Lake Michigan Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Lake Michigan Credit Union 2023 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 | 15,085 |
| Total Mortgage Loan Application Amount | $3,815,725,000 |
| Average Mortgage Loan Application Amount | $193,500 |
| Highest Mortgage Loan Application Amount | $56,005,000 |
| Average Applicant Income | $121,833 |
| Highest Applicant Income | $6,238,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 4,482 | $ 817,010,000 | $ 182,000 | $ 129,000 |
| Ottawa County Michigan | 2,038 | $ 381,820,000 | $ 187,000 | $ 133,000 |
| Oakland County Michigan | 994 | $ 358,330,000 | $ 360,000 | $ 195,000 |
| Muskegon County Michigan | 880 | $ 140,860,000 | $ 160,000 | $ 98,000 |
| Kalamazoo County Michigan | 684 | $ 131,590,000 | $ 192,000 | $ 134,000 |
| Lee County Florida | 613 | $ 323,825,000 | $ 528,000 | $ 207,000 |
| Wayne County Michigan | 505 | $ 132,795,000 | $ 262,000 | $ 159,000 |
| Allegan County Michigan | 491 | $ 94,235,000 | $ 191,000 | $ 119,000 |
| Collier County Florida | 415 | $ 235,315,000 | $ 567,000 | $ 242,000 |
| Grand Traverse County Michigan | 302 | $ 86,640,000 | $ 286,000 | $ 187,000 |
| Washtenaw County Michigan | 261 | $ 104,475,000 | $ 400,000 | $ 206,000 |
| Macomb County Michigan | 255 | $ 92,965,000 | $ 364,000 | $ 167,000 |
| Barry County Michigan | 218 | $ 33,830,000 | $ 155,000 | $ 104,000 |
| Livingston County Michigan | 193 | $ 72,725,000 | $ 376,000 | $ 190,000 |
| Newaygo County Michigan | 170 | $ 28,220,000 | $ 166,000 | $ 118,000 |
| Montcalm County Michigan | 143 | $ 23,895,000 | $ 167,000 | $ 101,000 |
| Charlotte County Florida | 141 | $ 48,945,000 | $ 347,000 | $ 165,000 |
| Saginaw County Michigan | 132 | $ 22,770,000 | $ 172,000 | $ 103,000 |
| Genesee County Michigan | 128 | $ 28,030,000 | $ 218,000 | $ 141,000 |
| Van Buren County Michigan | 124 | $ 24,390,000 | $ 196,000 | $ 128,000 |
| Ionia County Michigan | 111 | $ 16,095,000 | $ 145,000 | $ 88,000 |
| Hillsborough County Florida | 99 | $ 56,225,000 | $ 567,000 | $ 300,000 |
| Leelanau County Michigan | 92 | $ 32,940,000 | $ 358,000 | $ 207,000 |
| Oceana County Michigan | 80 | $ 17,430,000 | $ 217,000 | $ 103,000 |
| Ingham County Michigan | 77 | $ 16,615,000 | $ 215,000 | $ 142,000 |
| Calhoun County Michigan | 68 | $ 10,830,000 | $ 159,000 | $ 107,000 |
| Mecosta County Michigan | 54 | $ 9,860,000 | $ 182,000 | $ 126,000 |
| Antrim County Michigan | 53 | $ 17,745,000 | $ 334,000 | $ 203,000 |
| Pinellas County Florida | 45 | $ 27,155,000 | $ 603,000 | $ 327,000 |
| Benzie County Michigan | 45 | $ 14,185,000 | $ 315,000 | $ 191,000 |
| Berrien County Michigan | 42 | $ 7,150,000 | $ 170,000 | $ 143,000 |
| Lapeer County Michigan | 42 | $ 13,630,000 | $ 324,000 | $ 156,000 |
