Michigan State University Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Michigan State University Federal Credit Union 2023 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 | 7,418 |
| Total Mortgage Loan Application Amount | $1,372,870,000 |
| Average Mortgage Loan Application Amount | $168,400 |
| Highest Mortgage Loan Application Amount | $16,505,000 |
| Average Applicant Income | $119,600 |
| Highest Applicant Income | $5,120,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 1,208 | $ 144,780,000 | $ 119,000 | $ 107,000 |
| Oakland County Michigan | 526 | $ 99,670,000 | $ 189,000 | $ 149,000 |
| Eaton County Michigan | 422 | $ 48,490,000 | $ 114,000 | $ 109,000 |
| Clinton County Michigan | 329 | $ 45,945,000 | $ 139,000 | $ 125,000 |
| Wayne County Michigan | 152 | $ 19,630,000 | $ 129,000 | $ 123,000 |
| Kent County Michigan | 144 | $ 23,670,000 | $ 164,000 | $ 135,000 |
| Shiawassee County Michigan | 129 | $ 15,055,000 | $ 116,000 | $ 102,000 |
| Macomb County Michigan | 102 | $ 12,390,000 | $ 121,000 | $ 121,000 |
| Livingston County Michigan | 92 | $ 13,170,000 | $ 143,000 | $ 140,000 |
| Grand Traverse County Michigan | 91 | $ 18,735,000 | $ 205,000 | $ 159,000 |
| Jackson County Michigan | 57 | $ 6,395,000 | $ 112,000 | $ 121,000 |
| Genesee County Michigan | 54 | $ 5,650,000 | $ 104,000 | $ 124,000 |
| Washtenaw County Michigan | 54 | $ 28,570,000 | $ 529,000 | $ 173,000 |
| Calhoun County Michigan | 43 | $ 5,635,000 | $ 131,000 | $ 120,000 |
| Ionia County Michigan | 39 | $ 4,755,000 | $ 121,000 | $ 115,000 |
| Ottawa County Michigan | 38 | $ 5,820,000 | $ 153,000 | $ 146,000 |
| Kalamazoo County Michigan | 34 | $ 4,280,000 | $ 125,000 | $ 112,000 |
| Muskegon County Michigan | 32 | $ 6,160,000 | $ 192,000 | $ 164,000 |
| Barry County Michigan | 25 | $ 3,405,000 | $ 136,000 | $ 119,000 |
| Allegan County Michigan | 23 | $ 3,875,000 | $ 168,000 | $ 146,000 |
| Antrim County Michigan | 23 | $ 5,705,000 | $ 248,000 | $ 374,000 |
| Clare County Michigan | 23 | $ 2,175,000 | $ 94,000 | $ 134,000 |
| Roscommon County Michigan | 21 | $ 1,895,000 | $ 90,000 | $ 123,000 |
| Benzie County Michigan | 17 | $ 3,205,000 | $ 188,000 | $ 162,000 |
| Leelanau County Michigan | 17 | $ 3,105,000 | $ 182,000 | $ 116,000 |
| Montcalm County Michigan | 17 | $ 2,995,000 | $ 176,000 | $ 134,000 |
| Lapeer County Michigan | 16 | $ 2,080,000 | $ 130,000 | $ 120,000 |
| Saginaw County Michigan | 16 | $ 1,680,000 | $ 105,000 | $ 84,000 |
| Charlevoix County Michigan | 15 | $ 3,095,000 | $ 206,000 | $ 182,000 |
| Gratiot County Michigan | 15 | $ 2,455,000 | $ 163,000 | $ 110,000 |
| Bay County Michigan | 14 | $ 2,150,000 | $ 153,000 | $ 89,000 |
| Isabella County Michigan | 14 | $ 1,680,000 | $ 120,000 | $ 115,000 |
| Lenawee County Michigan | 14 | $ 1,980,000 | $ 141,000 | $ 144,000 |
| Otsego County Michigan | 14 | $ 1,860,000 | $ 132,000 | $ 151,000 |
