Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2017
Independent Bank 2017 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 4200 East Beltline Grand Rapids, MI 49525 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 |
| Total Number of Mortgage Applications | 5,876 |
| Total Mortgage Loan Application Amount | $1,071,593,000 |
| Average Mortgage Loan Application Amount | $152,333 |
| Highest Mortgage Loan Application Amount | $7,575,000 |
| Average Applicant Income | $110,333 |
| Highest Applicant Income | $4,920,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2017 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 2017 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 2017.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kent County Michigan | 756 | $ 122,869,000 | $ 162,000 | $ 93,000 |
| Oakland County Michigan | 510 | $ 170,202,000 | $ 333,000 | $ 199,000 |
| Franklin County Ohio | 504 | $ 99,697,000 | $ 197,000 | $ 136,000 |
| Wayne County Michigan | 448 | $ 84,847,000 | $ 189,000 | $ 129,000 |
| Ionia County Michigan | 237 | $ 23,137,000 | $ 97,000 | $ 65,000 |
| Ingham County Michigan | 216 | $ 27,863,000 | $ 128,000 | $ 83,000 |
| Newaygo County Michigan | 184 | $ 16,640,000 | $ 90,000 | $ 67,000 |
| Eaton County Michigan | 182 | $ 18,395,000 | $ 101,000 | $ 71,000 |
| Macomb County Michigan | 176 | $ 33,234,000 | $ 188,000 | $ 102,000 |
| Saginaw County Michigan | 170 | $ 16,888,000 | $ 99,000 | $ 75,000 |
| Washtenaw County Michigan | 169 | $ 43,558,000 | $ 257,000 | $ 153,000 |
| Summit County Ohio | 152 | $ 32,387,000 | $ 213,000 | $ 164,000 |
| Livingston County Michigan | 144 | $ 35,171,000 | $ 244,000 | $ 141,000 |
| Delaware County Ohio | 144 | $ 42,343,000 | $ 294,000 | $ 225,000 |
| Bay County Michigan | 142 | $ 16,105,000 | $ 113,000 | $ 64,000 |
| Ottawa County Michigan | 141 | $ 26,375,000 | $ 187,000 | $ 106,000 |
| Montcalm County Michigan | 126 | $ 11,846,000 | $ 94,000 | $ 68,000 |
| Muskegon County Michigan | 92 | $ 14,527,000 | $ 157,000 | $ 97,000 |
| Mecosta County Michigan | 90 | $ 8,055,000 | $ 89,000 | $ 74,000 |
| Tuscola County Michigan | 63 | $ 3,404,000 | $ 54,000 | $ 56,000 |
| Kalamazoo County Michigan | 58 | $ 9,313,000 | $ 160,000 | $ 86,000 |
| Genesee County Michigan | 53 | $ 12,163,000 | $ 229,000 | $ 134,000 |
| Jackson County Michigan | 53 | $ 6,064,000 | $ 114,000 | $ 71,000 |
| Midland County Michigan | 53 | $ 6,406,000 | $ 120,000 | $ 78,000 |
| Huron County Michigan | 51 | $ 3,099,000 | $ 60,000 | $ 68,000 |
| Lapeer County Michigan | 46 | $ 5,949,000 | $ 129,000 | $ 101,000 |
| Grand Traverse County Michigan | 41 | $ 10,107,000 | $ 246,000 | $ 139,000 |
| Clinton County Michigan | 39 | $ 6,337,000 | $ 162,000 | $ 96,000 |
| Cuyahoga County Ohio | 37 | $ 7,062,000 | $ 190,000 | $ 108,000 |
| Barry County Michigan | 36 | $ 5,778,000 | $ 160,000 | $ 96,000 |
| Berrien County Michigan | 36 | $ 8,536,000 | $ 237,000 | $ 272,000 |
| Wexford County Michigan | 32 | $ 5,093,000 | $ 159,000 | $ 115,000 |
