Lake Michigan Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
Lake Michigan Credit Union 2008 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 | Lake Michigan Credit Union Po Box 2848 Caledonia, MI 49501 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 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,161 |
| Total Mortgage Loan Application Amount | $761,831,000 |
| Average Mortgage Loan Application Amount | $108,333 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $74,666 |
| Highest Applicant Income | $4,707,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 with Lake Michigan Credit Union. 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 Lake Michigan Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2008 breaks down Lake Michigan Credit Union'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 Lake Michigan Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Lake Michigan Credit Union, 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 Lake Michigan Credit Union's mortgage activity for 2008.
| 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 | 3,260 | $ 348,606,000 | $ 106,000 | $ 71,000 |
| Ottawa County Michigan | 774 | $ 94,115,000 | $ 121,000 | $ 75,000 |
| Allegan County Michigan | 175 | $ 20,632,000 | $ 117,000 | $ 74,000 |
| Barry County Michigan | 96 | $ 12,683,000 | $ 132,000 | $ 84,000 |
| Montcalm County Michigan | 80 | $ 9,709,000 | $ 121,000 | $ 82,000 |
| Muskegon County Michigan | 76 | $ 8,176,000 | $ 107,000 | $ 64,000 |
| Newaygo County Michigan | 71 | $ 7,523,000 | $ 105,000 | $ 72,000 |
| Franklin County Ohio | 35 | $ 7,373,000 | $ 210,000 | $ 115,000 |
| Ionia County Michigan | 34 | $ 3,407,000 | $ 100,000 | $ 56,000 |
| Cuyahoga County Ohio | 34 | $ 8,082,000 | $ 237,000 | $ 166,000 |
| Kalamazoo County Michigan | 30 | $ 3,802,000 | $ 126,000 | $ 93,000 |
| Stark County Ohio | 27 | $ 4,041,000 | $ 149,000 | $ 79,000 |
| Mecosta County Michigan | 20 | $ 1,893,000 | $ 94,000 | $ 71,000 |
| Fairfax County Virginia | 19 | $ 8,359,000 | $ 439,000 | $ 177,000 |
| Lake County Michigan | 18 | $ 1,583,000 | $ 87,000 | $ 110,000 |
| Oakland County Michigan | 18 | $ 4,783,000 | $ 265,000 | $ 221,000 |
| Lake County Ohio | 18 | $ 3,576,000 | $ 198,000 | $ 96,000 |
| Geauga County Ohio | 16 | $ 4,286,000 | $ 267,000 | $ 165,000 |
| Summit County Ohio | 16 | $ 3,176,000 | $ 198,000 | $ 117,000 |
| Oceana County Michigan | 14 | $ 1,826,000 | $ 130,000 | $ 77,000 |
| Loudoun County Virginia | 14 | $ 5,847,000 | $ 417,000 | $ 154,000 |
| Hamilton County Ohio | 13 | $ 3,277,000 | $ 252,000 | $ 113,000 |
| Portage County Ohio | 13 | $ 2,643,000 | $ 203,000 | $ 84,000 |
| Grand Traverse County Michigan | 12 | $ 2,223,000 | $ 185,000 | $ 154,000 |
| Bucks County Pennsylvania | 12 | $ 3,295,000 | $ 274,000 | $ 131,000 |
| Delaware County Ohio | 10 | $ 2,805,000 | $ 280,000 | $ 197,000 |
| Mahoning County Ohio | 10 | $ 2,111,000 | $ 211,000 | $ 135,000 |
| Union County Ohio | 10 | $ 2,145,000 | $ 214,000 | $ 100,000 |
| Montgomery County Pennsylvania | 9 | $ 2,607,000 | $ 289,000 | $ 104,000 |
| Berrien County Michigan | 8 | $ 2,295,000 | $ 286,000 | $ 100,000 |
| Washtenaw County Michigan | 8 | $ 2,274,000 | $ 284,000 | $ 173,000 |
| Arlington County Virginia | 8 | $ 3,378,000 | $ 422,000 | $ 175,000 |
