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 Progressive Mortgage Company.
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 2003-2021.
Mortgage Company & Address | Progressive Mortgage Company 125 S. Fifth Ave. Ann Arbor, MI 48104 Tel #: available with data download |
Federal Regulator | * available with data download |
Years | 2008 2007 2006 2005 2004 2003 |
Total Number of Mortgage Applications | 2,204 |
Total Mortgage Loan Application Amount | $450,564,000 |
Average Mortgage Loan Application Amount | $252,333 |
Highest Mortgage Loan Application Amount | $2,080,000 |
Average Applicant Income | $90,000 |
Highest Applicant Income | $1,250,000 |
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.
County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
---|---|---|---|---|
Cook County Illinois | 351 | $ 92,407,000 | $ 263,000 | $ 104,000 |
Wayne County Michigan | 330 | $ 37,259,000 | $ 112,000 | $ 78,000 |
Oakland County Michigan | 183 | $ 40,390,000 | $ 220,000 | $ 116,000 |
Salt Lake County Utah | 105 | $ 26,316,000 | $ 250,000 | $ 108,000 |
Lake County Illinois | 90 | $ 26,464,000 | $ 294,000 | $ 113,000 |
Macomb County Michigan | 80 | $ 10,993,000 | $ 137,000 | $ 82,000 |
Ingham County Michigan | 55 | $ 8,061,000 | $ 146,000 | $ 86,000 |
Utah County Utah | 50 | $ 15,992,000 | $ 319,000 | $ 105,000 |
Livingston County Michigan | 43 | $ 9,110,000 | $ 211,000 | $ 94,000 |
Emmet County Michigan | 40 | $ 7,573,000 | $ 189,000 | $ 106,000 |
Kent County Michigan | 40 | $ 6,668,000 | $ 166,000 | $ 100,000 |
Cuyahoga County Ohio | 40 | $ 4,283,000 | $ 107,000 | $ 75,000 |
DuPage County Illinois | 39 | $ 10,502,000 | $ 269,000 | $ 103,000 |
Genesee County Michigan | 39 | $ 5,795,000 | $ 148,000 | $ 103,000 |
Washtenaw County Michigan | 33 | $ 7,444,000 | $ 225,000 | $ 102,000 |
Muskegon County Michigan | 28 | $ 3,716,000 | $ 132,000 | $ 50,000 |
Charlevoix County Michigan | 22 | $ 4,367,000 | $ 198,000 | $ 97,000 |
Milwaukee County Wisconsin | 21 | $ 2,484,000 | $ 118,000 | $ 64,000 |
Kane County Illinois | 20 | $ 4,232,000 | $ 211,000 | $ 84,000 |
Eaton County Michigan | 19 | $ 2,677,000 | $ 140,000 | $ 60,000 |
Ottawa County Michigan | 19 | $ 3,478,000 | $ 183,000 | $ 87,000 |
Davis County Utah | 16 | $ 4,567,000 | $ 285,000 | $ 116,000 |
Washington County Utah | 16 | $ 5,483,000 | $ 342,000 | $ 105,000 |
McHenry County Illinois | 14 | $ 2,414,000 | $ 172,000 | $ 82,000 |
Clinton County Michigan | 12 | $ 2,056,000 | $ 171,000 | $ 72,000 |
Knox County Tennessee | 12 | $ 1,532,000 | $ 127,000 | $ 52,000 |
Will County Illinois | 11 | $ 2,412,000 | $ 219,000 | $ 87,000 |
Weber County Utah | 11 | $ 2,616,000 | $ 237,000 | $ 82,000 |
