Mortgage 1 Incorporated Mortgage Lending & HMDA Data, 2025
In 2025, Mortgage 1 Incorporated of Sterling Heights, MI reported 4,717 mortgage applications totaling $1.2 billion, down 3% from 2024. The average application was for $249,960, and applicants reported an average income of $111,220. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,559), Grand Rapids-Wyoming, MI (549) and Detroit-Dearborn-Livonia, MI (544) (applications in parentheses).
| Mortgage Company & Address | Mortgage 1 Incorporated 43456 Mound Road Sterling Heights, MI 48314 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 |
| Total Number of Mortgage Applications | 4,717 |
| Total Mortgage Loan Application Amount | $1,179,065,000 |
| Average Mortgage Loan Application Amount | $249,960 |
| Highest Mortgage Loan Application Amount | $1,735,000 |
| Average Applicant Income | $111,220 |
| Highest Applicant Income | $2,739,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage 1 Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mortgage 1 Incorporated in 2025
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 | 3,754 | $919,390,000 | $244,000 | $1,475,000 | $106,000 | $1,206,000 |
| Refinancing | 530 | $149,720,000 | $282,000 | $1,735,000 | $129,000 | $1,285,000 |
| Cash-out Refinancing | 429 | $108,825,000 | $253,000 | $1,535,000 | $135,000 | $2,739,000 |
| Home Improvement | 4 | $1,130,000 | $282,000 | $345,000 | $105,000 | $128,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 3,800 | $960,960,000 | $252,000 | $1,735,000 | $114,000 | $2,739,000 |
| Not Provided | 341 | $85,895,000 | $251,000 | $1,005,000 | $108,000 | $1,206,000 |
| Black or African American | 266 | $55,030,000 | $206,000 | $745,000 | $88,000 | $386,000 |
| Hispanic | 211 | $48,535,000 | $230,000 | $575,000 | $92,000 | $380,000 |
| Asian | 61 | $19,705,000 | $323,000 | $1,295,000 | $129,000 | $505,000 |
| American Indian or Alaskan Native | 32 | $7,770,000 | $242,000 | $805,000 | $102,000 | $322,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,170,000 | $195,000 | $335,000 | $67,000 | $92,000 |
| 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) | 3,536 | $900,990,000 | $254,000 | $1,735,000 | $119,000 | $1,489,000 |
| FHA-insured (Federal Housing Administration) | 925 | $196,425,000 | $212,000 | $535,000 | $79,000 | $304,000 |
| VA-guaranteed (Veterans Administration) | 216 | $72,920,000 | $337,000 | $1,535,000 | $125,000 | $2,739,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 40 | $8,730,000 | $218,000 | $375,000 | $76,000 | $117,000 |
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 | 3,663 | $918,815,000 | $250,000 | $1,735,000 | $112,000 | $1,435,000 |
| Application Withdrawn By Applicant | 597 | $149,885,000 | $251,000 | $1,535,000 | $111,000 | $2,739,000 |
| Application Approved But Not Accepted | 216 | $50,400,000 | $233,000 | $765,000 | $105,000 | $700,000 |
| Preapproval Approved but not Accepted | 110 | $27,130,000 | $246,000 | $805,000 | $94,000 | $522,000 |
| Application Denied By Financial Institution | 89 | $21,815,000 | $245,000 | $1,475,000 | $109,000 | $1,489,000 |
| Preapproval Denied by Financial Institution | 34 | $8,720,000 | $256,000 | $805,000 | $73,000 | $210,000 |
| File Closed For Incompleteness | 8 | $2,300,000 | $287,000 | $585,000 | $118,000 | $279,000 |
| Loan Purchased By The 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 | 4,594 | $1,148,530,000 | $250,000 | $1,735,000 | $111,000 | $2,739,000 |
| Debt-To-Income Ratio | 44 | $11,520,000 | $261,000 | $1,355,000 | $86,000 | $490,000 |
| Collateral | 22 | $3,990,000 | $181,000 | $385,000 | $78,000 | $181,000 |
| Credit History | 20 | $5,000,000 | $250,000 | $745,000 | $90,000 | $237,000 |
| Other | 15 | $5,345,000 | $356,000 | $1,475,000 | $210,000 | $1,489,000 |
| Employment History | 12 | $2,280,000 | $190,000 | $405,000 | $50,000 | $97,000 |
| Unverifiable Information | 8 | $2,000,000 | $250,000 | $375,000 | $109,000 | $472,000 |
| Credit Application Incomplete | 1 | $225,000 | $225,000 | $225,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $175,000 | $175,000 | $175,000 | $165,000 | $165,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage 1 Incorporated's 2025 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 Mortgage 1 Incorporated'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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