Preston Home Loans Inc
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Preston Home Loans Inc 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 | Preston Home Loans Inc 1537 E Hill Rd Suite 100 Grand Blanc, MI 48439 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 1,196 |
| Total Mortgage Loan Application Amount | $228,650,000 |
| Average Mortgage Loan Application Amount | $175,000 |
| Highest Mortgage Loan Application Amount | $725,000 |
| Average Applicant Income | $91,000 |
| Highest Applicant Income | $799,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Preston Home Loans Inc. 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 Preston Home Loans Inc's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down Preston Home Loans Inc'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 Preston Home Loans Inc serves its applicants.
Each category highlights the total number of mortgage applications processed by Preston Home Loans Inc, 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 Preston Home Loans Inc'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 |
|---|---|---|---|---|
| Genesee County Michigan | 428 | $ 71,300,000 | $ 166,000 | $ 81,000 |
| Oakland County Michigan | 125 | $ 30,465,000 | $ 243,000 | $ 124,000 |
| Shiawassee County Michigan | 72 | $ 10,850,000 | $ 150,000 | $ 61,000 |
| Wayne County Michigan | 59 | $ 9,515,000 | $ 161,000 | $ 99,000 |
| Saginaw County Michigan | 57 | $ 8,735,000 | $ 153,000 | $ 76,000 |
| Macomb County Michigan | 52 | $ 13,230,000 | $ 254,000 | $ 104,000 |
| Lapeer County Michigan | 43 | $ 9,825,000 | $ 228,000 | $ 89,000 |
| Tuscola County Michigan | 37 | $ 6,245,000 | $ 168,000 | $ 72,000 |
| Livingston County Michigan | 25 | $ 7,705,000 | $ 308,000 | $ 125,000 |
| Gratiot County Michigan | 21 | $ 2,985,000 | $ 142,000 | $ 68,000 |
| Ingham County Michigan | 18 | $ 2,980,000 | $ 165,000 | $ 66,000 |
| Montcalm County Michigan | 15 | $ 1,985,000 | $ 132,000 | $ 52,000 |
| Bay County Michigan | 14 | $ 1,530,000 | $ 109,000 | $ 59,000 |
| St. Clair County Michigan | 11 | $ 2,625,000 | $ 238,000 | $ 102,000 |
| Clare County Michigan | 10 | $ 1,940,000 | $ 194,000 | $ 92,000 |
| Washtenaw County Michigan | 10 | $ 2,530,000 | $ 253,000 | $ 118,000 |
| Kent County Michigan | 9 | $ 1,655,000 | $ 183,000 | $ 71,000 |
| Midland County Michigan | 8 | $ 1,130,000 | $ 141,000 | $ 70,000 |
| Osceola County Michigan | 8 | $ 980,000 | $ 122,000 | $ 60,000 |
| Sanilac County Michigan | 8 | $ 1,530,000 | $ 191,000 | $ 76,000 |
| Tarrant County Texas | 8 | $ 2,740,000 | $ 342,000 | $ 119,000 |
| Roscommon County Michigan | 7 | $ 755,000 | $ 107,000 | $ 92,000 |
| Iosco County Michigan | 6 | $ 930,000 | $ 155,000 | $ 126,000 |
| Mecosta County Michigan | 6 | $ 610,000 | $ 101,000 | $ 39,000 |
| Muskegon County Michigan | 6 | $ 740,000 | $ 123,000 | $ 59,000 |
| Gladwin County Michigan | 5 | $ 775,000 | $ 155,000 | $ 92,000 |
| Lake County Michigan | 5 | $ 705,000 | $ 141,000 | $ 68,000 |
| Monroe County Michigan | 5 | $ 765,000 | $ 153,000 | $ 64,000 |
| Denton County Texas | 5 | $ 2,155,000 | $ 431,000 | $ 174,000 |
| Arenac County Michigan | 4 | $ 610,000 | $ 152,000 | $ 74,000 |
| Calhoun County Michigan | 4 | $ 640,000 | $ 160,000 | $ 69,000 |
| Isabella County Michigan | 4 | $ 660,000 | $ 165,000 | $ 82,000 |
| Jackson County Michigan | 4 | $ 920,000 | $ 230,000 | $ 218,000 |
