Home Point Financial Corporation
Mortgage Loan Application
Totals and Details
for 2021
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 Home Point Financial Corporation.
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 | Home Point Financial Corporation 1194 Oak Valley Drive, Suite 80 Ann Arbor, MI 48108 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 |
| Total Number of Mortgage Applications | 342,452 |
| Total Mortgage Loan Application Amount | $116,901,600,000 |
| Average Mortgage Loan Application Amount | $299,333 |
| Highest Mortgage Loan Application Amount | $8,445,000 |
| Average Applicant Income | $82,666 |
| Highest Applicant Income | $8,134,000 |
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 |
|---|---|---|---|---|
| Pawnee County Kansas | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Phillips County Kansas | 1 | $ 225,000 | $ 225,000 | $ 150,000 |
| Republic County Kansas | 1 | $ 395,000 | $ 395,000 | $ 148,000 |
| Rush County Kansas | 1 | $ 35,000 | $ 35,000 | $ 23,000 |
| Stafford County Kansas | 1 | $ 165,000 | $ 165,000 | $ 62,000 |
| Stanton County Kansas | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Washington County Kansas | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Butler County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 42,000 |
| Casey County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Clay County Kentucky | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Elliott County Kentucky | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Fulton County Kentucky | 1 | $ 105,000 | $ 105,000 | $ 52,000 |
| Hancock County Kentucky | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Harlan County Kentucky | 1 | $ 145,000 | $ 145,000 | $ 61,000 |
| Lee County Kentucky | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Livingston County Kentucky | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Lyon County Kentucky | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Martin County Kentucky | 1 | $ 65,000 | $ 65,000 | $ 0 |
| McCreary County Kentucky | 1 | $ 115,000 | $ 115,000 | $ 33,000 |
| Metcalfe County Kentucky | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Monroe County Kentucky | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Union County Kentucky | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Cameron County Louisiana | 1 | $ 245,000 | $ 245,000 | $ 86,000 |
| Catahoula County Louisiana | 1 | $ 185,000 | $ 185,000 | $ 77,000 |
| La Salle County Louisiana | 1 | $ 195,000 | $ 195,000 | $ 106,000 |
| Red River County Louisiana | 1 | $ 255,000 | $ 255,000 | $ 124,000 |
| Piscataquis County Maine | 1 | $ 255,000 | $ 255,000 | $ 89,000 |
| Alpena County Michigan | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Baraga County Michigan | 1 | $ 155,000 | $ 155,000 | $ 153,000 |
| Delta County Michigan | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Iron County Michigan | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Schoolcraft County Michigan | 1 | $ 105,000 | $ 105,000 | $ 67,000 |
| Chippewa County Minnesota | 1 | $ 65,000 | $ 65,000 | $ 31,000 |
| Fillmore County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 42,000 |
| Jackson County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Kittson County Minnesota | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Lake of the Woods County Minnesota | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Lincoln County Minnesota | 1 | $ 305,000 | $ 305,000 | $ 222,000 |
| Red Lake County Minnesota | 1 | $ 245,000 | $ 245,000 | $ 205,000 |
| Roseau County Minnesota | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Stevens County Minnesota | 1 | $ 195,000 | $ 195,000 | $ 126,000 |
| Yellow Medicine County Minnesota | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Calhoun County Mississippi | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Clarke County Mississippi | 1 | $ 465,000 | $ 465,000 | $ 106,000 |
| Clay County Mississippi | 1 | $ 485,000 | $ 485,000 | $ 138,000 |
| Franklin County Mississippi | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Jefferson County Mississippi | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Leake County Mississippi | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Montgomery County Mississippi | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Prentiss County Mississippi | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Scott County Mississippi | 1 | $ 165,000 | $ 165,000 | $ 52,000 |
| Tippah County Mississippi | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Chariton County Missouri | 1 | $ 145,000 | $ 145,000 | $ 128,000 |
| Dade County Missouri | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Daviess County Missouri | 1 | $ 155,000 | $ 155,000 | $ 108,000 |
