Lake Michigan Credit Union Mortgage Lending & HMDA Data, 2011
In 2011, Lake Michigan Credit Union of Grand Rapids, MI reported 10,566 mortgage applications totaling $1.6 billion, down 2% from 2010. The average application was for $151,223, and applicants reported an average income of $92,689. 46% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Grand Rapids-Wyoming, MI (4,212), Holland-Grand Haven, MI (1,442) and Kalamazoo-Portage, MI (587) (applications in parentheses).
| 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 | 2025 2024 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 | 10,566 |
| Total Mortgage Loan Application Amount | $1,597,825,000 |
| Average Mortgage Loan Application Amount | $151,223 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $92,689 |
| Highest Applicant Income | $4,265,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lake Michigan Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Grand Rapids-Wyoming, MI | 4,212 | $ 532,163,000 | $ 126,344 | $ 83,000 |
| Holland-Grand Haven, MI | 1,442 | $ 198,382,000 | $ 137,574 | $ 85,000 |
| Kalamazoo-Portage, MI | 587 | $ 82,577,000 | $ 140,676 | $ 94,000 |
| Warren-Troy-Farmington Hills, MI | 507 | $ 86,782,000 | $ 171,167 | $ 112,000 |
| Columbus, OH | 228 | $ 46,066,000 | $ 202,043 | $ 111,000 |
| Detroit-Livonia-Dearborn, MI | 191 | $ 32,815,000 | $ 171,806 | $ 109,000 |
| Milwaukee-Waukesha-West Allis, WI | 185 | $ 39,237,000 | $ 212,091 | $ 108,000 |
| Philadelphia, PA | 177 | $ 42,757,000 | $ 241,564 | $ 91,000 |
| Muskegon-Norton Shores, MI | 162 | $ 20,576,000 | $ 127,012 | $ 91,000 |
| Raleigh-Cary, NC | 145 | $ 31,417,000 | $ 216,668 | $ 105,000 |
| Indianapolis-Carmel, IN | 121 | $ 19,248,000 | $ 159,074 | $ 106,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 118 | $ 22,701,000 | $ 192,381 | $ 103,898 |
| Cincinnati-Middletown, OH-KY-IN | 100 | $ 17,203,000 | $ 172,030 | $ 86,730 |
| Cleveland-Elyria-Mentor, OH | 96 | $ 25,418,000 | $ 264,770 | $ 121,000 |
| Lansing-East Lansing, MI | 88 | $ 13,658,000 | $ 155,204 | $ 105,000 |
| Richmond, VA | 87 | $ 20,620,000 | $ 237,011 | $ 108,000 |
| Ann Arbor, MI | 83 | $ 16,540,000 | $ 199,277 | $ 116,000 |
| Chicago-Joliet-Naperville, IL | 82 | $ 18,672,000 | $ 227,707 | $ 118,000 |
| Niles-Benton Harbor, MI | 77 | $ 9,831,000 | $ 127,675 | $ 71,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 65 | $ 19,062,000 | $ 293,261 | $ 235,400 |
| Augusta-Richmond County, GA-SC | 57 | $ 9,706,000 | $ 170,280 | $ 106,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 51 | $ 12,395,000 | $ 243,039 | $ 148,941 |
| Johnson City, TN | 44 | $ 7,773,000 | $ 176,659 | $ 105,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 33 | $ 9,210,000 | $ 279,090 | $ 146,636 |
| Durham-Chapel Hill, NC | 32 | $ 6,680,000 | $ 208,750 | $ 113,000 |
| Canton-Massillon, OH | 31 | $ 5,112,000 | $ 164,903 | $ 77,000 |
| Madison, WI | 31 | $ 5,117,000 | $ 165,064 | $ 99,000 |
| Memphis, TN-MS-AR | 30 | $ 6,305,000 | $ 210,166 | $ 124,000 |
| Saginaw-Saginaw Township North, MI | 29 | $ 3,533,000 | $ 121,827 | $ 84,000 |
| South Bend-Mishawaka, IN-MI | 25 | $ 2,752,000 | $ 110,080 | $ 82,080 |
| Bethesda-Rockville-Frederick, MD | 20 | $ 7,613,000 | $ 380,650 | $ 130,000 |
| Battle Creek, MI | 18 | $ 2,003,000 | $ 111,277 | $ 71,000 |
| Greenville, NC | 17 | $ 2,402,000 | $ 141,294 | $ 111,000 |
| Harrisonburg, VA | 15 | $ 3,017,000 | $ 201,133 | $ 73,000 |