| Ingham County Michigan | 7 | $ 1,436,000 | $ 205,000 | $ 88,000 |
| Manistee County Michigan | 7 | $ 828,000 | $ 118,000 | $ 78,000 |
| Lucas County Ohio | 7 | $ 1,527,000 | $ 218,000 | $ 129,000 |
| Montgomery County Maryland | 6 | $ 3,381,000 | $ 563,000 | $ 160,000 |
| Philadelphia County Pennsylvania | 6 | $ 1,576,000 | $ 262,000 | $ 93,000 |
| Eaton County Michigan | 5 | $ 456,000 | $ 91,000 | $ 46,000 |
| Livingston County Michigan | 5 | $ 1,679,000 | $ 335,000 | $ 170,000 |
| Wayne County Michigan | 5 | $ 1,864,000 | $ 372,000 | $ 196,000 |
| Lorain County Ohio | 5 | $ 1,066,000 | $ 213,000 | $ 90,000 |
| Alexandria County Virginia | 5 | $ 1,884,000 | $ 376,000 | $ 125,000 |
| Prince William County Virginia | 5 | $ 1,679,000 | $ 335,000 | $ 123,000 |
| Hamilton County Indiana | 4 | $ 855,000 | $ 213,000 | $ 84,000 |
| St. Joseph County Indiana | 4 | $ 557,000 | $ 139,000 | $ 96,000 |
| Antrim County Michigan | 4 | $ 604,000 | $ 151,000 | $ 83,000 |
| Gratiot County Michigan | 4 | $ 350,000 | $ 87,000 | $ 119,000 |
| Leelanau County Michigan | 4 | $ 601,000 | $ 150,000 | $ 76,000 |
| Mason County Michigan | 4 | $ 524,000 | $ 131,000 | $ 82,000 |
| Chester County Pennsylvania | 4 | $ 1,012,000 | $ 253,000 | $ 113,000 |
| Alameda County California | 3 | $ 1,289,000 | $ 429,000 | $ 100,000 |
| Benzie County Michigan | 3 | $ 318,000 | $ 106,000 | $ 141,000 |
| Calhoun County Michigan | 3 | $ 179,000 | $ 59,000 | $ 67,000 |
| Clare County Michigan | 3 | $ 273,000 | $ 91,000 | $ 46,000 |
| Kalkaska County Michigan | 3 | $ 230,000 | $ 76,000 | $ 116,000 |
| Macomb County Michigan | 3 | $ 441,000 | $ 147,000 | $ 91,000 |
| Van Buren County Michigan | 3 | $ 524,000 | $ 174,000 | $ 97,000 |
| Butler County Ohio | 3 | $ 525,000 | $ 175,000 | $ 90,000 |
| Medina County Ohio | 3 | $ 483,000 | $ 161,000 | $ 119,000 |
| Wayne County Ohio | 3 | $ 404,000 | $ 134,000 | $ 77,000 |
| Contra Costa County California | 2 | $ 987,000 | $ 493,000 | $ 131,000 |
| Marion County Indiana | 2 | $ 189,000 | $ 94,000 | $ 47,000 |
| Calvert County Maryland | 2 | $ 1,350,000 | $ 675,000 | $ 2,450,000 |
| St. Mary's County Maryland | 2 | $ 784,000 | $ 392,000 | $ 263,000 |
| Charlevoix County Michigan | 2 | $ 393,000 | $ 196,000 | $ 130,000 |
| Clinton County Michigan | 2 | $ 134,000 | $ 67,000 | $ 67,000 |
| Genesee County Michigan | 2 | $ 290,000 | $ 145,000 | $ 69,000 |
| Isabella County Michigan | 2 | $ 251,000 | $ 125,000 | $ 52,000 |
| Jackson County Michigan | 2 | $ 280,000 | $ 140,000 | $ 65,000 |
| Osceola County Michigan | 2 | $ 278,000 | $ 139,000 | $ 138,000 |
| Otsego County Michigan | 2 | $ 255,000 | $ 127,000 | $ 106,000 |
| Wexford County Michigan | 2 | $ 253,000 | $ 126,000 | $ 53,000 |
| Mecklenburg County North Carolina | 2 | $ 1,208,000 | $ 604,000 | $ 250,000 |
| Champaign County Ohio | 2 | $ 224,000 | $ 112,000 | $ 58,000 |
| Clinton County Ohio | 2 | $ 227,000 | $ 113,000 | $ 69,000 |
| Fairfield County Ohio | 2 | $ 618,000 | $ 309,000 | $ 145,000 |
| Trumbull County Ohio | 2 | $ 492,000 | $ 246,000 | $ 162,000 |
| Warren County Ohio | 2 | $ 818,000 | $ 409,000 | $ 182,000 |
| Los Angeles County California | 1 | $ 444,000 | $ 444,000 | $ 99,000 |
| Marin County California | 1 | $ 484,000 | $ 484,000 | $ 147,000 |
| Napa County California | 1 | $ 417,000 | $ 417,000 | $ 140,000 |