| Emmet County Michigan | 12 | $ 3,630,000 | $ 302,000 | $ 249,000 |
| Hillsdale County Michigan | 12 | $ 1,390,000 | $ 115,000 | $ 124,000 |
| Newaygo County Michigan | 11 | $ 2,005,000 | $ 182,000 | $ 119,000 |
| Cook County Illinois | 10 | $ 5,430,000 | $ 543,000 | $ 291,000 |
| Manistee County Michigan | 10 | $ 1,630,000 | $ 163,000 | $ 145,000 |
| St. Clair County Michigan | 10 | $ 1,080,000 | $ 108,000 | $ 95,000 |
| Wexford County Michigan | 10 | $ 1,850,000 | $ 185,000 | $ 157,000 |
| Gladwin County Michigan | 9 | $ 1,135,000 | $ 126,000 | $ 124,000 |
| Iosco County Michigan | 9 | $ 1,625,000 | $ 180,000 | $ 130,000 |
| Monroe County Michigan | 9 | $ 1,745,000 | $ 193,000 | $ 111,000 |
| Branch County Michigan | 8 | $ 1,260,000 | $ 157,000 | $ 155,000 |
| Cheboygan County Michigan | 8 | $ 1,020,000 | $ 127,000 | $ 116,000 |
| Huron County Michigan | 8 | $ 1,600,000 | $ 200,000 | $ 140,000 |
| Mason County Michigan | 8 | $ 1,490,000 | $ 186,000 | $ 165,000 |
| Mecosta County Michigan | 8 | $ 720,000 | $ 90,000 | $ 96,000 |
| Midland County Michigan | 8 | $ 1,690,000 | $ 211,000 | $ 166,000 |
| Berrien County Michigan | 7 | $ 1,325,000 | $ 189,000 | $ 129,000 |
| Kalkaska County Michigan | 7 | $ 1,115,000 | $ 159,000 | $ 121,000 |
| Pinellas County Florida | 6 | $ 3,160,000 | $ 526,000 | $ 257,000 |
| Crawford County Michigan | 6 | $ 940,000 | $ 156,000 | $ 159,000 |
| Oceana County Michigan | 6 | $ 1,480,000 | $ 246,000 | $ 108,000 |
| Maricopa County Arizona | 5 | $ 2,105,000 | $ 421,000 | $ 175,000 |
| Broward County Florida | 5 | $ 1,015,000 | $ 203,000 | $ 124,000 |
| Alcona County Michigan | 5 | $ 885,000 | $ 177,000 | $ 126,000 |
| Osceola County Michigan | 5 | $ 835,000 | $ 167,000 | $ 122,000 |
| Tuscola County Michigan | 5 | $ 485,000 | $ 97,000 | $ 63,000 |
| Van Buren County Michigan | 5 | $ 545,000 | $ 109,000 | $ 120,000 |
| Collier County Florida | 4 | $ 1,240,000 | $ 310,000 | $ 551,000 |
| Dickinson County Michigan | 4 | $ 790,000 | $ 197,000 | $ 151,000 |
| Marquette County Michigan | 4 | $ 1,000,000 | $ 250,000 | $ 96,000 |
| Montmorency County Michigan | 4 | $ 570,000 | $ 142,000 | $ 82,000 |
| St. Joseph County Michigan | 4 | $ 340,000 | $ 85,000 | $ 117,000 |
| Manatee County Florida | 3 | $ 835,000 | $ 278,000 | $ 159,000 |
| Allen County Indiana | 3 | $ 765,000 | $ 255,000 | $ 143,000 |
| Cass County Michigan | 3 | $ 435,000 | $ 145,000 | $ 85,000 |
| Delta County Michigan | 3 | $ 115,000 | $ 38,000 | $ 163,000 |
| Houghton County Michigan | 3 | $ 385,000 | $ 128,000 | $ 133,000 |
| Lake County Michigan | 3 | $ 535,000 | $ 178,000 | $ 108,000 |
| Mackinac County Michigan | 3 | $ 695,000 | $ 231,000 | $ 124,000 |
| Missaukee County Michigan | 3 | $ 325,000 | $ 108,000 | $ 158,000 |
| Beaufort County South Carolina | 3 | $ 1,345,000 | $ 448,000 | $ 346,000 |
