Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Independent Bank 2005 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 | 1,354 |
| Total Mortgage Loan Application Amount | $54,729,000 |
| Average Mortgage Loan Application Amount | $111,000 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $35,900 |
| Highest Applicant Income | $374,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 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 2005 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 2005.
| 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 | 132 | $ 4,445,000 | $ 33,000 | $ 37,000 |
| Saginaw County Michigan | 85 | $ 3,278,000 | $ 38,000 | $ 48,000 |
| Ogemaw County Michigan | 79 | $ 1,939,000 | $ 24,000 | $ 44,000 |
| Iosco County Michigan | 53 | $ 1,862,000 | $ 35,000 | $ 38,000 |
| Macomb County Michigan | 50 | $ 2,406,000 | $ 48,000 | $ 50,000 |
| Oakland County Michigan | 48 | $ 2,390,000 | $ 49,000 | $ 47,000 |
| Washtenaw County Michigan | 46 | $ 2,428,000 | $ 52,000 | $ 48,000 |
| Wayne County Michigan | 45 | $ 2,566,000 | $ 57,000 | $ 58,000 |
| Isabella County Michigan | 43 | $ 970,000 | $ 22,000 | $ 59,000 |
| Kent County Michigan | 43 | $ 3,911,000 | $ 90,000 | $ 27,000 |
| Arenac County Michigan | 38 | $ 1,214,000 | $ 31,000 | $ 39,000 |
| Lapeer County Michigan | 37 | $ 1,955,000 | $ 52,000 | $ 55,000 |
| Alpena County Michigan | 36 | $ 1,184,000 | $ 32,000 | $ 40,000 |
| Otsego County Michigan | 34 | $ 908,000 | $ 26,000 | $ 42,000 |
| Ionia County Michigan | 33 | $ 1,165,000 | $ 35,000 | $ 41,000 |
| Roscommon County Michigan | 31 | $ 584,000 | $ 18,000 | $ 37,000 |
| Genesee County Michigan | 30 | $ 1,597,000 | $ 53,000 | $ 59,000 |
| Midland County Michigan | 24 | $ 933,000 | $ 38,000 | $ 35,000 |
| Kalamazoo County Michigan | 22 | $ 996,000 | $ 45,000 | $ 38,000 |
| Alcona County Michigan | 20 | $ 468,000 | $ 23,000 | $ 48,000 |
| Lenawee County Michigan | 20 | $ 804,000 | $ 40,000 | $ 46,000 |
| Livingston County Michigan | 18 | $ 1,001,000 | $ 55,000 | $ 52,000 |
| Berrien County Michigan | 16 | $ 652,000 | $ 40,000 | $ 44,000 |
| Calhoun County Michigan | 15 | $ 640,000 | $ 42,000 | $ 35,000 |
| Monroe County Michigan | 15 | $ 729,000 | $ 48,000 | $ 43,000 |
| Oscoda County Michigan | 14 | $ 435,000 | $ 31,000 | $ 56,000 |
| Ingham County Michigan | 13 | $ 539,000 | $ 41,000 | $ 63,000 |
| Ottawa County Michigan | 13 | $ 459,000 | $ 35,000 | $ 35,000 |
| Jackson County Michigan | 12 | $ 396,000 | $ 33,000 | $ 37,000 |
| Elkhart County Indiana | 11 | $ 366,000 | $ 33,000 | $ 36,000 |
| Clinton County Michigan | 11 | $ 524,000 | $ 47,000 | $ 54,000 |
| Eaton County Michigan | 11 | $ 414,000 | $ 37,000 | $ 50,000 |
| Montmorency County Michigan | 11 | $ 340,000 | $ 30,000 | $ 36,000 |
| St. Clair County Michigan | 11 | $ 556,000 | $ 50,000 | $ 46,000 |
| Allegan County Michigan | 10 | $ 445,000 | $ 44,000 | $ 42,000 |
| Clare County Michigan | 10 | $ 347,000 | $ 34,000 | $ 59,000 |
| Presque Isle County Michigan | 9 | $ 333,000 | $ 37,000 | $ 30,000 |
| St. Joseph County Michigan | 9 | $ 373,000 | $ 41,000 | $ 68,000 |
| Gladwin County Michigan | 8 | $ 319,000 | $ 39,000 | $ 79,000 |
| Muskegon County Michigan | 8 | $ 396,000 | $ 49,000 | $ 34,000 |
| Allen County Ohio | 8 | $ 414,000 | $ 51,000 | $ 36,000 |
| Hillsdale County Michigan | 7 | $ 238,000 | $ 34,000 | $ 34,000 |