| Douglas County Missouri | 1 | $ 155,000 | $ 155,000 | $ 100,000 |
| Mississippi County Missouri | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Ozark County Missouri | 1 | $ 185,000 | $ 185,000 | $ 39,000 |
| Putnam County Missouri | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Ralls County Missouri | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Reynolds County Missouri | 1 | $ 195,000 | $ 195,000 | $ 0 |
| St. Clair County Missouri | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
| Texas County Missouri | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Vernon County Missouri | 1 | $ 165,000 | $ 165,000 | $ 37,000 |
| Wayne County Missouri | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Worth County Missouri | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Fergus County Montana | 1 | $ 355,000 | $ 355,000 | $ 174,000 |
| Glacier County Montana | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Granite County Montana | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Meagher County Montana | 1 | $ 395,000 | $ 395,000 | $ 106,000 |
| Musselshell County Montana | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Prairie County Montana | 1 | $ 95,000 | $ 95,000 | $ 38,000 |
| Roosevelt County Montana | 1 | $ 395,000 | $ 395,000 | $ 284,000 |
| Sheridan County Montana | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Stillwater County Montana | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Sweet Grass County Montana | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Teton County Montana | 1 | $ 135,000 | $ 135,000 | $ 119,000 |
| Burt County Nebraska | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Butler County Nebraska | 1 | $ 285,000 | $ 285,000 | $ 77,000 |
| Colfax County Nebraska | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Deuel County Nebraska | 1 | $ 185,000 | $ 185,000 | $ 59,000 |
| Dundy County Nebraska | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Furnas County Nebraska | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Garfield County Nebraska | 1 | $ 175,000 | $ 175,000 | $ 41,000 |
| Kearney County Nebraska | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Nemaha County Nebraska | 1 | $ 125,000 | $ 125,000 | $ 107,000 |
| Sheridan County Nebraska | 1 | $ 175,000 | $ 175,000 | $ 132,000 |
| Stanton County Nebraska | 1 | $ 145,000 | $ 145,000 | $ 87,000 |
| Humboldt County Nevada | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Lander County Nevada | 1 | $ 275,000 | $ 275,000 | $ 56,000 |
| White Pine County Nevada | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Catron County New Mexico | 1 | $ 185,000 | $ 185,000 | $ 66,000 |
| McKinley County New Mexico | 1 | $ 215,000 | $ 215,000 | $ 383,000 |
| Socorro County New Mexico | 1 | $ 185,000 | $ 185,000 | $ 82,000 |
| Alleghany County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 269,000 |
| Hyde County North Carolina | 1 | $ 265,000 | $ 265,000 | $ 161,000 |
| Adams County North Dakota | 1 | $ 95,000 | $ 95,000 | $ 25,000 |
| Billings County North Dakota | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Cavalier County North Dakota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Divide County North Dakota | 1 | $ 185,000 | $ 185,000 | $ 51,000 |
| Eddy County North Dakota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Grant County North Dakota | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Hettinger County North Dakota | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Nelson County North Dakota | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Steele County North Dakota | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Fulton County Ohio | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Monroe County Ohio | 1 | $ 125,000 | $ 125,000 | $ 94,000 |
| Paulding County Ohio | 1 | $ 75,000 | $ 75,000 | $ 26,000 |
| Adair County Oklahoma | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Atoka County Oklahoma | 1 | $ 305,000 | $ 305,000 | $ 60,000 |
| Cotton County Oklahoma | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
| Craig County Oklahoma | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Dewey County Oklahoma | 1 | $ 175,000 | $ 175,000 | $ 133,000 |
| McIntosh County Oklahoma | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Sequoyah County Oklahoma | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Woods County Oklahoma | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Baker County Oregon | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Morrow County Oregon | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Greene County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 0 |