| Fairfax County Virginia | 3 | $ 925,000 | $ 308,000 | $ 265,000 |
| Baldwin County Alabama | 2 | $ 620,000 | $ 310,000 | $ 344,000 |
| Los Angeles County California | 2 | $ 70,000 | $ 35,000 | $ 217,000 |
| San Diego County California | 2 | $ 610,000 | $ 305,000 | $ 202,000 |
| Citrus County Florida | 2 | $ 440,000 | $ 220,000 | $ 156,000 |
| Hernando County Florida | 2 | $ 570,000 | $ 285,000 | $ 144,000 |
| Lee County Florida | 2 | $ 550,000 | $ 275,000 | $ 109,000 |
| Marion County Florida | 2 | $ 210,000 | $ 105,000 | $ 88,000 |
| Miami-Dade County Florida | 2 | $ 690,000 | $ 345,000 | $ 165,000 |
| Monroe County Florida | 2 | $ 470,000 | $ 235,000 | $ 90,000 |
| Hamilton County Indiana | 2 | $ 530,000 | $ 265,000 | $ 110,000 |
| Kosciusko County Indiana | 2 | $ 880,000 | $ 440,000 | $ 181,000 |
| Hardin County Kentucky | 2 | $ 450,000 | $ 225,000 | $ 146,000 |
| Penobscot County Maine | 2 | $ 50,000 | $ 25,000 | $ 152,000 |
| Alpena County Michigan | 2 | $ 120,000 | $ 60,000 | $ 95,000 |
| Iron County Michigan | 2 | $ 250,000 | $ 125,000 | $ 87,000 |
| Ogemaw County Michigan | 2 | $ 300,000 | $ 150,000 | $ 141,000 |
| Oscoda County Michigan | 2 | $ 170,000 | $ 85,000 | $ 72,000 |
| Presque Isle County Michigan | 2 | $ 410,000 | $ 205,000 | $ 87,000 |
| Sanilac County Michigan | 2 | $ 350,000 | $ 175,000 | $ 291,000 |
| Hennepin County Minnesota | 2 | $ 840,000 | $ 420,000 | $ 183,000 |
| Boone County Missouri | 2 | $ 580,000 | $ 290,000 | $ 120,000 |
| St. Louis County Missouri | 2 | $ 350,000 | $ 175,000 | $ 90,000 |
| Brunswick County North Carolina | 2 | $ 910,000 | $ 455,000 | $ 129,000 |
| New Hanover County North Carolina | 2 | $ 160,000 | $ 80,000 | $ 41,000 |
| Wake County North Carolina | 2 | $ 520,000 | $ 260,000 | $ 254,000 |
| Cuyahoga County Ohio | 2 | $ 320,000 | $ 160,000 | $ 125,000 |
| Franklin County Ohio | 2 | $ 710,000 | $ 355,000 | $ 97,000 |
| Hamilton County Ohio | 2 | $ 360,000 | $ 180,000 | $ 228,000 |
| Luzerne County Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 200,000 |
| Somerset County Pennsylvania | 2 | $ 300,000 | $ 150,000 | $ 126,000 |
| Greenville County South Carolina | 2 | $ 200,000 | $ 100,000 | $ 124,000 |
| Davidson County Tennessee | 2 | $ 780,000 | $ 390,000 | $ 223,000 |
| Frederick County Virginia | 2 | $ 680,000 | $ 340,000 | $ 88,000 |
| Madison County Virginia | 2 | $ 630,000 | $ 315,000 | $ 223,000 |
| DeKalb County Alabama | 1 | $ 405,000 | $ 405,000 | $ 560,000 |
| Mohave County Arizona | 1 | $ 235,000 | $ 235,000 | $ 100,000 |
| Yavapai County Arizona | 1 | $ 75,000 | $ 75,000 | $ 94,000 |
| Arapahoe County Colorado | 1 | $ 645,000 | $ 645,000 | $ 219,000 |
| Douglas County Colorado | 1 | $ 1,085,000 | $ 1,085,000 | $ 424,000 |
| Jefferson County Colorado | 1 | $ 525,000 | $ 525,000 | $ 194,000 |
| Bay County Florida | 1 | $ 335,000 | $ 335,000 | $ 206,000 |