Lake County Indiana | 9 | $ 1,121,000 | $ 124,000 | $ 83,000 |
Greenville County South Carolina | 9 | $ 2,101,000 | $ 233,000 | $ 125,000 |
Calhoun County Michigan | 8 | $ 1,253,000 | $ 156,000 | $ 110,000 |
Kalamazoo County Michigan | 8 | $ 2,390,000 | $ 298,000 | $ 95,000 |
Hennepin County Minnesota | 8 | $ 2,017,000 | $ 252,000 | $ 157,000 |
Fulton County Georgia | 7 | $ 1,588,000 | $ 226,000 | $ 158,000 |
Chippewa County Michigan | 7 | $ 550,000 | $ 78,000 | $ 47,000 |
Saginaw County Michigan | 7 | $ 1,486,000 | $ 212,000 | $ 114,000 |
St. Louis County Missouri | 7 | $ 1,383,000 | $ 197,000 | $ 101,000 |
Summit County Ohio | 7 | $ 693,000 | $ 99,000 | $ 54,000 |
Blount County Tennessee | 7 | $ 872,000 | $ 124,000 | $ 43,000 |
Barry County Michigan | 6 | $ 737,000 | $ 122,000 | $ 41,000 |
Ionia County Michigan | 6 | $ 727,000 | $ 121,000 | $ 62,000 |
Jackson County Michigan | 6 | $ 854,000 | $ 142,000 | $ 63,000 |
Lapeer County Michigan | 6 | $ 1,125,000 | $ 187,000 | $ 72,000 |
Clark County Nevada | 6 | $ 1,458,000 | $ 243,000 | $ 70,000 |
Iron County Utah | 6 | $ 1,644,000 | $ 274,000 | $ 109,000 |
Santa Cruz County Arizona | 5 | $ 861,000 | $ 172,000 | $ 44,000 |
Volusia County Florida | 5 | $ 733,000 | $ 146,000 | $ 208,000 |
Allegan County Michigan | 5 | $ 955,000 | $ 191,000 | $ 78,000 |
Antrim County Michigan | 5 | $ 1,322,000 | $ 264,000 | $ 138,000 |
Monroe County Michigan | 5 | $ 731,000 | $ 146,000 | $ 53,000 |
Montcalm County Michigan | 5 | $ 521,000 | $ 104,000 | $ 47,000 |
Lake County Ohio | 5 | $ 1,070,000 | $ 214,000 | $ 113,000 |
Lucas County Ohio | 5 | $ 1,172,000 | $ 234,000 | $ 98,000 |
Sevier County Tennessee | 5 | $ 1,179,000 | $ 235,000 | $ 83,000 |
Cache County Utah | 5 | $ 861,000 | $ 172,000 | $ 102,000 |
Summit County Utah | 5 | $ 1,718,000 | $ 343,000 | $ 178,000 |
Grand Traverse County Michigan | 4 | $ 968,000 | $ 242,000 | $ 108,000 |
Newaygo County Michigan | 4 | $ 694,000 | $ 173,000 | $ 54,000 |
Van Buren County Michigan | 4 | $ 719,000 | $ 179,000 | $ 100,000 |
Dakota County Minnesota | 4 | $ 785,000 | $ 196,000 | $ 76,000 |
Harrison County Mississippi | 4 | $ 1,088,000 | $ 272,000 | $ 189,000 |
Santa Fe County New Mexico | 4 | $ 1,084,000 | $ 271,000 | $ 73,000 |
Lorain County Ohio | 4 | $ 735,000 | $ 183,000 | $ 102,000 |
Loudon County Tennessee | 4 | $ 415,000 | $ 103,000 | $ 42,000 |
Tooele County Utah | 4 | $ 945,000 | $ 236,000 | $ 73,000 |
Miami-Dade County Florida | 3 | $ 3,715,000 | $ 1,238,000 | $ 319,000 |
Sarasota County Florida | 3 | $ 772,000 | $ 257,000 | $ 167,000 |
DeKalb County Georgia | 3 | $ 366,000 | $ 122,000 | $ 113,000 |
Kendall County Illinois | 3 | $ 738,000 | $ 246,000 | $ 79,000 |
