Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2018
Independent Bank 2018 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 | 5,974 |
| Total Mortgage Loan Application Amount | $1,127,270,000 |
| Average Mortgage Loan Application Amount | $152,000 |
| Highest Mortgage Loan Application Amount | $8,005,000 |
| Average Applicant Income | $119,600 |
| Highest Applicant Income | $2,378,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2018 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 2018 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 2018.
| 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 | 845 | $ 141,185,000 | $ 167,000 | $ 105,000 |
| Wayne County Michigan | 502 | $ 96,280,000 | $ 191,000 | $ 138,000 |
| Oakland County Michigan | 490 | $ 133,030,000 | $ 271,000 | $ 181,000 |
| Livingston County Michigan | 269 | $ 64,655,000 | $ 240,000 | $ 132,000 |
| Grand Traverse County Michigan | 255 | $ 48,145,000 | $ 188,000 | $ 136,000 |
| Ionia County Michigan | 204 | $ 21,600,000 | $ 105,000 | $ 72,000 |
| Washtenaw County Michigan | 204 | $ 62,140,000 | $ 304,000 | $ 179,000 |
| Ingham County Michigan | 188 | $ 27,470,000 | $ 146,000 | $ 99,000 |
| Franklin County Ohio | 188 | $ 45,440,000 | $ 241,000 | $ 158,000 |
| Macomb County Michigan | 169 | $ 35,555,000 | $ 210,000 | $ 120,000 |
| Eaton County Michigan | 165 | $ 20,215,000 | $ 122,000 | $ 67,000 |
| Summit County Ohio | 152 | $ 33,140,000 | $ 218,000 | $ 150,000 |
| Newaygo County Michigan | 142 | $ 17,160,000 | $ 120,000 | $ 69,000 |
| Bay County Michigan | 141 | $ 13,535,000 | $ 95,000 | $ 85,000 |
| Saginaw County Michigan | 137 | $ 12,505,000 | $ 91,000 | $ 68,000 |
| Ottawa County Michigan | 128 | $ 25,200,000 | $ 196,000 | $ 150,000 |
| Montcalm County Michigan | 112 | $ 11,770,000 | $ 105,000 | $ 73,000 |
| Genesee County Michigan | 91 | $ 15,935,000 | $ 175,000 | $ 102,000 |
| Muskegon County Michigan | 90 | $ 11,620,000 | $ 129,000 | $ 91,000 |
| Kalamazoo County Michigan | 80 | $ 15,880,000 | $ 198,000 | $ 107,000 |
| Berrien County Michigan | 76 | $ 14,620,000 | $ 192,000 | $ 163,000 |
| Leelanau County Michigan | 75 | $ 21,645,000 | $ 288,000 | $ 166,000 |
| Delaware County Ohio | 53 | $ 20,175,000 | $ 380,000 | $ 233,000 |
| Tuscola County Michigan | 51 | $ 5,185,000 | $ 101,000 | $ 61,000 |
| Jackson County Michigan | 49 | $ 6,265,000 | $ 127,000 | $ 81,000 |
| Wexford County Michigan | 49 | $ 6,105,000 | $ 124,000 | $ 83,000 |
| Cuyahoga County Ohio | 49 | $ 11,525,000 | $ 235,000 | $ 142,000 |
| Antrim County Michigan | 47 | $ 9,655,000 | $ 205,000 | $ 158,000 |
| Huron County Michigan | 47 | $ 3,395,000 | $ 72,000 | $ 55,000 |
| Charlevoix County Michigan | 46 | $ 11,980,000 | $ 260,000 | $ 333,000 |
| Barry County Michigan | 44 | $ 8,830,000 | $ 200,000 | $ 125,000 |
| Mecosta County Michigan | 43 | $ 4,805,000 | $ 111,000 | $ 72,000 |
| Medina County Ohio | 40 | $ 14,600,000 | $ 365,000 | $ 226,000 |
| Allegan County Michigan | 37 | $ 7,355,000 | $ 198,000 | $ 109,000 |
| Benzie County Michigan | 37 | $ 7,205,000 | $ 194,000 | $ 168,000 |
| Clinton County Michigan | 37 | $ 5,545,000 | $ 149,000 | $ 158,000 |
| Lapeer County Michigan | 37 | $ 3,755,000 | $ 101,000 | $ 112,000 |
| Shiawassee County Michigan | 33 | $ 4,145,000 | $ 125,000 | $ 82,000 |
| Calhoun County Michigan | 27 | $ 3,705,000 | $ 137,000 | $ 84,000 |
| Van Buren County Michigan | 26 | $ 4,430,000 | $ 170,000 | $ 129,000 |
