Lake Michigan Credit Union
Mortgage Loan Application
Totals and Details
for 2020
Find mortgage loan statistics, lending data, and loan application totals for Michigan.
The mortgage statistics and data below are specific to mortgage loan applications for Lake Michigan Credit Union.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.
| Mortgage Company & Address | Lake Michigan Credit Union Po Box 2848 Grand Rapids, MI 49501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 35,358 |
| Total Mortgage Loan Application Amount | $7,853,530,000 |
| Average Mortgage Loan Application Amount | $172,833 |
| Highest Mortgage Loan Application Amount | $5,075,000 |
| Average Applicant Income | $117,166 |
| Highest Applicant Income | $5,319,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MI, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| 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 | 10,558 | $ 1,913,310,000 | $ 181,000 | $ 108,000 |
| Ottawa County Michigan | 5,100 | $ 973,980,000 | $ 190,000 | $ 105,000 |
| Oakland County Michigan | 3,117 | $ 977,255,000 | $ 313,000 | $ 170,000 |
| Kalamazoo County Michigan | 1,637 | $ 326,335,000 | $ 199,000 | $ 117,000 |
| Wayne County Michigan | 1,514 | $ 363,310,000 | $ 239,000 | $ 132,000 |
| Muskegon County Michigan | 1,485 | $ 234,375,000 | $ 157,000 | $ 85,000 |
| Allegan County Michigan | 1,099 | $ 211,035,000 | $ 192,000 | $ 101,000 |
| Lee County Florida | 1,096 | $ 344,620,000 | $ 314,000 | $ 191,000 |
| Collier County Florida | 924 | $ 368,200,000 | $ 398,000 | $ 227,000 |
| Macomb County Michigan | 835 | $ 213,035,000 | $ 255,000 | $ 125,000 |
| Grand Traverse County Michigan | 801 | $ 202,825,000 | $ 253,000 | $ 132,000 |
| Livingston County Michigan | 720 | $ 201,930,000 | $ 280,000 | $ 140,000 |
| Washtenaw County Michigan | 653 | $ 217,115,000 | $ 332,000 | $ 170,000 |
| Barry County Michigan | 498 | $ 93,850,000 | $ 188,000 | $ 98,000 |
| Genesee County Michigan | 349 | $ 74,135,000 | $ 212,000 | $ 110,000 |
| Leelanau County Michigan | 324 | $ 112,950,000 | $ 348,000 | $ 203,000 |
| Saginaw County Michigan | 309 | $ 44,975,000 | $ 145,000 | $ 87,000 |
| Van Buren County Michigan | 275 | $ 58,485,000 | $ 212,000 | $ 118,000 |
| Newaygo County Michigan | 274 | $ 45,950,000 | $ 167,000 | $ 96,000 |
| Ingham County Michigan | 272 | $ 50,850,000 | $ 186,000 | $ 123,000 |
| Ionia County Michigan | 240 | $ 38,640,000 | $ 161,000 | $ 84,000 |
| Montcalm County Michigan | 225 | $ 36,295,000 | $ 161,000 | $ 93,000 |
| Charlotte County Florida | 213 | $ 61,775,000 | $ 290,000 | $ 127,000 |
| Oceana County Michigan | 127 | $ 22,655,000 | $ 178,000 | $ 121,000 |
| Monroe County Michigan | 121 | $ 29,135,000 | $ 240,000 | $ 113,000 |
| Antrim County Michigan | 116 | $ 30,030,000 | $ 258,000 | $ 204,000 |
| Berrien County Michigan | 108 | $ 25,720,000 | $ 238,000 | $ 160,000 |
| Benzie County Michigan | 107 | $ 25,305,000 | $ 236,000 | $ 142,000 |
