Michigan State University Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
Michigan State University Federal Credit Union 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 | Michigan State University Federal Credit Union 3777 West Road East Lansing, MI 48823 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 | 7,846 |
| Total Mortgage Loan Application Amount | $474,034,000 |
| Average Mortgage Loan Application Amount | $99,666 |
| Highest Mortgage Loan Application Amount | $1,380,000 |
| Average Applicant Income | $87,333 |
| Highest Applicant Income | $1,972,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 with Michigan State University Federal 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 State University Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2016 breaks down Michigan State University Federal 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 State University Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Michigan State University Federal 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 State University Federal Credit Union'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 |
|---|---|---|---|---|
| Ingham County Michigan | 1,880 | $ 138,985,000 | $ 73,000 | $ 85,000 |
| Oakland County Michigan | 854 | $ 58,069,000 | $ 67,000 | $ 98,000 |
| Wayne County Michigan | 659 | $ 12,056,000 | $ 18,000 | $ 61,000 |
| Eaton County Michigan | 621 | $ 41,072,000 | $ 66,000 | $ 78,000 |
| Macomb County Michigan | 579 | $ 12,323,000 | $ 21,000 | $ 72,000 |
| Clinton County Michigan | 503 | $ 48,828,000 | $ 97,000 | $ 100,000 |
| Kent County Michigan | 323 | $ 12,304,000 | $ 38,000 | $ 78,000 |
| Shiawassee County Michigan | 191 | $ 12,562,000 | $ 65,000 | $ 89,000 |
| Livingston County Michigan | 146 | $ 14,334,000 | $ 98,000 | $ 103,000 |
| Kalamazoo County Michigan | 128 | $ 3,852,000 | $ 30,000 | $ 75,000 |
| Washtenaw County Michigan | 117 | $ 8,680,000 | $ 74,000 | $ 90,000 |
| Ottawa County Michigan | 104 | $ 3,983,000 | $ 38,000 | $ 72,000 |
| Jackson County Michigan | 86 | $ 4,772,000 | $ 55,000 | $ 74,000 |
| Calhoun County Michigan | 82 | $ 2,925,000 | $ 35,000 | $ 67,000 |
| Genesee County Michigan | 69 | $ 2,811,000 | $ 40,000 | $ 90,000 |
| Allegan County Michigan | 62 | $ 2,634,000 | $ 42,000 | $ 82,000 |
| Ionia County Michigan | 58 | $ 4,803,000 | $ 82,000 | $ 88,000 |
| St. Clair County Michigan | 55 | $ 1,084,000 | $ 19,000 | $ 77,000 |
| Barry County Michigan | 45 | $ 1,615,000 | $ 35,000 | $ 81,000 |
| Muskegon County Michigan | 43 | $ 2,132,000 | $ 49,000 | $ 99,000 |
| Lapeer County Michigan | 35 | $ 1,269,000 | $ 36,000 | $ 71,000 |
| Berrien County Michigan | 34 | $ 2,600,000 | $ 76,000 | $ 92,000 |
| Van Buren County Michigan | 32 | $ 641,000 | $ 20,000 | $ 78,000 |
| Grand Traverse County Michigan | 29 | $ 3,104,000 | $ 107,000 | $ 110,000 |
| Montcalm County Michigan | 28 | $ 1,070,000 | $ 38,000 | $ 62,000 |
| Saginaw County Michigan | 25 | $ 682,000 | $ 27,000 | $ 74,000 |
| Gratiot County Michigan | 23 | $ 1,322,000 | $ 57,000 | $ 72,000 |