| Kalkaska County Michigan | 24 | $ 2,320,000 | $ 96,000 | $ 54,000 |
| Arenac County Michigan | 23 | $ 1,865,000 | $ 81,000 | $ 92,000 |
| Osceola County Michigan | 22 | $ 2,180,000 | $ 99,000 | $ 66,000 |
| Midland County Michigan | 21 | $ 3,365,000 | $ 160,000 | $ 123,000 |
| Gladwin County Michigan | 19 | $ 1,965,000 | $ 103,000 | $ 85,000 |
| Portage County Ohio | 19 | $ 4,335,000 | $ 228,000 | $ 180,000 |
| Missaukee County Michigan | 18 | $ 2,820,000 | $ 156,000 | $ 77,000 |
| Isabella County Michigan | 15 | $ 1,685,000 | $ 112,000 | $ 75,000 |
| Manistee County Michigan | 15 | $ 3,695,000 | $ 246,000 | $ 111,000 |
| Oceana County Michigan | 15 | $ 1,355,000 | $ 90,000 | $ 63,000 |
| Stark County Ohio | 15 | $ 6,125,000 | $ 408,000 | $ 256,000 |
| Union County Ohio | 15 | $ 5,745,000 | $ 383,000 | $ 206,000 |
| Sanilac County Michigan | 14 | $ 1,190,000 | $ 85,000 | $ 74,000 |
| Lake County Michigan | 13 | $ 1,785,000 | $ 137,000 | $ 97,000 |
| Licking County Ohio | 12 | $ 4,150,000 | $ 345,000 | $ 149,000 |
| Gratiot County Michigan | 11 | $ 1,105,000 | $ 100,000 | $ 58,000 |
| Iosco County Michigan | 11 | $ 1,305,000 | $ 118,000 | $ 103,000 |
| Chippewa County Michigan | 10 | $ 1,050,000 | $ 105,000 | $ 69,000 |
| Lenawee County Michigan | 10 | $ 1,380,000 | $ 138,000 | $ 80,000 |
| Fairfield County Ohio | 10 | $ 4,450,000 | $ 445,000 | $ 231,000 |
| Roscommon County Michigan | 9 | $ 885,000 | $ 98,000 | $ 69,000 |
| St. Clair County Michigan | 9 | $ 1,105,000 | $ 122,000 | $ 83,000 |
| Cass County Michigan | 8 | $ 1,270,000 | $ 158,000 | $ 76,000 |
| St. Joseph County Michigan | 8 | $ 1,200,000 | $ 150,000 | $ 99,000 |
| Lee County Florida | 7 | $ 1,885,000 | $ 269,000 | $ 232,000 |
| Monroe County Michigan | 7 | $ 1,025,000 | $ 146,000 | $ 81,000 |
| Clare County Michigan | 6 | $ 500,000 | $ 83,000 | $ 76,000 |
| Emmet County Michigan | 6 | $ 1,310,000 | $ 218,000 | $ 200,000 |
| Hillsdale County Michigan | 6 | $ 870,000 | $ 145,000 | $ 136,000 |
| Palm Beach County Florida | 5 | $ 3,005,000 | $ 601,000 | $ 232,000 |
| Otsego County Michigan | 5 | $ 675,000 | $ 135,000 | $ 171,000 |
| Lorain County Ohio | 5 | $ 1,545,000 | $ 309,000 | $ 203,000 |
| Perry County Ohio | 5 | $ 1,005,000 | $ 201,000 | $ 84,000 |
| Collier County Florida | 4 | $ 2,810,000 | $ 702,000 | $ 528,000 |
| Cook County Illinois | 4 | $ 1,190,000 | $ 297,000 | $ 90,000 |
| Alpena County Michigan | 4 | $ 340,000 | $ 85,000 | $ 85,000 |
| Mason County Michigan | 4 | $ 400,000 | $ 100,000 | $ 43,000 |
| Pickaway County Ohio | 4 | $ 590,000 | $ 147,000 | $ 77,000 |
| Wayne County Ohio | 4 | $ 1,070,000 | $ 267,000 | $ 201,000 |
| Pinellas County Florida | 3 | $ 715,000 | $ 238,000 | $ 126,000 |
| Elkhart County Indiana | 3 | $ 605,000 | $ 201,000 | $ 168,000 |
| St. Joseph County Indiana | 3 | $ 595,000 | $ 198,000 | $ 80,000 |
| Alcona County Michigan | 3 | $ 375,000 | $ 125,000 | $ 233,000 |
| Ogemaw County Michigan | 3 | $ 195,000 | $ 65,000 | $ 147,000 |
| Oscoda County Michigan | 3 | $ 165,000 | $ 55,000 | $ 55,000 |
| Presque Isle County Michigan | 3 | $ 405,000 | $ 135,000 | $ 182,000 |
| Hamilton County Ohio | 3 | $ 865,000 | $ 288,000 | $ 123,000 |
| Knox County Ohio | 3 | $ 535,000 | $ 178,000 | $ 60,000 |
| Broward County Florida | 2 | $ 210,000 | $ 105,000 | $ 148,000 |
| Miami-Dade County Florida | 2 | $ 1,350,000 | $ 675,000 | $ 715,000 |
| Sarasota County Florida | 2 | $ 770,000 | $ 385,000 | $ 173,000 |
