Midwest Loan Solutions, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Midwest Loan Solutions, Inc. of Southfield, MI reported 237 mortgage applications totaling $62.3 million, down 76% from 2020. The average application was for $263,016, and applicants reported an average income of $35,593. 68% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Chicago-Naperville, IL (16), Riverside-San Bernardino-Ontario, CA (14) and Warren-Troy-Farmington Hills, MI (14) (applications in parentheses).
| 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 | 237 |
| Total Mortgage Loan Application Amount | $62,335,000 |
| Average Mortgage Loan Application Amount | $263,016 |
| Highest Mortgage Loan Application Amount | $1,745,000 |
| Average Applicant Income | $35,593 |
| Highest Applicant Income | $147,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwest Loan Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 13 | $ 6,755,000 | $ 519,615 | $ 34,000 |
| Cook, Illinois | 12 | $ 3,020,000 | $ 251,666 | $ 32,000 |
| Orange, California | 11 | $ 5,695,000 | $ 517,727 | $ 41,000 |
| Riverside, California | 11 | $ 4,265,000 | $ 387,727 | $ 34,000 |
| Oakland, Michigan | 9 | $ 1,775,000 | $ 197,222 | $ 40,000 |
| Horry, South Carolina | 9 | $ 2,035,000 | $ 226,111 | $ 59,000 |
| Monmouth, New Jersey | 7 | $ 2,085,000 | $ 297,857 | $ 39,000 |
| Washtenaw, Michigan | 5 | $ 1,115,000 | $ 223,000 | $ 27,000 |
| San Diego, California | 4 | $ 2,380,000 | $ 595,000 | $ 29,000 |
| Lake, Illinois | 4 | $ 1,040,000 | $ 260,000 | $ 36,000 |
| Macomb, Michigan | 4 | $ 900,000 | $ 225,000 | $ 64,000 |
| Brown, Wisconsin | 4 | $ 580,000 | $ 145,000 | $ 25,000 |
| San Bernardino, California | 3 | $ 1,025,000 | $ 341,666 | $ 31,000 |
| Grand Traverse, Michigan | 3 | $ 595,000 | $ 198,333 | $ 46,000 |
| Wayne, Michigan | 3 | $ 365,000 | $ 121,666 | $ 16,000 |
| Bucks, Pennsylvania | 3 | $ 715,000 | $ 238,333 | $ 57,000 |
| Outagamie, Wisconsin | 3 | $ 415,000 | $ 138,333 | $ 36,000 |
| Mobile, Alabama | 2 | $ 240,000 | $ 120,000 | $ 21,000 |
| Alameda, California | 2 | $ 1,130,000 | $ 565,000 | $ 37,000 |
| Ventura, California | 2 | $ 1,000,000 | $ 500,000 | $ 36,000 |
| Arapahoe, Colorado | 2 | $ 660,000 | $ 330,000 | $ 35,000 |
| Douglas, Colorado | 2 | $ 770,000 | $ 385,000 | $ 67,000 |
| Jefferson, Colorado | 2 | $ 510,000 | $ 255,000 | $ 22,000 |
| District of Columbia, District Of Columbia | 2 | $ 710,000 | $ 355,000 | $ 13,000 |
| Cherokee, Georgia | 2 | $ 410,000 | $ 205,000 | $ 26,000 |
| DeKalb, Georgia | 2 | $ 410,000 | $ 205,000 | $ 15,000 |
| Fulton, Georgia | 2 | $ 870,000 | $ 435,000 | $ 31,000 |
| Gwinnett, Georgia | 2 | $ 480,000 | $ 240,000 | $ 23,000 |
| Jackson, Georgia | 2 | $ 550,000 | $ 275,000 | $ 21,000 |
| Union, Georgia | 2 | $ 570,000 | $ 285,000 | $ 21,000 |
| DuPage, Illinois | 2 | $ 400,000 | $ 200,000 | $ 33,000 |
| McHenry, Illinois | 2 | $ 290,000 | $ 145,000 | $ 44,000 |
| St. Tammany, Louisiana | 2 | $ 340,000 | $ 170,000 | $ 46,000 |
| Allegan, Michigan | 2 | $ 450,000 | $ 225,000 | $ 22,000 |
| Montmorency, Michigan | 2 | $ 230,000 | $ 115,000 | $ 24,000 |
| Douglas, Nebraska | 2 | $ 430,000 | $ 215,000 | $ 29,000 |
| Camden, New Jersey | 2 | $ 250,000 | $ 125,000 | $ 42,000 |
| Marion, Oregon | 2 | $ 320,000 | $ 160,000 | $ 45,000 |
| Berkeley, South Carolina | 2 | $ 180,000 | $ 90,000 | $ 20,000 |
| Dorchester, South Carolina | 2 | $ 330,000 | $ 165,000 | $ 37,000 |
| Lexington, South Carolina | 2 | $ 270,000 | $ 135,000 | $ 39,000 |
| Marion, South Carolina | 2 | $ 100,000 | $ 50,000 | $ 20,000 |
| Davidson, Tennessee | 2 | $ 430,000 | $ 215,000 | $ 53,000 |