| Brevard County Florida | 1 | $ 1,025,000 | $ 1,025,000 | $ 746,000 |
| Hillsborough County Florida | 1 | $ 35,000 | $ 35,000 | $ 154,000 |
| Lake County Florida | 1 | $ 405,000 | $ 405,000 | $ 137,000 |
| Osceola County Florida | 1 | $ 205,000 | $ 205,000 | $ 41,000 |
| Pasco County Florida | 1 | $ 45,000 | $ 45,000 | $ 190,000 |
| Polk County Florida | 1 | $ 155,000 | $ 155,000 | $ 78,000 |
| Sarasota County Florida | 1 | $ 155,000 | $ 155,000 | $ 245,000 |
| Volusia County Florida | 1 | $ 195,000 | $ 195,000 | $ 66,000 |
| Fulton County Georgia | 1 | $ 55,000 | $ 55,000 | $ 375,000 |
| Hall County Georgia | 1 | $ 175,000 | $ 175,000 | $ 70,000 |
| Harris County Georgia | 1 | $ 25,000 | $ 25,000 | $ 145,000 |
| Jasper County Georgia | 1 | $ 135,000 | $ 135,000 | $ 49,000 |
| Oconee County Georgia | 1 | $ 415,000 | $ 415,000 | $ 151,000 |
| Whitfield County Georgia | 1 | $ 345,000 | $ 345,000 | $ 325,000 |
| Ada County Idaho | 1 | $ 105,000 | $ 105,000 | $ 307,000 |
| Lake County Illinois | 1 | $ 185,000 | $ 185,000 | $ 84,000 |
| Madison County Illinois | 1 | $ 265,000 | $ 265,000 | $ 82,000 |
| McLean County Illinois | 1 | $ 225,000 | $ 225,000 | $ 147,000 |
| Will County Illinois | 1 | $ 145,000 | $ 145,000 | $ 65,000 |
| Adams County Indiana | 1 | $ 15,000 | $ 15,000 | $ 73,000 |
| Elkhart County Indiana | 1 | $ 85,000 | $ 85,000 | $ 110,000 |
| Lake County Indiana | 1 | $ 375,000 | $ 375,000 | $ 126,000 |
| Marion County Indiana | 1 | $ 75,000 | $ 75,000 | $ 43,000 |
| Steuben County Indiana | 1 | $ 275,000 | $ 275,000 | $ 105,000 |
| Howard County Maryland | 1 | $ 65,000 | $ 65,000 | $ 204,000 |
| Alger County Michigan | 1 | $ 85,000 | $ 85,000 | $ 147,000 |
| Arenac County Michigan | 1 | $ 105,000 | $ 105,000 | $ 64,000 |
| Chippewa County Michigan | 1 | $ 255,000 | $ 255,000 | $ 238,000 |
| Keweenaw County Michigan | 1 | $ 105,000 | $ 105,000 | $ 248,000 |
| Luce County Michigan | 1 | $ 95,000 | $ 95,000 | $ 274,000 |
| Menominee County Michigan | 1 | $ 75,000 | $ 75,000 | $ 54,000 |
| Schoolcraft County Michigan | 1 | $ 155,000 | $ 155,000 | $ 51,000 |
| Jackson County Minnesota | 1 | $ 105,000 | $ 105,000 | $ 55,000 |
| Ramsey County Minnesota | 1 | $ 405,000 | $ 405,000 | $ 146,000 |
| Nodaway County Missouri | 1 | $ 135,000 | $ 135,000 | $ 118,000 |
| Middlesex County New Jersey | 1 | $ 245,000 | $ 245,000 | $ 41,000 |
| Chatham County North Carolina | 1 | $ 335,000 | $ 335,000 | $ 151,000 |
| Cherokee County North Carolina | 1 | $ 435,000 | $ 435,000 | $ 204,000 |
| Davie County North Carolina | 1 | $ 35,000 | $ 35,000 | $ 140,000 |
| Durham County North Carolina | 1 | $ 545,000 | $ 545,000 | $ 275,000 |
| Jackson County North Carolina | 1 | $ 325,000 | $ 325,000 | $ 120,000 |
| Montgomery County North Carolina | 1 | $ 135,000 | $ 135,000 | $ 125,000 |
| Rutherford County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 269,000 |
