Midwest Loan Solutions, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
Midwest Loan Solutions, Inc. 2016 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 | Midwest Loan Solutions, Inc. 29777 Telegraph Rd. Suite 3580 Southfield, MI 48034 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 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 | 247 |
| Total Mortgage Loan Application Amount | $35,966,000 |
| Average Mortgage Loan Application Amount | $159,333 |
| Highest Mortgage Loan Application Amount | $990,000 |
| Average Applicant Income | $91,333 |
| Highest Applicant Income | $689,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 with Midwest Loan Solutions, Inc.. 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 Midwest Loan Solutions, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2016 breaks down Midwest Loan Solutions, Inc.'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 Midwest Loan Solutions, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by Midwest Loan Solutions, Inc., 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 Midwest Loan Solutions, Inc.'s mortgage activity for 2016.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Allegheny County Pennsylvania | 64 | $ 8,525,000 | $ 133,000 | $ 80,000 |
| Westmoreland County Pennsylvania | 15 | $ 2,101,000 | $ 140,000 | $ 100,000 |
| Beaver County Pennsylvania | 14 | $ 1,680,000 | $ 120,000 | $ 93,000 |
| Marquette County Michigan | 12 | $ 1,067,000 | $ 88,000 | $ 79,000 |
| Lancaster County Pennsylvania | 9 | $ 903,000 | $ 100,000 | $ 84,000 |
| Washington County Pennsylvania | 8 | $ 1,181,000 | $ 147,000 | $ 64,000 |
| Houghton County Michigan | 6 | $ 879,000 | $ 146,000 | $ 82,000 |
| Montgomery County Pennsylvania | 5 | $ 1,117,000 | $ 223,000 | $ 121,000 |
| Philadelphia County Pennsylvania | 4 | $ 465,000 | $ 116,000 | $ 81,000 |
| Rockingham County Virginia | 4 | $ 728,000 | $ 182,000 | $ 66,000 |
| Wayne County Ohio | 3 | $ 341,000 | $ 113,000 | $ 60,000 |
| Armstrong County Pennsylvania | 3 | $ 435,000 | $ 145,000 | $ 65,000 |
| Los Angeles County California | 2 | $ 908,000 | $ 454,000 | $ 133,000 |
| Ventura County California | 2 | $ 798,000 | $ 399,000 | $ 106,000 |
| Manatee County Florida | 2 | $ 357,000 | $ 178,000 | $ 115,000 |
| Miami-Dade County Florida | 2 | $ 533,000 | $ 266,000 | $ 222,000 |
| Camden County New Jersey | 2 | $ 131,000 | $ 65,000 | $ 55,000 |
| Cape May County New Jersey | 2 | $ 252,000 | $ 126,000 | $ 67,000 |
| Iredell County North Carolina | 2 | $ 498,000 | $ 249,000 | $ 91,000 |
| New Hanover County North Carolina | 2 | $ 336,000 | $ 168,000 | $ 90,000 |
| Columbiana County Ohio | 2 | $ 175,000 | $ 87,000 | $ 57,000 |
| Butler County Pennsylvania | 2 | $ 299,000 | $ 149,000 | $ 74,000 |
| Delaware County Pennsylvania | 2 | $ 290,000 | $ 145,000 | $ 79,000 |
| Mifflin County Pennsylvania | 2 | $ 160,000 | $ 80,000 | $ 64,000 |
| Fresno County California | 1 | $ 110,000 | $ 110,000 | $ 80,000 |
| Santa Clara County California | 1 | $ 450,000 | $ 450,000 | $ 113,000 |
| Solano County California | 1 | $ 120,000 | $ 120,000 | $ 26,000 |
| Alachua County Florida | 1 | $ 47,000 | $ 47,000 | $ 80,000 |
| Lee County Florida | 1 | $ 180,000 | $ 180,000 | $ 66,000 |
| Okaloosa County Florida | 1 | $ 212,000 | $ 212,000 | $ 113,000 |
| Palm Beach County Florida | 1 | $ 65,000 | $ 65,000 | $ 53,000 |
| Pinellas County Florida | 1 | $ 102,000 | $ 102,000 | $ 42,000 |
| Sarasota County Florida | 1 | $ 285,000 | $ 285,000 | $ 79,000 |
| Baltimore City County Maryland | 1 | $ 129,000 | $ 129,000 | $ 101,000 |
| Baraga County Michigan | 1 | $ 90,000 | $ 90,000 | $ 139,000 |
| Cass County Michigan | 1 | $ 115,000 | $ 115,000 | $ 59,000 |
| Gogebic County Michigan | 1 | $ 63,000 | $ 63,000 | $ 20,000 |