| Charlevoix County Michigan | 98 | $ 33,390,000 | $ 340,000 | $ 258,000 |
| Lake County Florida | 94 | $ 27,080,000 | $ 288,000 | $ 125,000 |
| Clinton County Michigan | 91 | $ 20,035,000 | $ 220,000 | $ 135,000 |
| Emmet County Michigan | 91 | $ 26,985,000 | $ 296,000 | $ 211,000 |
| Calhoun County Michigan | 85 | $ 13,305,000 | $ 156,000 | $ 98,000 |
| Eaton County Michigan | 79 | $ 15,245,000 | $ 192,000 | $ 98,000 |
| Lapeer County Michigan | 78 | $ 20,430,000 | $ 261,000 | $ 127,000 |
| Mecosta County Michigan | 75 | $ 11,655,000 | $ 155,000 | $ 95,000 |
| St. Clair County Michigan | 69 | $ 17,575,000 | $ 254,000 | $ 115,000 |
| Bay County Michigan | 67 | $ 9,905,000 | $ 147,000 | $ 81,000 |
| Sarasota County Florida | 66 | $ 23,820,000 | $ 360,000 | $ 146,000 |
| Hillsborough County Florida | 62 | $ 30,150,000 | $ 486,000 | $ 271,000 |
| Midland County Michigan | 61 | $ 11,565,000 | $ 189,000 | $ 124,000 |
| Lake County Michigan | 53 | $ 6,725,000 | $ 126,000 | $ 139,000 |
| Jackson County Michigan | 52 | $ 10,400,000 | $ 200,000 | $ 119,000 |
| Manistee County Michigan | 47 | $ 8,395,000 | $ 178,000 | $ 132,000 |
| St. Joseph County Michigan | 45 | $ 8,025,000 | $ 178,000 | $ 94,000 |
| Orange County Florida | 44 | $ 25,190,000 | $ 572,000 | $ 229,000 |
| Cass County Michigan | 43 | $ 6,495,000 | $ 151,000 | $ 109,000 |
| Kalkaska County Michigan | 42 | $ 6,630,000 | $ 157,000 | $ 112,000 |
| Mason County Michigan | 39 | $ 7,565,000 | $ 193,000 | $ 123,000 |
| Roscommon County Michigan | 36 | $ 8,450,000 | $ 234,000 | $ 158,000 |
| Pinellas County Florida | 30 | $ 11,780,000 | $ 392,000 | $ 244,000 |
| Cook County Illinois | 30 | $ 10,200,000 | $ 340,000 | $ 254,000 |
| Wexford County Michigan | 30 | $ 4,820,000 | $ 160,000 | $ 108,000 |
| Manatee County Florida | 28 | $ 7,950,000 | $ 283,000 | $ 182,000 |
| Missaukee County Michigan | 28 | $ 4,480,000 | $ 160,000 | $ 132,000 |
| Clare County Michigan | 27 | $ 2,825,000 | $ 104,000 | $ 110,000 |
| Shiawassee County Michigan | 26 | $ 4,520,000 | $ 173,000 | $ 90,000 |
| Osceola County Michigan | 24 | $ 3,040,000 | $ 126,000 | $ 143,000 |
| Otsego County Michigan | 24 | $ 3,790,000 | $ 157,000 | $ 93,000 |
| Cheboygan County Michigan | 23 | $ 4,995,000 | $ 217,000 | $ 209,000 |
| Lenawee County Michigan | 22 | $ 5,300,000 | $ 240,000 | $ 179,000 |
| Iosco County Michigan | 21 | $ 4,425,000 | $ 210,000 | $ 148,000 |
| Palm Beach County Florida | 19 | $ 13,235,000 | $ 696,000 | $ 296,000 |
| Gladwin County Michigan | 16 | $ 2,530,000 | $ 158,000 | $ 108,000 |
| Gratiot County Michigan | 14 | $ 2,020,000 | $ 144,000 | $ 78,000 |
| Brevard County Florida | 13 | $ 5,115,000 | $ 393,000 | $ 196,000 |
| Isabella County Michigan | 13 | $ 2,385,000 | $ 183,000 | $ 106,000 |
| Seminole County Florida | 12 | $ 5,030,000 | $ 419,000 | $ 235,000 |
| Sumter County Florida | 12 | $ 2,990,000 | $ 249,000 | $ 84,000 |
| Volusia County Florida | 12 | $ 3,300,000 | $ 275,000 | $ 172,000 |
| DuPage County Illinois | 12 | $ 5,200,000 | $ 433,000 | $ 309,000 |