| Union County North Carolina | 1 | $ 95,000 | $ 95,000 | $ 60,000 |
| Butler County Ohio | 1 | $ 475,000 | $ 475,000 | $ 162,000 |
| Jefferson County Ohio | 1 | $ 405,000 | $ 405,000 | $ 200,000 |
| Lucas County Ohio | 1 | $ 535,000 | $ 535,000 | $ 218,000 |
| Portage County Ohio | 1 | $ 285,000 | $ 285,000 | $ 122,000 |
| Wayne County Ohio | 1 | $ 135,000 | $ 135,000 | $ 51,000 |
| Deschutes County Oregon | 1 | $ 545,000 | $ 545,000 | $ 139,000 |
| Lane County Oregon | 1 | $ 475,000 | $ 475,000 | $ 251,000 |
| Multnomah County Oregon | 1 | $ 685,000 | $ 685,000 | $ 320,000 |
| Union County Oregon | 1 | $ 245,000 | $ 245,000 | $ 83,000 |
| Chester County Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 250,000 |
| Lehigh County Pennsylvania | 1 | $ 415,000 | $ 415,000 | $ 187,000 |
| Montgomery County Pennsylvania | 1 | $ 805,000 | $ 805,000 | $ 375,000 |
| Montour County Pennsylvania | 1 | $ 435,000 | $ 435,000 | $ 186,000 |
| Philadelphia County Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Westmoreland County Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 180,000 |
| Lancaster County South Carolina | 1 | $ 335,000 | $ 335,000 | $ 216,000 |
| Richland County South Carolina | 1 | $ 15,000 | $ 15,000 | $ 200,000 |
| Claiborne County Tennessee | 1 | $ 255,000 | $ 255,000 | $ 100,000 |
| Cumberland County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 68,000 |
| Madison County Tennessee | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
| Maury County Tennessee | 1 | $ 25,000 | $ 25,000 | $ 105,000 |
| Montgomery County Tennessee | 1 | $ 165,000 | $ 165,000 | $ 89,000 |
| Rutherford County Tennessee | 1 | $ 245,000 | $ 245,000 | $ 106,000 |
| Williamson County Tennessee | 1 | $ 525,000 | $ 525,000 | $ 201,000 |
| Collin County Texas | 1 | $ 95,000 | $ 95,000 | $ 340,000 |
| Albemarle County Virginia | 1 | $ 305,000 | $ 305,000 | $ 181,000 |
| Carroll County Virginia | 1 | $ 65,000 | $ 65,000 | $ 47,000 |
| Loudoun County Virginia | 1 | $ 845,000 | $ 845,000 | $ 341,000 |
| Montgomery County Virginia | 1 | $ 315,000 | $ 315,000 | $ 193,000 |
| Clark County Washington | 1 | $ 435,000 | $ 435,000 | $ 192,000 |
| Pierce County Washington | 1 | $ 535,000 | $ 535,000 | $ 147,000 |
| Florence County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 146,000 |
| La Crosse County Wisconsin | 1 | $ 245,000 | $ 245,000 | $ 73,000 |
| Milwaukee County Wisconsin | 1 | $ 185,000 | $ 185,000 | $ 342,000 |
Mortgage Loan Application Detail Totals for Michigan State University Federal Credit Union in 2023
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 | 4,525 | $1,082,445,000 | $239,000 | $8,075,000 | $113,000 | $1,988,000 |
| Other Purpose | 2,339 | $196,165,000 | $83,000 | $16,505,000 | $121,000 | $1,406,000 |
| Cash-out Refinancing | 359 | $69,075,000 | $192,000 | $4,755,000 | $133,000 | $5,120,000 |
