Michigan First Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Michigan First 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 | Michigan First Credit Union 27000 Evergreen Lathrup Village, MI 48076 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 | 2,668 |
| Total Mortgage Loan Application Amount | $555,970,000 |
| Average Mortgage Loan Application Amount | $139,166 |
| Highest Mortgage Loan Application Amount | $1,715,000 |
| Average Applicant Income | $93,333 |
| Highest Applicant Income | $1,630,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Michigan First 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 Michigan First 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 Michigan First 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 Michigan First Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Michigan First 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 Michigan First 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 |
|---|---|---|---|---|
| Wayne County Michigan | 851 | $ 151,725,000 | $ 178,000 | $ 99,000 |
| Oakland County Michigan | 848 | $ 214,400,000 | $ 252,000 | $ 120,000 |
| Macomb County Michigan | 419 | $ 74,535,000 | $ 177,000 | $ 80,000 |
| Kent County Michigan | 116 | $ 19,290,000 | $ 166,000 | $ 71,000 |
| Livingston County Michigan | 79 | $ 21,425,000 | $ 271,000 | $ 137,000 |
| Washtenaw County Michigan | 62 | $ 14,980,000 | $ 241,000 | $ 139,000 |
| Ottawa County Michigan | 40 | $ 9,260,000 | $ 231,000 | $ 85,000 |
| Genesee County Michigan | 24 | $ 3,720,000 | $ 155,000 | $ 82,000 |
| St. Clair County Michigan | 19 | $ 4,275,000 | $ 225,000 | $ 135,000 |
| Monroe County Michigan | 18 | $ 4,020,000 | $ 223,000 | $ 93,000 |
| Ingham County Michigan | 14 | $ 2,110,000 | $ 150,000 | $ 73,000 |
| Lapeer County Michigan | 11 | $ 2,755,000 | $ 250,000 | $ 80,000 |
| Jackson County Michigan | 9 | $ 925,000 | $ 102,000 | $ 78,000 |
| Eaton County Michigan | 8 | $ 1,250,000 | $ 156,000 | $ 70,000 |
| Allegan County Michigan | 6 | $ 420,000 | $ 70,000 | $ 75,000 |
| Clinton County Michigan | 6 | $ 1,000,000 | $ 166,000 | $ 79,000 |
| Ionia County Michigan | 6 | $ 920,000 | $ 153,000 | $ 121,000 |
| Kalamazoo County Michigan | 6 | $ 760,000 | $ 126,000 | $ 103,000 |
| Muskegon County Michigan | 6 | $ 990,000 | $ 165,000 | $ 298,000 |
| Shiawassee County Michigan | 5 | $ 485,000 | $ 97,000 | $ 49,000 |
| Sarasota County Florida | 4 | $ 890,000 | $ 222,000 | $ 67,000 |
| Barry County Michigan | 4 | $ 1,120,000 | $ 280,000 | $ 97,000 |
| Cuyahoga County Ohio | 4 | $ 610,000 | $ 152,000 | $ 87,000 |
| Cheboygan County Michigan | 3 | $ 755,000 | $ 251,000 | $ 162,000 |
| Huron County Michigan | 3 | $ 525,000 | $ 175,000 | $ 123,000 |
| Lake County Michigan | 3 | $ 305,000 | $ 101,000 | $ 77,000 |
| Lenawee County Michigan | 3 | $ 335,000 | $ 111,000 | $ 50,000 |
| Mason County Michigan | 3 | $ 695,000 | $ 231,000 | $ 106,000 |
| Oceana County Michigan | 3 | $ 1,085,000 | $ 361,000 | $ 134,000 |
| Roscommon County Michigan | 3 | $ 185,000 | $ 61,000 | $ 51,000 |
| Flagler County Florida | 2 | $ 520,000 | $ 260,000 | $ 512,000 |
| Cook County Illinois | 2 | $ 400,000 | $ 200,000 | $ 242,000 |
| Hamilton County Indiana | 2 | $ 460,000 | $ 230,000 | $ 112,000 |
| Montgomery County Maryland | 2 | $ 310,000 | $ 155,000 | $ 100,000 |
| Bay County Michigan | 2 | $ 290,000 | $ 145,000 | $ 81,000 |
| Charlevoix County Michigan | 2 | $ 710,000 | $ 355,000 | $ 80,000 |
| Clare County Michigan | 2 | $ 240,000 | $ 120,000 | $ 57,000 |