| Charlevoix County Michigan | 41 | $ 14,455,000 | $ 352,000 | $ 268,000 |
| Sarasota County Florida | 39 | $ 26,215,000 | $ 672,000 | $ 145,000 |
| Jackson County Michigan | 38 | $ 6,750,000 | $ 177,000 | $ 143,000 |
| Manatee County Florida | 33 | $ 24,795,000 | $ 751,000 | $ 300,000 |
| Cook County Illinois | 32 | $ 20,940,000 | $ 654,000 | $ 283,000 |
| Pasco County Florida | 30 | $ 16,230,000 | $ 541,000 | $ 226,000 |
| St. Clair County Michigan | 30 | $ 8,080,000 | $ 269,000 | $ 130,000 |
| Wexford County Michigan | 30 | $ 5,490,000 | $ 183,000 | $ 85,000 |
| Bay County Michigan | 29 | $ 4,895,000 | $ 168,000 | $ 92,000 |
| Clinton County Michigan | 28 | $ 7,640,000 | $ 272,000 | $ 182,000 |
| Monroe County Michigan | 28 | $ 6,630,000 | $ 236,000 | $ 122,000 |
| Manistee County Michigan | 27 | $ 8,595,000 | $ 318,000 | $ 157,000 |
| Broward County Florida | 26 | $ 16,060,000 | $ 617,000 | $ 485,000 |
| Lake County Michigan | 26 | $ 4,050,000 | $ 155,000 | $ 201,000 |
| St. Joseph County Michigan | 25 | $ 4,115,000 | $ 164,000 | $ 96,000 |
| Kalkaska County Michigan | 22 | $ 5,360,000 | $ 243,000 | $ 111,000 |
| Mason County Michigan | 22 | $ 4,870,000 | $ 221,000 | $ 155,000 |
| Lake County Florida | 20 | $ 7,590,000 | $ 379,000 | $ 179,000 |
| Marion County Florida | 19 | $ 4,615,000 | $ 242,000 | $ 125,000 |
| Emmet County Michigan | 19 | $ 9,265,000 | $ 487,000 | $ 241,000 |
| Roscommon County Michigan | 19 | $ 2,975,000 | $ 156,000 | $ 159,000 |
| Cass County Michigan | 18 | $ 4,100,000 | $ 227,000 | $ 142,000 |
| Eaton County Michigan | 18 | $ 2,550,000 | $ 141,000 | $ 96,000 |
| Volusia County Florida | 16 | $ 6,220,000 | $ 388,000 | $ 198,000 |
| Clare County Michigan | 16 | $ 2,120,000 | $ 132,000 | $ 130,000 |
| Orange County Florida | 15 | $ 7,755,000 | $ 517,000 | $ 257,000 |
| Cuyahoga County Ohio | 15 | $ 7,475,000 | $ 498,000 | $ 290,000 |
| Midland County Michigan | 14 | $ 2,500,000 | $ 178,000 | $ 119,000 |
| Osceola County Michigan | 14 | $ 1,810,000 | $ 129,000 | $ 103,000 |
| Palm Beach County Florida | 13 | $ 4,855,000 | $ 373,000 | $ 225,000 |
| Cheboygan County Michigan | 13 | $ 2,535,000 | $ 195,000 | $ 162,000 |
| Shiawassee County Michigan | 12 | $ 2,860,000 | $ 238,000 | $ 169,000 |
| Miami-Dade County Florida | 11 | $ 11,565,000 | $ 1,051,000 | $ 643,000 |
| Iosco County Michigan | 10 | $ 2,280,000 | $ 228,000 | $ 166,000 |
| Duval County Florida | 9 | $ 4,125,000 | $ 458,000 | $ 235,000 |
| Otsego County Michigan | 9 | $ 1,865,000 | $ 207,000 | $ 137,000 |
| Monroe County Florida | 8 | $ 4,460,000 | $ 557,000 | $ 272,000 |
| Huron County Michigan | 8 | $ 2,070,000 | $ 258,000 | $ 158,000 |
| Lenawee County Michigan | 8 | $ 970,000 | $ 121,000 | $ 137,000 |
| Marquette County Michigan | 8 | $ 3,730,000 | $ 466,000 | $ 262,000 |