| Ogemaw County Michigan | 12 | $ 1,910,000 | $ 159,000 | $ 86,000 |
| Tuscola County Michigan | 12 | $ 1,670,000 | $ 139,000 | $ 80,000 |
| Polk County Florida | 11 | $ 2,555,000 | $ 232,000 | $ 107,000 |
| St. Joseph County Indiana | 11 | $ 1,555,000 | $ 141,000 | $ 86,000 |
| Monroe County Florida | 10 | $ 5,460,000 | $ 546,000 | $ 287,000 |
| Alpena County Michigan | 10 | $ 2,670,000 | $ 267,000 | $ 147,000 |
| Chippewa County Michigan | 10 | $ 1,060,000 | $ 106,000 | $ 71,000 |
| Franklin County Ohio | 10 | $ 2,160,000 | $ 216,000 | $ 180,000 |
| Arenac County Michigan | 9 | $ 1,415,000 | $ 157,000 | $ 92,000 |
| Hillsdale County Michigan | 9 | $ 2,095,000 | $ 232,000 | $ 131,000 |
| Mackinac County Michigan | 9 | $ 1,485,000 | $ 165,000 | $ 108,000 |
| Milwaukee County Wisconsin | 9 | $ 2,005,000 | $ 222,000 | $ 137,000 |
| Marion County Florida | 8 | $ 1,270,000 | $ 158,000 | $ 92,000 |
| Osceola County Florida | 8 | $ 2,200,000 | $ 275,000 | $ 109,000 |
| Pasco County Florida | 8 | $ 1,210,000 | $ 151,000 | $ 54,000 |
| St. Johns County Florida | 8 | $ 2,410,000 | $ 301,000 | $ 151,000 |
| Houghton County Michigan | 8 | $ 1,430,000 | $ 178,000 | $ 158,000 |
| Martin County Florida | 7 | $ 6,295,000 | $ 899,000 | $ 576,000 |
| Lake County Illinois | 7 | $ 2,255,000 | $ 322,000 | $ 339,000 |
| Montmorency County Michigan | 7 | $ 995,000 | $ 142,000 | $ 133,000 |
| Oscoda County Michigan | 7 | $ 975,000 | $ 139,000 | $ 106,000 |
| Crawford County Michigan | 6 | $ 840,000 | $ 140,000 | $ 96,000 |
| Marquette County Michigan | 6 | $ 1,430,000 | $ 238,000 | $ 156,000 |
| Presque Isle County Michigan | 6 | $ 1,310,000 | $ 218,000 | $ 222,000 |
| Delaware County Ohio | 6 | $ 2,260,000 | $ 376,000 | $ 259,000 |
| Lucas County Ohio | 6 | $ 930,000 | $ 155,000 | $ 57,000 |
| Broward County Florida | 5 | $ 705,000 | $ 141,000 | $ 239,000 |
| DeSoto County Florida | 5 | $ 685,000 | $ 137,000 | $ 116,000 |
| Hendry County Florida | 5 | $ 1,715,000 | $ 343,000 | $ 120,000 |
| Elkhart County Indiana | 5 | $ 895,000 | $ 179,000 | $ 140,000 |
| Huron County Michigan | 5 | $ 835,000 | $ 167,000 | $ 152,000 |
| Summit County Ohio | 5 | $ 635,000 | $ 127,000 | $ 125,000 |
| Warren County Ohio | 5 | $ 915,000 | $ 183,000 | $ 79,000 |
| Waukesha County Wisconsin | 5 | $ 1,435,000 | $ 287,000 | $ 180,000 |
| Duval County Florida | 4 | $ 2,020,000 | $ 505,000 | $ 124,000 |
| Highlands County Florida | 4 | $ 780,000 | $ 195,000 | $ 159,000 |
| Walton County Florida | 4 | $ 1,860,000 | $ 465,000 | $ 451,000 |
| Kane County Illinois | 4 | $ 980,000 | $ 245,000 | $ 221,000 |
| Allen County Indiana | 4 | $ 960,000 | $ 240,000 | $ 222,000 |
| Lake County Indiana | 4 | $ 870,000 | $ 217,000 | $ 110,000 |
| Marion County Indiana | 4 | $ 870,000 | $ 217,000 | $ 226,000 |
| Alcona County Michigan | 4 | $ 370,000 | $ 92,000 | $ 65,000 |
| Branch County Michigan | 4 | $ 580,000 | $ 145,000 | $ 35,000 |
