Independent Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Independent Bank 2023 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 | 3,695 |
| Total Mortgage Loan Application Amount | $899,215,000 |
| Average Mortgage Loan Application Amount | $188,800 |
| Highest Mortgage Loan Application Amount | $17,705,000 |
| Average Applicant Income | $136,400 |
| Highest Applicant Income | $8,031,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 585 | $ 140,075,000 | $ 239,000 | $ 166,000 |
| Wayne County Michigan | 322 | $ 80,810,000 | $ 250,000 | $ 145,000 |
| Oakland County Michigan | 301 | $ 121,865,000 | $ 404,000 | $ 256,000 |
| Saginaw County Michigan | 145 | $ 20,635,000 | $ 142,000 | $ 88,000 |
| Ottawa County Michigan | 144 | $ 39,160,000 | $ 271,000 | $ 163,000 |
| Grand Traverse County Michigan | 133 | $ 55,095,000 | $ 414,000 | $ 218,000 |
| Livingston County Michigan | 128 | $ 41,050,000 | $ 320,000 | $ 153,000 |
| Ionia County Michigan | 124 | $ 15,990,000 | $ 128,000 | $ 91,000 |
| Newaygo County Michigan | 117 | $ 17,875,000 | $ 152,000 | $ 94,000 |
| Bay County Michigan | 108 | $ 11,900,000 | $ 110,000 | $ 77,000 |
| Montcalm County Michigan | 106 | $ 11,810,000 | $ 111,000 | $ 75,000 |
| Macomb County Michigan | 105 | $ 37,985,000 | $ 361,000 | $ 130,000 |
| Ingham County Michigan | 104 | $ 14,350,000 | $ 137,000 | $ 100,000 |
| Washtenaw County Michigan | 89 | $ 32,935,000 | $ 370,000 | $ 208,000 |
| Muskegon County Michigan | 80 | $ 17,020,000 | $ 212,000 | $ 129,000 |
| Eaton County Michigan | 76 | $ 9,310,000 | $ 122,000 | $ 89,000 |
| Leelanau County Michigan | 63 | $ 23,435,000 | $ 371,000 | $ 196,000 |
| Genesee County Michigan | 60 | $ 13,440,000 | $ 224,000 | $ 133,000 |
| Summit County Ohio | 49 | $ 14,595,000 | $ 297,000 | $ 202,000 |
| Kalamazoo County Michigan | 42 | $ 9,900,000 | $ 235,000 | $ 134,000 |
| Huron County Michigan | 40 | $ 3,970,000 | $ 99,000 | $ 86,000 |
| Jackson County Michigan | 39 | $ 6,795,000 | $ 174,000 | $ 98,000 |
| Allegan County Michigan | 38 | $ 10,070,000 | $ 265,000 | $ 138,000 |
| Mecosta County Michigan | 38 | $ 5,480,000 | $ 144,000 | $ 101,000 |
| Tuscola County Michigan | 34 | $ 3,280,000 | $ 96,000 | $ 77,000 |
| Berrien County Michigan | 32 | $ 8,190,000 | $ 255,000 | $ 171,000 |
| Barry County Michigan | 31 | $ 9,595,000 | $ 309,000 | $ 180,000 |
| Calhoun County Michigan | 30 | $ 3,920,000 | $ 130,000 | $ 90,000 |
| Clinton County Michigan | 28 | $ 4,300,000 | $ 153,000 | $ 121,000 |
| Antrim County Michigan | 27 | $ 14,635,000 | $ 542,000 | $ 392,000 |
| Lapeer County Michigan | 25 | $ 3,905,000 | $ 156,000 | $ 111,000 |
| Wexford County Michigan | 25 | $ 3,735,000 | $ 149,000 | $ 118,000 |
| Midland County Michigan | 24 | $ 4,580,000 | $ 190,000 | $ 105,000 |
| Shiawassee County Michigan | 18 | $ 2,470,000 | $ 137,000 | $ 75,000 |
| Arenac County Michigan | 17 | $ 1,525,000 | $ 89,000 | $ 87,000 |
| Missaukee County Michigan | 14 | $ 2,330,000 | $ 166,000 | $ 82,000 |
