Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2022
Independent Bank 2022 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 | 5,477 |
| Total Mortgage Loan Application Amount | $1,463,895,000 |
| Average Mortgage Loan Application Amount | $189,833 |
| Highest Mortgage Loan Application Amount | $22,005,000 |
| Average Applicant Income | $109,166 |
| Highest Applicant Income | $7,116,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2022 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 2022 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 2022.
| 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 | 813 | $ 207,085,000 | $ 254,000 | $ 140,000 |
| Oakland County Michigan | 475 | $ 208,405,000 | $ 438,000 | $ 234,000 |
| Wayne County Michigan | 421 | $ 116,195,000 | $ 275,000 | $ 151,000 |
| Livingston County Michigan | 274 | $ 88,420,000 | $ 322,000 | $ 160,000 |
| Grand Traverse County Michigan | 258 | $ 82,120,000 | $ 318,000 | $ 189,000 |
| Ionia County Michigan | 189 | $ 27,595,000 | $ 146,000 | $ 90,000 |
| Newaygo County Michigan | 185 | $ 28,555,000 | $ 154,000 | $ 83,000 |
| Washtenaw County Michigan | 157 | $ 52,795,000 | $ 336,000 | $ 169,000 |
| Saginaw County Michigan | 152 | $ 18,490,000 | $ 121,000 | $ 79,000 |
| Bay County Michigan | 151 | $ 17,655,000 | $ 116,000 | $ 86,000 |
| Ottawa County Michigan | 150 | $ 77,010,000 | $ 513,000 | $ 156,000 |
| Ingham County Michigan | 137 | $ 19,785,000 | $ 144,000 | $ 95,000 |
| Macomb County Michigan | 137 | $ 33,065,000 | $ 241,000 | $ 121,000 |
| Muskegon County Michigan | 120 | $ 22,650,000 | $ 188,000 | $ 121,000 |
| Montcalm County Michigan | 116 | $ 16,240,000 | $ 140,000 | $ 86,000 |
| Leelanau County Michigan | 93 | $ 45,005,000 | $ 483,000 | $ 288,000 |
| Eaton County Michigan | 90 | $ 12,090,000 | $ 134,000 | $ 96,000 |
| Summit County Ohio | 70 | $ 28,780,000 | $ 411,000 | $ 237,000 |
| Genesee County Michigan | 67 | $ 15,295,000 | $ 228,000 | $ 125,000 |
| Mecosta County Michigan | 65 | $ 9,715,000 | $ 149,000 | $ 80,000 |
| Huron County Michigan | 63 | $ 6,915,000 | $ 109,000 | $ 71,000 |
| Berrien County Michigan | 58 | $ 17,840,000 | $ 307,000 | $ 196,000 |
| Allegan County Michigan | 57 | $ 19,285,000 | $ 338,000 | $ 140,000 |
| Midland County Michigan | 53 | $ 10,645,000 | $ 200,000 | $ 127,000 |
| Tuscola County Michigan | 53 | $ 6,095,000 | $ 115,000 | $ 85,000 |
| Calhoun County Michigan | 51 | $ 7,875,000 | $ 154,000 | $ 89,000 |
| Jackson County Michigan | 51 | $ 8,105,000 | $ 158,000 | $ 92,000 |
| Kalamazoo County Michigan | 51 | $ 13,505,000 | $ 264,000 | $ 146,000 |
| Franklin County Ohio | 47 | $ 27,945,000 | $ 594,000 | $ 237,000 |
| Wexford County Michigan | 46 | $ 8,800,000 | $ 191,000 | $ 98,000 |
| Lapeer County Michigan | 45 | $ 9,075,000 | $ 201,000 | $ 110,000 |
| Clinton County Michigan | 38 | $ 8,060,000 | $ 212,000 | $ 94,000 |
| Antrim County Michigan | 37 | $ 10,345,000 | $ 279,000 | $ 217,000 |
| Barry County Michigan | 37 | $ 8,935,000 | $ 241,000 | $ 119,000 |
| Van Buren County Michigan | 33 | $ 6,965,000 | $ 211,000 | $ 107,000 |
| Benzie County Michigan | 32 | $ 6,190,000 | $ 193,000 | $ 98,000 |
| Isabella County Michigan | 29 | $ 3,815,000 | $ 131,000 | $ 62,000 |
| Oceana County Michigan | 23 | $ 6,215,000 | $ 270,000 | $ 132,000 |
| Delaware County Ohio | 23 | $ 14,555,000 | $ 632,000 | $ 217,000 |