Benzie County Michigan | 3 | $ 702,000 | $ 234,000 | $ 112,000 |
Cheboygan County Michigan | 3 | $ 357,000 | $ 119,000 | $ 71,000 |
Gratiot County Michigan | 3 | $ 217,000 | $ 72,000 | $ 31,000 |
Luce County Michigan | 3 | $ 646,000 | $ 215,000 | $ 187,000 |
Shiawassee County Michigan | 3 | $ 416,000 | $ 138,000 | $ 77,000 |
Medina County Ohio | 3 | $ 734,000 | $ 244,000 | $ 129,000 |
McMinn County Tennessee | 3 | $ 324,000 | $ 108,000 | $ 44,000 |
Mobile County Alabama | 2 | $ 502,000 | $ 251,000 | $ 114,000 |
Coconino County Arizona | 2 | $ 422,000 | $ 211,000 | $ 68,000 |
Maricopa County Arizona | 2 | $ 480,000 | $ 240,000 | $ 108,000 |
Pima County Arizona | 2 | $ 355,000 | $ 177,000 | $ 57,000 |
Denver County Colorado | 2 | $ 324,000 | $ 162,000 | $ 185,000 |
Broward County Florida | 2 | $ 1,626,000 | $ 813,000 | $ 245,000 |
Citrus County Florida | 2 | $ 773,000 | $ 386,000 | $ 137,000 |
Duval County Florida | 2 | $ 371,000 | $ 185,000 | $ 235,000 |
Hillsborough County Florida | 2 | $ 386,000 | $ 193,000 | $ 98,000 |
Orange County Florida | 2 | $ 203,000 | $ 101,000 | $ 68,000 |
Seminole County Florida | 2 | $ 672,000 | $ 336,000 | $ 217,000 |
Forsyth County Georgia | 2 | $ 504,000 | $ 252,000 | $ 120,000 |
Kootenai County Idaho | 2 | $ 305,000 | $ 152,000 | $ 82,000 |
Sangamon County Illinois | 2 | $ 393,000 | $ 196,000 | $ 77,000 |
Shawnee County Kansas | 2 | $ 128,000 | $ 64,000 | $ 74,000 |
Orleans County Louisiana | 2 | $ 366,000 | $ 183,000 | $ 250,000 |
Prince George's County Maryland | 2 | $ 685,000 | $ 342,000 | $ 96,000 |
Middlesex County Massachusetts | 2 | $ 452,000 | $ 226,000 | $ 122,000 |
Cass County Michigan | 2 | $ 118,000 | $ 59,000 | $ 84,000 |
Lake County Michigan | 2 | $ 177,000 | $ 88,000 | $ 98,000 |
Leelanau County Michigan | 2 | $ 1,132,000 | $ 566,000 | $ 329,000 |
Mackinac County Michigan | 2 | $ 705,000 | $ 352,000 | $ 178,000 |
Mason County Michigan | 2 | $ 303,000 | $ 151,000 | $ 211,000 |
Midland County Michigan | 2 | $ 339,000 | $ 169,000 | $ 186,000 |
Missaukee County Michigan | 2 | $ 175,000 | $ 87,000 | $ 46,000 |
Otsego County Michigan | 2 | $ 607,000 | $ 303,000 | $ 117,000 |
Presque Isle County Michigan | 2 | $ 126,000 | $ 63,000 | $ 28,000 |
Roscommon County Michigan | 2 | $ 602,000 | $ 301,000 | $ 82,000 |
St. Clair County Michigan | 2 | $ 350,000 | $ 175,000 | $ 310,000 |
Kandiyohi County Minnesota | 2 | $ 238,000 | $ 119,000 | $ 57,000 |
Ramsey County Minnesota | 2 | $ 541,000 | $ 270,000 | $ 54,000 |
Bernalillo County New Mexico | 2 | $ 350,000 | $ 175,000 | $ 128,000 |
Sandoval County New Mexico | 2 | $ 500,000 | $ 250,000 | $ 99,000 |