| Isabella County Michigan | 30 | $ 3,168,000 | $ 105,000 | $ 92,000 |
| Medina County Ohio | 29 | $ 6,866,000 | $ 236,000 | $ 172,000 |
| Osceola County Michigan | 27 | $ 2,943,000 | $ 109,000 | $ 70,000 |
| Allegan County Michigan | 26 | $ 5,620,000 | $ 216,000 | $ 83,000 |
| Charlevoix County Michigan | 25 | $ 7,247,000 | $ 289,000 | $ 244,000 |
| Licking County Ohio | 25 | $ 6,200,000 | $ 248,000 | $ 134,000 |
| Stark County Ohio | 24 | $ 6,476,000 | $ 269,000 | $ 173,000 |
| Arenac County Michigan | 23 | $ 1,772,000 | $ 77,000 | $ 81,000 |
| Union County Ohio | 23 | $ 7,569,000 | $ 329,000 | $ 185,000 |
| Lake County Michigan | 21 | $ 2,453,000 | $ 116,000 | $ 119,000 |
| Sanilac County Michigan | 21 | $ 1,251,000 | $ 59,000 | $ 59,000 |
| Antrim County Michigan | 20 | $ 6,430,000 | $ 321,000 | $ 213,000 |
| Calhoun County Michigan | 19 | $ 2,551,000 | $ 134,000 | $ 73,000 |
| Missaukee County Michigan | 18 | $ 1,947,000 | $ 108,000 | $ 55,000 |
| Gladwin County Michigan | 14 | $ 1,221,000 | $ 87,000 | $ 89,000 |
| Roscommon County Michigan | 14 | $ 1,694,000 | $ 121,000 | $ 98,000 |
| Leelanau County Michigan | 13 | $ 5,128,000 | $ 394,000 | $ 369,000 |
| Fairfield County Ohio | 13 | $ 2,585,000 | $ 198,000 | $ 132,000 |
| Van Buren County Michigan | 12 | $ 2,130,000 | $ 177,000 | $ 143,000 |
| Gratiot County Michigan | 11 | $ 842,000 | $ 76,000 | $ 46,000 |
| Lenawee County Michigan | 11 | $ 9,097,000 | $ 827,000 | $ 113,000 |
| Oceana County Michigan | 11 | $ 1,090,000 | $ 99,000 | $ 69,000 |
| Ogemaw County Michigan | 11 | $ 1,348,000 | $ 122,000 | $ 117,000 |
| Shiawassee County Michigan | 11 | $ 1,942,000 | $ 176,000 | $ 98,000 |
| Clare County Michigan | 10 | $ 830,000 | $ 83,000 | $ 77,000 |
| Wayne County Ohio | 10 | $ 2,245,000 | $ 224,000 | $ 138,000 |
| Benzie County Michigan | 9 | $ 1,502,000 | $ 166,000 | $ 193,000 |
| Crawford County Michigan | 9 | $ 1,112,000 | $ 123,000 | $ 73,000 |
| Mason County Michigan | 9 | $ 1,255,000 | $ 139,000 | $ 135,000 |
| Otsego County Michigan | 9 | $ 726,000 | $ 80,000 | $ 70,000 |
| Alcona County Michigan | 8 | $ 1,072,000 | $ 134,000 | $ 110,000 |
| Monroe County Michigan | 8 | $ 1,202,000 | $ 150,000 | $ 69,000 |
| Portage County Ohio | 8 | $ 1,622,000 | $ 202,000 | $ 109,000 |
| Collier County Florida | 7 | $ 3,508,000 | $ 501,000 | $ 290,000 |
| Kalkaska County Michigan | 7 | $ 628,000 | $ 89,000 | $ 74,000 |
| Cass County Michigan | 6 | $ 1,069,000 | $ 178,000 | $ 125,000 |
| Emmet County Michigan | 6 | $ 2,081,000 | $ 346,000 | $ 337,000 |
| Iosco County Michigan | 6 | $ 521,000 | $ 86,000 | $ 70,000 |
| Madison County Ohio | 6 | $ 1,537,000 | $ 256,000 | $ 134,000 |
| Broward County Florida | 5 | $ 1,497,000 | $ 299,000 | $ 172,000 |
| Montmorency County Michigan | 5 | $ 223,000 | $ 44,000 | $ 54,000 |
| St. Joseph County Michigan | 5 | $ 919,000 | $ 183,000 | $ 97,000 |
| Pickaway County Ohio | 5 | $ 1,577,000 | $ 315,000 | $ 154,000 |
