Independent Bank
Mortgage Loan Application
Totals and Details
for 2020
Find mortgage loan statistics, lending data, and loan application totals for Michigan.
The mortgage statistics and data below are specific to mortgage loan applications for Independent Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.
| Mortgage Company & Address | Independent Bank 4200 East Beltline Grand Rapids, MI 49525 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 10,505 |
| Total Mortgage Loan Application Amount | $2,343,965,000 |
| Average Mortgage Loan Application Amount | $167,166 |
| Highest Mortgage Loan Application Amount | $2,485,000 |
| Average Applicant Income | $108,333 |
| Highest Applicant Income | $2,247,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MI, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| 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 | 1,587 | $ 336,385,000 | $ 211,000 | $ 120,000 |
| Oakland County Michigan | 1,006 | $ 326,970,000 | $ 325,000 | $ 178,000 |
| Wayne County Michigan | 682 | $ 161,090,000 | $ 236,000 | $ 136,000 |
| Livingston County Michigan | 541 | $ 139,165,000 | $ 257,000 | $ 125,000 |
| Grand Traverse County Michigan | 485 | $ 102,835,000 | $ 212,000 | $ 116,000 |
| Washtenaw County Michigan | 379 | $ 108,955,000 | $ 287,000 | $ 156,000 |
| Ottawa County Michigan | 344 | $ 80,410,000 | $ 233,000 | $ 122,000 |
| Ingham County Michigan | 338 | $ 51,570,000 | $ 152,000 | $ 101,000 |
| Saginaw County Michigan | 302 | $ 41,500,000 | $ 137,000 | $ 85,000 |
| Macomb County Michigan | 276 | $ 64,700,000 | $ 234,000 | $ 113,000 |
| Ionia County Michigan | 261 | $ 38,085,000 | $ 145,000 | $ 76,000 |
| Bay County Michigan | 258 | $ 31,090,000 | $ 120,000 | $ 84,000 |
| Newaygo County Michigan | 245 | $ 35,835,000 | $ 146,000 | $ 89,000 |
| Eaton County Michigan | 241 | $ 35,535,000 | $ 147,000 | $ 86,000 |
| Muskegon County Michigan | 219 | $ 33,705,000 | $ 153,000 | $ 98,000 |
| Summit County Ohio | 203 | $ 58,055,000 | $ 285,000 | $ 171,000 |
| Montcalm County Michigan | 186 | $ 25,230,000 | $ 135,000 | $ 78,000 |
| Leelanau County Michigan | 154 | $ 37,840,000 | $ 245,000 | $ 147,000 |
| Franklin County Ohio | 144 | $ 47,220,000 | $ 327,000 | $ 182,000 |
| Berrien County Michigan | 137 | $ 42,985,000 | $ 313,000 | $ 243,000 |
| Genesee County Michigan | 129 | $ 22,585,000 | $ 175,000 | $ 112,000 |
| Mecosta County Michigan | 112 | $ 17,020,000 | $ 151,000 | $ 103,000 |
| Jackson County Michigan | 98 | $ 15,570,000 | $ 158,000 | $ 88,000 |
| Kalamazoo County Michigan | 97 | $ 23,565,000 | $ 242,000 | $ 117,000 |
| Delaware County Ohio | 90 | $ 46,020,000 | $ 511,000 | $ 254,000 |
| Barry County Michigan | 87 | $ 20,685,000 | $ 237,000 | $ 134,000 |
| Huron County Michigan | 83 | $ 7,975,000 | $ 96,000 | $ 82,000 |
| Clinton County Michigan | 82 | $ 13,940,000 | $ 170,000 | $ 107,000 |
| Midland County Michigan | 79 | $ 12,715,000 | $ 160,000 | $ 98,000 |
| Wexford County Michigan | 74 | $ 11,740,000 | $ 158,000 | $ 106,000 |
| Tuscola County Michigan | 72 | $ 8,090,000 | $ 112,000 | $ 70,000 |