| Tuscola County Michigan | 8 | $ 1,620,000 | $ 202,000 | $ 124,000 |
| St. Johns County Florida | 7 | $ 3,495,000 | $ 499,000 | $ 277,000 |
| Sumter County Florida | 7 | $ 1,925,000 | $ 275,000 | $ 122,000 |
| Missaukee County Michigan | 7 | $ 1,145,000 | $ 163,000 | $ 169,000 |
| Franklin County Ohio | 7 | $ 2,905,000 | $ 415,000 | $ 151,000 |
| Polk County Florida | 6 | $ 2,780,000 | $ 463,000 | $ 241,000 |
| DuPage County Illinois | 6 | $ 6,700,000 | $ 1,116,000 | $ 484,000 |
| Allen County Indiana | 6 | $ 3,140,000 | $ 523,000 | $ 248,000 |
| Alpena County Michigan | 6 | $ 820,000 | $ 136,000 | $ 131,000 |
| Isabella County Michigan | 6 | $ 780,000 | $ 130,000 | $ 73,000 |
| Lucas County Ohio | 6 | $ 2,180,000 | $ 363,000 | $ 177,000 |
| Montgomery County Ohio | 6 | $ 1,170,000 | $ 195,000 | $ 59,000 |
| Dane County Wisconsin | 6 | $ 2,510,000 | $ 418,000 | $ 263,000 |
| Hernando County Florida | 5 | $ 1,265,000 | $ 253,000 | $ 94,000 |
| Marion County Indiana | 5 | $ 2,815,000 | $ 563,000 | $ 212,000 |
| Ogemaw County Michigan | 5 | $ 865,000 | $ 173,000 | $ 145,000 |
| Milwaukee County Wisconsin | 5 | $ 2,865,000 | $ 573,000 | $ 324,000 |
| Brevard County Florida | 4 | $ 1,560,000 | $ 390,000 | $ 330,000 |
| Citrus County Florida | 4 | $ 860,000 | $ 215,000 | $ 78,000 |
| Hendry County Florida | 4 | $ 1,250,000 | $ 312,000 | $ 112,000 |
| Martin County Florida | 4 | $ 2,450,000 | $ 612,000 | $ 465,000 |
| Osceola County Florida | 4 | $ 1,790,000 | $ 447,000 | $ 278,000 |
| Seminole County Florida | 4 | $ 1,410,000 | $ 352,000 | $ 197,000 |
| Hamilton County Indiana | 4 | $ 3,490,000 | $ 872,000 | $ 365,000 |
| Chippewa County Michigan | 4 | $ 630,000 | $ 157,000 | $ 90,000 |
| Crawford County Michigan | 4 | $ 720,000 | $ 180,000 | $ 120,000 |
| Gratiot County Michigan | 4 | $ 750,000 | $ 187,000 | $ 97,000 |
| Hillsdale County Michigan | 4 | $ 1,430,000 | $ 357,000 | $ 376,000 |
| Houghton County Michigan | 4 | $ 820,000 | $ 205,000 | $ 90,000 |
| Sanilac County Michigan | 4 | $ 610,000 | $ 152,000 | $ 171,000 |
| Alachua County Florida | 3 | $ 905,000 | $ 301,000 | $ 176,000 |
| Highlands County Florida | 3 | $ 935,000 | $ 311,000 | $ 184,000 |
| St. Lucie County Florida | 3 | $ 1,445,000 | $ 481,000 | $ 245,000 |
| Sangamon County Illinois | 3 | $ 925,000 | $ 308,000 | $ 183,000 |
| Elkhart County Indiana | 3 | $ 595,000 | $ 198,000 | $ 91,000 |
| St. Joseph County Indiana | 3 | $ 1,305,000 | $ 435,000 | $ 156,000 |
| Tippecanoe County Indiana | 3 | $ 745,000 | $ 248,000 | $ 664,000 |
| Alcona County Michigan | 3 | $ 455,000 | $ 151,000 | $ 142,000 |
| Branch County Michigan | 3 | $ 795,000 | $ 265,000 | $ 217,000 |
| Delta County Michigan | 3 | $ 1,025,000 | $ 341,000 | $ 220,000 |
| Gladwin County Michigan | 3 | $ 585,000 | $ 195,000 | $ 63,000 |