| Ontonagon County Michigan | 1 | $ 90,000 | $ 90,000 | $ 62,000 |
| Washtenaw County Michigan | 1 | $ 171,000 | $ 171,000 | $ 135,000 |
| Wayne County Michigan | 1 | $ 100,000 | $ 100,000 | $ 60,000 |
| Rockingham County New Hampshire | 1 | $ 217,000 | $ 217,000 | $ 70,000 |
| Hudson County New Jersey | 1 | $ 189,000 | $ 189,000 | $ 99,000 |
| Mercer County New Jersey | 1 | $ 180,000 | $ 180,000 | $ 38,000 |
| Alamance County North Carolina | 1 | $ 143,000 | $ 143,000 | $ 55,000 |
| Buncombe County North Carolina | 1 | $ 84,000 | $ 84,000 | $ 36,000 |
| Davie County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 56,000 |
| Mecklenburg County North Carolina | 1 | $ 280,000 | $ 280,000 | $ 689,000 |
| Fairfield County Ohio | 1 | $ 143,000 | $ 143,000 | $ 61,000 |
| Hamilton County Ohio | 1 | $ 169,000 | $ 169,000 | $ 74,000 |
| Stark County Ohio | 1 | $ 132,000 | $ 132,000 | $ 65,000 |
| Summit County Ohio | 1 | $ 115,000 | $ 115,000 | $ 60,000 |
| Berks County Pennsylvania | 1 | $ 61,000 | $ 61,000 | $ 31,000 |
| Bucks County Pennsylvania | 1 | $ 70,000 | $ 70,000 | $ 27,000 |
| Centre County Pennsylvania | 1 | $ 208,000 | $ 208,000 | $ 99,000 |
| Crawford County Pennsylvania | 1 | $ 64,000 | $ 64,000 | $ 44,000 |
| Dauphin County Pennsylvania | 1 | $ 182,000 | $ 182,000 | $ 170,000 |
| Greene County Pennsylvania | 1 | $ 124,000 | $ 124,000 | $ 84,000 |
| Lehigh County Pennsylvania | 1 | $ 312,000 | $ 312,000 | $ 154,000 |
| Somerset County Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 143,000 |
| Culpeper County Virginia | 1 | $ 500,000 | $ 500,000 | $ 183,000 |
| Richmond City County Virginia | 1 | $ 185,000 | $ 185,000 | $ 160,000 |
| Stafford County Virginia | 1 | $ 268,000 | $ 268,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. in 2016
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 | 153 | $20,861,000 | $136,000 | $990,000 | $80,000 | $689,000 |
| Refinancing | 79 | $12,296,000 | $155,000 | $610,000 | $85,000 | $222,000 |
| Home Improvement | 15 | $2,809,000 | $187,000 | $500,000 | $109,000 | $207,000 |
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 | 181 | $26,802,000 | $148,000 | $610,000 | $88,000 | $689,000 |
| Not Provided | 36 | $4,170,000 | $115,000 | $300,000 | $70,000 | $170,000 |
| Black or African American | 15 | $2,436,000 | $162,000 | $990,000 | $92,000 | $370,000 |
| Asian | 7 | $1,280,000 | $182,000 | $450,000 | $51,000 | $113,000 |
| Hispanic | 6 | $1,019,000 | $169,000 | $298,000 | $56,000 | $75,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $169,000 | $169,000 | $169,000 | $74,000 | $74,000 |
| American Indian or Alaskan Native | 1 | $90,000 | $90,000 | $90,000 | $139,000 | $139,000 |
| 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) | 247 | $35,966,000 | $145,000 | $990,000 | $84,000 | $689,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 72 | $10,271,000 | $142,000 | $610,000 | $98,000 | $689,000 |
| Application Withdrawn By Applicant | 68 | $10,148,000 | $149,000 | $500,000 | $90,000 | $404,000 |
| Application Denied By Financial Institution | 48 | $7,142,000 | $148,000 | $410,000 | $70,000 | $370,000 |
| Preapproval Denied by Financial Institution | 38 | $5,412,000 | $142,000 | $990,000 | $64,000 | $193,000 |
| File Closed For Incompleteness | 21 | $2,993,000 | $142,000 | $399,000 | $77,000 | $142,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 3 | $571,000 | $190,000 | $245,000 | $56,000 | $102,000 |
| Employment History | 1 | $102,000 | $102,000 | $102,000 | $42,000 | $42,000 |
| Other | 1 | $990,000 | $990,000 | $990,000 | $176,000 | $176,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Loan Solutions, Inc.'s 2016 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 Midwest Loan Solutions, Inc.'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.