| Allegan County Michigan | 71 | $ 16,725,000 | $ 235,000 | $ 105,000 |
| Antrim County Michigan | 70 | $ 16,830,000 | $ 240,000 | $ 140,000 |
| Cuyahoga County Ohio | 61 | $ 18,465,000 | $ 302,000 | $ 151,000 |
| Shiawassee County Michigan | 57 | $ 8,065,000 | $ 141,000 | $ 78,000 |
| Charlevoix County Michigan | 55 | $ 18,275,000 | $ 332,000 | $ 328,000 |
| Medina County Ohio | 53 | $ 24,015,000 | $ 453,000 | $ 288,000 |
| Benzie County Michigan | 52 | $ 9,930,000 | $ 190,000 | $ 114,000 |
| Calhoun County Michigan | 51 | $ 7,335,000 | $ 143,000 | $ 80,000 |
| Kalkaska County Michigan | 50 | $ 8,570,000 | $ 171,000 | $ 114,000 |
| Lapeer County Michigan | 48 | $ 7,120,000 | $ 148,000 | $ 79,000 |
| Isabella County Michigan | 40 | $ 5,120,000 | $ 128,000 | $ 75,000 |
| Van Buren County Michigan | 39 | $ 7,995,000 | $ 205,000 | $ 119,000 |
| Missaukee County Michigan | 38 | $ 5,370,000 | $ 141,000 | $ 65,000 |
| Oceana County Michigan | 38 | $ 4,950,000 | $ 130,000 | $ 84,000 |
| Union County Ohio | 38 | $ 16,510,000 | $ 434,000 | $ 228,000 |
| Osceola County Michigan | 36 | $ 4,770,000 | $ 132,000 | $ 82,000 |
| Sanilac County Michigan | 34 | $ 4,260,000 | $ 125,000 | $ 94,000 |
| Gladwin County Michigan | 31 | $ 3,875,000 | $ 125,000 | $ 98,000 |
| Monroe County Michigan | 26 | $ 4,960,000 | $ 190,000 | $ 88,000 |
| Arenac County Michigan | 24 | $ 2,870,000 | $ 119,000 | $ 95,000 |
| Clare County Michigan | 24 | $ 2,500,000 | $ 104,000 | $ 79,000 |
| Stark County Ohio | 24 | $ 7,980,000 | $ 332,000 | $ 202,000 |
| Manistee County Michigan | 23 | $ 4,345,000 | $ 188,000 | $ 162,000 |
| Lake County Michigan | 22 | $ 3,480,000 | $ 158,000 | $ 129,000 |
| Portage County Ohio | 22 | $ 5,630,000 | $ 255,000 | $ 120,000 |
| Cook County Illinois | 20 | $ 6,600,000 | $ 330,000 | $ 204,000 |
| Gratiot County Michigan | 20 | $ 2,390,000 | $ 119,000 | $ 65,000 |
| Roscommon County Michigan | 20 | $ 2,950,000 | $ 147,000 | $ 165,000 |
| Lee County Florida | 17 | $ 5,965,000 | $ 350,000 | $ 208,000 |
| Mason County Michigan | 17 | $ 2,765,000 | $ 162,000 | $ 170,000 |
| Lenawee County Michigan | 16 | $ 2,880,000 | $ 180,000 | $ 141,000 |
| Licking County Ohio | 16 | $ 6,420,000 | $ 401,000 | $ 189,000 |
| Emmet County Michigan | 15 | $ 3,665,000 | $ 244,000 | $ 190,000 |
| Otsego County Michigan | 15 | $ 1,855,000 | $ 123,000 | $ 96,000 |
| St. Clair County Michigan | 15 | $ 3,255,000 | $ 217,000 | $ 115,000 |
| Fairfield County Ohio | 14 | $ 3,670,000 | $ 262,000 | $ 155,000 |
| Lucas County Ohio | 14 | $ 2,060,000 | $ 147,000 | $ 76,000 |
| Cheboygan County Michigan | 13 | $ 3,725,000 | $ 286,000 | $ 193,000 |
| Iosco County Michigan | 13 | $ 1,705,000 | $ 131,000 | $ 122,000 |
| Wayne County Ohio | 12 | $ 3,440,000 | $ 286,000 | $ 126,000 |
| Alcona County Michigan | 11 | $ 2,595,000 | $ 235,000 | $ 155,000 |
| Collier County Florida | 10 | $ 7,860,000 | $ 786,000 | $ 530,000 |
| Cass County Michigan | 10 | $ 1,920,000 | $ 192,000 | $ 63,000 |
| Montmorency County Michigan | 10 | $ 1,090,000 | $ 109,000 | $ 101,000 |
| Ogemaw County Michigan | 9 | $ 1,635,000 | $ 181,000 | $ 136,000 |