| Montcalm County Michigan | 7 | $ 212,000 | $ 30,000 | $ 76,000 |
| Shiawassee County Michigan | 7 | $ 232,000 | $ 33,000 | $ 31,000 |
| Crawford County Michigan | 6 | $ 160,000 | $ 26,000 | $ 77,000 |
| Grand Traverse County Michigan | 6 | $ 179,000 | $ 29,000 | $ 39,000 |
| Stark County Ohio | 6 | $ 199,000 | $ 33,000 | $ 41,000 |
| Gratiot County Michigan | 5 | $ 200,000 | $ 40,000 | $ 68,000 |
| Mecosta County Michigan | 5 | $ 149,000 | $ 29,000 | $ 45,000 |
| Missaukee County Michigan | 5 | $ 86,000 | $ 17,000 | $ 33,000 |
| Newaygo County Michigan | 5 | $ 321,000 | $ 64,000 | $ 28,000 |
| Fulton County Ohio | 5 | $ 265,000 | $ 53,000 | $ 46,000 |
| Lake County Indiana | 4 | $ 125,000 | $ 31,000 | $ 30,000 |
| Cass County Michigan | 4 | $ 173,000 | $ 43,000 | $ 45,000 |
| Tuscola County Michigan | 4 | $ 55,000 | $ 13,000 | $ 47,000 |
| Ottawa County Ohio | 4 | $ 286,000 | $ 71,000 | $ 60,000 |
| Allen County Indiana | 3 | $ 105,000 | $ 35,000 | $ 39,000 |
| DeKalb County Indiana | 3 | $ 76,000 | $ 25,000 | $ 27,000 |
| Antrim County Michigan | 3 | $ 65,000 | $ 21,000 | $ 47,000 |
| Charlevoix County Michigan | 3 | $ 127,000 | $ 42,000 | $ 43,000 |
| Cheboygan County Michigan | 3 | $ 262,000 | $ 87,000 | $ 41,000 |
| Manistee County Michigan | 3 | $ 71,000 | $ 23,000 | $ 38,000 |
| Clermont County Ohio | 3 | $ 151,000 | $ 50,000 | $ 48,000 |
| Lorain County Ohio | 3 | $ 121,000 | $ 40,000 | $ 46,000 |
| Portage County Ohio | 3 | $ 96,000 | $ 32,000 | $ 31,000 |
| Wayne County Ohio | 3 | $ 110,000 | $ 36,000 | $ 37,000 |
| Wood County Ohio | 3 | $ 147,000 | $ 49,000 | $ 41,000 |
| Carroll County Indiana | 2 | $ 69,000 | $ 34,000 | $ 44,000 |
| LaPorte County Indiana | 2 | $ 51,000 | $ 25,000 | $ 39,000 |
| Madison County Indiana | 2 | $ 114,000 | $ 57,000 | $ 29,000 |
| Branch County Michigan | 2 | $ 55,000 | $ 27,000 | $ 34,000 |
| Van Buren County Michigan | 2 | $ 93,000 | $ 46,000 | $ 62,000 |
| Wexford County Michigan | 2 | $ 50,000 | $ 25,000 | $ 51,000 |
| Clark County Ohio | 2 | $ 96,000 | $ 48,000 | $ 64,000 |
| Defiance County Ohio | 2 | $ 83,000 | $ 41,000 | $ 52,000 |
| Erie County Ohio | 2 | $ 42,000 | $ 21,000 | $ 37,000 |
| Hamilton County Ohio | 2 | $ 50,000 | $ 25,000 | $ 62,000 |
| Lake County Ohio | 2 | $ 73,000 | $ 36,000 | $ 33,000 |
| Lucas County Ohio | 2 | $ 51,000 | $ 25,000 | $ 40,000 |
| Shelby County Ohio | 2 | $ 55,000 | $ 27,000 | $ 38,000 |
| Amador County California | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Bartholomew County Indiana | 1 | $ 29,000 | $ 29,000 | $ 42,000 |
| Boone County Indiana | 1 | $ 31,000 | $ 31,000 | $ 40,000 |
| Cass County Indiana | 1 | $ 56,000 | $ 56,000 | $ 20,000 |
| Clark County Indiana | 1 | $ 42,000 | $ 42,000 | $ 32,000 |
| Grant County Indiana | 1 | $ 39,000 | $ 39,000 | $ 32,000 |
| Hamilton County Indiana | 1 | $ 30,000 | $ 30,000 | $ 33,000 |
| Howard County Indiana | 1 | $ 47,000 | $ 47,000 | $ 29,000 |
| Kosciusko County Indiana | 1 | $ 29,000 | $ 29,000 | $ 30,000 |
| LaGrange County Indiana | 1 | $ 39,000 | $ 39,000 | $ 126,000 |
| Marion County Indiana | 1 | $ 29,000 | $ 29,000 | $ 72,000 |
| Perry County Indiana | 1 | $ 40,000 | $ 40,000 | $ 25,000 |
| Shelby County Indiana | 1 | $ 27,000 | $ 27,000 | $ 30,000 |
| Wabash County Indiana | 1 | $ 39,000 | $ 39,000 | $ 28,000 |
| Whitley County Indiana | 1 | $ 58,000 | $ 58,000 | $ 45,000 |