| Sanilac County Michigan | 4 | $ 440,000 | $ 110,000 | $ 113,000 |
| Cuyahoga County Ohio | 4 | $ 690,000 | $ 172,000 | $ 162,000 |
| Alachua County Florida | 3 | $ 745,000 | $ 248,000 | $ 219,000 |
| Clay County Florida | 3 | $ 935,000 | $ 311,000 | $ 77,000 |
| Okaloosa County Florida | 3 | $ 1,075,000 | $ 358,000 | $ 244,000 |
| Will County Illinois | 3 | $ 675,000 | $ 225,000 | $ 152,000 |
| Gogebic County Michigan | 3 | $ 225,000 | $ 75,000 | $ 56,000 |
| Hamilton County Ohio | 3 | $ 425,000 | $ 141,000 | $ 105,000 |
| Montgomery County Ohio | 3 | $ 385,000 | $ 128,000 | $ 103,000 |
| Portage County Ohio | 3 | $ 745,000 | $ 248,000 | $ 99,000 |
| Citrus County Florida | 2 | $ 510,000 | $ 255,000 | $ 117,000 |
| Hernando County Florida | 2 | $ 230,000 | $ 115,000 | $ 117,000 |
| Leon County Florida | 2 | $ 650,000 | $ 325,000 | $ 95,000 |
| Kankakee County Illinois | 2 | $ 390,000 | $ 195,000 | $ 100,000 |
| Dickinson County Michigan | 2 | $ 240,000 | $ 120,000 | $ 42,000 |
| Keweenaw County Michigan | 2 | $ 350,000 | $ 175,000 | $ 179,000 |
| Schoolcraft County Michigan | 2 | $ 610,000 | $ 305,000 | $ 123,000 |
| Wake County North Carolina | 2 | $ 660,000 | $ 330,000 | $ 271,000 |
| Licking County Ohio | 2 | $ 410,000 | $ 205,000 | $ 56,000 |
| Brown County Wisconsin | 2 | $ 710,000 | $ 355,000 | $ 217,000 |
| Walworth County Wisconsin | 2 | $ 300,000 | $ 150,000 | $ 78,000 |
| Riverside County California | 1 | $ 315,000 | $ 315,000 | $ 98,000 |
| Summit County Colorado | 1 | $ 2,605,000 | $ 2,605,000 | $ 0 |
| Bay County Florida | 1 | $ 215,000 | $ 215,000 | $ 140,000 |
| Escambia County Florida | 1 | $ 185,000 | $ 185,000 | $ 59,000 |
| Flagler County Florida | 1 | $ 455,000 | $ 455,000 | $ 60,000 |
| Glades County Florida | 1 | $ 245,000 | $ 245,000 | $ 73,000 |
| Indian River County Florida | 1 | $ 685,000 | $ 685,000 | $ 441,000 |
| Miami-Dade County Florida | 1 | $ 255,000 | $ 255,000 | $ 113,000 |
| St. Lucie County Florida | 1 | $ 575,000 | $ 575,000 | $ 450,000 |
| Wakulla County Florida | 1 | $ 75,000 | $ 75,000 | $ 80,000 |
| Champaign County Illinois | 1 | $ 55,000 | $ 55,000 | $ 36,000 |
| McHenry County Illinois | 1 | $ 125,000 | $ 125,000 | $ 116,000 |
| McLean County Illinois | 1 | $ 145,000 | $ 145,000 | $ 85,000 |
| Menard County Illinois | 1 | $ 135,000 | $ 135,000 | $ 378,000 |
| Peoria County Illinois | 1 | $ 435,000 | $ 435,000 | $ 849,000 |
| Winnebago County Illinois | 1 | $ 105,000 | $ 105,000 | $ 116,000 |
| Bartholomew County Indiana | 1 | $ 195,000 | $ 195,000 | $ 100,000 |
| Boone County Indiana | 1 | $ 205,000 | $ 205,000 | $ 75,000 |
| Hamilton County Indiana | 1 | $ 375,000 | $ 375,000 | $ 300,000 |
| Hancock County Indiana | 1 | $ 145,000 | $ 145,000 | $ 80,000 |
| Johnson County Indiana | 1 | $ 165,000 | $ 165,000 | $ 137,000 |
| Kosciusko County Indiana | 1 | $ 215,000 | $ 215,000 | $ 64,000 |
| LaGrange County Indiana | 1 | $ 265,000 | $ 265,000 | $ 204,000 |
| LaPorte County Indiana | 1 | $ 125,000 | $ 125,000 | $ 84,000 |
