Independent Mtg Co Central Mi
HMDA Loan Application Totals
and Mortgage Lending Details
for 2004
Independent Mtg Co Central Mi 2004 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 Mtg Co Central Mi 230 West Main Street Ionia, MI 48846 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,659 |
| Total Mortgage Loan Application Amount | $269,900,000 |
| Average Mortgage Loan Application Amount | $273,166 |
| Highest Mortgage Loan Application Amount | $1,190,000 |
| Average Applicant Income | $211,916 |
| Highest Applicant Income | $1,253,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2004 with Independent Mtg Co Central Mi. 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 Mtg Co Central Mi's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2004 breaks down Independent Mtg Co Central Mi'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 Mtg Co Central Mi serves its applicants.
Each category highlights the total number of mortgage applications processed by Independent Mtg Co Central Mi, 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 Mtg Co Central Mi's mortgage activity for 2004.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bay County Michigan | 612 | $ 56,440,000 | $ 92,000 | $ 50,000 |
| Saginaw County Michigan | 311 | $ 29,919,000 | $ 96,000 | $ 66,000 |
| Ionia County Michigan | 283 | $ 29,585,000 | $ 104,000 | $ 42,000 |
| Midland County Michigan | 167 | $ 18,257,000 | $ 109,000 | $ 59,000 |
| Isabella County Michigan | 148 | $ 16,729,000 | $ 113,000 | $ 62,000 |
| Gladwin County Michigan | 122 | $ 12,404,000 | $ 101,000 | $ 61,000 |
| Iosco County Michigan | 112 | $ 10,301,000 | $ 91,000 | $ 44,000 |
| Alpena County Michigan | 110 | $ 10,703,000 | $ 97,000 | $ 38,000 |
| Ogemaw County Michigan | 107 | $ 9,374,000 | $ 87,000 | $ 47,000 |
| Roscommon County Michigan | 74 | $ 5,530,000 | $ 74,000 | $ 48,000 |
| Montcalm County Michigan | 73 | $ 6,695,000 | $ 91,000 | $ 40,000 |
| Arenac County Michigan | 52 | $ 4,460,000 | $ 85,000 | $ 53,000 |
| Montmorency County Michigan | 51 | $ 4,588,000 | $ 89,000 | $ 45,000 |
| Alcona County Michigan | 42 | $ 4,812,000 | $ 114,000 | $ 64,000 |
| Presque Isle County Michigan | 39 | $ 3,595,000 | $ 92,000 | $ 51,000 |
| Charlevoix County Michigan | 35 | $ 6,357,000 | $ 181,000 | $ 78,000 |
| Clare County Michigan | 31 | $ 2,912,000 | $ 93,000 | $ 46,000 |
| Otsego County Michigan | 30 | $ 2,913,000 | $ 97,000 | $ 47,000 |
| Kent County Michigan | 22 | $ 3,071,000 | $ 139,000 | $ 82,000 |
| Gratiot County Michigan | 21 | $ 1,956,000 | $ 93,000 | $ 46,000 |
| Genesee County Michigan | 17 | $ 1,587,000 | $ 93,000 | $ 79,000 |
| Tuscola County Michigan | 16 | $ 1,414,000 | $ 88,000 | $ 54,000 |
| Antrim County Michigan | 14 | $ 1,282,000 | $ 91,000 | $ 83,000 |
| Crawford County Michigan | 14 | $ 1,043,000 | $ 74,000 | $ 49,000 |
| Clinton County Michigan | 12 | $ 1,736,000 | $ 144,000 | $ 63,000 |
| Oscoda County Michigan | 9 | $ 935,000 | $ 103,000 | $ 126,000 |
| Huron County Michigan | 8 | $ 808,000 | $ 101,000 | $ 39,000 |
| Leelanau County Michigan | 8 | $ 1,759,000 | $ 219,000 | $ 363,000 |
| Barry County Michigan | 7 | $ 919,000 | $ 131,000 | $ 65,000 |
| Cheboygan County Michigan | 7 | $ 866,000 | $ 123,000 | $ 110,000 |
| Missaukee County Michigan | 7 | $ 910,000 | $ 130,000 | $ 54,000 |
| Ottawa County Michigan | 6 | $ 942,000 | $ 157,000 | $ 60,000 |
| Sanilac County Michigan | 6 | $ 761,000 | $ 126,000 | $ 48,000 |
| Gallatin County Montana | 6 | $ 1,858,000 | $ 309,000 | $ 144,000 |
| Emmet County Michigan | 5 | $ 1,243,000 | $ 248,000 | $ 177,000 |
| Ingham County Michigan | 5 | $ 459,000 | $ 91,000 | $ 73,000 |
| St. Joseph County Michigan | 5 | $ 222,000 | $ 44,000 | $ 62,000 |
| Wayne County Michigan | 5 | $ 398,000 | $ 79,000 | $ 52,000 |
| Eagle County Colorado | 4 | $ 1,684,000 | $ 421,000 | $ 516,000 |
| Kalkaska County Michigan | 4 | $ 262,000 | $ 65,000 | $ 35,000 |
| Washtenaw County Michigan | 4 | $ 772,000 | $ 193,000 | $ 140,000 |
| El Dorado County California | 3 | $ 305,000 | $ 101,000 | $ 111,000 |
| Allegan County Michigan | 3 | $ 231,000 | $ 77,000 | $ 49,000 |
| Benzie County Michigan | 3 | $ 506,000 | $ 168,000 | $ 148,000 |
| Eaton County Michigan | 3 | $ 329,000 | $ 109,000 | $ 59,000 |
| Mecosta County Michigan | 3 | $ 295,000 | $ 98,000 | $ 112,000 |