| Shiawassee County Michigan | 22 | $ 4,040,000 | $ 183,000 | $ 92,000 |
| Charlevoix County Michigan | 21 | $ 5,995,000 | $ 285,000 | $ 197,000 |
| Kalkaska County Michigan | 21 | $ 3,945,000 | $ 187,000 | $ 115,000 |
| Sanilac County Michigan | 21 | $ 2,955,000 | $ 140,000 | $ 72,000 |
| Arenac County Michigan | 20 | $ 1,480,000 | $ 74,000 | $ 67,000 |
| Osceola County Michigan | 18 | $ 2,610,000 | $ 145,000 | $ 78,000 |
| Cuyahoga County Ohio | 18 | $ 4,620,000 | $ 256,000 | $ 138,000 |
| Clare County Michigan | 17 | $ 1,735,000 | $ 102,000 | $ 61,000 |
| Manistee County Michigan | 17 | $ 4,695,000 | $ 276,000 | $ 139,000 |
| Roscommon County Michigan | 17 | $ 2,445,000 | $ 143,000 | $ 110,000 |
| Lee County Florida | 15 | $ 4,755,000 | $ 317,000 | $ 168,000 |
| Gladwin County Michigan | 15 | $ 2,555,000 | $ 170,000 | $ 86,000 |
| Gratiot County Michigan | 14 | $ 1,810,000 | $ 129,000 | $ 128,000 |
| Missaukee County Michigan | 14 | $ 1,880,000 | $ 134,000 | $ 95,000 |
| Union County Ohio | 14 | $ 10,640,000 | $ 760,000 | $ 264,000 |
| Lake County Michigan | 13 | $ 3,015,000 | $ 231,000 | $ 130,000 |
| Monroe County Michigan | 12 | $ 2,330,000 | $ 194,000 | $ 110,000 |
| Pinellas County Florida | 11 | $ 3,245,000 | $ 295,000 | $ 222,000 |
| Medina County Ohio | 10 | $ 3,790,000 | $ 379,000 | $ 200,000 |
| Wayne County Ohio | 10 | $ 3,200,000 | $ 320,000 | $ 137,000 |
| St. Clair County Michigan | 9 | $ 1,375,000 | $ 152,000 | $ 113,000 |
| Emmet County Michigan | 8 | $ 4,740,000 | $ 592,000 | $ 1,282,000 |
| Iosco County Michigan | 8 | $ 1,350,000 | $ 168,000 | $ 69,000 |
| Mason County Michigan | 8 | $ 2,130,000 | $ 266,000 | $ 113,000 |
| Lucas County Ohio | 7 | $ 1,395,000 | $ 199,000 | $ 187,000 |
| Portage County Ohio | 7 | $ 1,645,000 | $ 235,000 | $ 121,000 |
| Collier County Florida | 6 | $ 5,850,000 | $ 975,000 | $ 1,096,000 |
| Ogemaw County Michigan | 6 | $ 860,000 | $ 143,000 | $ 71,000 |
| Otsego County Michigan | 6 | $ 900,000 | $ 150,000 | $ 84,000 |
| St. Joseph County Michigan | 6 | $ 780,000 | $ 130,000 | $ 83,000 |
| Alcona County Michigan | 5 | $ 835,000 | $ 167,000 | $ 108,000 |
| Chippewa County Michigan | 5 | $ 595,000 | $ 119,000 | $ 152,000 |
| Mackinac County Michigan | 5 | $ 1,205,000 | $ 241,000 | $ 130,000 |
| Fairfield County Ohio | 5 | $ 2,085,000 | $ 417,000 | $ 141,000 |
| Licking County Ohio | 5 | $ 1,985,000 | $ 397,000 | $ 170,000 |
| Stark County Ohio | 5 | $ 1,545,000 | $ 309,000 | $ 194,000 |
| Charlotte County Florida | 4 | $ 1,910,000 | $ 477,000 | $ 208,000 |
| Sarasota County Florida | 4 | $ 1,030,000 | $ 257,000 | $ 97,000 |
| Lenawee County Michigan | 4 | $ 1,200,000 | $ 300,000 | $ 129,000 |
| Montmorency County Michigan | 4 | $ 340,000 | $ 85,000 | $ 75,000 |
| Hamilton County Ohio | 4 | $ 3,570,000 | $ 892,000 | $ 475,000 |
| Pickaway County Ohio | 4 | $ 2,230,000 | $ 557,000 | $ 130,000 |
| Broward County Florida | 3 | $ 1,655,000 | $ 551,000 | $ 235,000 |
| Hillsborough County Florida | 3 | $ 735,000 | $ 245,000 | $ 284,000 |
| Cook County Illinois | 3 | $ 925,000 | $ 308,000 | $ 199,000 |
| Delta County Michigan | 3 | $ 355,000 | $ 118,000 | $ 87,000 |
| Presque Isle County Michigan | 3 | $ 255,000 | $ 85,000 | $ 89,000 |
| Schoolcraft County Michigan | 3 | $ 575,000 | $ 191,000 | $ 94,000 |