| Wilmington, NC | 15 | $ 3,210,000 | $ 214,000 | $ 138,000 |
| Akron, OH | 14 | $ 3,375,000 | $ 241,071 | $ 92,000 |
| Bay City, MI | 14 | $ 1,671,000 | $ 119,357 | $ 69,000 |
| Camden, NJ | 14 | $ 3,889,000 | $ 277,785 | $ 116,000 |
| Edison-New Brunswick, NJ | 14 | $ 4,174,000 | $ 298,142 | $ 69,000 |
| Baltimore-Towson, MD | 13 | $ 4,485,000 | $ 345,000 | $ 107,000 |
| Flint, MI | 13 | $ 1,506,000 | $ 115,846 | $ 54,000 |
| Scranton--Wilkes-Barre, PA | 13 | $ 2,114,000 | $ 162,615 | $ 88,000 |
| Jackson, MI | 11 | $ 1,309,000 | $ 119,000 | $ 66,000 |
| Knoxville, TN | 11 | $ 2,808,000 | $ 255,272 | $ 196,000 |
| Columbia, SC | 9 | $ 1,827,000 | $ 203,000 | $ 73,000 |
| Ocean City, NJ | 9 | $ 3,025,000 | $ 336,111 | $ 152,000 |
| Racine, WI | 8 | $ 1,480,000 | $ 185,000 | $ 130,000 |
| Trenton-Ewing, NJ | 8 | $ 2,945,000 | $ 368,125 | $ 117,000 |
| Green Bay, WI | 7 | $ 907,000 | $ 129,571 | $ 61,000 |
| Kingsport-Bristol-Bristol, TN-VA | 7 | $ 1,505,000 | $ 215,000 | $ 121,000 |
| Monroe, MI | 7 | $ 790,000 | $ 112,857 | $ 61,000 |
| Wilmington, DE-MD-NJ | 7 | $ 1,713,000 | $ 244,714 | $ 71,571 |
| Youngstown-Warren-Boardman, OH-PA | 7 | $ 853,000 | $ 121,857 | $ 85,142 |
| Asheville, NC | 6 | $ 722,000 | $ 120,333 | $ 142,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 6 | $ 1,215,000 | $ 202,500 | $ 50,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 1,184,000 | $ 236,800 | $ 73,400 |
| Newark-Union, NJ-PA | 5 | $ 1,791,000 | $ 358,200 | $ 174,000 |
| Toledo, OH | 5 | $ 897,000 | $ 179,400 | $ 217,000 |
| Atlantic City-Hammonton, NJ | 4 | $ 965,000 | $ 241,250 | $ 37,000 |
| Dayton, OH | 4 | $ 801,000 | $ 200,250 | $ 137,000 |
| Rockford, IL | 4 | $ 449,000 | $ 112,250 | $ 60,000 |
| Columbus, IN | 3 | $ 495,000 | $ 165,000 | $ 103,000 |
| Duluth, MN-WI | 3 | $ 489,000 | $ 163,000 | $ 39,000 |
| Greensboro-High Point, NC | 3 | $ 555,000 | $ 185,000 | $ 93,000 |
| Janesville, WI | 3 | $ 402,000 | $ 134,000 | $ 24,000 |
| Roanoke, VA | 3 | $ 486,000 | $ 162,000 | $ 145,000 |
| Winston-Salem, NC | 3 | $ 422,000 | $ 140,666 | $ 50,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 439,000 | $ 219,500 | $ 117,500 |
| Appleton, WI | 2 | $ 543,000 | $ 271,500 | $ 177,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 534,000 | $ 267,000 | $ 107,000 |
| Burlington, NC | 2 | $ 298,000 | $ 149,000 | $ 85,000 |
| Elkhart-Goshen, IN | 2 | $ 137,000 | $ 68,500 | $ 64,000 |
| Fort Wayne, IN | 2 | $ 271,000 | $ 135,500 | $ 26,000 |
| Gary, IN | 2 | $ 350,000 | $ 175,000 | $ 78,000 |
| New York-White Plains-Wayne, NY-NJ | 2 | $ 908,000 | $ 454,000 | $ 170,000 |
| Oshkosh-Neenah, WI | 2 | $ 227,000 | $ 113,500 | $ 102,000 |
| Sheboygan, WI | 2 | $ 502,000 | $ 251,000 | $ 300,000 |
| Charlottesville, VA | 1 | $ 258,000 | $ 258,000 | $ 98,000 |
| Fayetteville, NC | 1 | $ 134,000 | $ 134,000 | $ 49,000 |
| Fond Du Lac, WI | 1 | $ 296,000 | $ 296,000 | $ 121,000 |
| Goldsboro, NC | 1 | $ 243,000 | $ 243,000 | $ 58,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 389,000 | $ 389,000 | $ 163,000 |
| Harrisburg-Carlisle, PA | 1 | $ 70,000 | $ 70,000 | $ 79,000 |
| Morristown, TN | 1 | $ 191,000 | $ 191,000 | $ 42,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 95,000 | $ 95,000 | $ 62,000 |
| Pittsburgh, PA | 1 | $ 128,000 | $ 128,000 | $ 70,000 |
| Reading, PA | 1 | $ 228,000 | $ 228,000 | $ 155,000 |
| Rocky Mount, NC | 1 | $ 171,000 | $ 171,000 | $ 140,000 |
