Paramount Bank
Mortgage Loan Application
Totals and Details
for 2003

Find mortgage loan statistics, lending data, and loan application totals for Michigan.
The mortgage statistics and data below are specific to mortgage loan applications for Paramount Bank.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Paramount Bank
31000 Northwestern Hwy., #200
Farmington Hills, MI 48334
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,430
Total Mortgage Loan Application Amount $485,805,000
Average Mortgage Loan Application Amount $236,400
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $137,300
Highest Applicant Income $2,000,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MI, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Paramount Bank by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Oakland County Michigan 922 $ 208,216,000 $ 225,000 $ 83,000
Macomb County Michigan 598 $ 102,138,000 $ 170,000 $ 75,000
Wayne County Michigan 586 $ 107,495,000 $ 183,000 $ 69,000
Washtenaw County Michigan 67 $ 16,360,000 $ 244,000 $ 123,000
Livingston County Michigan 51 $ 10,909,000 $ 213,000 $ 79,000
Lapeer County Michigan 17 $ 3,388,000 $ 199,000 $ 86,000
St. Clair County Michigan 17 $ 2,826,000 $ 166,000 $ 77,000
Genesee County Michigan 15 $ 2,565,000 $ 171,000 $ 81,000
Ingham County Michigan 12 $ 2,291,000 $ 190,000 $ 100,000
Monroe County Michigan 12 $ 1,657,000 $ 138,000 $ 45,000
Charlevoix County Michigan 8 $ 1,612,000 $ 201,000 $ 214,000
Jackson County Michigan 7 $ 964,000 $ 137,000 $ 85,000
Roscommon County Michigan 7 $ 550,000 $ 78,000 $ 87,000
Cook County Illinois 5 $ 1,411,000 $ 282,000 $ 146,000
Kent County Michigan 5 $ 963,000 $ 192,000 $ 101,000
Lenawee County Michigan 5 $ 837,000 $ 167,000 $ 92,000
Ottawa County Michigan 4 $ 714,000 $ 178,000 $ 65,000
Sanilac County Michigan 4 $ 698,000 $ 174,000 $ 67,000
Los Angeles County California 3 $ 1,062,000 $ 354,000 $ 105,000
Larimer County Colorado 3 $ 695,000 $ 231,000 $ 39,000
Lee County Florida 3 $ 1,061,000 $ 353,000 $ 547,000
Alcona County Michigan 3 $ 520,000 $ 173,000 $ 125,000
Antrim County Michigan 3 $ 412,000 $ 137,000 $ 96,000
Cheboygan County Michigan 3 $ 561,000 $ 187,000 $ 119,000
Grand Traverse County Michigan 3 $ 632,000 $ 210,000 $ 97,000
Lucas County Ohio 3 $ 501,000 $ 167,000 $ 54,000
Maricopa County Arizona 2 $ 334,000 $ 167,000 $ 172,000
Collier County Florida 2 $ 811,000 $ 405,000 $ 332,000
Lake County Illinois 2 $ 656,000 $ 328,000 $ 151,000
Branch County Michigan 2 $ 262,000 $ 131,000 $ 135,000
Kalamazoo County Michigan 2 $ 547,000 $ 273,000 $ 153,000
Ogemaw County Michigan 2 $ 268,000 $ 134,000 $ 95,000
Saginaw County Michigan 2 $ 261,000 $ 130,000 $ 82,000
Tuscola County Michigan 2 $ 245,000 $ 122,000 $ 73,000
Salt Lake County Utah 2 $ 315,000 $ 157,000 $ 75,000
Gila County Arizona 1 $ 157,000 $ 157,000 $ 105,000
Pinal County Arizona 1 $ 162,000 $ 162,000 $ 256,000
Riverside County California 1 $ 260,000 $ 260,000 $ 0
Denver County Colorado 1 $ 293,000 $ 293,000 $ 147,000
Eagle County Colorado 1 $ 300,000 $ 300,000 $ 348,000
San Miguel County Colorado 1 $ 302,000 $ 302,000 $ 1,200,000
Summit County Colorado 1 $ 220,000 $ 220,000 $ 180,000
Brevard County Florida 1 $ 74,000 $ 74,000 $ 114,000
Broward County Florida 1 $ 534,000 $ 534,000 $ 172,000
Hernando County Florida 1 $ 98,000 $ 98,000 $ 39,000
Manatee County Florida 1 $ 272,000 $ 272,000 $ 130,000
Okaloosa County Florida 1 $ 186,000 $ 186,000 $ 84,000
Volusia County Florida 1 $ 175,000 $ 175,000 $ 240,000
Chatham County Georgia 1 $ 246,000 $ 246,000 $ 125,000
Forsyth County Georgia 1 $ 650,000 $ 650,000 $ 223,000
Blaine County Idaho 1 $ 112,000 $ 112,000 $ 203,000
DuPage County Illinois 1 $ 900,000 $ 900,000 $ 251,000
Allen County Indiana 1 $ 157,000 $ 157,000 $ 81,000
Marion County Indiana 1 $ 240,000 $ 240,000 $ 114,000
Boone County Kentucky 1 $ 250,000 $ 250,000 $ 87,000
Essex County Massachusetts 1 $ 267,000 $ 267,000 $ 97,000
Middlesex County Massachusetts 1 $ 288,000 $ 288,000 $ 95,000
Allegan County Michigan 1 $ 585,000 $ 585,000 $ 360,000
Arenac County Michigan 1 $ 200,000 $ 200,000 $ 0
Barry County Michigan 1 $ 43,000 $ 43,000 $ 52,000
Benzie County Michigan 1 $ 155,000 $ 155,000 $ 52,000
Calhoun County Michigan 1 $ 118,000 $ 118,000 $ 84,000
Clare County Michigan 1 $ 115,000 $ 115,000 $ 83,000
Eaton County Michigan 1 $ 104,000 $ 104,000 $ 87,000
Emmet County Michigan 1 $ 650,000 $ 650,000 $ 480,000
Hillsdale County Michigan 1 $ 89,000 $ 89,000 $ 46,000
Huron County Michigan 1 $ 92,000 $ 92,000 $ 115,000
Leelanau County Michigan 1 $ 176,000 $ 176,000 $ 146,000
Montmorency County Michigan 1 $ 166,000 $ 166,000 $ 97,000
Oceana County Michigan 1 $ 105,000 $ 105,000 $ 93,000
Otsego County Michigan 1 $ 140,000 $ 140,000 $ 163,000
Presque Isle County Michigan 1 $ 105,000 $ 105,000 $ 157,000
Clark County Nevada 1 $ 53,000 $ 53,000 $ 52,000
Kings County New York 1 $ 323,000 $ 323,000 $ 185,000
Cuyahoga County Ohio 1 $ 230,000 $ 230,000 $ 134,000
Franklin County Ohio 1 $ 323,000 $ 323,000 $ 160,000
Stark County Ohio 1 $ 180,000 $ 180,000 $ 180,000
Jackson County Oregon 1 $ 230,000 $ 230,000 $ 100,000
Horry County South Carolina 1 $ 157,000 $ 157,000 $ 48,000
Wilson County Tennessee 1 $ 142,000 $ 142,000 $ 71,000
Ozaukee County Wisconsin 1 $ 444,000 $ 444,000 $ 252,000