| Lorain County Ohio | 3 | $ 595,000 | $ 198,000 | $ 121,000 |
| Osceola County Florida | 2 | $ 1,130,000 | $ 565,000 | $ 320,000 |
| Lake County Illinois | 2 | $ 2,210,000 | $ 1,105,000 | $ 324,000 |
| LaPorte County Indiana | 2 | $ 720,000 | $ 360,000 | $ 187,000 |
| Alpena County Michigan | 2 | $ 210,000 | $ 105,000 | $ 63,000 |
| Branch County Michigan | 2 | $ 550,000 | $ 275,000 | $ 168,000 |
| Cass County Michigan | 2 | $ 400,000 | $ 200,000 | $ 83,000 |
| Crawford County Michigan | 2 | $ 590,000 | $ 295,000 | $ 89,000 |
| Luce County Michigan | 2 | $ 460,000 | $ 230,000 | $ 206,000 |
| Oscoda County Michigan | 2 | $ 670,000 | $ 335,000 | $ 176,000 |
| Bay County Florida | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Citrus County Florida | 1 | $ 205,000 | $ 205,000 | $ 46,000 |
| Duval County Florida | 1 | $ 415,000 | $ 415,000 | $ 110,000 |
| Flagler County Florida | 1 | $ 355,000 | $ 355,000 | $ 190,000 |
| Lake County Florida | 1 | $ 155,000 | $ 155,000 | $ 99,000 |
| Manatee County Florida | 1 | $ 665,000 | $ 665,000 | $ 540,000 |
| Monroe County Florida | 1 | $ 645,000 | $ 645,000 | $ 204,000 |
| Palm Beach County Florida | 1 | $ 115,000 | $ 115,000 | $ 4,000 |
| Polk County Florida | 1 | $ 265,000 | $ 265,000 | $ 68,000 |
| St. Lucie County Florida | 1 | $ 395,000 | $ 395,000 | $ 109,000 |
| Sumter County Florida | 1 | $ 205,000 | $ 205,000 | $ 219,000 |
| DuPage County Illinois | 1 | $ 255,000 | $ 255,000 | $ 144,000 |
| Clark County Indiana | 1 | $ 205,000 | $ 205,000 | $ 48,000 |
| Lake County Indiana | 1 | $ 275,000 | $ 275,000 | $ 181,000 |
| Porter County Indiana | 1 | $ 265,000 | $ 265,000 | $ 191,000 |
| St. Joseph County Indiana | 1 | $ 605,000 | $ 605,000 | $ 302,000 |
| Steuben County Indiana | 1 | $ 155,000 | $ 155,000 | $ 15,000 |
| Alger County Michigan | 1 | $ 145,000 | $ 145,000 | $ 72,000 |
| Cheboygan County Michigan | 1 | $ 135,000 | $ 135,000 | $ 235,000 |
| Hillsdale County Michigan | 1 | $ 195,000 | $ 195,000 | $ 51,000 |
| Marquette County Michigan | 1 | $ 235,000 | $ 235,000 | $ 222,000 |
| Hennepin County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Caswell County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 78,000 |
| Haywood County North Carolina | 1 | $ 305,000 | $ 305,000 | $ 372,000 |
| Brown County Ohio | 1 | $ 155,000 | $ 155,000 | $ 24,000 |
| Butler County Ohio | 1 | $ 105,000 | $ 105,000 | $ 187,000 |
| Champaign County Ohio | 1 | $ 185,000 | $ 185,000 | $ 64,000 |
| Erie County Ohio | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Geauga County Ohio | 1 | $ 115,000 | $ 115,000 | $ 92,000 |
| Jefferson County Ohio | 1 | $ 115,000 | $ 115,000 | $ 271,000 |
| Knox County Ohio | 1 | $ 195,000 | $ 195,000 | $ 52,000 |
| Lake County Ohio | 1 | $ 245,000 | $ 245,000 | $ 105,000 |
| Madison County Ohio | 1 | $ 685,000 | $ 685,000 | $ 237,000 |
| Morrow County Ohio | 1 | $ 515,000 | $ 515,000 | $ 208,000 |
| Perry County Ohio | 1 | $ 615,000 | $ 615,000 | $ 149,000 |
| Tuscarawas County Ohio | 1 | $ 705,000 | $ 705,000 | $ 450,000 |
| Warren County Ohio | 1 | $ 195,000 | $ 195,000 | $ 215,000 |
| Wood County Ohio | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2022
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 | 3,186 | $1,082,080,000 | $339,000 | $3,005,000 | $163,000 | $7,116,000 |