| Stanislaus County California | 1 | $ 200,000 | $ 200,000 | $ 44,000 |
| Tuolumne County California | 1 | $ 252,000 | $ 252,000 | $ 194,000 |
| Lee County Florida | 1 | $ 417,000 | $ 417,000 | $ 705,000 |
| Delaware County Indiana | 1 | $ 57,000 | $ 57,000 | $ 72,000 |
| Elkhart County Indiana | 1 | $ 168,000 | $ 168,000 | $ 61,000 |
| Franklin County Indiana | 1 | $ 140,000 | $ 140,000 | $ 106,000 |
| Lake County Indiana | 1 | $ 720,000 | $ 720,000 | $ 247,000 |
| Porter County Indiana | 1 | $ 444,000 | $ 444,000 | $ 371,000 |
| Kenton County Kentucky | 1 | $ 158,000 | $ 158,000 | $ 53,000 |
| Frederick County Maryland | 1 | $ 270,000 | $ 270,000 | $ 108,000 |
| Howard County Maryland | 1 | $ 1,000,000 | $ 1,000,000 | $ 483,000 |
| Alger County Michigan | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
| Arenac County Michigan | 1 | $ 80,000 | $ 80,000 | $ 177,000 |
| Cass County Michigan | 1 | $ 417,000 | $ 417,000 | $ 193,000 |
| Cheboygan County Michigan | 1 | $ 306,000 | $ 306,000 | $ 147,000 |
| Delta County Michigan | 1 | $ 182,000 | $ 182,000 | $ 144,000 |
| Emmet County Michigan | 1 | $ 127,000 | $ 127,000 | $ 134,000 |
| Iosco County Michigan | 1 | $ 20,000 | $ 20,000 | $ 122,000 |
| Mackinac County Michigan | 1 | $ 68,000 | $ 68,000 | $ 66,000 |
| Marquette County Michigan | 1 | $ 98,000 | $ 98,000 | $ 80,000 |
| Missaukee County Michigan | 1 | $ 90,000 | $ 90,000 | $ 70,000 |
| Monroe County Michigan | 1 | $ 171,000 | $ 171,000 | $ 99,000 |
| Montmorency County Michigan | 1 | $ 17,000 | $ 17,000 | $ 32,000 |
| Saginaw County Michigan | 1 | $ 35,000 | $ 35,000 | $ 80,000 |
| Schoolcraft County Michigan | 1 | $ 134,000 | $ 134,000 | $ 122,000 |
| Shiawassee County Michigan | 1 | $ 108,000 | $ 108,000 | $ 22,000 |
| St. Joseph County Michigan | 1 | $ 26,000 | $ 26,000 | $ 134,000 |
| Tuscola County Michigan | 1 | $ 138,000 | $ 138,000 | $ 84,000 |
| Washoe County Nevada | 1 | $ 320,000 | $ 320,000 | $ 93,000 |
| Guilford County North Carolina | 1 | $ 665,000 | $ 665,000 | $ 385,000 |
| Wake County North Carolina | 1 | $ 417,000 | $ 417,000 | $ 160,000 |
| Carroll County Ohio | 1 | $ 150,000 | $ 150,000 | $ 154,000 |
| Greene County Ohio | 1 | $ 200,000 | $ 200,000 | $ 101,000 |
| Hancock County Ohio | 1 | $ 156,000 | $ 156,000 | $ 74,000 |
| Highland County Ohio | 1 | $ 115,000 | $ 115,000 | $ 60,000 |
| Licking County Ohio | 1 | $ 417,000 | $ 417,000 | $ 127,000 |
| Logan County Ohio | 1 | $ 112,000 | $ 112,000 | $ 81,000 |
| Madison County Ohio | 1 | $ 206,000 | $ 206,000 | $ 92,000 |
| Pickaway County Ohio | 1 | $ 182,000 | $ 182,000 | $ 84,000 |
| Richland County Ohio | 1 | $ 127,000 | $ 127,000 | $ 87,000 |
| Seneca County Ohio | 1 | $ 250,000 | $ 250,000 | $ 102,000 |
| Allegheny County Pennsylvania | 1 | $ 143,000 | $ 143,000 | $ 106,000 |
| Beaver County Pennsylvania | 1 | $ 127,000 | $ 127,000 | $ 60,000 |
| Lancaster County Pennsylvania | 1 | $ 112,000 | $ 112,000 | $ 29,000 |
| Lawrence County Pennsylvania | 1 | $ 240,000 | $ 240,000 | $ 121,000 |
| Westmoreland County Pennsylvania | 1 | $ 222,000 | $ 222,000 | $ 85,000 |
| Williamson County Tennessee | 1 | $ 387,000 | $ 387,000 | $ 120,000 |
| Winchester County Virginia | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
Mortgage Loan Application Detail Totals for Lake Michigan Credit Union in 2008
