357,000 | $ 37,000 | $ 33,000 |
| Saginaw County Michigan | 56 | $ 2,104,000 | $ 37,000 | $ 40,000 |
| Iosco County Michigan | 52 | $ 1,298,000 | $ 24,000 | $ 40,000 |
| Oakland County Michigan | 52 | $ 1,818,000 | $ 34,000 | $ 57,000 |
| Ogemaw County Michigan | 42 | $ 781,000 | $ 18,000 | $ 33,000 |
| Kent County Michigan | 40 | $ 1,348,000 | $ 33,000 | $ 50,000 |
| Macomb County Michigan | 35 | $ 1,236,000 | $ 35,000 | $ 38,000 |
| Arenac County Michigan | 28 | $ 1,073,000 | $ 38,000 | $ 48,000 |
| Midland County Michigan | 26 | $ 1,049,000 | $ 40,000 | $ 47,000 |
| Washtenaw County Michigan | 26 | $ 999,000 | $ 38,000 | $ 48,000 |
| Isabella County Michigan | 25 | $ 840,000 | $ 33,000 | $ 69,000 |
| Genesee County Michigan | 23 | $ 743,000 | $ 32,000 | $ 48,000 |
| Wayne County Michigan | 23 | $ 767,000 | $ 33,000 | $ 45,000 |
| Alpena County Michigan | 15 | $ 500,000 | $ 33,000 | $ 41,000 |
| Montcalm County Michigan | 15 | $ 260,000 | $ 17,000 | $ 97,000 |
| Gratiot County Michigan | 14 | $ 399,000 | $ 28,000 | $ 40,000 |
| Otsego County Michigan | 14 | $ 341,000 | $ 24,000 | $ 46,000 |
| Lapeer County Michigan | 11 | $ 310,000 | $ 28,000 | $ 46,000 |
| Ottawa County Michigan | 11 | $ 524,000 | $ 47,000 | $ 34,000 |
| Berrien County Michigan | 10 | $ 353,000 | $ 35,000 | $ 44,000 |
| Monroe County Michigan | 10 | $ 376,000 | $ 37,000 | $ 41,000 |
| Alcona County Michigan | 9 | $ 94,000 | $ 10,000 | $ 33,000 |
| Gladwin County Michigan | 9 | $ 319,000 | $ 35,000 | $ 38,000 |
| Ingham County Michigan | 9 | $ 322,000 | $ 35,000 | $ 43,000 |
| Muskegon County Michigan | 9 | $ 264,000 | $ 29,000 | $ 33,000 |
| St. Clair County Michigan | 9 | $ 322,000 | $ 35,000 | $ 44,000 |
| Clinton County Michigan | 8 | $ 336,000 | $ 42,000 | $ 49,000 |
| Lenawee County Michigan | 8 | $ 318,000 | $ 39,000 | $ 41,000 |
| Roscommon County Michigan | 8 | $ 106,000 | $ 13,000 | $ 39,000 |
| Calhoun County Michigan | 7 | $ 260,000 | $ 37,000 | $ 31,000 |
| Eaton County Michigan | 7 | $ 206,000 | $ 29,000 | $ 36,000 |
| Jackson County Michigan | 7 | $ 182,000 | $ 26,000 | $ 39,000 |
| Kalamazoo County Michigan | 7 | $ 279,000 | $ 39,000 | $ 51,000 |
| Newaygo County Michigan | 7 | $ 233,000 | $ 33,000 | $ 62,000 |
| Oscoda County Michigan | 7 | $ 125,000 | $ 17,000 | $ 27,000 |
| Allegan County Michigan | 6 | $ 201,000 | $ 33,000 | $ 53,000 |
| Branch County Michigan | 6 | $ 199,000 | $ 33,000 | $ 69,000 |
| Grand Traverse County Michigan | 6 | $ 159,000 | $ 26,000 | $ 31,000 |
| Livingston County Michigan | 6 | $ 307,000 | $ 51,000 | $ 50,000 |
| Clare County Michigan | 5 | $ 610,000 | $ 122,000 | $ 40,000 |
| Barry County Michigan | 4 | $ 113,000 | $ 28,000 | $ 66,000 |
| Crawford County Michigan | 4 | $ 124,000 | $ 31,000 | $ 45,000 |
| Mecosta County Michigan | 4 | $ 112,000 | $ 28,000 | $ 34,000 |
| Presque Isle County Michigan | 4 | $ 65,000 | $ 16,000 | $ 46,000 |
| Shiawassee County Michigan | 4 | $ 122,000 | $ 30,000 | $ 43,000 |
| St. Joseph County Michigan | 3 | $ 87,000 | $ 29,000 | $ 20,000 |
| Chippewa County Michigan | 2 | $ 738,000 | $ 369,000 | $ 0 |