| St. Joseph County Michigan | 23 | $ 382,000 | $ 16,000 | $ 67,000 |
| Branch County Michigan | 21 | $ 381,000 | $ 18,000 | $ 69,000 |
| Antrim County Michigan | 19 | $ 1,556,000 | $ 81,000 | $ 119,000 |
| Isabella County Michigan | 19 | $ 1,169,000 | $ 61,000 | $ 99,000 |
| Newaygo County Michigan | 19 | $ 734,000 | $ 38,000 | $ 95,000 |
| Roscommon County Michigan | 18 | $ 1,464,000 | $ 81,000 | $ 107,000 |
| Mecosta County Michigan | 16 | $ 1,092,000 | $ 68,000 | $ 70,000 |
| Charlevoix County Michigan | 15 | $ 2,489,000 | $ 165,000 | $ 157,000 |
| Clare County Michigan | 14 | $ 646,000 | $ 46,000 | $ 75,000 |
| Kalkaska County Michigan | 14 | $ 514,000 | $ 36,000 | $ 73,000 |
| Midland County Michigan | 14 | $ 904,000 | $ 64,000 | $ 135,000 |
| Cass County Michigan | 13 | $ 156,000 | $ 12,000 | $ 103,000 |
| Hillsdale County Michigan | 13 | $ 622,000 | $ 47,000 | $ 84,000 |
| Lenawee County Michigan | 13 | $ 393,000 | $ 30,000 | $ 71,000 |
| Sanilac County Michigan | 13 | $ 602,000 | $ 46,000 | $ 69,000 |
| Monroe County Michigan | 12 | $ 263,000 | $ 21,000 | $ 63,000 |
| Cheboygan County Michigan | 11 | $ 357,000 | $ 32,000 | $ 79,000 |
| Otsego County Michigan | 11 | $ 401,000 | $ 36,000 | $ 107,000 |
| Bay County Michigan | 10 | $ 620,000 | $ 62,000 | $ 110,000 |
| Emmet County Michigan | 10 | $ 521,000 | $ 52,000 | $ 117,000 |
| Huron County Michigan | 10 | $ 488,000 | $ 48,000 | $ 109,000 |
| Manistee County Michigan | 10 | $ 1,112,000 | $ 111,000 | $ 101,000 |
| Mason County Michigan | 10 | $ 1,150,000 | $ 115,000 | $ 122,000 |
| Wexford County Michigan | 10 | $ 486,000 | $ 48,000 | $ 77,000 |
| Alpena County Michigan | 9 | $ 190,000 | $ 21,000 | $ 79,000 |
| Crawford County Michigan | 8 | $ 950,000 | $ 118,000 | $ 99,000 |
| Leelanau County Michigan | 8 | $ 648,000 | $ 81,000 | $ 137,000 |
| Tuscola County Michigan | 8 | $ 307,000 | $ 38,000 | $ 44,000 |
| Oceana County Michigan | 7 | $ 725,000 | $ 103,000 | $ 174,000 |
| Presque Isle County Michigan | 7 | $ 350,000 | $ 50,000 | $ 126,000 |
| Gladwin County Michigan | 6 | $ 260,000 | $ 43,000 | $ 94,000 |
| Lake County Michigan | 6 | $ 307,000 | $ 51,000 | $ 118,000 |
| Benzie County Michigan | 5 | $ 215,000 | $ 43,000 | $ 145,000 |
| Missaukee County Michigan | 5 | $ 243,000 | $ 48,000 | $ 57,000 |
| Chippewa County Michigan | 4 | $ 443,000 | $ 110,000 | $ 76,000 |
| Iosco County Michigan | 4 | $ 270,000 | $ 67,000 | $ 82,000 |
| Iron County Michigan | 4 | $ 82,000 | $ 20,000 | $ 143,000 |
| Marquette County Michigan | 4 | $ 404,000 | $ 101,000 | $ 186,000 |
| Ogemaw County Michigan | 4 | $ 170,000 | $ 42,000 | $ 87,000 |
| Osceola County Michigan | 4 | $ 158,000 | $ 39,000 | $ 80,000 |
| Arenac County Michigan | 3 | $ 112,000 | $ 37,000 | $ 59,000 |
| Mackinac County Michigan | 3 | $ 267,000 | $ 89,000 | $ 85,000 |
| Montmorency County Michigan | 3 | $ 64,000 | $ 21,000 | $ 81,000 |
| Oscoda County Michigan | 3 | $ 65,000 | $ 21,000 | $ 97,000 |
| Alcona County Michigan | 2 | $ 97,000 | $ 48,000 | $ 63,000 |
| Alger County Michigan | 2 | $ 324,000 | $ 162,000 | $ 153,000 |