| Noble County Indiana | 1 | $ 75,000 | $ 75,000 | $ 79,000 |
| Porter County Indiana | 1 | $ 285,000 | $ 285,000 | $ 200,000 |
| Vigo County Indiana | 1 | $ 265,000 | $ 265,000 | $ 126,000 |
| Baltimore City County Maryland | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Alger County Michigan | 1 | $ 85,000 | $ 85,000 | $ 108,000 |
| Baraga County Michigan | 1 | $ 125,000 | $ 125,000 | $ 174,000 |
| Delta County Michigan | 1 | $ 125,000 | $ 125,000 | $ 75,000 |
| Iron County Michigan | 1 | $ 155,000 | $ 155,000 | $ 206,000 |
| Menominee County Michigan | 1 | $ 115,000 | $ 115,000 | $ 52,000 |
| Scott County Minnesota | 1 | $ 265,000 | $ 265,000 | $ 177,000 |
| Brunswick County North Carolina | 1 | $ 245,000 | $ 245,000 | $ 226,000 |
| Watauga County North Carolina | 1 | $ 355,000 | $ 355,000 | $ 553,000 |
| Yancey County North Carolina | 1 | $ 345,000 | $ 345,000 | $ 144,000 |
| Ashland County Ohio | 1 | $ 55,000 | $ 55,000 | $ 20,000 |
| Athens County Ohio | 1 | $ 125,000 | $ 125,000 | $ 108,000 |
| Butler County Ohio | 1 | $ 125,000 | $ 125,000 | $ 86,000 |
| Clermont County Ohio | 1 | $ 285,000 | $ 285,000 | $ 117,000 |
| Fairfield County Ohio | 1 | $ 145,000 | $ 145,000 | $ 53,000 |
| Fulton County Ohio | 1 | $ 385,000 | $ 385,000 | $ 117,000 |
| Greene County Ohio | 1 | $ 85,000 | $ 85,000 | $ 30,000 |
| Jefferson County Ohio | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
| Lake County Ohio | 1 | $ 535,000 | $ 535,000 | $ 104,000 |
| Lorain County Ohio | 1 | $ 155,000 | $ 155,000 | $ 48,000 |
| Miami County Ohio | 1 | $ 235,000 | $ 235,000 | $ 71,000 |
| Shelby County Ohio | 1 | $ 265,000 | $ 265,000 | $ 79,000 |
| Trumbull County Ohio | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Van Wert County Ohio | 1 | $ 15,000 | $ 15,000 | $ 47,000 |
| Washington County Ohio | 1 | $ 125,000 | $ 125,000 | $ 100,000 |
| Henrico County Virginia | 1 | $ 265,000 | $ 265,000 | $ 137,000 |
| Dane County Wisconsin | 1 | $ 1,005,000 | $ 1,005,000 | $ 925,000 |
| Green County Wisconsin | 1 | $ 145,000 | $ 145,000 | $ 29,000 |
| Pierce County Wisconsin | 1 | $ 85,000 | $ 85,000 | $ 62,000 |
| Richland County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 80,000 |
| St. Croix County Wisconsin | 1 | $ 745,000 | $ 745,000 | $ 282,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Michigan,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Lake Michigan Credit Union in 2020
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 | 13,725 | $3,153,565,000 | $229,000 | $3,345,000 | $131,000 | $3,750,000 |
| Home Purchase | 12,511 | $3,458,145,000 | $276,000 | $5,075,000 | $128,000 | $5,319,000 |
| Cash-out Refinancing | 4,007 | $869,585,000 | $217,000 | $2,305,000 | $112,000 | $2,772,000 |
| Home Improvement | 3,503 | $212,115,000 | $60,000 | $1,005,000 | $117,000 | $2,468,000 |
| Other Purpose | 1,584 | $155,700,000 | $98,000 | $1,155,000 | $122,000 | $2,955,000 |
| Not Applicable | 28 | $4,420,000 | $157,000 | $465,000 | $93,000 | $129,000 |