| Montmorency County Michigan | 2 | $ 28,000 | $ 14,000 | $ 27,000 |
| Tuscola County Michigan | 2 | $ 154,000 | $ 77,000 | $ 37,000 |
| Van Buren County Michigan | 2 | $ 84,000 | $ 42,000 | $ 46,000 |
| Antrim County Michigan | 1 | $ 7,000 | $ 7,000 | $ 28,000 |
| Cass County Michigan | 1 | $ 36,000 | $ 36,000 | $ 29,000 |
| Charlevoix County Michigan | 1 | $ 36,000 | $ 36,000 | $ 25,000 |
| Delta County Michigan | 1 | $ 42,000 | $ 42,000 | $ 34,000 |
| Emmet County Michigan | 1 | $ 24,000 | $ 24,000 | $ 39,000 |
| Huron County Michigan | 1 | $ 17,000 | $ 17,000 | $ 28,000 |
| Kalkaska County Michigan | 1 | $ 16,000 | $ 16,000 | $ 36,000 |
| Lake County Michigan | 1 | $ 35,000 | $ 35,000 | $ 79,000 |
| Osceola County Michigan | 1 | $ 14,000 | $ 14,000 | $ 12,000 |
| Wexford County Michigan | 1 | $ 41,000 | $ 41,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2004
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 | 346 | $12,812,000 | $37,000 | $570,000 | $43,000 | $256,000 |
| Refinancing | 290 | $12,518,000 | $43,000 | $1,000,000 | $39,000 | $434,000 |
| Home Improvement | 247 | $4,553,000 | $18,000 | $156,000 | $49,000 | $400,000 |
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 | 812 | $24,316,000 | $29,000 | $208,000 | $44,000 | $434,000 |
| Hispanic | 19 | $354,000 | $18,000 | $61,000 | $55,000 | $131,000 |
| Not Provided | 18 | $1,161,000 | $64,000 | $270,000 | $28,000 | $74,000 |
| Black or African American | 15 | $502,000 | $33,000 | $70,000 | $53,000 | $102,000 |
| Not applicable | 14 | $3,366,000 | $240,000 | $1,000,000 | $5,000 | $165,000 |
| American Indian or Alaskan Native | 4 | $157,000 | $39,000 | $78,000 | $44,000 | $64,000 |
| Asian | 1 | $27,000 | $27,000 | $27,000 | $28,000 | $28,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 883 | $29,883,000 | $33,000 | $1,000,000 | $43,000 | $434,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 548 | $18,424,000 | $33,000 | $1,000,000 | $46,000 | $434,000 |
| Application Denied By Financial Institution | 220 | $6,758,000 | $30,000 | $570,000 | $39,000 | $133,000 |
| Application Approved But Not Accepted | 106 | $3,927,000 | $37,000 | $144,000 | $41,000 | $120,000 |
| Application Withdrawn By Applicant | 8 | $759,000 | $94,000 | $270,000 | $69,000 | $400,000 |
| File Closed For Incompleteness | 1 | $15,000 | $15,000 | $15,000 | $17,000 | $17,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 92 | $3,372,000 | $36,000 | $570,000 | $37,000 | $133,000 |
| Credit History | 87 | $2,128,000 | $24,000 | $81,000 | $42,000 | $100,000 |
| Employment History | 16 | $489,000 | $30,000 | $67,000 | $32,000 | $84,000 |
| Collateral | 6 | $80,000 | $13,000 | $34,000 | $30,000 | $49,000 |
| Other | 4 | $92,000 | $23,000 | $47,000 | $40,000 | $77,000 |
| Unverifiable Information | 1 | $3,000 | $3,000 | $3,000 | $30,000 | $30,000 |
| 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 Independent Bank's 2004 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 Independent 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.