Wood County Ohio | 2 | $ 598,000 | $ 299,000 | $ 120,000 |
Multnomah County Oregon | 2 | $ 426,000 | $ 213,000 | $ 49,000 |
Anderson County Tennessee | 2 | $ 236,000 | $ 118,000 | $ 38,000 |
Roane County Tennessee | 2 | $ 183,000 | $ 91,000 | $ 51,000 |
Box Elder County Utah | 2 | $ 441,000 | $ 220,000 | $ 90,000 |
Richmond City County Virginia | 2 | $ 204,000 | $ 102,000 | $ 203,000 |
Brown County Wisconsin | 2 | $ 524,000 | $ 262,000 | $ 111,000 |
Sheboygan County Wisconsin | 2 | $ 304,000 | $ 152,000 | $ 55,000 |
Walworth County Wisconsin | 2 | $ 299,000 | $ 149,000 | $ 98,000 |
Cullman County Alabama | 1 | $ 87,000 | $ 87,000 | $ 24,000 |
Mohave County Arizona | 1 | $ 281,000 | $ 281,000 | $ 70,000 |
Yavapai County Arizona | 1 | $ 175,000 | $ 175,000 | $ 80,000 |
El Dorado County California | 1 | $ 245,000 | $ 245,000 | $ 59,000 |
Arapahoe County Colorado | 1 | $ 361,000 | $ 361,000 | $ 122,000 |
El Paso County Colorado | 1 | $ 349,000 | $ 349,000 | $ 180,000 |
Grand County Colorado | 1 | $ 417,000 | $ 417,000 | $ 285,000 |
La Plata County Colorado | 1 | $ 286,000 | $ 286,000 | $ 72,000 |
Litchfield County Connecticut | 1 | $ 272,000 | $ 272,000 | $ 256,000 |
New Haven County Connecticut | 1 | $ 194,000 | $ 194,000 | $ 90,000 |
New London County Connecticut | 1 | $ 975,000 | $ 975,000 | $ 1,250,000 |
Bay County Florida | 1 | $ 98,000 | $ 98,000 | $ 33,000 |
Collier County Florida | 1 | $ 960,000 | $ 960,000 | $ 527,000 |
Lee County Florida | 1 | $ 337,000 | $ 337,000 | $ 142,000 |
Marion County Florida | 1 | $ 266,000 | $ 266,000 | $ 68,000 |
Palm Beach County Florida | 1 | $ 900,000 | $ 900,000 | $ 216,000 |
Pasco County Florida | 1 | $ 162,000 | $ 162,000 | $ 170,000 |
Pinellas County Florida | 1 | $ 50,000 | $ 50,000 | $ 19,000 |
Polk County Florida | 1 | $ 212,000 | $ 212,000 | $ 309,000 |
Chatham County Georgia | 1 | $ 333,000 | $ 333,000 | $ 113,000 |
Crisp County Georgia | 1 | $ 76,000 | $ 76,000 | $ 192,000 |
Gordon County Georgia | 1 | $ 95,000 | $ 95,000 | $ 72,000 |
Gwinnett County Georgia | 1 | $ 191,000 | $ 191,000 | $ 86,000 |
Hancock County Georgia | 1 | $ 399,000 | $ 399,000 | $ 208,000 |
Henry County Georgia | 1 | $ 140,000 | $ 140,000 | $ 48,000 |
Liberty County Georgia | 1 | $ 233,000 | $ 233,000 | $ 180,000 |
Ada County Idaho | 1 | $ 189,000 | $ 189,000 | $ 50,000 |
Bear Lake County Idaho | 1 | $ 89,000 | $ 89,000 | $ 228,000 |
Bonneville County Idaho | 1 | $ 356,000 | $ 356,000 | $ 129,000 |
Franklin County Idaho | 1 | $ 88,000 | $ 88,000 | $ 21,000 |
Oneida County Idaho | 1 | $ 223,000 | $ 223,000 | $ 87,000 |
Boone County Illinois | 1 | $ 106,000 | $ 106,000 | $ 42,000 |
Grundy County Illinois | 1 | $ 228,000 | $ 228,000 | $ 70,000 |
