Msu Federal Credit Union Mortgage Lending & HMDA Data, 2021

In 2021, Msu Federal Credit Union of East Lansing, MI reported 10,899 mortgage applications totaling $1.7 billion, up 2% from 2020. The average application was for $157,447, and applicants reported an average income of $101,177. 44% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Lansing-East Lansing, MI (4,171), Warren-Troy-Farmington Hills, MI (1,068) and Grand Rapids-Wyoming, MI (390) (applications in parentheses).

Mortgage Company & Address Msu Federal Credit Union
3777 West Road
East Lansing, MI 48823
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  2003  
Total Number of Mortgage Applications 10,899
Total Mortgage Loan Application Amount $1,716,025,000
Average Mortgage Loan Application Amount $157,447
Highest Mortgage Loan Application Amount $5,055,000
Average Applicant Income $101,177
Highest Applicant Income $1,963,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Msu Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Msu Federal Credit Union by County in 2021

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Ingham, Michigan 2,426 $ 297,750,000 $ 122,732 $ 100,000
Eaton, Michigan 815 $ 100,915,000 $ 123,822 $ 92,000
Oakland, Michigan 744 $ 116,010,000 $ 155,927 $ 140,000
Clinton, Michigan 669 $ 96,865,000 $ 144,790 $ 114,000
Shiawassee, Michigan 261 $ 31,645,000 $ 121,245 $ 92,000
Kent, Michigan 215 $ 44,365,000 $ 206,348 $ 143,000
Wayne, Michigan 206 $ 26,980,000 $ 130,970 $ 111,000
Macomb, Michigan 145 $ 21,215,000 $ 146,310 $ 128,000
Livingston, Michigan 141 $ 20,705,000 $ 146,843 $ 132,000
Grand Traverse, Michigan 129 $ 24,125,000 $ 187,015 $ 128,000
Genesee, Michigan 94 $ 12,850,000 $ 136,702 $ 120,000
Jackson, Michigan 86 $ 10,490,000 $ 121,976 $ 112,000
Ionia, Michigan 81 $ 10,745,000 $ 132,654 $ 106,000
Washtenaw, Michigan 76 $ 14,100,000 $ 185,526 $ 163,000
Ottawa, Michigan 61 $ 10,485,000 $ 171,885 $ 119,000
Calhoun, Michigan 59 $ 8,965,000 $ 151,949 $ 105,000
Kalamazoo, Michigan 44 $ 7,890,000 $ 179,318 $ 140,000
Allegan, Michigan 36 $ 6,480,000 $ 180,000 $ 114,000
Barry, Michigan 36 $ 3,660,000 $ 101,666 $ 104,000
Roscommon, Michigan 35 $ 3,855,000 $ 110,142 $ 108,000
Antrim, Michigan 33 $ 5,515,000 $ 167,121 $ 148,000
Montcalm, Michigan 33 $ 4,835,000 $ 146,515 $ 91,000
Muskegon, Michigan 30 $ 5,880,000 $ 196,000 $ 126,000
Gratiot, Michigan 27 $ 2,795,000 $ 103,518 $ 96,000
Leelanau, Michigan 27 $ 5,725,000 $ 212,037 $ 114,000
Clare, Michigan 26 $ 2,660,000 $ 102,307 $ 89,000
Mecosta, Michigan 23 $ 2,565,000 $ 111,521 $ 105,000
Lapeer, Michigan 20 $ 2,980,000 $ 149,000 $ 120,000
Saginaw, Michigan 20 $ 2,170,000 $ 108,500 $ 92,000
Benzie, Michigan 19 $ 3,175,000 $ 167,105 $ 98,000
Charlevoix, Michigan 19 $ 4,275,000 $ 225,000 $ 194,000
Lenawee, Michigan 18 $ 2,310,000 $ 128,333 $ 85,000
St. Clair, Michigan 18 $ 1,610,000 $ 89,444 $ 103,000
Branch, Michigan 16 $ 2,000,000 $ 125,000 $ 91,000
Midland, Michigan 16 $ 2,640,000 $ 165,000 $ 146,000
Newaygo, Michigan 15 $ 2,215,000 $ 147,666 $ 114,000