| Charlevoix County Michigan | 13 | $ 3,995,000 | $ 307,000 | $ 357,000 |
| Clare County Michigan | 13 | $ 1,375,000 | $ 105,000 | $ 96,000 |
| Oceana County Michigan | 13 | $ 2,535,000 | $ 195,000 | $ 127,000 |
| Osceola County Michigan | 13 | $ 1,045,000 | $ 80,000 | $ 97,000 |
| Sanilac County Michigan | 13 | $ 1,485,000 | $ 114,000 | $ 78,000 |
| Van Buren County Michigan | 13 | $ 4,195,000 | $ 322,000 | $ 139,000 |
| Gladwin County Michigan | 12 | $ 1,690,000 | $ 140,000 | $ 162,000 |
| Gratiot County Michigan | 12 | $ 1,560,000 | $ 130,000 | $ 135,000 |
| Kalkaska County Michigan | 11 | $ 1,585,000 | $ 144,000 | $ 157,000 |
| Lake County Michigan | 11 | $ 1,965,000 | $ 178,000 | $ 122,000 |
| Roscommon County Michigan | 11 | $ 2,315,000 | $ 210,000 | $ 189,000 |
| Emmet County Michigan | 10 | $ 3,030,000 | $ 303,000 | $ 168,000 |
| Isabella County Michigan | 10 | $ 1,590,000 | $ 159,000 | $ 59,000 |
| Benzie County Michigan | 7 | $ 975,000 | $ 139,000 | $ 118,000 |
| Mason County Michigan | 7 | $ 2,935,000 | $ 419,000 | $ 252,000 |
| Otsego County Michigan | 7 | $ 1,515,000 | $ 216,000 | $ 224,000 |
| St. Joseph County Michigan | 7 | $ 1,345,000 | $ 192,000 | $ 142,000 |
| Cuyahoga County Ohio | 7 | $ 1,605,000 | $ 229,000 | $ 116,000 |
| Charlotte County Florida | 6 | $ 1,870,000 | $ 311,000 | $ 217,000 |
| Manatee County Florida | 6 | $ 6,550,000 | $ 1,091,000 | $ 441,000 |
| Sarasota County Florida | 6 | $ 2,460,000 | $ 410,000 | $ 373,000 |
| Ogemaw County Michigan | 6 | $ 510,000 | $ 85,000 | $ 85,000 |
| St. Clair County Michigan | 6 | $ 1,210,000 | $ 201,000 | $ 120,000 |
| Lee County Florida | 5 | $ 2,095,000 | $ 419,000 | $ 553,000 |
| Manistee County Michigan | 5 | $ 915,000 | $ 183,000 | $ 96,000 |
| Monroe County Michigan | 5 | $ 815,000 | $ 163,000 | $ 70,000 |
| Presque Isle County Michigan | 5 | $ 575,000 | $ 115,000 | $ 75,000 |
| Delaware County Ohio | 5 | $ 665,000 | $ 133,000 | $ 229,000 |
| Lake County Ohio | 5 | $ 1,275,000 | $ 255,000 | $ 223,000 |
| Stark County Ohio | 5 | $ 525,000 | $ 105,000 | $ 103,000 |
| Cass County Michigan | 4 | $ 820,000 | $ 205,000 | $ 82,000 |
| Portage County Ohio | 4 | $ 890,000 | $ 222,000 | $ 254,000 |
| Pinellas County Florida | 3 | $ 1,435,000 | $ 478,000 | $ 184,000 |
| Cook County Illinois | 3 | $ 1,005,000 | $ 335,000 | $ 512,000 |
| LaPorte County Indiana | 3 | $ 385,000 | $ 128,000 | $ 71,000 |
| Crawford County Michigan | 3 | $ 575,000 | $ 191,000 | $ 182,000 |
| Hillsdale County Michigan | 3 | $ 495,000 | $ 165,000 | $ 83,000 |
| Iosco County Michigan | 3 | $ 215,000 | $ 71,000 | $ 103,000 |
| Hamilton County Ohio | 3 | $ 815,000 | $ 271,000 | $ 240,000 |
| Medina County Ohio | 3 | $ 655,000 | $ 218,000 | $ 165,000 |
| Collier County Florida | 2 | $ 590,000 | $ 295,000 | $ 616,000 |
| DeSoto County Florida | 2 | $ 570,000 | $ 285,000 | $ 81,000 |
| Flagler County Florida | 2 | $ 630,000 | $ 315,000 | $ 116,000 |
| Miami-Dade County Florida | 2 | $ 2,730,000 | $ 1,365,000 | $ 609,000 |
| Allen County Indiana | 2 | $ 370,000 | $ 185,000 | $ 60,000 |