| Hamilton County Ohio | 9 | $ 1,925,000 | $ 213,000 | $ 223,000 |
| Lorain County Ohio | 8 | $ 2,100,000 | $ 262,000 | $ 184,000 |
| Alpena County Michigan | 7 | $ 925,000 | $ 132,000 | $ 60,000 |
| Charlotte County Florida | 6 | $ 1,440,000 | $ 240,000 | $ 220,000 |
| Hillsdale County Michigan | 6 | $ 1,030,000 | $ 171,000 | $ 98,000 |
| Mackinac County Michigan | 6 | $ 1,040,000 | $ 173,000 | $ 191,000 |
| Geauga County Ohio | 6 | $ 3,520,000 | $ 586,000 | $ 236,000 |
| Sarasota County Florida | 5 | $ 1,805,000 | $ 361,000 | $ 127,000 |
| DuPage County Illinois | 5 | $ 1,985,000 | $ 397,000 | $ 228,000 |
| St. Joseph County Michigan | 5 | $ 925,000 | $ 185,000 | $ 112,000 |
| Madison County Ohio | 5 | $ 1,605,000 | $ 321,000 | $ 92,000 |
| Miami-Dade County Florida | 4 | $ 3,150,000 | $ 787,000 | $ 443,000 |
| Pinellas County Florida | 4 | $ 1,150,000 | $ 287,000 | $ 242,000 |
| St. Lucie County Florida | 4 | $ 1,070,000 | $ 267,000 | $ 966,000 |
| Will County Illinois | 4 | $ 1,910,000 | $ 477,000 | $ 391,000 |
| Marion County Indiana | 4 | $ 570,000 | $ 142,000 | $ 73,000 |
| St. Joseph County Indiana | 4 | $ 1,090,000 | $ 272,000 | $ 119,000 |
| Pickaway County Ohio | 4 | $ 1,210,000 | $ 302,000 | $ 178,000 |
| Lake County Illinois | 3 | $ 1,555,000 | $ 518,000 | $ 179,000 |
| Wake County North Carolina | 3 | $ 835,000 | $ 278,000 | $ 147,000 |
| Greene County Ohio | 3 | $ 1,385,000 | $ 461,000 | $ 249,000 |
| Hancock County Ohio | 3 | $ 535,000 | $ 178,000 | $ 75,000 |
| Knox County Ohio | 3 | $ 485,000 | $ 161,000 | $ 110,000 |
| Lake County Ohio | 3 | $ 765,000 | $ 255,000 | $ 239,000 |
| Tuscarawas County Ohio | 3 | $ 685,000 | $ 228,000 | $ 107,000 |
| Wyandot County Ohio | 3 | $ 585,000 | $ 195,000 | $ 115,000 |
| Broward County Florida | 2 | $ 910,000 | $ 455,000 | $ 381,000 |
| Hillsborough County Florida | 2 | $ 960,000 | $ 480,000 | $ 204,000 |
| Indian River County Florida | 2 | $ 610,000 | $ 305,000 | $ 251,000 |
| Manatee County Florida | 2 | $ 770,000 | $ 385,000 | $ 416,000 |
| Pasco County Florida | 2 | $ 310,000 | $ 155,000 | $ 71,000 |
| Sumter County Florida | 2 | $ 300,000 | $ 150,000 | $ 107,000 |
| Allen County Indiana | 2 | $ 390,000 | $ 195,000 | $ 139,000 |
| Elkhart County Indiana | 2 | $ 530,000 | $ 265,000 | $ 174,000 |
| Howard County Indiana | 2 | $ 250,000 | $ 125,000 | $ 48,000 |
| Branch County Michigan | 2 | $ 330,000 | $ 165,000 | $ 97,000 |
| Crawford County Michigan | 2 | $ 760,000 | $ 380,000 | $ 295,000 |
| Schoolcraft County Michigan | 2 | $ 280,000 | $ 140,000 | $ 158,000 |
| Union County North Carolina | 2 | $ 580,000 | $ 290,000 | $ 189,000 |
| Erie County Ohio | 2 | $ 320,000 | $ 160,000 | $ 118,000 |
| Holmes County Ohio | 2 | $ 710,000 | $ 355,000 | $ 164,000 |
| Marion County Ohio | 2 | $ 470,000 | $ 235,000 | $ 99,000 |
| Ottawa County Ohio | 2 | $ 930,000 | $ 465,000 | $ 150,000 |
| Perry County Ohio | 2 | $ 820,000 | $ 410,000 | $ 381,000 |
| Warren County Ohio | 2 | $ 880,000 | $ 440,000 | $ 710,000 |
| Wood County Ohio | 2 | $ 260,000 | $ 130,000 | $ 43,000 |
| Bay County Florida | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