Jo Daviess County Illinois | 1 | $ 228,000 | $ 228,000 | $ 90,000 |
Logan County Illinois | 1 | $ 132,000 | $ 132,000 | $ 170,000 |
Stephenson County Illinois | 1 | $ 273,000 | $ 273,000 | $ 175,000 |
Winnebago County Illinois | 1 | $ 129,000 | $ 129,000 | $ 96,000 |
Huntington County Indiana | 1 | $ 86,000 | $ 86,000 | $ 19,000 |
LaPorte County Indiana | 1 | $ 134,000 | $ 134,000 | $ 52,000 |
Marshall County Indiana | 1 | $ 82,000 | $ 82,000 | $ 51,000 |
Monroe County Indiana | 1 | $ 130,000 | $ 130,000 | $ 68,000 |
Polk County Iowa | 1 | $ 392,000 | $ 392,000 | $ 140,000 |
Bullitt County Kentucky | 1 | $ 96,000 | $ 96,000 | $ 31,000 |
Fayette County Kentucky | 1 | $ 275,000 | $ 275,000 | $ 132,000 |
Shelby County Kentucky | 1 | $ 367,000 | $ 367,000 | $ 239,000 |
Jefferson County Louisiana | 1 | $ 338,000 | $ 338,000 | $ 220,000 |
York County Maine | 1 | $ 280,000 | $ 280,000 | $ 151,000 |
Baltimore City County Maryland | 1 | $ 352,000 | $ 352,000 | $ 90,000 |
Cecil County Maryland | 1 | $ 230,000 | $ 230,000 | $ 92,000 |
Essex County Massachusetts | 1 | $ 415,000 | $ 415,000 | $ 151,000 |
Suffolk County Massachusetts | 1 | $ 260,000 | $ 260,000 | $ 101,000 |
Bay County Michigan | 1 | $ 206,000 | $ 206,000 | $ 211,000 |
Branch County Michigan | 1 | $ 294,000 | $ 294,000 | $ 58,000 |
Crawford County Michigan | 1 | $ 83,000 | $ 83,000 | $ 35,000 |
Gladwin County Michigan | 1 | $ 110,000 | $ 110,000 | $ 57,000 |
Gogebic County Michigan | 1 | $ 338,000 | $ 338,000 | $ 154,000 |
Hillsdale County Michigan | 1 | $ 153,000 | $ 153,000 | $ 35,000 |
Huron County Michigan | 1 | $ 69,000 | $ 69,000 | $ 89,000 |
Iosco County Michigan | 1 | $ 175,000 | $ 175,000 | $ 132,000 |
Iron County Michigan | 1 | $ 218,000 | $ 218,000 | $ 397,000 |
Mecosta County Michigan | 1 | $ 143,000 | $ 143,000 | $ 63,000 |
Ogemaw County Michigan | 1 | $ 286,000 | $ 286,000 | $ 191,000 |
St. Joseph County Michigan | 1 | $ 60,000 | $ 60,000 | $ 48,000 |
Wexford County Michigan | 1 | $ 105,000 | $ 105,000 | $ 38,000 |
Anoka County Minnesota | 1 | $ 410,000 | $ 410,000 | $ 122,000 |
Blue Earth County Minnesota | 1 | $ 101,000 | $ 101,000 | $ 41,000 |
Dodge County Minnesota | 1 | $ 147,000 | $ 147,000 | $ 75,000 |
Freeborn County Minnesota | 1 | $ 150,000 | $ 150,000 | $ 30,000 |
Itasca County Minnesota | 1 | $ 400,000 | $ 400,000 | $ 102,000 |
Scott County Minnesota | 1 | $ 417,000 | $ 417,000 | $ 207,000 |
Stearns County Minnesota | 1 | $ 103,000 | $ 103,000 | $ 104,000 |
Steele County Minnesota | 1 | $ 228,000 | $ 228,000 | $ 82,000 |
Washington County Minnesota | 1 | $ 417,000 | $ 417,000 | $ 120,000 |
Lincoln County Missouri | 1 | $ 168,000 | $ 168,000 | $ 85,000 |