| Lenawee County Michigan | 4 | $ 820,000 | $ 205,000 | $ 109,000 |
| Ogemaw County Michigan | 4 | $ 1,080,000 | $ 270,000 | $ 166,000 |
| Ottawa County Michigan | 4 | $ 1,480,000 | $ 370,000 | $ 178,000 |
| Clinton County Michigan | 3 | $ 505,000 | $ 168,000 | $ 93,000 |
| Ionia County Michigan | 3 | $ 745,000 | $ 248,000 | $ 89,000 |
| Montmorency County Michigan | 3 | $ 345,000 | $ 115,000 | $ 141,000 |
| Newaygo County Michigan | 3 | $ 325,000 | $ 108,000 | $ 67,000 |
| Oscoda County Michigan | 3 | $ 245,000 | $ 81,000 | $ 74,000 |
| Gaston County North Carolina | 3 | $ 735,000 | $ 245,000 | $ 101,000 |
| Collin County Texas | 3 | $ 815,000 | $ 271,000 | $ 154,000 |
| Escambia County Florida | 2 | $ 740,000 | $ 370,000 | $ 261,000 |
| Hillsborough County Florida | 2 | $ 520,000 | $ 260,000 | $ 149,000 |
| Okaloosa County Florida | 2 | $ 510,000 | $ 255,000 | $ 95,000 |
| Alger County Michigan | 2 | $ 700,000 | $ 350,000 | $ 198,000 |
| Allegan County Michigan | 2 | $ 450,000 | $ 225,000 | $ 87,000 |
| Benzie County Michigan | 2 | $ 440,000 | $ 220,000 | $ 150,000 |
| Berrien County Michigan | 2 | $ 420,000 | $ 210,000 | $ 101,000 |
| Eaton County Michigan | 2 | $ 430,000 | $ 215,000 | $ 78,000 |
| St. Joseph County Michigan | 2 | $ 330,000 | $ 165,000 | $ 105,000 |
| Cabarrus County North Carolina | 2 | $ 900,000 | $ 450,000 | $ 173,000 |
| Dallas County Texas | 2 | $ 1,120,000 | $ 560,000 | $ 527,000 |
| Harris County Texas | 2 | $ 860,000 | $ 430,000 | $ 149,000 |
| Wise County Texas | 2 | $ 860,000 | $ 430,000 | $ 146,000 |
| Young County Texas | 2 | $ 360,000 | $ 180,000 | $ 72,000 |
| Brevard County Florida | 1 | $ 245,000 | $ 245,000 | $ 124,000 |
| Charlotte County Florida | 1 | $ 355,000 | $ 355,000 | $ 79,000 |
| Orange County Florida | 1 | $ 705,000 | $ 705,000 | $ 449,000 |
| Osceola County Florida | 1 | $ 385,000 | $ 385,000 | $ 109,000 |
| Palm Beach County Florida | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Pasco County Florida | 1 | $ 95,000 | $ 95,000 | $ 58,000 |
| Putnam County Florida | 1 | $ 215,000 | $ 215,000 | $ 66,000 |
| Sarasota County Florida | 1 | $ 205,000 | $ 205,000 | $ 97,000 |
| St. Lucie County Florida | 1 | $ 195,000 | $ 195,000 | $ 57,000 |
| Walton County Florida | 1 | $ 355,000 | $ 355,000 | $ 133,000 |
| Alcona County Michigan | 1 | $ 205,000 | $ 205,000 | $ 55,000 |
| Barry County Michigan | 1 | $ 215,000 | $ 215,000 | $ 144,000 |
| Branch County Michigan | 1 | $ 105,000 | $ 105,000 | $ 62,000 |
| Crawford County Michigan | 1 | $ 145,000 | $ 145,000 | $ 33,000 |
| Emmet County Michigan | 1 | $ 315,000 | $ 315,000 | $ 143,000 |
| Hillsdale County Michigan | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| Huron County Michigan | 1 | $ 165,000 | $ 165,000 | $ 53,000 |
| Kalamazoo County Michigan | 1 | $ 435,000 | $ 435,000 | $ 155,000 |
| Marquette County Michigan | 1 | $ 145,000 | $ 145,000 | $ 85,000 |
| Oceana County Michigan | 1 | $ 165,000 | $ 165,000 | $ 66,000 |
| Otsego County Michigan | 1 | $ 115,000 | $ 115,000 | $ 83,000 |
| Wexford County Michigan | 1 | $ 295,000 | $ 295,000 | $ 117,000 |
| Columbus County North Carolina | 1 | $ 105,000 | $ 105,000 | $ 82,000 |
| Macon County North Carolina | 1 | $ 245,000 | $ 245,000 | $ 77,000 |
| Stokes County North Carolina | 1 | $ 515,000 | $ 515,000 | $ 211,000 |