| Citrus County Florida | 1 | $ 275,000 | $ 275,000 | $ 170,000 |
| Escambia County Florida | 1 | $ 455,000 | $ 455,000 | $ 295,000 |
| Lake County Florida | 1 | $ 385,000 | $ 385,000 | $ 560,000 |
| Leon County Florida | 1 | $ 75,000 | $ 75,000 | $ 538,000 |
| Monroe County Florida | 1 | $ 515,000 | $ 515,000 | $ 33,000 |
| Okeechobee County Florida | 1 | $ 125,000 | $ 125,000 | $ 42,000 |
| Osceola County Florida | 1 | $ 225,000 | $ 225,000 | $ 460,000 |
| Palm Beach County Florida | 1 | $ 395,000 | $ 395,000 | $ 245,000 |
| Polk County Florida | 1 | $ 135,000 | $ 135,000 | $ 84,000 |
| Kankakee County Illinois | 1 | $ 65,000 | $ 65,000 | $ 49,000 |
| Tazewell County Illinois | 1 | $ 95,000 | $ 95,000 | $ 59,000 |
| Hendricks County Indiana | 1 | $ 255,000 | $ 255,000 | $ 120,000 |
| Kosciusko County Indiana | 1 | $ 205,000 | $ 205,000 | $ 149,000 |
| Lake County Indiana | 1 | $ 495,000 | $ 495,000 | $ 486,000 |
| LaPorte County Indiana | 1 | $ 345,000 | $ 345,000 | $ 172,000 |
| Porter County Indiana | 1 | $ 395,000 | $ 395,000 | $ 154,000 |
| Steuben County Indiana | 1 | $ 185,000 | $ 185,000 | $ 149,000 |
| Jefferson County Kentucky | 1 | $ 235,000 | $ 235,000 | $ 140,000 |
| Alger County Michigan | 1 | $ 85,000 | $ 85,000 | $ 102,000 |
| Gogebic County Michigan | 1 | $ 75,000 | $ 75,000 | $ 161,000 |
| Houghton County Michigan | 1 | $ 235,000 | $ 235,000 | $ 90,000 |
| Oscoda County Michigan | 1 | $ 65,000 | $ 65,000 | $ 143,000 |
| Presque Isle County Michigan | 1 | $ 65,000 | $ 65,000 | $ 55,000 |
| Carteret County North Carolina | 1 | $ 475,000 | $ 475,000 | $ 192,000 |
| Dare County North Carolina | 1 | $ 305,000 | $ 305,000 | $ 119,000 |
| Davidson County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 69,000 |
| Franklin County North Carolina | 1 | $ 115,000 | $ 115,000 | $ 68,000 |
| Guilford County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 53,000 |
| Butler County Ohio | 1 | $ 385,000 | $ 385,000 | $ 165,000 |
| Clermont County Ohio | 1 | $ 195,000 | $ 195,000 | $ 62,000 |
| Fayette County Ohio | 1 | $ 305,000 | $ 305,000 | $ 109,000 |
| Guernsey County Ohio | 1 | $ 305,000 | $ 305,000 | $ 98,000 |
| Huron County Ohio | 1 | $ 225,000 | $ 225,000 | $ 110,000 |
| Mahoning County Ohio | 1 | $ 425,000 | $ 425,000 | $ 250,000 |
| Miami County Ohio | 1 | $ 185,000 | $ 185,000 | $ 152,000 |
| Montgomery County Ohio | 1 | $ 75,000 | $ 75,000 | $ 39,000 |
| Muskingum County Ohio | 1 | $ 595,000 | $ 595,000 | $ 180,000 |
| Richland County Ohio | 1 | $ 165,000 | $ 165,000 | $ 70,000 |
| Shelby County Ohio | 1 | $ 255,000 | $ 255,000 | $ 117,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Michigan,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Independent Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 4,065 | $932,445,000 | $229,000 | $1,895,000 | $132,000 | $1,913,000 |
| Home Purchase | 3,953 | $999,705,000 | $252,000 | $2,485,000 | $130,000 | $2,247,000 |
| Cash-out Refinancing | 1,591 | $323,705,000 | $203,000 | $1,755,000 | $115,000 | $1,806,000 |