| Oscoda County Michigan | 3 | $ 525,000 | $ 175,000 | $ 95,000 |
| Brown County Wisconsin | 3 | $ 1,835,000 | $ 611,000 | $ 332,000 |
| Eau Claire County Wisconsin | 3 | $ 2,165,000 | $ 721,000 | $ 474,000 |
| Waukesha County Wisconsin | 3 | $ 1,585,000 | $ 528,000 | $ 282,000 |
| Bay County Florida | 2 | $ 1,470,000 | $ 735,000 | $ 297,000 |
| DeSoto County Florida | 2 | $ 590,000 | $ 295,000 | $ 76,000 |
| Leon County Florida | 2 | $ 780,000 | $ 390,000 | $ 276,000 |
| Nassau County Florida | 2 | $ 700,000 | $ 350,000 | $ 207,000 |
| Okaloosa County Florida | 2 | $ 1,790,000 | $ 895,000 | $ 300,000 |
| Lake County Illinois | 2 | $ 610,000 | $ 305,000 | $ 149,000 |
| McHenry County Illinois | 2 | $ 350,000 | $ 175,000 | $ 70,000 |
| Will County Illinois | 2 | $ 1,260,000 | $ 630,000 | $ 392,000 |
| Vanderburgh County Indiana | 2 | $ 550,000 | $ 275,000 | $ 67,000 |
| Vigo County Indiana | 2 | $ 930,000 | $ 465,000 | $ 287,000 |
| Baraga County Michigan | 2 | $ 290,000 | $ 145,000 | $ 56,000 |
| Dickinson County Michigan | 2 | $ 110,000 | $ 55,000 | $ 45,000 |
| Presque Isle County Michigan | 2 | $ 460,000 | $ 230,000 | $ 114,000 |
| Schoolcraft County Michigan | 2 | $ 390,000 | $ 195,000 | $ 215,000 |
| Butler County Ohio | 2 | $ 840,000 | $ 420,000 | $ 190,000 |
| Greene County Ohio | 2 | $ 2,080,000 | $ 1,040,000 | $ 355,000 |
| Hamilton County Ohio | 2 | $ 1,300,000 | $ 650,000 | $ 358,000 |
| Lake County Ohio | 2 | $ 780,000 | $ 390,000 | $ 159,000 |
| Marathon County Wisconsin | 2 | $ 1,180,000 | $ 590,000 | $ 436,000 |
| Winnebago County Wisconsin | 2 | $ 1,340,000 | $ 670,000 | $ 649,000 |
| Flagler County Florida | 1 | $ 495,000 | $ 495,000 | $ 104,000 |
| Gilchrist County Florida | 1 | $ 435,000 | $ 435,000 | $ 128,000 |
| Glades County Florida | 1 | $ 105,000 | $ 105,000 | $ 183,000 |
| Indian River County Florida | 1 | $ 275,000 | $ 275,000 | $ 103,000 |
| Jackson County Florida | 1 | $ 135,000 | $ 135,000 | $ 57,000 |
| Jefferson County Florida | 1 | $ 115,000 | $ 115,000 | $ 28,000 |
| Lafayette County Florida | 1 | $ 135,000 | $ 135,000 | $ 54,000 |
| Levy County Florida | 1 | $ 255,000 | $ 255,000 | $ 63,000 |
| Okeechobee County Florida | 1 | $ 95,000 | $ 95,000 | $ 151,000 |
| Putnam County Florida | 1 | $ 245,000 | $ 245,000 | $ 148,000 |
| Kane County Illinois | 1 | $ 175,000 | $ 175,000 | $ 135,000 |
| Kendall County Illinois | 1 | $ 455,000 | $ 455,000 | $ 235,000 |
| Peoria County Illinois | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Richland County Illinois | 1 | $ 195,000 | $ 195,000 | $ 153,000 |
| Tazewell County Illinois | 1 | $ 275,000 | $ 275,000 | $ 181,000 |
| Union County Illinois | 1 | $ 895,000 | $ 895,000 | $ 576,000 |
| Winnebago County Illinois | 1 | $ 325,000 | $ 325,000 | $ 350,000 |
| Hancock County Indiana | 1 | $ 525,000 | $ 525,000 | $ 600,000 |