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 | 2,572 | $381,366,000 | $148,000 | $1,200,000 | $76,000 | $1,022,000 |
| Home Purchase | 2,366 | $337,051,000 | $142,000 | $1,000,000 | $72,000 | $4,707,000 |
| Home Improvement | 1,223 | $43,414,000 | $35,000 | $250,000 | $76,000 | $480,000 |
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 | 4,543 | $568,569,000 | $125,000 | $1,200,000 | $77,000 | $4,707,000 |
| Not Provided | 1,148 | $136,094,000 | $118,000 | $800,000 | $71,000 | $1,800,000 |
| Hispanic | 232 | $23,119,000 | $99,000 | $750,000 | $54,000 | $707,000 |
| Black or African American | 117 | $13,185,000 | $112,000 | $600,000 | $66,000 | $336,000 |
| Asian | 88 | $15,206,000 | $172,000 | $990,000 | $74,000 | $213,000 |
| American Indian or Alaskan Native | 14 | $2,022,000 | $144,000 | $404,000 | $74,000 | $212,000 |
| Not applicable | 13 | $2,886,000 | $222,000 | $417,000 | $156,000 | $602,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $750,000 | $125,000 | $180,000 | $90,000 | $110,000 |
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) | 5,861 | $725,654,000 | $123,000 | $1,200,000 | $76,000 | $4,707,000 |
| FHA-insured (Federal Housing Administration) | 297 | $35,837,000 | $120,000 | $271,000 | $49,000 | $212,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $265,000 | $132,000 | $175,000 | $49,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 1 | $75,000 | $75,000 | $75,000 | $121,000 | $121,000 |
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 | 2,714 | $280,967,000 | $103,000 | $1,000,000 | $77,000 | $1,022,000 |
| Application Withdrawn By Applicant | 1,035 | $132,120,000 | $127,000 | $600,000 | $72,000 | $886,000 |
| Preapproval Denied by Financial Institution | 580 | $68,657,000 | $118,000 | $640,000 | $51,000 | $480,000 |
| Application Denied By Financial Institution | 524 | $53,432,000 | $101,000 | $1,200,000 | $58,000 | $996,000 |
| File Closed For Incompleteness | 467 | $61,478,000 | $131,000 | $850,000 | $69,000 | $452,000 |
| Preapproval Approved but not Accepted | 412 | $52,805,000 | $128,000 | $688,000 | $59,000 | $432,000 |
| Loan Purchased By The Institution | 410 | $111,115,000 | $271,000 | $1,000,000 | $149,000 | $4,707,000 |
| Application Approved But Not Accepted | 19 | $1,257,000 | $66,000 | $201,000 | $75,000 | $205,000 |
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 | 431 | $53,593,000 | $124,000 | $640,000 | $55,000 | $480,000 |
| Credit History | 252 | $26,414,000 | $104,000 | $1,200,000 | $56,000 | $996,000 |
| Debt-To-Income Ratio | 220 | $18,745,000 | $85,000 | $328,000 | $45,000 | $140,000 |
| Collateral | 155 | $18,104,000 | $116,000 | $304,000 | $63,000 | $145,000 |
| Other | 13 | $1,593,000 | $122,000 | $250,000 | $67,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,302,000 | $118,000 | $164,000 | $59,000 | $103,000 |
| Unverifiable Information | 8 | $1,019,000 | $127,000 | $196,000 | $57,000 | $79,000 |
| Employment History | 8 | $702,000 | $87,000 | $150,000 | $42,000 | $94,000 |
| Mortgage Insurance Denied | 5 | $570,000 | $114,000 | $160,000 | $38,000 | $75,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Michigan Credit Union's 2008 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 Lake Michigan Credit Union'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.