| DuPage County Illinois | 2 | $ 1,220,000 | $ 610,000 | $ 256,000 |
| Hamilton County Indiana | 2 | $ 810,000 | $ 405,000 | $ 176,000 |
| Alger County Michigan | 2 | $ 180,000 | $ 90,000 | $ 60,000 |
| Cheboygan County Michigan | 2 | $ 200,000 | $ 100,000 | $ 41,000 |
| Mackinac County Michigan | 2 | $ 310,000 | $ 155,000 | $ 167,000 |
| Marquette County Michigan | 2 | $ 300,000 | $ 150,000 | $ 72,000 |
| Lake County Ohio | 2 | $ 390,000 | $ 195,000 | $ 79,000 |
| Lucas County Ohio | 2 | $ 160,000 | $ 80,000 | $ 50,000 |
| Mahoning County Ohio | 2 | $ 210,000 | $ 105,000 | $ 143,000 |
| Muskingum County Ohio | 2 | $ 1,170,000 | $ 585,000 | $ 720,000 |
| Richland County Ohio | 2 | $ 340,000 | $ 170,000 | $ 127,000 |
| Tuscarawas County Ohio | 2 | $ 600,000 | $ 300,000 | $ 198,000 |
| Warren County Ohio | 2 | $ 890,000 | $ 445,000 | $ 710,000 |
| Brevard County Florida | 1 | $ 325,000 | $ 325,000 | $ 162,000 |
| Charlotte County Florida | 1 | $ 85,000 | $ 85,000 | $ 77,000 |
| Glades County Florida | 1 | $ 35,000 | $ 35,000 | $ 44,000 |
| Jefferson County Florida | 1 | $ 145,000 | $ 145,000 | $ 87,000 |
| Lake County Florida | 1 | $ 155,000 | $ 155,000 | $ 184,000 |
| Manatee County Florida | 1 | $ 1,215,000 | $ 1,215,000 | $ 779,000 |
| Monroe County Florida | 1 | $ 735,000 | $ 735,000 | $ 326,000 |
| Orange County Florida | 1 | $ 605,000 | $ 605,000 | $ 392,000 |
| Polk County Florida | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Santa Rosa County Florida | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
| Seminole County Florida | 1 | $ 195,000 | $ 195,000 | $ 73,000 |
| Sumter County Florida | 1 | $ 135,000 | $ 135,000 | $ 134,000 |
| Lake County Illinois | 1 | $ 725,000 | $ 725,000 | $ 219,000 |
| Allen County Indiana | 1 | $ 115,000 | $ 115,000 | $ 185,000 |
| LaPorte County Indiana | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Marion County Indiana | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Porter County Indiana | 1 | $ 395,000 | $ 395,000 | $ 151,000 |
| Shelby County Indiana | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Branch County Michigan | 1 | $ 175,000 | $ 175,000 | $ 145,000 |
| Crawford County Michigan | 1 | $ 75,000 | $ 75,000 | $ 113,000 |
| Montmorency County Michigan | 1 | $ 225,000 | $ 225,000 | $ 175,000 |
| Onslow County North Carolina | 1 | $ 105,000 | $ 105,000 | $ 45,000 |
| Pender County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Union County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 189,000 |
| Wake County North Carolina | 1 | $ 285,000 | $ 285,000 | $ 160,000 |
| Allen County Ohio | 1 | $ 85,000 | $ 85,000 | $ 34,000 |
| Ashtabula County Ohio | 1 | $ 135,000 | $ 135,000 | $ 193,000 |
| Butler County Ohio | 1 | $ 175,000 | $ 175,000 | $ 887,000 |
| Clark County Ohio | 1 | $ 55,000 | $ 55,000 | $ 72,000 |
| Geauga County Ohio | 1 | $ 425,000 | $ 425,000 | $ 161,000 |
| Greene County Ohio | 1 | $ 125,000 | $ 125,000 | $ 44,000 |
| Hancock County Ohio | 1 | $ 255,000 | $ 255,000 | $ 113,000 |
| Madison County Ohio | 1 | $ 305,000 | $ 305,000 | $ 285,000 |
| Morrow County Ohio | 1 | $ 375,000 | $ 375,000 | $ 101,000 |
| Ross County Ohio | 1 | $ 295,000 | $ 295,000 | $ 137,000 |
| Shelby County Ohio | 1 | $ 265,000 | $ 265,000 | $ 115,000 |
| Trumbull County Ohio | 1 | $ 35,000 | $ 35,000 | $ 194,000 |
| Wyandot County Ohio | 1 | $ 315,000 | $ 315,000 | $ 122,000 |