| Hendricks County Indiana | 1 | $ 555,000 | $ 555,000 | $ 153,000 |
| Howard County Indiana | 1 | $ 135,000 | $ 135,000 | $ 23,000 |
| Kosciusko County Indiana | 1 | $ 325,000 | $ 325,000 | $ 104,000 |
| LaPorte County Indiana | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| Marshall County Indiana | 1 | $ 185,000 | $ 185,000 | $ 439,000 |
| Porter County Indiana | 1 | $ 365,000 | $ 365,000 | $ 190,000 |
| Alger County Michigan | 1 | $ 135,000 | $ 135,000 | $ 140,000 |
| Iron County Michigan | 1 | $ 85,000 | $ 85,000 | $ 117,000 |
| Keweenaw County Michigan | 1 | $ 305,000 | $ 305,000 | $ 437,000 |
| Mackinac County Michigan | 1 | $ 255,000 | $ 255,000 | $ 215,000 |
| Montmorency County Michigan | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Durham County North Carolina | 1 | $ 305,000 | $ 305,000 | $ 212,000 |
| Jackson County North Carolina | 1 | $ 545,000 | $ 545,000 | $ 208,000 |
| Union County North Carolina | 1 | $ 505,000 | $ 505,000 | $ 124,000 |
| Allen County Ohio | 1 | $ 55,000 | $ 55,000 | $ 114,000 |
| Athens County Ohio | 1 | $ 205,000 | $ 205,000 | $ 126,000 |
| Mahoning County Ohio | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Pickaway County Ohio | 1 | $ 315,000 | $ 315,000 | $ 61,000 |
| Portage County Ohio | 1 | $ 455,000 | $ 455,000 | $ 135,000 |
| Summit County Ohio | 1 | $ 465,000 | $ 465,000 | $ 236,000 |
| Trumbull County Ohio | 1 | $ 45,000 | $ 45,000 | $ 110,000 |
| Union County Ohio | 1 | $ 375,000 | $ 375,000 | $ 128,000 |
| Warren County Ohio | 1 | $ 525,000 | $ 525,000 | $ 331,000 |
| Wood County Ohio | 1 | $ 605,000 | $ 605,000 | $ 242,000 |
| Davidson County Tennessee | 1 | $ 885,000 | $ 885,000 | $ 264,000 |
| Knox County Tennessee | 1 | $ 865,000 | $ 865,000 | $ 615,000 |
| Summit County Utah | 1 | $ 1,505,000 | $ 1,505,000 | $ 2,240,000 |
| Chippewa County Wisconsin | 1 | $ 755,000 | $ 755,000 | $ 264,000 |
| Juneau County Wisconsin | 1 | $ 285,000 | $ 285,000 | $ 225,000 |
| Sheboygan County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 470,000 |
| Washington County Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Lake Michigan Credit Union in 2023
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 8,022 | $3,133,130,000 | $390,000 | $56,005,000 | $170,000 | $6,238,000 |
| Home Improvement | 3,670 | $254,650,000 | $69,000 | $655,000 | $126,000 | $1,896,000 |
| Other Purpose | 1,687 | $139,915,000 | $82,000 | $1,905,000 | $124,000 | $1,618,000 |
| Refinancing | 1,317 | $167,785,000 | $127,000 | $3,005,000 | $128,000 | $1,692,000 |
| Cash-out Refinancing | 343 | $112,655,000 | $328,000 | $5,005,000 | $152,000 | $2,099,000 |
| Not Applicable | 46 | $7,590,000 | $165,000 | $475,000 | $31,000 | $31,000 |
