Independent Mtg Co Central Mi
HMDA Loan Application Totals
and Mortgage Lending Details
for 2006
Independent Mtg Co Central Mi 2006 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 | 1,505 |
| Total Mortgage Loan Application Amount | $167,163,000 |
| Average Mortgage Loan Application Amount | $111,333 |
| Highest Mortgage Loan Application Amount | $1,499,000 |
| Average Applicant Income | $66,333 |
| Highest Applicant Income | $1,470,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2006 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 2006 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 2006.
| 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 | 307 | $ 33,942,000 | $ 110,000 | $ 58,000 |
| Saginaw County Michigan | 189 | $ 19,470,000 | $ 103,000 | $ 57,000 |
| Iosco County Michigan | 99 | $ 9,654,000 | $ 97,000 | $ 56,000 |
| Roscommon County Michigan | 92 | $ 7,800,000 | $ 84,000 | $ 48,000 |
| Ogemaw County Michigan | 81 | $ 7,498,000 | $ 92,000 | $ 51,000 |
| Midland County Michigan | 80 | $ 8,969,000 | $ 112,000 | $ 55,000 |
| Gladwin County Michigan | 79 | $ 10,647,000 | $ 134,000 | $ 70,000 |
| Otsego County Michigan | 64 | $ 5,800,000 | $ 90,000 | $ 44,000 |
| Alpena County Michigan | 61 | $ 6,602,000 | $ 108,000 | $ 67,000 |
| Cook County Illinois | 50 | $ 9,412,000 | $ 188,000 | $ 251,000 |
| Montmorency County Michigan | 50 | $ 4,919,000 | $ 98,000 | $ 53,000 |
| Arenac County Michigan | 44 | $ 4,118,000 | $ 93,000 | $ 49,000 |
| Isabella County Michigan | 40 | $ 4,250,000 | $ 106,000 | $ 60,000 |
| Alcona County Michigan | 31 | $ 3,652,000 | $ 117,000 | $ 62,000 |
| Presque Isle County Michigan | 31 | $ 2,794,000 | $ 90,000 | $ 45,000 |
| Crawford County Michigan | 25 | $ 2,260,000 | $ 90,000 | $ 58,000 |
| Tuscola County Michigan | 18 | $ 2,041,000 | $ 113,000 | $ 64,000 |
| Clare County Michigan | 17 | $ 1,569,000 | $ 92,000 | $ 60,000 |
| Genesee County Michigan | 15 | $ 1,558,000 | $ 103,000 | $ 51,000 |
| Gratiot County Michigan | 14 | $ 1,646,000 | $ 117,000 | $ 62,000 |
| Oscoda County Michigan | 13 | $ 991,000 | $ 76,000 | $ 44,000 |
| Cheboygan County Michigan | 10 | $ 1,143,000 | $ 114,000 | $ 57,000 |
| Antrim County Michigan | 9 | $ 896,000 | $ 99,000 | $ 46,000 |
| Missaukee County Michigan | 7 | $ 431,000 | $ 61,000 | $ 44,000 |
| Miami-Dade County Florida | 6 | $ 984,000 | $ 164,000 | $ 247,000 |
| Montcalm County Michigan | 6 | $ 671,000 | $ 111,000 | $ 74,000 |
| Kalkaska County Michigan | 5 | $ 554,000 | $ 110,000 | $ 40,000 |
| St. Clair County Michigan | 5 | $ 532,000 | $ 106,000 | $ 37,000 |
| Eagle County Colorado | 3 | $ 2,487,000 | $ 829,000 | $ 224,000 |
| Charlevoix County Michigan | 3 | $ 468,000 | $ 156,000 | $ 97,000 |
| Ingham County Michigan | 3 | $ 269,000 | $ 89,000 | $ 27,000 |
| Oakland County Michigan | 3 | $ 407,000 | $ 135,000 | $ 86,000 |
| Washtenaw County Michigan | 3 | $ 458,000 | $ 152,000 | $ 67,000 |
| Coconino County Arizona | 2 | $ 435,000 | $ 217,000 | $ 304,000 |
| Pitkin County Colorado | 2 | $ 520,000 | $ 260,000 | $ 353,000 |
| Huron County Michigan | 2 | $ 167,000 | $ 83,000 | $ 31,000 |
| Kent County Michigan | 2 | $ 247,000 | $ 123,000 | $ 74,000 |
| Macomb County Michigan | 2 | $ 199,000 | $ 99,000 | $ 48,000 |
| Osceola County Michigan | 2 | $ 120,000 | $ 60,000 | $ 59,000 |
| Wayne County Michigan | 2 | $ 203,000 | $ 101,000 | $ 18,000 |
| El Dorado County California | 1 | $ 114,000 | $ 114,000 | $ 64,000 |
| Gunnison County Colorado | 1 | $ 124,000 | $ 124,000 | $ 129,000 |
| San Miguel County Colorado | 1 | $ 1,388,000 | $ 1,388,000 | $ 827,000 |
| Summit County Colorado | 1 | $ 135,000 | $ 135,000 | $ 619,000 |
| Bay County Florida | 1 | $ 224,000 | $ 224,000 | $ 660,000 |
| Bonner County Idaho | 1 | $ 185,000 | $ 185,000 | $ 420,000 |
| St. Joseph County Indiana | 1 | $ 101,000 | $ 101,000 | $ 101,000 |