| Alcona County Michigan | 2 | $ 250,000 | $ 125,000 | $ 156,000 |
| Cheboygan County Michigan | 2 | $ 900,000 | $ 450,000 | $ 100,000 |
| Chippewa County Michigan | 2 | $ 380,000 | $ 190,000 | $ 263,000 |
| Delta County Michigan | 2 | $ 290,000 | $ 145,000 | $ 58,000 |
| Marquette County Michigan | 2 | $ 400,000 | $ 200,000 | $ 130,000 |
| Montmorency County Michigan | 2 | $ 460,000 | $ 230,000 | $ 151,000 |
| Franklin County Ohio | 2 | $ 420,000 | $ 210,000 | $ 356,000 |
| Union County Ohio | 2 | $ 450,000 | $ 225,000 | $ 55,000 |
| Brevard County Florida | 1 | $ 195,000 | $ 195,000 | $ 159,000 |
| Broward County Florida | 1 | $ 725,000 | $ 725,000 | $ 685,000 |
| Escambia County Florida | 1 | $ 215,000 | $ 215,000 | $ 108,000 |
| Hillsborough County Florida | 1 | $ 255,000 | $ 255,000 | $ 74,000 |
| Okaloosa County Florida | 1 | $ 325,000 | $ 325,000 | $ 431,000 |
| Orange County Florida | 1 | $ 375,000 | $ 375,000 | $ 215,000 |
| Palm Beach County Florida | 1 | $ 145,000 | $ 145,000 | $ 77,000 |
| Polk County Florida | 1 | $ 105,000 | $ 105,000 | $ 117,000 |
| Walton County Florida | 1 | $ 345,000 | $ 345,000 | $ 316,000 |
| Spalding County Georgia | 1 | $ 45,000 | $ 45,000 | $ 60,000 |
| DuPage County Illinois | 1 | $ 455,000 | $ 455,000 | $ 238,000 |
| Boone County Indiana | 1 | $ 145,000 | $ 145,000 | $ 81,000 |
| Brown County Indiana | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Jay County Indiana | 1 | $ 65,000 | $ 65,000 | $ 37,000 |
| Marion County Indiana | 1 | $ 205,000 | $ 205,000 | $ 257,000 |
| Caddo County Louisiana | 1 | $ 5,000 | $ 5,000 | $ 24,000 |
| Alger County Michigan | 1 | $ 75,000 | $ 75,000 | $ 16,000 |
| Alpena County Michigan | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Branch County Michigan | 1 | $ 105,000 | $ 105,000 | $ 190,000 |
| Lenawee County Michigan | 1 | $ 245,000 | $ 245,000 | $ 173,000 |
| Luce County Michigan | 1 | $ 505,000 | $ 505,000 | $ 121,000 |
| Oscoda County Michigan | 1 | $ 145,000 | $ 145,000 | $ 151,000 |
| Beaufort County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 79,000 |
| New Hanover County North Carolina | 1 | $ 495,000 | $ 495,000 | $ 240,000 |
| Onslow County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 1,461,000 |
| Clark County Ohio | 1 | $ 65,000 | $ 65,000 | $ 217,000 |
| Erie County Ohio | 1 | $ 255,000 | $ 255,000 | $ 95,000 |
| Jefferson County Ohio | 1 | $ 75,000 | $ 75,000 | $ 200,000 |
| Lucas County Ohio | 1 | $ 145,000 | $ 145,000 | $ 78,000 |
| Montgomery County Ohio | 1 | $ 25,000 | $ 25,000 | $ 105,000 |
| Morrow County Ohio | 1 | $ 25,000 | $ 25,000 | $ 84,000 |
| Williams County Ohio | 1 | $ 175,000 | $ 175,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Independent Bank in 2023
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 | 2,171 | $697,335,000 | $321,000 | $14,775,000 | $170,000 | $8,031,000 |
| Home Improvement | 607 | $55,935,000 | $92,000 | $1,715,000 | $130,000 | $1,426,000 |
| Other Purpose | 470 | $46,150,000 | $98,000 | $2,005,000 | $122,000 | $1,743,000 |