| Home Improvement | 745 | $74,885,000 | $100,000 | $5,005,000 | $126,000 | $1,096,000 |
| Cash-out Refinancing | 690 | $135,140,000 | $195,000 | $1,605,000 | $105,000 | $957,000 |
| Other Purpose | 435 | $52,565,000 | $120,000 | $2,005,000 | $124,000 | $1,702,000 |
| Refinancing | 418 | $118,920,000 | $284,000 | $22,005,000 | $137,000 | $1,740,000 |
| Not Applicable | 3 | $305,000 | $101,000 | $225,000 | $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 | 4,608 | $1,199,060,000 | $260,000 | $3,005,000 | $143,000 | $7,116,000 |
| Not Provided | 415 | $105,805,000 | $254,000 | $1,985,000 | $171,000 | $1,740,000 |
| Black or African American | 157 | $33,625,000 | $214,000 | $1,305,000 | $119,000 | $827,000 |
| Hispanic | 89 | $22,745,000 | $255,000 | $1,395,000 | $131,000 | $680,000 |
| Not applicable | 80 | $52,960,000 | $662,000 | $22,005,000 | $0 | $0 |
| Asian | 73 | $31,105,000 | $426,000 | $1,645,000 | $192,000 | $881,000 |
| American Indian or Alaskan Native | 22 | $3,870,000 | $175,000 | $535,000 | $89,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $285,000 | $285,000 | $285,000 | $77,000 | $77,000 |
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) | 5,235 | $1,418,995,000 | $271,000 | $22,005,000 | $149,000 | $7,116,000 |
| FHA-insured (Federal Housing Administration) | 182 | $32,750,000 | $179,000 | $475,000 | $66,000 | $174,000 |
| VA-guaranteed (Veterans Administration) | 39 | $8,825,000 | $226,000 | $465,000 | $86,000 | $214,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $3,325,000 | $158,000 | $295,000 | $57,000 | $99,000 |
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 | 3,748 | $1,066,700,000 | $284,000 | $22,005,000 | $154,000 | $7,116,000 |
| Application Withdrawn By Applicant | 856 | $229,980,000 | $268,000 | $2,735,000 | $146,000 | $3,076,000 |
| Application Denied By Financial Institution | 607 | $90,915,000 | $149,000 | $1,605,000 | $87,000 | $957,000 |
| File Closed For Incompleteness | 158 | $48,820,000 | $308,000 | $2,215,000 | $163,000 | $1,761,000 |
| Loan Purchased By The Institution | 56 | $11,560,000 | $206,000 | $505,000 | $0 | $0 |
| Application Approved But Not Accepted | 44 | $14,650,000 | $332,000 | $2,005,000 | $155,000 | $544,000 |
| Preapproval Denied by Financial Institution | 8 | $1,270,000 | $158,000 | $365,000 | $75,000 | $185,000 |
| Preapproval Approved but not Accepted | 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 | 4,862 | $1,371,710,000 | $282,000 | $22,005,000 | $153,000 | $7,116,000 |
| Debt-To-Income Ratio | 251 | $47,395,000 | $188,000 | $1,405,000 | $75,000 | $455,000 |
| Credit History | 244 | $26,580,000 | $108,000 | $1,135,000 | $89,000 | $957,000 |
| Collateral | 72 | $9,370,000 | $130,000 | $1,605,000 | $117,000 | $502,000 |
| Other | 18 | $1,940,000 | $107,000 | $305,000 | $96,000 | $316,000 |
| Employment History | 11 | $2,605,000 | $236,000 | $645,000 | $77,000 | $385,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,065,000 | $278,000 | $715,000 | $89,000 | $244,000 |
| Credit Application Incomplete | 5 | $915,000 | $183,000 | $365,000 | $101,000 | $185,000 |
| Mortgage Insurance Denied | 2 | $60,000 | $30,000 | $35,000 | $206,000 | $208,000 |
| Unverifiable Information | 1 | $255,000 | $255,000 | $255,000 | $40,000 | $40,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2022 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.