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 | 9,378 | $2,277,970,000 | $242,000 | $5,405,000 | $147,000 | $6,238,000 |
| Not Provided | 4,159 | $890,505,000 | $214,000 | $3,905,000 | $163,000 | $2,240,000 |
| Hispanic | 601 | $131,925,000 | $219,000 | $5,005,000 | $124,000 | $3,700,000 |
| Black or African American | 412 | $87,180,000 | $211,000 | $2,495,000 | $116,000 | $1,600,000 |
| Asian | 284 | $94,050,000 | $331,000 | $1,595,000 | $154,000 | $1,057,000 |
| Not applicable | 99 | $282,285,000 | $2,851,000 | $56,005,000 | $31,000 | $31,000 |
| American Indian or Alaskan Native | 45 | $12,185,000 | $270,000 | $1,885,000 | $152,000 | $1,318,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $780,000 | $97,000 | $215,000 | $123,000 | $290,000 |
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) | 14,492 | $3,673,220,000 | $253,000 | $56,005,000 | $152,000 | $6,238,000 |
| FHA-insured (Federal Housing Administration) | 447 | $99,275,000 | $222,000 | $615,000 | $82,000 | $277,000 |
| VA-guaranteed (Veterans Administration) | 113 | $36,405,000 | $322,000 | $755,000 | $113,000 | $548,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 33 | $6,825,000 | $206,000 | $345,000 | $76,000 | $141,000 |
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 | 11,117 | $2,928,205,000 | $263,000 | $45,005,000 | $153,000 | $6,238,000 |
| Application Withdrawn By Applicant | 1,696 | $566,180,000 | $333,000 | $56,005,000 | $162,000 | $3,700,000 |
| Application Denied By Financial Institution | 1,316 | $173,960,000 | $132,000 | $2,795,000 | $113,000 | $1,501,000 |
| File Closed For Incompleteness | 470 | $89,090,000 | $189,000 | $5,005,000 | $138,000 | $3,750,000 |
| Application Approved But Not Accepted | 440 | $50,700,000 | $115,000 | $1,365,000 | $137,000 | $1,692,000 |
| Loan Purchased By The Institution | 46 | $7,590,000 | $165,000 | $475,000 | $31,000 | $31,000 |
| 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 | 13,769 | $3,641,765,000 | $264,000 | $56,005,000 | $153,000 | $6,238,000 |
| Debt-To-Income Ratio | 518 | $72,210,000 | $139,000 | $2,795,000 | $70,000 | $445,000 |
| Collateral | 471 | $62,155,000 | $131,000 | $2,005,000 | $151,000 | $1,245,000 |
| Credit History | 172 | $17,220,000 | $100,000 | $1,355,000 | $104,000 | $617,000 |
| Other | 134 | $17,770,000 | $132,000 | $1,105,000 | $159,000 | $1,501,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $2,655,000 | $295,000 | $1,025,000 | $148,000 | $382,000 |
| Employment History | 8 | $1,450,000 | $181,000 | $365,000 | $57,000 | $120,000 |
| Unverifiable Information | 4 | $500,000 | $125,000 | $235,000 | $30,000 | $63,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Michigan Credit Union's 2023 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.
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with aggregated HMDA statistics today.