Lake Michigan Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Lake Michigan Credit Union 2020 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 | 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 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 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 2020 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 2020.
| 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 |
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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Michigan Credit Union's 2020 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.