| Plymouth County Massachusetts | 1 | $ 30,000 | $ 30,000 | $ 14,000 |
| Barry County Michigan | 1 | $ 43,000 | $ 43,000 | $ 25,000 |
| Huron County Michigan | 1 | $ 22,000 | $ 22,000 | $ 19,000 |
| Kalkaska County Michigan | 1 | $ 17,000 | $ 17,000 | $ 46,000 |
| Lake County Michigan | 1 | $ 43,000 | $ 43,000 | $ 49,000 |
| Mackinac County Michigan | 1 | $ 65,000 | $ 65,000 | $ 70,000 |
| Sanilac County Michigan | 1 | $ 11,000 | $ 11,000 | $ 19,000 |
| Wright County Minnesota | 1 | $ 63,000 | $ 63,000 | $ 45,000 |
| Butler County Ohio | 1 | $ 39,000 | $ 39,000 | $ 45,000 |
| Cuyahoga County Ohio | 1 | $ 38,000 | $ 38,000 | $ 65,000 |
| Hancock County Ohio | 1 | $ 40,000 | $ 40,000 | $ 29,000 |
| Montgomery County Ohio | 1 | $ 46,000 | $ 46,000 | $ 35,000 |
| Richland County Ohio | 1 | $ 16,000 | $ 16,000 | $ 29,000 |
| Sandusky County Ohio | 1 | $ 74,000 | $ 74,000 | $ 70,000 |
| Summit County Ohio | 1 | $ 28,000 | $ 28,000 | $ 56,000 |
| Trumbull County Ohio | 1 | $ 26,000 | $ 26,000 | $ 42,000 |
| Tuscarawas County Ohio | 1 | $ 26,000 | $ 26,000 | $ 21,000 |
| Van Wert County Ohio | 1 | $ 43,000 | $ 43,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2005
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 | 549 | $23,509,000 | $42,400 | $555,000 | $37,200 | $374,000 |
| Refinancing | 508 | $25,387,000 | $219,750 | $2,500,000 | $30,500 | $264,000 |
| Home Improvement | 297 | $5,833,000 | $19,000 | $168,000 | $51,000 | $290,000 |
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 | 1,257 | $46,339,000 | $41,200 | $264,000 | $37,200 | $374,000 |
| Hispanic | 28 | $1,026,000 | $36,000 | $155,000 | $51,000 | $124,000 |
| Not Provided | 27 | $1,132,000 | $35,333 | $94,000 | $34,666 | $151,000 |
| Black or African American | 20 | $698,000 | $34,000 | $97,000 | $47,000 | $95,000 |
| Not applicable | 14 | $5,359,000 | $552,000 | $2,500,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $98,000 | $19,000 | $34,000 | $90,000 | $174,000 |
| Asian | 3 | $77,000 | $25,000 | $34,000 | $37,000 | $62,000 |
| 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) | 1,354 | $54,729,000 | $159,833 | $2,500,000 | $30,833 | $374,000 |
| 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 | 833 | $32,432,000 | $215,250 | $2,500,000 | $31,750 | $303,000 |
| Application Denied By Financial Institution | 269 | $10,450,000 | $38,750 | $256,000 | $32,750 | $169,000 |
| Application Approved But Not Accepted | 244 | $11,290,000 | $45,750 | $325,000 | $44,500 | $374,000 |
| Application Withdrawn By Applicant | 7 | $427,000 | $61,000 | $260,000 | $35,000 | $107,000 |
| File Closed For Incompleteness | 1 | $130,000 | $130,000 | $130,000 | $0 | $0 |
| 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 | 125 | $5,242,000 | $38,333 | $256,000 | $31,666 | $110,000 |
| Credit History | 112 | $3,858,000 | $42,666 | $96,000 | $40,333 | $169,000 |
| Employment History | 22 | $907,000 | $52,000 | $74,000 | $48,666 | $72,000 |
| Collateral | 6 | $287,000 | $41,000 | $99,000 | $48,000 | $101,000 |
| Other | 2 | $71,000 | $35,000 | $51,000 | $54,000 | $73,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $14,000 | $14,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $55,000 | $55,000 | $55,000 | $40,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2005 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.