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 | 25,264 | $5,673,420,000 | $224,000 | $5,075,000 | $125,000 | $3,750,000 |
| Not Provided | 7,690 | $1,651,490,000 | $214,000 | $4,005,000 | $133,000 | $5,319,000 |
| Hispanic | 967 | $197,705,000 | $204,000 | $2,005,000 | $101,000 | $1,080,000 |
| Asian | 612 | $150,700,000 | $246,000 | $1,685,000 | $120,000 | $1,020,000 |
| Black or African American | 570 | $109,520,000 | $192,000 | $1,115,000 | $99,000 | $889,000 |
| American Indian or Alaskan Native | 91 | $16,785,000 | $184,000 | $765,000 | $96,000 | $630,000 |
| Not applicable | 51 | $20,845,000 | $408,000 | $2,605,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,425,000 | $203,000 | $515,000 | $163,000 | $504,000 |
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) | 33,850 | $7,558,370,000 | $223,000 | $5,075,000 | $128,000 | $5,319,000 |
| FHA-insured (Federal Housing Administration) | 1,057 | $183,695,000 | $173,000 | $425,000 | $60,000 | $352,000 |
| VA-guaranteed (Veterans Administration) | 344 | $93,200,000 | $270,000 | $1,595,000 | $91,000 | $517,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 107 | $18,265,000 | $170,000 | $315,000 | $56,000 | $104,000 |
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 | 26,550 | $5,932,580,000 | $223,000 | $3,605,000 | $126,000 | $3,497,000 |
| Application Withdrawn By Applicant | 4,796 | $1,211,310,000 | $252,000 | $5,075,000 | $136,000 | $3,750,000 |
| Application Denied By Financial Institution | 1,984 | $304,640,000 | $153,000 | $3,005,000 | $94,000 | $5,319,000 |
| File Closed For Incompleteness | 1,164 | $243,390,000 | $209,000 | $2,755,000 | $122,000 | $1,300,000 |
| Application Approved But Not Accepted | 840 | $157,390,000 | $187,000 | $1,385,000 | $132,000 | $2,785,000 |
| Loan Purchased By The Institution | 24 | $4,220,000 | $175,000 | $465,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 33,374 | $7,548,890,000 | $226,000 | $5,075,000 | $128,000 | $3,750,000 |
| Debt-To-Income Ratio | 881 | $116,615,000 | $132,000 | $1,505,000 | $57,000 | $388,000 |
| Collateral | 564 | $104,300,000 | $184,000 | $2,505,000 | $146,000 | $2,400,000 |
| Credit History | 309 | $38,175,000 | $123,000 | $1,505,000 | $87,000 | $700,000 |
| Other | 94 | $18,900,000 | $201,000 | $3,005,000 | $168,000 | $5,319,000 |
| Employment History | 75 | $14,995,000 | $199,000 | $975,000 | $72,000 | $528,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $5,515,000 | $190,000 | $445,000 | $83,000 | $168,000 |
| Credit Application Incomplete | 26 | $5,350,000 | $205,000 | $555,000 | $101,000 | $634,000 |
| Unverifiable Information | 5 | $545,000 | $109,000 | $215,000 | $53,000 | $73,000 |
| Mortgage Insurance Denied | 1 | $245,000 | $245,000 | $245,000 | $155,000 | $155,000 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MI, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in Michigan, and search similar information at your convenience.