| Oakland County Michigan | 3 | $ 443,000 | $ 147,000 | $ 109,000 |
| St. Clair County Michigan | 3 | $ 374,000 | $ 124,000 | $ 59,000 |
| Berrien County Michigan | 2 | $ 150,000 | $ 75,000 | $ 82,000 |
| Grand Traverse County Michigan | 2 | $ 315,000 | $ 157,000 | $ 121,000 |
| Livingston County Michigan | 2 | $ 355,000 | $ 177,000 | $ 26,000 |
| Manistee County Michigan | 2 | $ 142,000 | $ 71,000 | $ 33,000 |
| Osceola County Michigan | 2 | $ 76,000 | $ 38,000 | $ 48,000 |
| Schoolcraft County Michigan | 2 | $ 250,000 | $ 125,000 | $ 190,000 |
| Van Buren County Michigan | 2 | $ 432,000 | $ 216,000 | $ 167,000 |
| Summit County Utah | 2 | $ 204,000 | $ 102,000 | $ 228,000 |
| Maricopa County Arizona | 1 | $ 406,000 | $ 406,000 | $ 197,000 |
| Routt County Colorado | 1 | $ 169,000 | $ 169,000 | $ 263,000 |
| Palm Beach County Florida | 1 | $ 125,000 | $ 125,000 | $ 344,000 |
| Hillsdale County Michigan | 1 | $ 176,000 | $ 176,000 | $ 55,000 |
| Jackson County Michigan | 1 | $ 100,000 | $ 100,000 | $ 47,000 |
| Macomb County Michigan | 1 | $ 480,000 | $ 480,000 | $ 125,000 |
| Muskegon County Michigan | 1 | $ 96,000 | $ 96,000 | $ 40,000 |
| Newaygo County Michigan | 1 | $ 70,000 | $ 70,000 | $ 48,000 |
| Oceana County Michigan | 1 | $ 110,000 | $ 110,000 | $ 48,000 |
| Wexford County Michigan | 1 | $ 110,000 | $ 110,000 | $ 147,000 |
| Clackamas County Oregon | 1 | $ 1,190,000 | $ 1,190,000 | $ 518,000 |
Mortgage Loan Application Detail Totals for Independent Mtg Co Central Mi in 2004
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 | 1,313 | $134,729,000 | $345,600 | $1,190,000 | $240,000 | $721,000 |
| Home Purchase | 1,175 | $119,913,000 | $243,500 | $920,000 | $214,500 | $1,253,000 |
| Home Improvement | 171 | $15,258,000 | $89,000 | $316,000 | $56,000 | $229,000 |
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 | 2,494 | $251,988,000 | $359,833 | $1,190,000 | $273,166 | $1,253,000 |
| Hispanic | 49 | $3,928,000 | $80,000 | $136,000 | $47,000 | $159,000 |
| Black or African American | 41 | $3,687,000 | $89,000 | $253,000 | $47,000 | $117,000 |
| Not Provided | 38 | $4,492,000 | $175,500 | $406,000 | $184,833 | $344,000 |
| American Indian or Alaskan Native | 29 | $4,638,000 | $159,000 | $314,000 | $94,000 | $205,000 |
| Asian | 4 | $736,000 | $184,000 | $334,000 | $258,000 | $721,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $280,000 | $140,000 | $144,000 | $69,000 | $81,000 |
| Not applicable | 2 | $151,000 | $75,000 | $76,000 | $92,000 | $141,000 |
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) | 2,464 | $253,203,000 | $338,000 | $1,190,000 | $257,125 | $1,253,000 |
| FHA-insured (Federal Housing Administration) | 160 | $13,684,000 | $85,000 | $163,000 | $39,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $1,622,000 | $81,000 | $203,000 | $34,000 | $66,000 |
| VA-guaranteed (Veterans Administration) | 15 | $1,391,000 | $92,000 | $182,000 | $38,000 | $90,000 |
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 | 1,940 | $195,336,000 | $312,200 | $920,000 | $288,000 | $1,253,000 |
| Application Denied By Financial Institution | 363 | $38,378,000 | $329,428 | $1,190,000 | $256,571 | $518,000 |
| Application Withdrawn By Applicant | 308 | $31,972,000 | $169,000 | $500,000 | $115,500 | $607,000 |
| File Closed For Incompleteness | 28 | $2,678,000 | $95,000 | $275,000 | $44,000 | $82,000 |
| Application Approved But Not Accepted | 20 | $1,536,000 | $76,000 | $125,000 | $57,000 | $204,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 194 | $19,555,000 | $120,750 | $550,000 | $226,250 | $367,000 |
| Credit History | 50 | $4,664,000 | $308,500 | $533,000 | $78,500 | $120,000 |
| Debt-To-Income Ratio | 44 | $5,190,000 | $126,000 | $315,000 | $203,000 | $462,000 |
| Collateral | 22 | $3,328,000 | $645,500 | $1,190,000 | $288,500 | $518,000 |
| Other | 14 | $1,413,000 | $132,000 | $218,000 | $152,000 | $263,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $521,000 | $74,000 | $127,000 | $32,000 | $72,000 |
| Unverifiable Information | 6 | $829,000 | $138,000 | $485,000 | $32,000 | $65,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Independent Mtg Co Central Mi's 2004 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 Mtg Co Central Mi'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.