| Grand Traverse County Michigan | 2 | $ 660,000 | $ 330,000 | $ 141,000 |
| Gratiot County Michigan | 2 | $ 300,000 | $ 150,000 | $ 126,000 |
| Iosco County Michigan | 2 | $ 360,000 | $ 180,000 | $ 262,000 |
| Otsego County Michigan | 2 | $ 290,000 | $ 145,000 | $ 115,000 |
| Presque Isle County Michigan | 2 | $ 440,000 | $ 220,000 | $ 276,000 |
| Sanilac County Michigan | 2 | $ 250,000 | $ 125,000 | $ 97,000 |
| St. Joseph County Michigan | 2 | $ 230,000 | $ 115,000 | $ 65,000 |
| Van Buren County Michigan | 2 | $ 400,000 | $ 200,000 | $ 76,000 |
| Flathead County Montana | 2 | $ 480,000 | $ 240,000 | $ 27,000 |
| Davidson County Tennessee | 2 | $ 1,220,000 | $ 610,000 | $ 200,000 |
| Arapahoe County Colorado | 1 | $ 625,000 | $ 625,000 | $ 230,000 |
| Grand County Colorado | 1 | $ 125,000 | $ 125,000 | $ 0 |
| District of Columbia County District Of Columbia | 1 | $ 155,000 | $ 155,000 | $ 335,000 |
| Brevard County Florida | 1 | $ 85,000 | $ 85,000 | $ 65,000 |
| Citrus County Florida | 1 | $ 225,000 | $ 225,000 | $ 298,000 |
| Hernando County Florida | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Lee County Florida | 1 | $ 225,000 | $ 225,000 | $ 153,000 |
| Manatee County Florida | 1 | $ 255,000 | $ 255,000 | $ 121,000 |
| Palm Beach County Florida | 1 | $ 225,000 | $ 225,000 | $ 180,000 |
| Pinellas County Florida | 1 | $ 205,000 | $ 205,000 | $ 75,000 |
| Sumter County Florida | 1 | $ 235,000 | $ 235,000 | $ 173,000 |
| Will County Illinois | 1 | $ 275,000 | $ 275,000 | $ 133,000 |
| Scott County Iowa | 1 | $ 325,000 | $ 325,000 | $ 362,000 |
| Shawnee County Kansas | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| Jefferson County Kentucky | 1 | $ 125,000 | $ 125,000 | $ 374,000 |
| Alcona County Michigan | 1 | $ 105,000 | $ 105,000 | $ 264,000 |
| Alpena County Michigan | 1 | $ 185,000 | $ 185,000 | $ 79,000 |
| Antrim County Michigan | 1 | $ 385,000 | $ 385,000 | $ 346,000 |
| Berrien County Michigan | 1 | $ 195,000 | $ 195,000 | $ 145,000 |
| Calhoun County Michigan | 1 | $ 135,000 | $ 135,000 | $ 87,000 |
| Chippewa County Michigan | 1 | $ 145,000 | $ 145,000 | $ 66,000 |
| Delta County Michigan | 1 | $ 305,000 | $ 305,000 | $ 356,000 |
| Emmet County Michigan | 1 | $ 705,000 | $ 705,000 | $ 310,000 |
| Hillsdale County Michigan | 1 | $ 105,000 | $ 105,000 | $ 93,000 |
| Kalkaska County Michigan | 1 | $ 235,000 | $ 235,000 | $ 147,000 |
| Mecosta County Michigan | 1 | $ 35,000 | $ 35,000 | $ 30,000 |
| Midland County Michigan | 1 | $ 195,000 | $ 195,000 | $ 266,000 |
| Missaukee County Michigan | 1 | $ 45,000 | $ 45,000 | $ 95,000 |
| Newaygo County Michigan | 1 | $ 75,000 | $ 75,000 | $ 213,000 |
| Oscoda County Michigan | 1 | $ 55,000 | $ 55,000 | $ 103,000 |
| Saginaw County Michigan | 1 | $ 105,000 | $ 105,000 | $ 69,000 |
| Carver County Minnesota | 1 | $ 265,000 | $ 265,000 | $ 87,000 |
| Stearns County Minnesota | 1 | $ 485,000 | $ 485,000 | $ 228,000 |
| Gloucester County New Jersey | 1 | $ 15,000 | $ 15,000 | $ 63,000 |
| Dare County North Carolina | 1 | $ 455,000 | $ 455,000 | $ 366,000 |
| Ottawa County Ohio | 1 | $ 225,000 | $ 225,000 | $ 325,000 |
| Allegheny County Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 150,000 |
| Mercer County Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 90,000 |
| Berkeley County South Carolina | 1 | $ 1,475,000 | $ 1,475,000 | $ 307,000 |
| Hickman County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 133,000 |
| Loudoun County Virginia | 1 | $ 545,000 | $ 545,000 | $ 366,000 |
