Legacy Mortgage Mortgage Lending & HMDA Data, 2023
In 2023, Legacy Mortgage of Grand Blanc, MI reported 1,196 mortgage applications totaling $228.7 million, up 19% from 2022. The average application was for $191,178, and applicants reported an average income of $92,066. 71% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Flint, MI (428), Warren-Troy-Farmington Hills, MI (256) and Lansing-East Lansing, MI (95) (applications in parentheses).
| Mortgage Company & Address | Legacy Mortgage 1537 E Hill Rd Suite 100 Grand Blanc, MI 48439 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 |
| Total Number of Mortgage Applications | 1,196 |
| Total Mortgage Loan Application Amount | $228,650,000 |
| Average Mortgage Loan Application Amount | $191,178 |
| Highest Mortgage Loan Application Amount | $725,000 |
| Average Applicant Income | $92,066 |
| Highest Applicant Income | $799,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Legacy Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Flint, MI | 428 | $ 71,300,000 | $ 166,588 | $ 81,000 |
| Warren-Troy-Farmington Hills, MI | 256 | $ 63,850,000 | $ 249,414 | $ 113,000 |
| Outside any metro area | 164 | $ 27,210,000 | $ 165,914 | $ 83,829 |
| Lansing-East Lansing, MI | 95 | $ 14,765,000 | $ 155,421 | $ 63,000 |
| Detroit-Dearborn-Livonia, MI | 59 | $ 9,515,000 | $ 161,271 | $ 99,000 |
| Saginaw, MI | 57 | $ 8,735,000 | $ 153,245 | $ 76,000 |
| Grand Rapids-Wyoming, MI | 31 | $ 5,865,000 | $ 189,193 | $ 77,000 |
| Bay City, MI | 14 | $ 1,530,000 | $ 109,285 | $ 59,000 |
| Fort Worth-Arlington, TX | 11 | $ 3,965,000 | $ 360,454 | $ 125,000 |
| Ann Arbor, MI | 10 | $ 2,530,000 | $ 253,000 | $ 118,000 |
| Dallas-Plano-Irving, TX | 10 | $ 4,090,000 | $ 409,000 | $ 238,000 |
| Midland, MI | 8 | $ 1,130,000 | $ 141,250 | $ 70,000 |
| Charlotte-Concord-Gastonia, NC-SC | 6 | $ 2,040,000 | $ 340,000 | $ 174,500 |
| Muskegon, MI | 6 | $ 740,000 | $ 123,333 | $ 59,000 |
| Monroe, MI | 5 | $ 765,000 | $ 153,000 | $ 64,000 |
| Battle Creek, MI | 4 | $ 640,000 | $ 160,000 | $ 69,000 |
| Jackson, MI | 4 | $ 920,000 | $ 230,000 | $ 218,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 865,000 | $ 288,333 | $ 108,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 615,000 | $ 205,000 | $ 119,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 860,000 | $ 430,000 | $ 149,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 1,090,000 | $ 545,000 | $ 146,000 |
| Niles-Benton Harbor, MI | 2 | $ 420,000 | $ 210,000 | $ 101,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 1,090,000 | $ 545,000 | $ 279,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 740,000 | $ 370,000 | $ 261,000 |
| Kalamazoo-Portage, MI | 1 | $ 435,000 | $ 435,000 | $ 155,000 |
| Knoxville, TN | 1 | $ 345,000 | $ 345,000 | $ 139,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 205,000 | $ 205,000 | $ 97,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 245,000 | $ 245,000 | $ 124,000 |
| Port St. Lucie, FL | 1 | $ 195,000 | $ 195,000 | $ 57,000 |
| Punta Gorda, FL | 1 | $ 355,000 | $ 355,000 | $ 79,000 |
| San Antonio-New Braunfels, TX | 1 | $ 315,000 | $ 315,000 | $ 137,000 |
| Sherman-Denison, TX | 1 | $ 255,000 | $ 255,000 | $ 132,000 |
| Spartanburg, SC | 1 | $ 205,000 | $ 205,000 | $ 684,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Wichita Falls, TX | 1 | $ 145,000 | $ 145,000 | $ 64,000 |
| Winston-Salem, NC | 1 | $ 515,000 | $ 515,000 | $ 211,000 |
Mortgage Loan Application Detail Totals for Legacy Mortgage 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 Legacy Mortgage'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 Legacy Mortgage'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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