| Cash-out Refinancing | 253 | $66,905,000 | $264,000 | $17,705,000 | $120,000 | $1,375,000 |
| Refinancing | 194 | $32,890,000 | $169,000 | $905,000 | $140,000 | $1,426,000 |
| 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 | 3,092 | $710,150,000 | $229,000 | $3,005,000 | $151,000 | $8,031,000 |
| Not Provided | 255 | $66,555,000 | $261,000 | $1,925,000 | $170,000 | $1,029,000 |
| Black or African American | 117 | $26,925,000 | $230,000 | $2,805,000 | $115,000 | $1,200,000 |
| Hispanic | 94 | $13,030,000 | $138,000 | $705,000 | $95,000 | $435,000 |
| Asian | 57 | $20,505,000 | $359,000 | $1,635,000 | $227,000 | $1,375,000 |
| Not applicable | 36 | $44,420,000 | $1,233,000 | $17,705,000 | $0 | $0 |
| American Indian or Alaskan Native | 18 | $3,550,000 | $197,000 | $455,000 | $120,000 | $406,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,650,000 | $412,000 | $585,000 | $193,000 | $310,000 |
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) | 3,513 | $865,295,000 | $246,000 | $17,705,000 | $156,000 | $8,031,000 |
| FHA-insured (Federal Housing Administration) | 150 | $25,670,000 | $171,000 | $435,000 | $71,000 | $212,000 |
| VA-guaranteed (Veterans Administration) | 25 | $7,355,000 | $294,000 | $525,000 | $106,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $895,000 | $127,000 | $195,000 | $54,000 | $62,000 |
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 | 2,428 | $649,150,000 | $267,000 | $17,705,000 | $162,000 | $8,031,000 |
| Application Denied By Financial Institution | 555 | $76,625,000 | $138,000 | $1,635,000 | $98,000 | $1,374,000 |
| Application Withdrawn By Applicant | 553 | $142,035,000 | $256,000 | $2,255,000 | $165,000 | $4,825,000 |
| File Closed For Incompleteness | 98 | $18,470,000 | $188,000 | $1,385,000 | $138,000 | $700,000 |
| Application Approved But Not Accepted | 27 | $4,855,000 | $179,000 | $825,000 | $140,000 | $571,000 |
| Loan Purchased By The Institution | 25 | $5,835,000 | $233,000 | $585,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 9 | $2,245,000 | $249,000 | $905,000 | $106,000 | $409,000 |
| 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 | 3,131 | $820,345,000 | $262,000 | $17,705,000 | $162,000 | $8,031,000 |
| Debt-To-Income Ratio | 274 | $45,970,000 | $167,000 | $1,635,000 | $89,000 | $637,000 |
| Credit History | 179 | $13,975,000 | $78,000 | $525,000 | $86,000 | $463,000 |
| Collateral | 68 | $6,670,000 | $98,000 | $755,000 | $138,000 | $1,374,000 |
| Other | 21 | $5,705,000 | $271,000 | $1,325,000 | $206,000 | $689,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,595,000 | $326,000 | $1,605,000 | $109,000 | $259,000 |
| Employment History | 6 | $1,260,000 | $210,000 | $425,000 | $45,000 | $189,000 |
| Credit Application Incomplete | 3 | $1,235,000 | $411,000 | $905,000 | $193,000 | $409,000 |
| Unverifiable Information | 2 | $460,000 | $230,000 | $285,000 | $66,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Bank's 2023 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.