| Spartanburg County South Carolina | 1 | $ 205,000 | $ 205,000 | $ 684,000 |
| York County South Carolina | 1 | $ 405,000 | $ 405,000 | $ 397,000 |
| Blount County Tennessee | 1 | $ 345,000 | $ 345,000 | $ 139,000 |
| Rutherford County Tennessee | 1 | $ 725,000 | $ 725,000 | $ 180,000 |
| Sevier County Tennessee | 1 | $ 355,000 | $ 355,000 | $ 139,000 |
| Sumner County Tennessee | 1 | $ 365,000 | $ 365,000 | $ 112,000 |
| Fannin County Texas | 1 | $ 405,000 | $ 405,000 | $ 210,000 |
| Grayson County Texas | 1 | $ 255,000 | $ 255,000 | $ 132,000 |
| Guadalupe County Texas | 1 | $ 315,000 | $ 315,000 | $ 137,000 |
| Parker County Texas | 1 | $ 365,000 | $ 365,000 | $ 132,000 |
| Wichita County Texas | 1 | $ 145,000 | $ 145,000 | $ 64,000 |
Mortgage Loan Application Detail Totals for Preston Home Loans Inc 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 | 1,123 | $216,675,000 | $192,000 | $725,000 | $91,000 | $799,000 |
| Refinancing | 53 | $8,585,000 | $161,000 | $405,000 | $119,000 | $684,000 |
| Home Improvement | 10 | $1,680,000 | $168,000 | $415,000 | $79,000 | $185,000 |
| Cash-out Refinancing | 9 | $1,525,000 | $169,000 | $265,000 | $82,000 | $128,000 |
| Not Applicable | 1 | $185,000 | $185,000 | $185,000 | $84,000 | $84,000 |
| Other Purpose | 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 | 995 | $192,305,000 | $193,000 | $725,000 | $93,000 | $799,000 |
| Black or African American | 124 | $19,580,000 | $157,000 | $415,000 | $71,000 | $283,000 |
| Hispanic | 56 | $10,340,000 | $184,000 | $485,000 | $82,000 | $208,000 |
| Asian | 16 | $4,220,000 | $263,000 | $585,000 | $140,000 | $450,000 |
| American Indian or Alaskan Native | 4 | $1,480,000 | $370,000 | $535,000 | $184,000 | $455,000 |
| Not Provided | 1 | $725,000 | $725,000 | $725,000 | $772,000 | $772,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 648 | $128,750,000 | $198,000 | $725,000 | $107,000 | $799,000 |
| FHA-insured (Federal Housing Administration) | 464 | $82,200,000 | $177,000 | $485,000 | $73,000 | $330,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $7,300,000 | $158,000 | $265,000 | $66,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 38 | $10,400,000 | $273,000 | $565,000 | $94,000 | $217,000 |
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 | 849 | $162,235,000 | $191,000 | $725,000 | $92,000 | $799,000 |
| Application Withdrawn By Applicant | 326 | $62,810,000 | $192,000 | $725,000 | $93,000 | $772,000 |
| Application Denied By Financial Institution | 21 | $3,605,000 | $171,000 | $485,000 | $65,000 | $149,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 | 1,175 | $225,045,000 | $191,000 | $725,000 | $92,000 | $799,000 |
| Debt-To-Income Ratio | 8 | $1,560,000 | $195,000 | $485,000 | $71,000 | $149,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $785,000 | $157,000 | $285,000 | $64,000 | $129,000 |
| Collateral | 3 | $635,000 | $211,000 | $335,000 | $84,000 | $117,000 |
| Employment History | 2 | $180,000 | $90,000 | $115,000 | $33,000 | $39,000 |
| Credit History | 2 | $170,000 | $85,000 | $85,000 | $30,000 | $36,000 |
| Other | 1 | $275,000 | $275,000 | $275,000 | $103,000 | $103,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Preston Home Loans Inc'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 Preston Home Loans Inc'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.