Stoddard County Missouri | 1 | $ 24,000 | $ 24,000 | $ 29,000 |
Vernon County Missouri | 1 | $ 82,000 | $ 82,000 | $ 66,000 |
Yellowstone County Montana | 1 | $ 150,000 | $ 150,000 | $ 68,000 |
Carson City County Nevada | 1 | $ 154,000 | $ 154,000 | $ 62,000 |
Atlantic County New Jersey | 1 | $ 481,000 | $ 481,000 | $ 123,000 |
Dona Ana County New Mexico | 1 | $ 190,000 | $ 190,000 | $ 73,000 |
Rio Arriba County New Mexico | 1 | $ 296,000 | $ 296,000 | $ 111,000 |
Schenectady County New York | 1 | $ 252,000 | $ 252,000 | $ 58,000 |
Iredell County North Carolina | 1 | $ 245,000 | $ 245,000 | $ 62,000 |
Wake County North Carolina | 1 | $ 417,000 | $ 417,000 | $ 186,000 |
Coshocton County Ohio | 1 | $ 39,000 | $ 39,000 | $ 40,000 |
Delaware County Ohio | 1 | $ 248,000 | $ 248,000 | $ 62,000 |
Erie County Ohio | 1 | $ 45,000 | $ 45,000 | $ 24,000 |
Franklin County Ohio | 1 | $ 231,000 | $ 231,000 | $ 180,000 |
Geauga County Ohio | 1 | $ 100,000 | $ 100,000 | $ 180,000 |
Hamilton County Ohio | 1 | $ 103,000 | $ 103,000 | $ 68,000 |
Lawrence County Ohio | 1 | $ 75,000 | $ 75,000 | $ 119,000 |
Montgomery County Ohio | 1 | $ 68,000 | $ 68,000 | $ 120,000 |
Stark County Ohio | 1 | $ 46,000 | $ 46,000 | $ 52,000 |
Adams County Pennsylvania | 1 | $ 640,000 | $ 640,000 | $ 180,000 |
Allegheny County Pennsylvania | 1 | $ 94,000 | $ 94,000 | $ 69,000 |
Bucks County Pennsylvania | 1 | $ 904,000 | $ 904,000 | $ 504,000 |
Somerset County Pennsylvania | 1 | $ 179,000 | $ 179,000 | $ 72,000 |
Abbeville County South Carolina | 1 | $ 237,000 | $ 237,000 | $ 86,000 |
Anderson County South Carolina | 1 | $ 400,000 | $ 400,000 | $ 180,000 |
Charleston County South Carolina | 1 | $ 221,000 | $ 221,000 | $ 45,000 |
Pickens County South Carolina | 1 | $ 117,000 | $ 117,000 | $ 13,000 |
Spartanburg County South Carolina | 1 | $ 147,000 | $ 147,000 | $ 38,000 |
Hamblen County Tennessee | 1 | $ 293,000 | $ 293,000 | $ 83,000 |
Maury County Tennessee | 1 | $ 180,000 | $ 180,000 | $ 40,000 |
Monroe County Tennessee | 1 | $ 152,000 | $ 152,000 | $ 46,000 |
Sumner County Tennessee | 1 | $ 170,000 | $ 170,000 | $ 81,000 |
Dallas County Texas | 1 | $ 417,000 | $ 417,000 | $ 182,000 |
Denton County Texas | 1 | $ 200,000 | $ 200,000 | $ 74,000 |
Harris County Texas | 1 | $ 81,000 | $ 81,000 | $ 66,000 |
Jefferson County Texas | 1 | $ 135,000 | $ 135,000 | $ 72,000 |
Sevier County Utah | 1 | $ 162,000 | $ 162,000 | $ 57,000 |
Wasatch County Utah | 1 | $ 630,000 | $ 630,000 | $ 386,000 |
Emporia County Virginia | 1 | $ 89,000 | $ 89,000 | $ 72,000 |
Manassas County Virginia | 1 | $ 400,000 | $ 400,000 | $ 198,000 |
Virginia Beach County Virginia | 1 | $ 241,000 | $ 241,000 | $ 100,000 |