Monroe, Michigan 14 $ 1,250,000 $ 89,285 $ 119,000
Manistee, Michigan 13 $ 2,045,000 $ 157,307 $ 115,000
Otsego, Michigan 13 $ 1,555,000 $ 119,615 $ 159,000
Emmet, Michigan 11 $ 2,105,000 $ 191,363 $ 111,000
Isabella, Michigan 11 $ 1,185,000 $ 107,727 $ 92,000
Kalkaska, Michigan 11 $ 1,685,000 $ 153,181 $ 92,000
Sanilac, Michigan 11 $ 815,000 $ 74,090 $ 57,000
Wexford, Michigan 11 $ 1,105,000 $ 100,454 $ 65,000
Berrien, Michigan 10 $ 4,580,000 $ 458,000 $ 257,000
Crawford, Michigan 10 $ 1,330,000 $ 133,000 $ 112,000
Mason, Michigan 10 $ 1,420,000 $ 142,000 $ 89,000
Bay, Michigan 9 $ 1,165,000 $ 129,444 $ 130,000
Gladwin, Michigan 9 $ 1,185,000 $ 131,666 $ 94,000
Osceola, Michigan 9 $ 825,000 $ 91,666 $ 89,000
Van Buren, Michigan 9 $ 1,375,000 $ 152,777 $ 121,000
Cook, Illinois 8 $ 2,460,000 $ 307,500 $ 158,000
Iosco, Michigan 8 $ 990,000 $ 123,750 $ 145,000
Missaukee, Michigan 8 $ 860,000 $ 107,500 $ 140,000
Oceana, Michigan 8 $ 1,310,000 $ 163,750 $ 136,000
Hillsdale, Michigan 7 $ 645,000 $ 92,142 $ 132,000
Presque Isle, Michigan 7 $ 435,000 $ 62,142 $ 198,000
Cheboygan, Michigan 6 $ 1,160,000 $ 193,333 $ 185,000
Marquette, Michigan 6 $ 710,000 $ 118,333 $ 68,000
St. Joseph, Michigan 6 $ 830,000 $ 138,333 $ 100,000
Collier, Florida 5 $ 1,155,000 $ 231,000 $ 224,000
Lee, Florida 5 $ 885,000 $ 177,000 $ 107,000
Orange, Florida 5 $ 865,000 $ 173,000 $ 95,000
Alcona, Michigan 5 $ 995,000 $ 199,000 $ 164,000
Arenac, Michigan 5 $ 845,000 $ 169,000 $ 115,000
Cass, Michigan 5 $ 885,000 $ 177,000 $ 78,000
Ogemaw, Michigan 5 $ 595,000 $ 119,000 $ 97,000
Maricopa, Arizona 4 $ 1,610,000 $ 402,500 $ 250,000
Marion, Indiana 4 $ 1,470,000 $ 367,500 $ 127,000
Huron, Michigan 4 $ 430,000 $ 107,500 $ 178,000
Lake, Michigan 4 $ 290,000 $ 72,500 $ 140,000
Mackinac, Michigan 4 $ 460,000 $ 115,000 $ 67,000
Montmorency, Michigan 4 $ 380,000 $ 95,000 $ 85,000
Tuscola, Michigan 4 $ 500,000 $ 125,000 $ 55,000
Hillsborough, Florida 3 $ 755,000 $ 251,666 $ 99,000
Pasco, Florida 3 $ 695,000 $ 231,666 $ 118,000
Volusia, Florida 3 $ 565,000 $ 188,333 $ 181,000
Chippewa, Michigan 3 $ 245,000 $ 81,666 $ 83,000
Delta, Michigan 3 $ 335,000 $ 111,666 $ 58,000
Dickinson, Michigan 3 $ 675,000 $ 225,000 $ 261,000
Houghton, Michigan 3 $ 275,000 $ 91,666 $ 124,000
Luce, Michigan 3 $ 295,000 $ 98,333 $ 80,000
Wake, North Carolina 3 $ 935,000 $ 311,666 $ 152,000
Broomfield, Colorado 2 $ 430,000 $ 215,000 $ 93,000
Hernando, Florida 2 $ 240,000 $ 120,000 $ 120,000
Martin, Florida 2 $ 180,000 $ 90,000 $ 212,000
Miami-Dade, Florida 2 $ 200,000 $ 100,000 $ 33,000
Monroe, Florida 2 $ 1,130,000 $ 565,000 $ 268,000
Sumter, Florida 2 $ 380,000 $ 190,000 $ 77,000
DeKalb, Georgia 2 $ 260,000 $ 130,000 $ 121,000
Fulton, Georgia 2 $ 30,000 $ 15,000 $ 116,000
DuPage, Illinois 2 $ 610,000 $ 305,000 $ 136,000
St. Joseph, Indiana 2 $ 220,000 $ 110,000 $ 29,000
Baraga, Michigan 2 $ 230,000 $ 115,000 $ 47,000
Oscoda, Michigan 2 $ 100,000 $ 50,000 $ 78,000
Cuyahoga, Ohio 2 $ 320,000 $ 160,000 $ 76,000
Franklin, Ohio 2 $ 390,000 $ 195,000 $ 110,000
Montgomery, Pennsylvania 2 $ 370,000 $ 185,000 $ 176,000