| McKean County Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Potter County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 112,000 |
| Calhoun County South Carolina | 1 | $ 145,000 | $ 145,000 | $ 45,000 |
| Dillon County South Carolina | 1 | $ 95,000 | $ 95,000 | $ 44,000 |
| Marion County South Carolina | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Clark County South Dakota | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Day County South Dakota | 1 | $ 385,000 | $ 385,000 | $ 125,000 |
| Hanson County South Dakota | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Hyde County South Dakota | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Potter County South Dakota | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Spink County South Dakota | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Haywood County Tennessee | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Johnson County Tennessee | 1 | $ 105,000 | $ 105,000 | $ 34,000 |
| Perry County Tennessee | 1 | $ 175,000 | $ 175,000 | $ 53,000 |
| Wayne County Tennessee | 1 | $ 325,000 | $ 325,000 | $ 166,000 |
| Baylor County Texas | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Bosque County Texas | 1 | $ 75,000 | $ 75,000 | $ 62,000 |
| Brewster County Texas | 1 | $ 365,000 | $ 365,000 | $ 113,000 |
| Carson County Texas | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Castro County Texas | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Clay County Texas | 1 | $ 345,000 | $ 345,000 | $ 83,000 |
| Delta County Texas | 1 | $ 135,000 | $ 135,000 | $ 46,000 |
| Donley County Texas | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Eastland County Texas | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Fisher County Texas | 1 | $ 125,000 | $ 125,000 | $ 88,000 |
| Foard County Texas | 1 | $ 235,000 | $ 235,000 | $ 566,000 |
| Gaines County Texas | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Garza County Texas | 1 | $ 415,000 | $ 415,000 | $ 341,000 |
| Hale County Texas | 1 | $ 145,000 | $ 145,000 | $ 119,000 |
| Hansford County Texas | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Houston County Texas | 1 | $ 115,000 | $ 115,000 | $ 42,000 |
| Hutchinson County Texas | 1 | $ 155,000 | $ 155,000 | $ 101,000 |
| Kenedy County Texas | 1 | $ 185,000 | $ 185,000 | $ 102,000 |
| Kimble County Texas | 1 | $ 425,000 | $ 425,000 | $ 149,000 |
| Knox County Texas | 1 | $ 115,000 | $ 115,000 | $ 114,000 |
| Live Oak County Texas | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Lynn County Texas | 1 | $ 415,000 | $ 415,000 | $ 114,000 |
| Marion County Texas | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| McCulloch County Texas | 1 | $ 115,000 | $ 115,000 | $ 45,000 |
| Oldham County Texas | 1 | $ 255,000 | $ 255,000 | $ 192,000 |
| Parmer County Texas | 1 | $ 145,000 | $ 145,000 | $ 78,000 |
| Real County Texas | 1 | $ 245,000 | $ 245,000 | $ 111,000 |
| Reeves County Texas | 1 | $ 205,000 | $ 205,000 | $ 0 |
| San Augustine County Texas | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Shackelford County Texas | 1 | $ 145,000 | $ 145,000 | $ 89,000 |
| Stephens County Texas | 1 | $ 105,000 | $ 105,000 | $ 61,000 |
| Terry County Texas | 1 | $ 85,000 | $ 85,000 | $ 54,000 |
| Wilbarger County Texas | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Zapata County Texas | 1 | $ 105,000 | $ 105,000 | $ 29,000 |
| Piute County Utah | 1 | $ 315,000 | $ 315,000 | $ 738,000 |
| Wayne County Utah | 1 | $ 525,000 | $ 525,000 | $ 210,000 |
| Grand Isle County Vermont | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Orange County Vermont | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Charlotte County Virginia | 1 | $ 135,000 | $ 135,000 | $ 110,000 |
| Covington County Virginia | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Cumberland County Virginia | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Emporia County Virginia | 1 | $ 105,000 | $ 105,000 | $ 49,000 |
| Galax County Virginia | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Highland County Virginia | 1 | $ 325,000 | $ 325,000 | $ 53,000 |
| Lunenburg County Virginia | 1 | $ 145,000 | $ 145,000 | $ 49,000 |
| Sussex County Virginia | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Columbia County Washington | 1 | $ 425,000 | $ 425,000 | $ 107,000 |
| Ferry County Washington | 1 | $ 205,000 | $ 205,000 | $ 50,000 |
| Gilmer County West Virginia | 1 | $ 265,000 | $ 265,000 | $ 133,000 |
| Mercer County West Virginia | 1 | $ 165,000 | $ 165,000 | $ 113,000 |
| Mingo County West Virginia | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Pleasants County West Virginia | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Pocahontas County West Virginia | 1 | $ 265,000 | $ 265,000 | $ 59,000 |