| Prince William County Virginia | 1 | $ 365,000 | $ 365,000 | $ 78,000 |
| Pierce County Washington | 1 | $ 255,000 | $ 255,000 | $ 86,000 |
| Winnebago County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 231,000 |
Mortgage Loan Application Detail Totals for Michigan First 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 | 1,169 | $271,705,000 | $232,000 | $1,715,000 | $117,000 | $1,630,000 |
| Home Purchase | 1,054 | $219,130,000 | $207,000 | $995,000 | $92,000 | $1,062,000 |
| Cash-out Refinancing | 337 | $60,055,000 | $178,000 | $1,475,000 | $118,000 | $1,508,000 |
| Home Improvement | 90 | $3,360,000 | $37,000 | $125,000 | $86,000 | $720,000 |
| Other Purpose | 17 | $1,635,000 | $96,000 | $185,000 | $68,000 | $174,000 |
| Not Applicable | 1 | $85,000 | $85,000 | $85,000 | $79,000 | $79,000 |
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 | 1,576 | $364,650,000 | $231,000 | $1,715,000 | $117,000 | $1,630,000 |
| Black or African American | 707 | $107,745,000 | $152,000 | $845,000 | $81,000 | $520,000 |
| Not Provided | 169 | $31,025,000 | $183,000 | $995,000 | $95,000 | $423,000 |
| Hispanic | 151 | $36,175,000 | $239,000 | $655,000 | $102,000 | $339,000 |
| Asian | 43 | $10,575,000 | $245,000 | $1,205,000 | $133,000 | $1,356,000 |
| American Indian or Alaskan Native | 7 | $1,595,000 | $227,000 | $285,000 | $107,000 | $220,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $775,000 | $258,000 | $325,000 | $63,000 | $91,000 |
| 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) | 2,370 | $506,570,000 | $213,000 | $1,715,000 | $111,000 | $1,630,000 |
| FHA-insured (Federal Housing Administration) | 250 | $38,150,000 | $152,000 | $335,000 | $59,000 | $231,000 |
| VA-guaranteed (Veterans Administration) | 45 | $10,685,000 | $237,000 | $515,000 | $86,000 | $218,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $565,000 | $188,000 | $195,000 | $65,000 | $86,000 |
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 | 2,077 | $452,005,000 | $217,000 | $1,715,000 | $110,000 | $1,630,000 |
| Application Withdrawn By Applicant | 345 | $71,685,000 | $207,000 | $995,000 | $98,000 | $542,000 |
| Application Denied By Financial Institution | 197 | $22,235,000 | $112,000 | $1,205,000 | $65,000 | $335,000 |
| File Closed For Incompleteness | 26 | $5,060,000 | $194,000 | $395,000 | $106,000 | $222,000 |
| Application Approved But Not Accepted | 23 | $4,985,000 | $216,000 | $475,000 | $91,000 | $200,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $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 | 2,471 | $533,735,000 | $215,000 | $1,715,000 | $108,000 | $1,630,000 |
| Credit History | 64 | $3,170,000 | $49,000 | $225,000 | $67,000 | $335,000 |
| Debt-To-Income Ratio | 54 | $7,300,000 | $135,000 | $365,000 | $50,000 | $120,000 |
| Collateral | 40 | $5,750,000 | $143,000 | $1,205,000 | $78,000 | $178,000 |
| Other | 9 | $1,315,000 | $146,000 | $315,000 | $75,000 | $115,000 |
| Employment History | 9 | $1,295,000 | $143,000 | $325,000 | $62,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,700,000 | $212,000 | $395,000 | $85,000 | $171,000 |
| Unverifiable Information | 6 | $1,200,000 | $200,000 | $355,000 | $59,000 | $80,000 |
| Credit Application Incomplete | 6 | $380,000 | $63,000 | $105,000 | $90,000 | $158,000 |
| Mortgage Insurance Denied | 1 | $125,000 | $125,000 | $125,000 | $30,000 | $30,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Michigan First 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 Michigan First 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.