Baldwin, Alabama 1 $ 55,000 $ 55,000 $ 88,000
Pima, Arizona 1 $ 25,000 $ 25,000 $ 60,000
Pinal, Arizona 1 $ 405,000 $ 405,000 $ 320,000
Adams, Colorado 1 $ 355,000 $ 355,000 $ 100,000
Denver, Colorado 1 $ 445,000 $ 445,000 $ 105,000
Mesa, Colorado 1 $ 265,000 $ 265,000 $ 93,000
District of Columbia, District Of Columbia 1 $ 15,000 $ 15,000 $ 141,000
Marion, Florida 1 $ 175,000 $ 175,000 $ 100,000
Nassau, Florida 1 $ 85,000 $ 85,000 $ 100,000
Palm Beach, Florida 1 $ 345,000 $ 345,000 $ 83,000
Pinellas, Florida 1 $ 165,000 $ 165,000 $ 97,000
Sarasota, Florida 1 $ 115,000 $ 115,000 $ 55,000
Clayton, Georgia 1 $ 205,000 $ 205,000 $ 50,000
Cobb, Georgia 1 $ 165,000 $ 165,000 $ 129,000
Coweta, Georgia 1 $ 165,000 $ 165,000 $ 209,000
Douglas, Georgia 1 $ 115,000 $ 115,000 $ 47,000
Fayette, Georgia 1 $ 105,000 $ 105,000 $ 140,000
Forsyth, Georgia 1 $ 35,000 $ 35,000 $ 125,000
Kendall, Illinois 1 $ 65,000 $ 65,000 $ 120,000
Lake, Illinois 1 $ 455,000 $ 455,000 $ 210,000
Woodford, Illinois 1 $ 285,000 $ 285,000 $ 152,000
Allen, Indiana 1 $ 125,000 $ 125,000 $ 100,000
Brown, Indiana 1 $ 305,000 $ 305,000 $ 110,000
DeKalb, Indiana 1 $ 145,000 $ 145,000 $ 51,000
Madison, Indiana 1 $ 165,000 $ 165,000 $ 90,000
Starke, Indiana 1 $ 45,000 $ 45,000 $ 40,000
Tippecanoe, Indiana 1 $ 195,000 $ 195,000 $ 127,000
Vanderburgh, Indiana 1 $ 385,000 $ 385,000 $ 226,000
Johnson, Kansas 1 $ 65,000 $ 65,000 $ 186,000
Iberville, Louisiana 1 $ 5,000 $ 5,000 $ 120,000
Harford, Maryland 1 $ 75,000 $ 75,000 $ 108,000
Montgomery, Maryland 1 $ 55,000 $ 55,000 $ 454,000
Middlesex, Massachusetts 1 $ 205,000 $ 205,000 $ 180,000
Alger, Michigan 1 $ 135,000 $ 135,000 $ 78,000
Alpena, Michigan 1 $ 155,000 $ 155,000 $ 377,000
Boone, Missouri 1 $ 155,000 $ 155,000 $ 91,000
Buncombe, North Carolina 1 $ 105,000 $ 105,000 $ 45,000
Durham, North Carolina 1 $ 185,000 $ 185,000 $ 70,000
Gaston, North Carolina 1 $ 65,000 $ 65,000 $ 119,000
Haywood, North Carolina 1 $ 65,000 $ 65,000 $ 80,000
Iredell, North Carolina 1 $ 65,000 $ 65,000 $ 215,000
Macon, North Carolina 1 $ 205,000 $ 205,000 $ 93,000
Mecklenburg, North Carolina 1 $ 55,000 $ 55,000 $ 230,000
Moore, North Carolina 1 $ 55,000 $ 55,000 $ 278,000
Orange, North Carolina 1 $ 205,000 $ 205,000 $ 202,000
Pender, North Carolina 1 $ 235,000 $ 235,000 $ 98,000
Pitt, North Carolina 1 $ 15,000 $ 15,000 $ 109,000
Union, North Carolina 1 $ 35,000 $ 35,000 $ 276,000
Allen, Ohio 1 $ 125,000 $ 125,000 $ 250,000
Delaware, Ohio 1 $ 55,000 $ 55,000 $ 90,000
Geauga, Ohio 1 $ 125,000 $ 125,000 $ 170,000
Hardin, Ohio 1 $ 135,000 $ 135,000 $ 83,000
Mahoning, Ohio 1 $ 305,000 $ 305,000 $ 116,000
Summit, Ohio 1 $ 155,000 $ 155,000 $ 62,000
Wayne, Ohio 1 $ 205,000 $ 205,000 $ 126,000
Bucks, Pennsylvania 1 $ 15,000 $ 15,000 $ 45,000
Centre, Pennsylvania 1 $ 265,000 $ 265,000 $ 212,000
Greenville, South Carolina 1 $ 35,000 $ 35,000 $ 62,000
Davidson, Tennessee 1 $ 125,000 $ 125,000 $ 144,000
Travis, Texas 1 $ 255,000 $ 255,000 $ 245,000
Rutland, Vermont 1 $ 55,000 $ 55,000 $ 86,000
Alexandria, Virginia 1 $ 135,000 $ 135,000 $ 100,000