| Putnam County West Virginia | 1 | $ 75,000 | $ 75,000 | $ 108,000 |
| Wayne County West Virginia | 1 | $ 65,000 | $ 65,000 | $ 44,000 |
| Wyoming County West Virginia | 1 | $ 115,000 | $ 115,000 | $ 82,000 |
| Crawford County Wisconsin | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Jackson County Wisconsin | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Lafayette County Wisconsin | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Pepin County Wisconsin | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Trempealeau County Wisconsin | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Hot Springs County Wyoming | 1 | $ 205,000 | $ 205,000 | $ 230,000 |
| Park County Wyoming | 1 | $ 195,000 | $ 195,000 | $ 81,000 |
| Weston County Wyoming | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
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 Home Point Financial Corporation in 2021
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 | 150,921 | $50,660,765,000 | $335,000 | $1,975,000 | $131,000 | $8,134,000 |
| Home Purchase | 103,468 | $35,848,660,000 | $346,000 | $2,385,000 | $116,000 | $5,359,000 |
| Cash-out Refinancing | 84,600 | $29,348,840,000 | $346,000 | $8,445,000 | $129,000 | $8,108,000 |
| Home Improvement | 3,453 | $1,040,435,000 | $301,000 | $1,505,000 | $120,000 | $2,475,000 |
| Not Applicable | 9 | $2,735,000 | $303,000 | $485,000 | $0 | $0 |
| Other Purpose | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
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 | 150,087 | $50,877,455,000 | $338,000 | $8,445,000 | $127,000 | $7,093,000 |
| Not applicable | 71,001 | $21,851,365,000 | $307,000 | $1,325,000 | $0 | $0 |
| Not Provided | 41,948 | $15,310,930,000 | $364,000 | $1,945,000 | $133,000 | $4,680,000 |
| Asian | 35,541 | $14,349,045,000 | $403,000 | $1,615,000 | $150,000 | $8,134,000 |
| Hispanic | 29,042 | $9,760,680,000 | $336,000 | $2,385,000 | $96,000 | $7,700,000 |
| Black or African American | 13,246 | $4,160,170,000 | $314,000 | $1,625,000 | $94,000 | $1,766,000 |
| American Indian or Alaskan Native | 734 | $252,660,000 | $344,000 | $1,945,000 | $115,000 | $938,000 |
| Native Hawaiian or Other Pacific Islander | 651 | $262,865,000 | $403,000 | $1,195,000 | $109,000 | $569,000 |
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) | 288,007 | $99,844,025,000 | $346,000 | $8,445,000 | $137,000 | $8,134,000 |
| VA-guaranteed (Veterans Administration) | 27,061 | $9,801,035,000 | $362,000 | $2,385,000 | $73,000 | $2,406,000 |
| FHA-insured (Federal Housing Administration) | 23,902 | $6,572,730,000 | $274,000 | $1,535,000 | $63,000 | $601,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3,482 | $683,810,000 | $196,000 | $775,000 | $54,000 | $307,000 |
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 | 209,325 | $74,393,705,000 | $355,000 | $2,045,000 | $129,000 | $8,108,000 |
| Loan Purchased By The Institution | 71,002 | $21,851,810,000 | $307,000 | $1,325,000 | $0 | $0 |
| Application Withdrawn By Applicant | 22,777 | $7,657,325,000 | $336,000 | $8,445,000 | $120,000 | $2,879,000 |
| Application Denied By Financial Institution | 21,833 | $7,214,605,000 | $330,000 | $2,005,000 | $105,000 | $8,134,000 |
| File Closed For Incompleteness | 16,012 | $5,245,400,000 | $327,000 | $2,385,000 | $131,000 | $7,700,000 |
| Application Approved But Not Accepted | 997 | $334,575,000 | $335,000 | $1,585,000 | $109,000 | $696,000 |
| Preapproval Denied by Financial Institution | 327 | $126,845,000 | $387,000 | $995,000 | $66,000 | $255,000 |
| Preapproval Approved but not Accepted | 179 | $77,335,000 | $432,000 | $955,000 | $107,000 | $610,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 320,292 | $109,560,150,000 | $342,000 | $8,445,000 | $128,000 | $8,108,000 |
| Credit Application Incomplete | 8,476 | $2,722,320,000 | $321,000 | $1,585,000 | $117,000 | $1,688,000 |
| Debt-To-Income Ratio | 5,026 | $1,763,630,000 | $350,000 | $1,535,000 | $73,000 | $1,920,000 |
| Collateral | 2,803 | $928,845,000 | $331,000 | $1,615,000 | $127,000 | $2,528,000 |
| Credit History | 2,364 | $751,200,000 | $317,000 | $1,055,000 | $81,000 | $973,000 |
| Other | 1,735 | $583,555,000 | $336,000 | $2,005,000 | $122,000 | $8,134,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 750 | $247,420,000 | $329,000 | $1,215,000 | $117,000 | $2,441,000 |
| Unverifiable Information | 636 | $223,630,000 | $351,000 | $1,155,000 | $119,000 | $1,284,000 |
| Employment History | 370 | $120,850,000 | $326,000 | $825,000 | $81,000 | $535,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
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.