Neighborhood Mortgage Solutions, LLC Mortgage Lending & HMDA Data, 2016
In 2016, Neighborhood Mortgage Solutions, LLC of Frankenmuth, MI reported 4,835 mortgage applications totaling $547.6 million, up 1% from 2015. The average application was for $113,252, and applicants reported an average income of $60,630. 36% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Grand Rapids-Wyoming, MI (626), Bay City, MI (308) and Saginaw, MI (140) (applications in parentheses).
| Mortgage Company & Address | Neighborhood Mortgage Solutions, LLC Po Box 209 544 N Main St Frankenmuth, MI 48734 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 4,835 |
| Total Mortgage Loan Application Amount | $547,576,000 |
| Average Mortgage Loan Application Amount | $113,252 |
| Highest Mortgage Loan Application Amount | $960,000 |
| Average Applicant Income | $60,630 |
| Highest Applicant Income | $1,264,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Neighborhood Mortgage Solutions, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Neighborhood Mortgage Solutions, LLC 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 Purchase | 2,921 | $321,128,000 | $109,000 | $960,000 | $54,000 | $749,000 |
| Refinancing | 1,794 | $218,107,000 | $121,000 | $626,000 | $71,000 | $1,264,000 |
| Home Improvement | 120 | $8,341,000 | $69,000 | $357,000 | $67,000 | $188,000 |
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 | 3,736 | $429,512,000 | $114,000 | $960,000 | $65,000 | $1,264,000 |
| Not Provided | 758 | $79,458,000 | $104,000 | $560,000 | $38,000 | $749,000 |
| Hispanic | 154 | $19,189,000 | $124,000 | $610,000 | $64,000 | $436,000 |
| Black or African American | 153 | $14,956,000 | $97,000 | $257,000 | $61,000 | $375,000 |
| Asian | 16 | $2,429,000 | $151,000 | $399,000 | $78,000 | $325,000 |
| American Indian or Alaskan Native | 13 | $1,209,000 | $93,000 | $198,000 | $57,000 | $154,000 |
| Native Hawaiin or Other Pacific Islander | 5 | $823,000 | $164,000 | $325,000 | $65,000 | $104,000 |
| 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) | 4,596 | $523,837,000 | $113,000 | $960,000 | $62,000 | $1,264,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 202 | $19,635,000 | $97,000 | $255,000 | $35,000 | $75,000 |
| FHA-insured (Federal Housing Administration) | 37 | $4,104,000 | $110,000 | $276,000 | $50,000 | $116,000 |
| 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 | 1,744 | $213,891,000 | $122,000 | $475,000 | $73,000 | $431,000 |
| Application Withdrawn By Applicant | 1,414 | $160,275,000 | $113,000 | $960,000 | $55,000 | $1,264,000 |
| File Closed For Incompleteness | 911 | $104,727,000 | $114,000 | $417,000 | $59,000 | $749,000 |
| Application Denied By Financial Institution | 733 | $64,555,000 | $88,000 | $450,000 | $44,000 | $652,000 |
| Application Approved But Not Accepted | 19 | $2,535,000 | $133,000 | $228,000 | $73,000 | $225,000 |
| Preapproval Denied by Financial Institution | 8 | $784,000 | $98,000 | $135,000 | $9,000 | $42,000 |
| Preapproval Approved but not Accepted | 6 | $809,000 | $134,000 | $300,000 | $90,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 331 | $26,282,000 | $79,000 | $255,000 | $41,000 | $330,000 |
| Debt-To-Income Ratio | 205 | $20,053,000 | $97,000 | $450,000 | $37,000 | $151,000 |
| Collateral | 57 | $4,745,000 | $83,000 | $211,000 | $55,000 | $183,000 |
| Other | 56 | $6,348,000 | $113,000 | $399,000 | $75,000 | $652,000 |
| Employment History | 24 | $1,590,000 | $66,000 | $176,000 | $35,000 | $141,000 |
| Credit Application Incomplete | 13 | $1,143,000 | $87,000 | $248,000 | $16,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $647,000 | $92,000 | $290,000 | $51,000 | $172,000 |
| Unverifiable Information | 6 | $567,000 | $94,000 | $152,000 | $26,000 | $52,000 |
| Mortgage Insurance Denied | 2 | $243,000 | $121,000 | $136,000 | $75,000 | $83,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Neighborhood Mortgage Solutions, LLC'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 Neighborhood Mortgage Solutions, LLC'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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