| Wausau, WI | 1 | $ 263,000 | $ 263,000 | $ 92,000 |
| York-Hanover, PA | 1 | $ 109,000 | $ 109,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Lake Michigan Credit Union in 2011
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 | 6,186 | $990,077,000 | $160,000 | $1,350,000 | $97,000 | $4,265,000 |
| Home Purchase | 4,089 | $599,010,000 | $146,000 | $1,050,000 | $87,000 | $1,626,000 |
| Home Improvement | 291 | $8,738,000 | $30,000 | $417,000 | $81,000 | $662,000 |
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 | 8,861 | $1,363,880,000 | $153,000 | $1,350,000 | $94,000 | $4,265,000 |
| Not Provided | 1,125 | $144,885,000 | $128,000 | $911,000 | $93,000 | $1,056,000 |
| Black or African American | 190 | $25,454,000 | $133,000 | $909,000 | $69,000 | $199,000 |
| Hispanic | 188 | $27,291,000 | $145,000 | $556,000 | $77,000 | $434,000 |
| Asian | 175 | $31,444,000 | $179,000 | $750,000 | $90,000 | $744,000 |
| American Indian or Alaskan Native | 14 | $2,218,000 | $158,000 | $342,000 | $101,000 | $398,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $2,653,000 | $204,000 | $415,000 | $95,000 | $299,000 |
| 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) | 9,468 | $1,470,073,000 | $155,000 | $1,350,000 | $97,000 | $4,265,000 |
| FHA-insured (Federal Housing Administration) | 935 | $107,124,000 | $114,000 | $438,000 | $52,000 | $370,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 106 | $12,560,000 | $118,000 | $272,000 | $44,000 | $171,000 |
| VA-guaranteed (Veterans Administration) | 57 | $8,068,000 | $141,000 | $238,000 | $54,000 | $138,000 |
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 | 4,813 | $625,372,000 | $129,000 | $1,350,000 | $86,000 | $4,265,000 |
| Loan Purchased By The Institution | 3,797 | $726,406,000 | $191,000 | $1,050,000 | $107,000 | $2,037,000 |
| File Closed For Incompleteness | 589 | $77,118,000 | $130,000 | $664,000 | $93,000 | $2,100,000 |
| Application Denied By Financial Institution | 579 | $70,499,000 | $121,000 | $911,000 | $73,000 | $820,000 |
| Application Withdrawn By Applicant | 491 | $63,160,000 | $128,000 | $745,000 | $86,000 | $648,000 |
| Preapproval Denied by Financial Institution | 196 | $23,019,000 | $117,000 | $417,000 | $62,000 | $400,000 |
| Application Approved But Not Accepted | 51 | $6,492,000 | $127,000 | $407,000 | $84,000 | $265,000 |
| Preapproval Approved but not Accepted | 50 | $5,759,000 | $115,000 | $351,000 | $65,000 | $323,000 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 306 | $44,357,000 | $144,000 | $911,000 | $90,000 | $820,000 |
| Credit History | 162 | $15,504,000 | $95,000 | $688,000 | $60,000 | $543,000 |
| Credit Application Incomplete | 142 | $17,119,000 | $120,000 | $417,000 | $66,000 | $400,000 |
| Debt-To-Income Ratio | 118 | $11,188,000 | $94,000 | $482,000 | $42,000 | $214,000 |
| Employment History | 20 | $1,681,000 | $84,000 | $230,000 | $39,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $1,696,000 | $130,000 | $230,000 | $67,000 | $157,000 |
| Mortgage Insurance Denied | 6 | $1,039,000 | $173,000 | $244,000 | $65,000 | $90,000 |
| Unverifiable Information | 5 | $662,000 | $132,000 | $194,000 | $53,000 | $82,000 |
| Other | 3 | $272,000 | $90,000 | $165,000 | $35,000 | $54,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lake Michigan Credit Union's 2011 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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