| Other Purpose | 485 | $44,065,000 | $90,000 | $1,755,000 | $147,000 | $1,913,000 |
| Home Improvement | 402 | $42,930,000 | $106,000 | $1,575,000 | $126,000 | $954,000 |
| Not Applicable | 9 | $1,115,000 | $123,000 | $345,000 | $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 | 9,282 | $2,045,050,000 | $220,000 | $2,485,000 | $126,000 | $2,247,000 |
| Not Provided | 617 | $157,595,000 | $255,000 | $2,005,000 | $169,000 | $1,631,000 |
| Black or African American | 199 | $40,195,000 | $201,000 | $935,000 | $109,000 | $972,000 |
| Hispanic | 158 | $32,390,000 | $205,000 | $1,205,000 | $112,000 | $707,000 |
| Asian | 135 | $40,275,000 | $298,000 | $1,395,000 | $170,000 | $749,000 |
| Not applicable | 65 | $15,435,000 | $237,000 | $665,000 | $0 | $0 |
| American Indian or Alaskan Native | 24 | $3,280,000 | $136,000 | $455,000 | $70,000 | $192,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $185,000 | $185,000 | $185,000 | $152,000 | $152,000 |
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) | 9,995 | $2,258,285,000 | $225,000 | $2,485,000 | $132,000 | $2,247,000 |
| FHA-insured (Federal Housing Administration) | 329 | $51,345,000 | $156,000 | $415,000 | $60,000 | $206,000 |
| VA-guaranteed (Veterans Administration) | 97 | $21,225,000 | $218,000 | $505,000 | $83,000 | $377,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 84 | $13,110,000 | $156,000 | $325,000 | $54,000 | $107,000 |
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 | 8,185 | $1,860,965,000 | $227,000 | $2,485,000 | $130,000 | $2,247,000 |
| Application Withdrawn By Applicant | 1,369 | $302,495,000 | $220,000 | $1,705,000 | $135,000 | $1,913,000 |
| Application Denied By Financial Institution | 653 | $109,275,000 | $167,000 | $1,755,000 | $93,000 | $1,108,000 |
| File Closed For Incompleteness | 181 | $45,095,000 | $249,000 | $1,645,000 | $130,000 | $904,000 |
| Application Approved But Not Accepted | 63 | $13,565,000 | $215,000 | $1,055,000 | $169,000 | $1,227,000 |
| Loan Purchased By The Institution | 54 | $12,570,000 | $232,000 | $515,000 | $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 | 9,852 | $2,234,690,000 | $226,000 | $2,485,000 | $131,000 | $2,247,000 |
| Debt-To-Income Ratio | 274 | $58,020,000 | $211,000 | $1,755,000 | $66,000 | $687,000 |
| Credit History | 174 | $21,470,000 | $123,000 | $855,000 | $106,000 | $998,000 |
| Collateral | 97 | $11,645,000 | $120,000 | $705,000 | $132,000 | $1,108,000 |
| Other | 67 | $10,875,000 | $162,000 | $1,395,000 | $96,000 | $972,000 |
| Credit Application Incomplete | 20 | $2,170,000 | $108,000 | $405,000 | $121,000 | $509,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $2,115,000 | $235,000 | $515,000 | $100,000 | $214,000 |
| Employment History | 8 | $1,310,000 | $163,000 | $515,000 | $89,000 | $150,000 |
| Mortgage Insurance Denied | 3 | $1,535,000 | $511,000 | $815,000 | $171,000 | $171,000 |
| Unverifiable Information | 1 | $135,000 | $135,000 | $135,000 | $94,000 | $94,000 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MI, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Michigan, and search similar information at your convenience.