| Allegan County Michigan | 1 | $ 302,000 | $ 302,000 | $ 186,000 |
| Baraga County Michigan | 1 | $ 120,000 | $ 120,000 | $ 155,000 |
| Clinton County Michigan | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Emmet County Michigan | 1 | $ 1,100,000 | $ 1,100,000 | $ 347,000 |
| Grand Traverse County Michigan | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Houghton County Michigan | 1 | $ 183,000 | $ 183,000 | $ 386,000 |
| Ionia County Michigan | 1 | $ 39,000 | $ 39,000 | $ 78,000 |
| Iron County Michigan | 1 | $ 23,000 | $ 23,000 | $ 163,000 |
| Kalamazoo County Michigan | 1 | $ 199,000 | $ 199,000 | $ 85,000 |
| Lake County Michigan | 1 | $ 67,000 | $ 67,000 | $ 25,000 |
| Lapeer County Michigan | 1 | $ 123,000 | $ 123,000 | $ 35,000 |
| Livingston County Michigan | 1 | $ 313,000 | $ 313,000 | $ 113,000 |
| Luce County Michigan | 1 | $ 69,000 | $ 69,000 | $ 18,000 |
| Mason County Michigan | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Mecosta County Michigan | 1 | $ 172,000 | $ 172,000 | $ 49,000 |
| Newaygo County Michigan | 1 | $ 47,000 | $ 47,000 | $ 55,000 |
| Ottawa County Michigan | 1 | $ 394,000 | $ 394,000 | $ 169,000 |
| Sanilac County Michigan | 1 | $ 179,000 | $ 179,000 | $ 48,000 |
| Schoolcraft County Michigan | 1 | $ 30,000 | $ 30,000 | $ 90,000 |
| Van Buren County Michigan | 1 | $ 216,000 | $ 216,000 | $ 69,000 |
| Summit County Utah | 1 | $ 245,000 | $ 245,000 | $ 271,000 |
Mortgage Loan Application Detail Totals for Independent Mtg Co Central Mi in 2006
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 | 805 | $87,493,000 | $108,000 | $384,000 | $56,000 | $350,000 |
| Home Purchase | 637 | $72,505,000 | $113,000 | $1,499,000 | $81,000 | $1,470,000 |
| Home Improvement | 63 | $7,165,000 | $113,000 | $1,100,000 | $62,000 | $347,000 |
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 | 1,410 | $157,410,000 | $111,000 | $1,499,000 | $66,000 | $1,470,000 |
| Not Provided | 44 | $4,972,000 | $113,000 | $302,000 | $115,000 | $729,000 |
| Hispanic | 24 | $2,196,000 | $91,000 | $246,000 | $49,000 | $125,000 |
| Black or African American | 13 | $1,025,000 | $78,000 | $190,000 | $45,000 | $99,000 |
| American Indian or Alaskan Native | 7 | $747,000 | $106,000 | $175,000 | $56,000 | $105,000 |
| Asian | 7 | $813,000 | $116,000 | $188,000 | $99,000 | $223,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 1,280 | $146,753,000 | $114,000 | $1,499,000 | $72,000 | $1,470,000 |
| FHA-insured (Federal Housing Administration) | 204 | $18,643,000 | $91,000 | $203,000 | $39,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $952,000 | $73,000 | $120,000 | $27,000 | $37,000 |
| VA-guaranteed (Veterans Administration) | 8 | $815,000 | $101,000 | $193,000 | $33,000 | $56,000 |
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 | 1,042 | $110,943,000 | $106,000 | $1,100,000 | $62,000 | $660,000 |
| Application Withdrawn By Applicant | 227 | $28,039,000 | $123,000 | $328,000 | $93,000 | $729,000 |
| Application Denied By Financial Institution | 175 | $20,855,000 | $119,000 | $1,499,000 | $66,000 | $1,470,000 |
| File Closed For Incompleteness | 35 | $3,510,000 | $100,000 | $292,000 | $47,000 | $213,000 |
| Application Approved But Not Accepted | 26 | $3,816,000 | $146,000 | $1,388,000 | $77,000 | $827,000 |
| 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 | 90 | $11,744,000 | $130,000 | $1,499,000 | $81,000 | $1,470,000 |
| Debt-To-Income Ratio | 31 | $3,641,000 | $117,000 | $464,000 | $32,000 | $78,000 |
| Collateral | 27 | $2,476,000 | $91,000 | $213,000 | $44,000 | $95,000 |
| Credit History | 19 | $2,133,000 | $112,000 | $253,000 | $68,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $406,000 | $81,000 | $116,000 | $44,000 | $68,000 |
| Unverifiable Information | 1 | $79,000 | $79,000 | $79,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 2006 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.