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Michigan, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Paramount Bank in 2003

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
Refinancing (home purchase or home improvement, one-to-four family) 1,974 $403,616,000 $276,466 $999,000 $170,600 $2,000,000
Home Purchase (one-to-four family) 448 $80,479,000 $206,692 $1,000,000 $115,000 $1,132,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 7 $1,694,000 $242,000 $488,000 $0 $0
Home Improvement (one-to-four family) 1 $16,000 $16,000 $16,000 $65,000 $65,000

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 2,220 $442,094,000 $242,947 $1,000,000 $141,736 $2,000,000
Information not provided by applicant in mail or telephone application 66 $15,775,000 $269,000 $780,000 $231,000 $436,000
Black 47 $7,922,000 $162,500 $415,000 $79,000 $168,000
Asian or Pacific Islander 35 $8,461,000 $383,500 $534,000 $125,500 $205,000
Other 26 $5,590,000 $215,000 $620,000 $115,000 $269,000
Hispanic 25 $4,021,000 $160,000 $470,000 $66,000 $139,000
Not applicable 11 $1,942,000 $176,000 $488,000 $0 $0
American Indian or Alaskan Native 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) 2,345 $475,100,000 $242,526 $1,000,000 $140,684 $2,000,000
FHA-insured (Federal Housing Administration) 85 $10,705,000 $125,000 $190,000 $43,000 $123,000
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 2,225 $441,728,000 $243,058 $1,000,000 $146,000 $2,000,000
Application Withdrawn By Applicant 91 $19,756,000 $363,250 $700,000 $288,000 $821,000
Application Approved But Not Accepted 68 $14,580,000 $287,250 $694,000 $138,500 $547,000
Application Denied By Financial Institution 41 $9,121,000 $204,500 $650,000 $88,000 $360,000
File Closed For Incompleteness 5 $620,000 $124,000 $156,000 $60,000 $81,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MI, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Michigan, and search similar information at your convenience.

Download the Michigan Lender List