| Delta County Michigan | 2 | $ 234,000 | $ 117,000 | $ 66,000 |
| Houghton County Michigan | 1 | $ 25,000 | $ 25,000 | $ 56,000 |
| Ontonagon County Michigan | 1 | $ 58,000 | $ 58,000 | $ 20,000 |
Mortgage Loan Application Detail Totals for Michigan State University Federal Credit Union 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 Improvement | 5,075 | $80,351,000 | $15,000 | $417,000 | $79,000 | $650,000 |
| Home Purchase | 1,494 | $208,048,000 | $139,000 | $775,000 | $82,000 | $571,000 |
| Refinancing | 1,277 | $185,635,000 | $145,000 | $1,380,000 | $101,000 | $1,972,000 |
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 | 4,376 | $338,230,000 | $77,000 | $698,000 | $89,000 | $1,972,000 |
| Not Provided | 2,702 | $79,925,000 | $29,000 | $775,000 | $75,000 | $650,000 |
| Black or African American | 321 | $17,391,000 | $54,000 | $416,000 | $77,000 | $500,000 |
| Hispanic | 208 | $11,940,000 | $57,000 | $413,000 | $86,000 | $513,000 |
| Asian | 137 | $14,945,000 | $109,000 | $800,000 | $82,000 | $429,000 |
| American Indian or Alaskan Native | 47 | $4,068,000 | $86,000 | $417,000 | $96,000 | $467,000 |
| Not applicable | 47 | $6,838,000 | $145,000 | $1,380,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 8 | $697,000 | $87,000 | $417,000 | $90,000 | $135,000 |
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) | 7,763 | $465,055,000 | $59,000 | $1,380,000 | $83,000 | $1,972,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 83 | $8,979,000 | $108,000 | $278,000 | $46,000 | $142,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 4,843 | $325,503,000 | $67,000 | $1,380,000 | $91,000 | $632,000 |
| Application Denied By Financial Institution | 1,485 | $27,039,000 | $18,000 | $470,000 | $59,000 | $467,000 |
| Application Approved But Not Accepted | 641 | $25,100,000 | $39,000 | $480,000 | $83,000 | $600,000 |
| Preapproval Denied by Financial Institution | 399 | $44,625,000 | $111,000 | $417,000 | $51,000 | $256,000 |
| Application Withdrawn By Applicant | 342 | $30,768,000 | $89,000 | $620,000 | $101,000 | $880,000 |
| File Closed For Incompleteness | 136 | $20,999,000 | $154,000 | $800,000 | $128,000 | $1,972,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 217 | $23,424,000 | $107,000 | $390,000 | $62,000 | $467,000 |
| Debt-To-Income Ratio | 203 | $23,994,000 | $118,000 | $417,000 | $40,000 | $187,000 |
| Employment History | 34 | $3,274,000 | $96,000 | $170,000 | $40,000 | $105,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 19 | $1,797,000 | $94,000 | $180,000 | $52,000 | $158,000 |
| Collateral | 15 | $2,160,000 | $144,000 | $470,000 | $86,000 | $293,000 |
| Other | 8 | $850,000 | $106,000 | $218,000 | $63,000 | $98,000 |
| Unverifiable Information | 1 | $51,000 | $51,000 | $51,000 | $32,000 | $32,000 |
| Credit Application Incomplete | 1 | $270,000 | $270,000 | $270,000 | $152,000 | $152,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Michigan State University Federal Credit Union'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 Michigan State University Federal 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.