Fairfax, Virginia 1 $ 645,000 $ 645,000 $ 265,000
Gloucester, Virginia 1 $ 345,000 $ 345,000 $ 224,000
Stevens, Washington 1 $ 335,000 $ 335,000 $ 180,000
Racine, Wisconsin 1 $ 255,000 $ 255,000 $ 110,000

Mortgage Loan Application Detail Totals for Msu Federal Credit Union 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
Home Purchase 5,237 $1,047,285,000 $199,000 $2,755,000 $90,000 $1,963,000
Other Purpose 2,836 $185,640,000 $65,000 $1,005,000 $116,000 $806,000
Cash-out Refinancing 1,567 $277,495,000 $177,000 $1,505,000 $106,000 $642,000
Refinancing 1,158 $189,160,000 $163,000 $5,055,000 $109,000 $807,000
Home Improvement 101 $16,445,000 $162,000 $425,000 $100,000 $345,000
Not Applicable 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 7,976 $1,233,820,000 $154,000 $2,485,000 $101,000 $1,141,000
Not Provided 1,375 $210,035,000 $152,000 $1,505,000 $113,000 $712,000
Black or African American 714 $104,080,000 $145,000 $925,000 $85,000 $675,000
Hispanic 400 $57,750,000 $144,000 $725,000 $89,000 $1,963,000
Asian 220 $39,530,000 $179,000 $495,000 $100,000 $740,000
American Indian or Alaskan Native 92 $14,690,000 $159,000 $765,000 $85,000 $331,000
Not applicable 45 $40,585,000 $901,000 $5,055,000 $0 $0
Native Hawaiian or Other Pacific Islander 10 $2,000,000 $200,000 $335,000 $115,000 $212,000

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) 10,899 $1,716,025,000 $157,000 $5,055,000 $101,000 $1,963,000
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 4,757 $655,735,000 $137,000 $5,055,000 $117,000 $1,141,000
Preapproval Approved but not Accepted 1,913 $420,635,000 $219,000 $2,485,000 $101,000 $696,000
File Closed For Incompleteness 1,484 $233,800,000 $157,000 $1,505,000 $97,000 $940,000
Preapproval Denied by Financial Institution 1,234 $193,900,000 $157,000 $1,705,000 $57,000 $1,963,000
Application Denied By Financial Institution 534 $67,590,000 $126,000 $1,005,000 $70,000 $650,000
Application Withdrawn By Applicant 534 $82,650,000 $154,000 $1,865,000 $99,000 $642,000
Application Approved But Not Accepted 443 $61,715,000 $139,000 $725,000 $115,000 $563,000
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 9,131 $1,454,535,000 $159,000 $5,055,000 $109,000 $1,141,000
Debt-To-Income Ratio 856 $142,300,000 $166,000 $1,705,000 $51,000 $592,000
Credit History 492 $64,660,000 $131,000 $455,000 $72,000 $1,963,000
Insufficient Cash (Downpayment, Closing Cost) 184 $23,890,000 $129,000 $465,000 $58,000 $170,000
Employment History 122 $16,060,000 $131,000 $605,000 $54,000 $270,000
Collateral 79 $8,715,000 $110,000 $445,000 $99,000 $650,000
Unverifiable Information 18 $3,650,000 $202,000 $805,000 $98,000 $600,000
Other 11 $1,265,000 $115,000 $505,000 $91,000 $394,000
Credit Application Incomplete 6 $950,000 $158,000 $495,000 $47,000 $145,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Msu Federal Credit Union'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 Msu 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.
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