| Charlotte County Florida | 4 | $ 523,000 | $ 130,000 | $ 111,000 |
| Lee County Florida | 4 | $ 1,118,000 | $ 279,000 | $ 155,000 |
| Alpena County Michigan | 4 | $ 355,000 | $ 88,000 | $ 79,000 |
| Manistee County Michigan | 4 | $ 718,000 | $ 179,000 | $ 133,000 |
| St. Clair County Michigan | 4 | $ 1,671,000 | $ 417,000 | $ 486,000 |
| Geauga County Ohio | 4 | $ 1,130,000 | $ 282,000 | $ 166,000 |
| Knox County Ohio | 4 | $ 658,000 | $ 164,000 | $ 63,000 |
| Lorain County Ohio | 4 | $ 951,000 | $ 237,000 | $ 139,000 |
| Lucas County Ohio | 4 | $ 650,000 | $ 162,000 | $ 110,000 |
| Mahoning County Ohio | 4 | $ 368,000 | $ 92,000 | $ 117,000 |
| Palm Beach County Florida | 3 | $ 1,047,000 | $ 349,000 | $ 176,000 |
| LaPorte County Indiana | 3 | $ 416,000 | $ 138,000 | $ 78,000 |
| Marion County Ohio | 3 | $ 654,000 | $ 218,000 | $ 134,000 |
| Miami County Ohio | 3 | $ 490,000 | $ 163,000 | $ 133,000 |
| Duval County Florida | 2 | $ 182,000 | $ 91,000 | $ 35,000 |
| Pasco County Florida | 2 | $ 183,000 | $ 91,000 | $ 21,000 |
| Cheboygan County Michigan | 2 | $ 891,000 | $ 445,000 | $ 255,000 |
| Chippewa County Michigan | 2 | $ 54,000 | $ 27,000 | $ 68,000 |
| Mackinac County Michigan | 2 | $ 373,000 | $ 186,000 | $ 362,000 |
| Davidson County North Carolina | 2 | $ 376,000 | $ 188,000 | $ 67,000 |
| Ashland County Ohio | 2 | $ 109,000 | $ 54,000 | $ 55,000 |
| Hamilton County Ohio | 2 | $ 235,000 | $ 117,000 | $ 145,000 |
| Hocking County Ohio | 2 | $ 450,000 | $ 225,000 | $ 202,000 |
| Morrow County Ohio | 2 | $ 452,000 | $ 226,000 | $ 93,000 |
| Perry County Ohio | 2 | $ 471,000 | $ 235,000 | $ 174,000 |
| Warren County Ohio | 2 | $ 146,000 | $ 73,000 | $ 71,000 |
| Colbert County Alabama | 1 | $ 2,000 | $ 2,000 | $ 69,000 |
| Hernando County Florida | 1 | $ 152,000 | $ 152,000 | $ 43,000 |
| Highlands County Florida | 1 | $ 161,000 | $ 161,000 | $ 90,000 |
| Lake County Florida | 1 | $ 90,000 | $ 90,000 | $ 53,000 |
| Leon County Florida | 1 | $ 188,000 | $ 188,000 | $ 81,000 |
| Manatee County Florida | 1 | $ 200,000 | $ 200,000 | $ 190,000 |
| Marion County Florida | 1 | $ 67,000 | $ 67,000 | $ 59,000 |
| Martin County Florida | 1 | $ 1,607,000 | $ 1,607,000 | $ 2,890,000 |
| Pinellas County Florida | 1 | $ 90,000 | $ 90,000 | $ 206,000 |
| Polk County Florida | 1 | $ 194,000 | $ 194,000 | $ 145,000 |
| Sarasota County Florida | 1 | $ 198,000 | $ 198,000 | $ 177,000 |
| Cook County Illinois | 1 | $ 256,000 | $ 256,000 | $ 97,000 |
| DuPage County Illinois | 1 | $ 1,944,000 | $ 1,944,000 | $ 620,000 |
| Marion County Indiana | 1 | $ 990,000 | $ 990,000 | $ 589,000 |
| Shelby County Indiana | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| St. Joseph County Indiana | 1 | $ 190,000 | $ 190,000 | $ 167,000 |
| Marquette County Michigan | 1 | $ 243,000 | $ 243,000 | $ 93,000 |
| Presque Isle County Michigan | 1 | $ 50,000 | $ 50,000 | $ 33,000 |
| Henderson County North Carolina | 1 | $ 362,000 | $ 362,000 | $ 145,000 |