| Berkeley, West Virginia | 2 | $ 260,000 | $ 130,000 | $ 26,000 |
| Waukesha, Wisconsin | 2 | $ 480,000 | $ 240,000 | $ 45,000 |
| Waupaca, Wisconsin | 2 | $ 400,000 | $ 200,000 | $ 29,000 |
| Baldwin, Alabama | 1 | $ 255,000 | $ 255,000 | $ 22,000 |
| Shelby, Alabama | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| Imperial, California | 1 | $ 155,000 | $ 155,000 | $ 43,000 |
| Napa, California | 1 | $ 375,000 | $ 375,000 | $ 23,000 |
| San Luis Obispo, California | 1 | $ 415,000 | $ 415,000 | $ 41,000 |
| Santa Clara, California | 1 | $ 575,000 | $ 575,000 | $ 14,000 |
| Shasta, California | 1 | $ 165,000 | $ 165,000 | $ 33,000 |
| Weld, Colorado | 1 | $ 145,000 | $ 145,000 | $ 20,000 |
| Brevard, Florida | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Broward, Florida | 1 | $ 155,000 | $ 155,000 | $ 30,000 |
| Duval, Florida | 1 | $ 85,000 | $ 85,000 | $ 13,000 |
| Hillsborough, Florida | 1 | $ 95,000 | $ 95,000 | $ 42,000 |
| Marion, Florida | 1 | $ 165,000 | $ 165,000 | $ 25,000 |
| Martin, Florida | 1 | $ 165,000 | $ 165,000 | $ 25,000 |
| Palm Beach, Florida | 1 | $ 225,000 | $ 225,000 | $ 23,000 |
| Sarasota, Florida | 1 | $ 275,000 | $ 275,000 | $ 36,000 |
| Murray, Georgia | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Muscogee, Georgia | 1 | $ 145,000 | $ 145,000 | $ 41,000 |
| Spalding, Georgia | 1 | $ 85,000 | $ 85,000 | $ 28,000 |
| Tippecanoe, Indiana | 1 | $ 85,000 | $ 85,000 | $ 24,000 |
| Orleans, Louisiana | 1 | $ 105,000 | $ 105,000 | $ 23,000 |
| Baltimore City, Maryland | 1 | $ 135,000 | $ 135,000 | $ 97,000 |
| Prince George's, Maryland | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| Alcona, Michigan | 1 | $ 295,000 | $ 295,000 | $ 38,000 |
| Barry, Michigan | 1 | $ 75,000 | $ 75,000 | $ 28,000 |
| Benzie, Michigan | 1 | $ 135,000 | $ 135,000 | $ 18,000 |
| Emmet, Michigan | 1 | $ 115,000 | $ 115,000 | $ 14,000 |
| Ionia, Michigan | 1 | $ 175,000 | $ 175,000 | $ 147,000 |
| Jackson, Michigan | 1 | $ 435,000 | $ 435,000 | $ 68,000 |
| Kalamazoo, Michigan | 1 | $ 125,000 | $ 125,000 | $ 26,000 |
| Livingston, Michigan | 1 | $ 115,000 | $ 115,000 | $ 44,000 |
| Marquette, Michigan | 1 | $ 155,000 | $ 155,000 | $ 26,000 |
| Monroe, Michigan | 1 | $ 225,000 | $ 225,000 | $ 27,000 |
| Oscoda, Michigan | 1 | $ 325,000 | $ 325,000 | $ 35,000 |
| Van Buren, Michigan | 1 | $ 85,000 | $ 85,000 | $ 14,000 |
| Hennepin, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 23,000 |
| Pearl River, Mississippi | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Cass, Missouri | 1 | $ 165,000 | $ 165,000 | $ 42,000 |
| Atlantic, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 30,000 |
| Bergen, New Jersey | 1 | $ 255,000 | $ 255,000 | $ 32,000 |
| Passaic, New Jersey | 1 | $ 265,000 | $ 265,000 | $ 36,000 |
| Somerset, New Jersey | 1 | $ 215,000 | $ 215,000 | $ 14,000 |
| Union, New Jersey | 1 | $ 275,000 | $ 275,000 | $ 30,000 |
| Carteret, North Carolina | 1 | $ 315,000 | $ 315,000 | $ 31,000 |
| Moore, North Carolina | 1 | $ 305,000 | $ 305,000 | $ 53,000 |
| New Hanover, North Carolina | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Stanly, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 56,000 |
| Franklin, Ohio | 1 | $ 215,000 | $ 215,000 | $ 26,000 |
| Crook, Oregon | 1 | $ 85,000 | $ 85,000 | $ 46,000 |
| Jefferson, Oregon | 1 | $ 235,000 | $ 235,000 | $ 15,000 |
| Delaware, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 32,000 |
| Philadelphia, Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| York, Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Cumberland, Tennessee | 1 | $ 135,000 | $ 135,000 | $ 62,000 |