| Home Improvement | 144 | $13,040,000 | $90,000 | $1,005,000 | $124,000 | $718,000 |
| Refinancing | 51 | $12,145,000 | $238,000 | $4,005,000 | $107,000 | $469,000 |
| 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 | 5,367 | $967,715,000 | $180,000 | $2,805,000 | $117,000 | $1,988,000 |
| Not Provided | 883 | $150,705,000 | $170,000 | $1,505,000 | $127,000 | $717,000 |
| Black or African American | 462 | $77,820,000 | $168,000 | $1,145,000 | $95,000 | $403,000 |
| Hispanic | 319 | $47,535,000 | $149,000 | $1,145,000 | $98,000 | $1,049,000 |
| Asian | 207 | $50,625,000 | $244,000 | $1,525,000 | $142,000 | $5,120,000 |
| American Indian or Alaskan Native | 69 | $10,545,000 | $152,000 | $805,000 | $111,000 | $901,000 |
| Not applicable | 30 | $47,770,000 | $1,592,000 | $16,505,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,060,000 | $132,000 | $235,000 | $61,000 | $79,000 |
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) | 7,418 | $1,372,870,000 | $185,000 | $16,505,000 | $117,000 | $5,120,000 |
| 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 | 2,762 | $444,980,000 | $161,000 | $8,075,000 | $136,000 | $5,120,000 |
| Preapproval Approved but not Accepted | 1,782 | $454,920,000 | $255,000 | $2,375,000 | $123,000 | $1,988,000 |
| Preapproval Denied by Financial Institution | 1,040 | $196,030,000 | $188,000 | $1,125,000 | $69,000 | $400,000 |
| File Closed For Incompleteness | 909 | $153,955,000 | $169,000 | $2,805,000 | $114,000 | $1,294,000 |
| Application Denied By Financial Institution | 444 | $44,520,000 | $100,000 | $865,000 | $85,000 | $527,000 |
| Application Withdrawn By Applicant | 271 | $54,775,000 | $202,000 | $16,505,000 | $112,000 | $737,000 |
| Application Approved But Not Accepted | 210 | $23,690,000 | $112,000 | $805,000 | $136,000 | $717,000 |
| 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 | 5,934 | $1,132,320,000 | $190,000 | $16,505,000 | $127,000 | $5,120,000 |
| Debt-To-Income Ratio | 839 | $156,325,000 | $186,000 | $1,125,000 | $65,000 | $527,000 |
| Credit History | 333 | $43,055,000 | $129,000 | $485,000 | $83,000 | $337,000 |
| Employment History | 100 | $13,380,000 | $133,000 | $525,000 | $57,000 | $246,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 96 | $14,080,000 | $146,000 | $355,000 | $74,000 | $169,000 |
| Collateral | 82 | $9,230,000 | $112,000 | $415,000 | $115,000 | $337,000 |
| Unverifiable Information | 17 | $1,575,000 | $92,000 | $195,000 | $114,000 | $327,000 |
| Other | 9 | $1,205,000 | $133,000 | $505,000 | $134,000 | $267,000 |
| Credit Application Incomplete | 7 | $1,485,000 | $212,000 | $755,000 | $197,000 | $393,000 |
| Mortgage Insurance Denied | 1 | $215,000 | $215,000 | $215,000 | $118,000 | $118,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Michigan State University Federal Credit Union's 2023 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.