| New Hanover County North Carolina | 1 | $ 316,000 | $ 316,000 | $ 189,000 |
| Rowan County North Carolina | 1 | $ 172,000 | $ 172,000 | $ 67,000 |
| Athens County Ohio | 1 | $ 78,000 | $ 78,000 | $ 159,000 |
| Butler County Ohio | 1 | $ 320,000 | $ 320,000 | $ 150,000 |
| Columbiana County Ohio | 1 | $ 44,000 | $ 44,000 | $ 62,000 |
| Erie County Ohio | 1 | $ 125,000 | $ 125,000 | $ 89,000 |
| Greene County Ohio | 1 | $ 97,000 | $ 97,000 | $ 26,000 |
| Lake County Ohio | 1 | $ 216,000 | $ 216,000 | $ 113,000 |
| Noble County Ohio | 1 | $ 112,000 | $ 112,000 | $ 98,000 |
| Shelby County Ohio | 1 | $ 197,000 | $ 197,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2017
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 | 4,211 | $847,965,000 | $201,000 | $7,575,000 | $122,000 | $4,920,000 |
| Refinancing | 911 | $175,334,000 | $192,000 | $2,480,000 | $131,000 | $3,948,000 |
| Home Improvement | 754 | $48,294,000 | $64,000 | $1,300,000 | $78,000 | $864,000 |
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 | 4,898 | $883,088,000 | $180,000 | $2,565,000 | $116,000 | $4,920,000 |
| Not Provided | 525 | $90,899,000 | $173,000 | $1,165,000 | $140,000 | $3,948,000 |
| Hispanic | 147 | $19,978,000 | $135,000 | $1,710,000 | $82,000 | $437,000 |
| Asian | 144 | $39,666,000 | $275,000 | $2,875,000 | $184,000 | $1,161,000 |
| Black or African American | 123 | $19,227,000 | $156,000 | $2,380,000 | $100,000 | $1,216,000 |
| Not applicable | 25 | $16,367,000 | $654,000 | $7,575,000 | $0 | $0 |
| American Indian or Alaskan Native | 11 | $1,598,000 | $145,000 | $231,000 | $72,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $770,000 | $256,000 | $596,000 | $273,000 | $275,000 |
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) | 5,261 | $990,877,000 | $188,000 | $7,575,000 | $126,000 | $4,920,000 |
| FHA-insured (Federal Housing Administration) | 406 | $51,768,000 | $127,000 | $294,000 | $56,000 | $456,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 114 | $13,738,000 | $120,000 | $298,000 | $44,000 | $90,000 |
| VA-guaranteed (Veterans Administration) | 95 | $15,210,000 | $160,000 | $420,000 | $61,000 | $180,000 |
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 | 4,641 | $873,284,000 | $188,000 | $7,575,000 | $119,000 | $2,688,000 |
| Application Withdrawn By Applicant | 700 | $125,042,000 | $178,000 | $1,360,000 | $131,000 | $4,920,000 |
| Application Denied By Financial Institution | 411 | $51,344,000 | $124,000 | $2,875,000 | $90,000 | $2,890,000 |
| File Closed For Incompleteness | 69 | $13,682,000 | $198,000 | $1,000,000 | $114,000 | $536,000 |
| Application Approved But Not Accepted | 40 | $6,831,000 | $170,000 | $1,205,000 | $112,000 | $541,000 |
| Loan Purchased By The Institution | 15 | $1,410,000 | $94,000 | $259,000 | $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 |
|---|---|---|---|---|---|---|
| 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 Independent Bank's 2017 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.