| Rutherford, Tennessee | 1 | $ 285,000 | $ 285,000 | $ 22,000 |
| Dallas, Texas | 1 | $ 155,000 | $ 155,000 | $ 43,000 |
| Denton, Texas | 1 | $ 175,000 | $ 175,000 | $ 22,000 |
| Hays, Texas | 1 | $ 115,000 | $ 115,000 | $ 34,000 |
| Cache, Utah | 1 | $ 195,000 | $ 195,000 | $ 22,000 |
| Summit, Utah | 1 | $ 375,000 | $ 375,000 | $ 30,000 |
| Washington, Utah | 1 | $ 345,000 | $ 345,000 | $ 40,000 |
| Fauquier, Virginia | 1 | $ 315,000 | $ 315,000 | $ 27,000 |
| Fluvanna, Virginia | 1 | $ 135,000 | $ 135,000 | $ 51,000 |
| Frederick, Virginia | 1 | $ 205,000 | $ 205,000 | $ 28,000 |
| Benton, Washington | 1 | $ 135,000 | $ 135,000 | $ 29,000 |
| Thurston, Washington | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Harrison, West Virginia | 1 | $ 165,000 | $ 165,000 | $ 50,000 |
| Adams, Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 24,000 |
| Door, Wisconsin | 1 | $ 455,000 | $ 455,000 | $ 133,000 |
| Kewaunee, Wisconsin | 1 | $ 205,000 | $ 205,000 | $ 30,000 |
| Marquette, Wisconsin | 1 | $ 135,000 | $ 135,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. 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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 194 | $54,210,000 | $279,000 | $1,745,000 | $36,000 | $147,000 |
| Other Purpose | 24 | $4,920,000 | $205,000 | $545,000 | $29,000 | $91,000 |
| Home Purchase | 18 | $2,770,000 | $153,000 | $235,000 | $40,000 | $89,000 |
| Refinancing | 1 | $435,000 | $435,000 | $435,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 192 | $46,890,000 | $244,000 | $1,745,000 | $36,000 | $147,000 |
| Black or African American | 20 | $5,000,000 | $250,000 | $775,000 | $28,000 | $60,000 |
| Hispanic | 15 | $6,375,000 | $425,000 | $1,065,000 | $33,000 | $69,000 |
| Not Provided | 6 | $1,500,000 | $250,000 | $345,000 | $45,000 | $80,000 |
| Asian | 3 | $2,135,000 | $711,000 | $1,715,000 | $44,000 | $97,000 |
| Not applicable | 1 | $435,000 | $435,000 | $435,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 221 | $51,195,000 | $231,000 | $575,000 | $35,000 | $147,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 16 | $11,140,000 | $696,000 | $1,745,000 | $43,000 | $126,000 |
| 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 | 160 | $39,850,000 | $249,000 | $775,000 | $35,000 | $147,000 |
| Application Denied By Financial Institution | 48 | $14,640,000 | $305,000 | $1,745,000 | $35,000 | $126,000 |
| Application Withdrawn By Applicant | 21 | $6,355,000 | $302,000 | $1,065,000 | $43,000 | $80,000 |
| Application Approved But Not Accepted | 6 | $940,000 | $156,000 | $295,000 | $29,000 | $43,000 |
| File Closed For Incompleteness | 1 | $115,000 | $115,000 | $115,000 | $48,000 | $48,000 |
| Loan Purchased By The Institution | 1 | $435,000 | $435,000 | $435,000 | $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 | 189 | $47,695,000 | $252,000 | $1,065,000 | $36,000 | $147,000 |
| Collateral | 15 | $4,805,000 | $320,000 | $1,745,000 | $29,000 | $62,000 |
| Credit Application Incomplete | 11 | $2,325,000 | $211,000 | $375,000 | $36,000 | $119,000 |
| Other | 11 | $3,495,000 | $317,000 | $645,000 | $32,000 | $126,000 |
| Credit History | 7 | $3,235,000 | $462,000 | $1,715,000 | $48,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $360,000 | $180,000 | $225,000 | $74,000 | $97,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $22,000 | $22,000 |
| Debt-To-Income Ratio | 1 | $305,000 | $305,000 | $305,000 | $0 | $0 |
| Employment History | 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 2021 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.
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