Mortgage Loan Application Detail Totals for Independent Bank 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 | 4,042 | $879,880,000 | $217,000 | $2,495,000 | $130,000 | $2,068,000 |
| Other Purpose | 670 | $54,740,000 | $81,000 | $595,000 | $116,000 | $2,357,000 |
| Cash-out Refinancing | 446 | $74,210,000 | $166,000 | $1,205,000 | $88,000 | $603,000 |
| Home Improvement | 433 | $38,845,000 | $89,000 | $2,005,000 | $136,000 | $2,378,000 |
| Refinancing | 383 | $79,595,000 | $207,000 | $8,005,000 | $128,000 | $1,559,000 |
| Not Applicable | 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 | 5,154 | $961,970,000 | $186,000 | $2,005,000 | $124,000 | $2,378,000 |
| Not Provided | 359 | $63,455,000 | $176,000 | $1,855,000 | $155,000 | $1,250,000 |
| Black or African American | 156 | $24,420,000 | $156,000 | $695,000 | $93,000 | $490,000 |
| Hispanic | 134 | $22,330,000 | $166,000 | $1,655,000 | $97,000 | $733,000 |
| Asian | 108 | $29,850,000 | $276,000 | $1,515,000 | $178,000 | $603,000 |
| Not applicable | 35 | $19,555,000 | $558,000 | $8,005,000 | $232,000 | $302,000 |
| American Indian or Alaskan Native | 15 | $3,225,000 | $215,000 | $995,000 | $97,000 | $248,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,335,000 | $267,000 | $595,000 | $162,000 | $272,000 |
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) | 5,503 | $1,056,825,000 | $192,000 | $8,005,000 | $131,000 | $2,378,000 |
| FHA-insured (Federal Housing Administration) | 302 | $42,100,000 | $139,000 | $335,000 | $60,000 | $196,000 |
| VA-guaranteed (Veterans Administration) | 85 | $16,945,000 | $199,000 | $455,000 | $76,000 | $249,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 84 | $11,400,000 | $135,000 | $255,000 | $49,000 | $84,000 |
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 | 4,525 | $882,835,000 | $195,000 | $8,005,000 | $130,000 | $2,068,000 |
| Application Withdrawn By Applicant | 845 | $152,055,000 | $179,000 | $1,605,000 | $117,000 | $1,000,000 |
| Application Denied By Financial Institution | 490 | $69,530,000 | $141,000 | $1,855,000 | $101,000 | $2,378,000 |
| File Closed For Incompleteness | 53 | $10,905,000 | $205,000 | $1,305,000 | $93,000 | $266,000 |
| Application Approved But Not Accepted | 44 | $9,910,000 | $225,000 | $1,485,000 | $175,000 | $623,000 |
| Loan Purchased By The Institution | 17 | $2,035,000 | $119,000 | $325,000 | $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 | 5,484 | $1,057,740,000 | $192,000 | $8,005,000 | $128,000 | $2,068,000 |
| Debt-To-Income Ratio | 190 | $33,060,000 | $174,000 | $1,855,000 | $89,000 | $526,000 |
| Credit History | 144 | $15,880,000 | $110,000 | $1,475,000 | $80,000 | $401,000 |
| Collateral | 48 | $9,070,000 | $188,000 | $1,655,000 | $122,000 | $733,000 |
| Credit Application Incomplete | 47 | $4,355,000 | $92,000 | $325,000 | $217,000 | $2,378,000 |
| Other | 37 | $4,435,000 | $119,000 | $405,000 | $87,000 | $268,000 |
| Employment History | 9 | $905,000 | $100,000 | $225,000 | $41,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,130,000 | $141,000 | $275,000 | $132,000 | $242,000 |
| Unverifiable Information | 4 | $510,000 | $127,000 | $205,000 | $62,000 | $118,000 |
| Mortgage Insurance Denied | 3 | $185,000 | $61,000 | $135,000 | $44,000 | $52,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank'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 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.
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with aggregated HMDA statistics today.