Clark County Washington | 1 | $ 315,000 | $ 315,000 | $ 60,000 |
Spokane County Washington | 1 | $ 333,000 | $ 333,000 | $ 160,000 |
Dane County Wisconsin | 1 | $ 330,000 | $ 330,000 | $ 159,000 |
Douglas County Wisconsin | 1 | $ 104,000 | $ 104,000 | $ 50,000 |
Fond du Lac County Wisconsin | 1 | $ 184,000 | $ 184,000 | $ 31,000 |
Langlade County Wisconsin | 1 | $ 76,000 | $ 76,000 | $ 48,000 |
Oconto County Wisconsin | 1 | $ 52,000 | $ 52,000 | $ 48,000 |
Waukesha County Wisconsin | 1 | $ 164,000 | $ 164,000 | $ 119,000 |
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.
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 | 1,433 | $305,007,000 | $212,000 | $1,523,000 | $98,000 | $945,000 |
Home Purchase | 770 | $145,200,000 | $188,000 | $2,080,000 | $96,000 | $1,250,000 |
Home Improvement | 1 | $357,000 | $357,000 | $357,000 | $76,000 | $76,000 |
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 | 1,684 | $356,717,000 | $211,000 | $2,080,000 | $102,000 | $1,250,000 |
Black or African American | 186 | $26,748,000 | $143,000 | $1,140,000 | $82,000 | $945,000 |
Hispanic | 126 | $23,946,000 | $190,000 | $630,000 | $63,000 | $170,000 |
Not Provided | 110 | $20,010,000 | $181,000 | $648,000 | $92,000 | $525,000 |
Asian | 88 | $21,284,000 | $241,000 | $482,000 | $100,000 | $391,000 |
Native Hawaiian or Other Pacific Islander | 6 | $1,319,000 | $219,000 | $413,000 | $82,000 | $132,000 |
American Indian or Alaskan Native | 4 | $540,000 | $135,000 | $230,000 | $90,000 | $116,000 |
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) | 2,181 | $446,570,000 | $204,000 | $2,080,000 | $98,000 | $1,250,000 |
FHA-insured (Federal Housing Administration) | 19 | $3,568,000 | $187,000 | $376,000 | $76,000 | $161,000 |
FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $426,000 | $106,000 | $155,000 | $41,000 | $70,000 |
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 | 972 | $196,043,000 | $201,000 | $1,000,000 | $97,000 | $541,000 |
Application Denied By Financial Institution | 553 | $113,746,000 | $205,000 | $2,080,000 | $95,000 | $945,000 |
File Closed For Incompleteness | 479 | $99,330,000 | $207,000 | $1,523,000 | $100,000 | $1,250,000 |
Application Withdrawn By Applicant | 177 | $37,270,000 | $210,000 | $1,140,000 | $104,000 | $690,000 |
Application Approved But Not Accepted | 23 | $4,175,000 | $181,000 | $417,000 | $87,000 | $216,000 |
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 |
---|---|---|---|---|---|---|
Debt-To-Income Ratio | 154 | $34,563,000 | $224,000 | $2,080,000 | $70,000 | $576,000 |
Credit History | 114 | $19,463,000 | $170,000 | $1,125,000 | $74,000 | $624,000 |
Collateral | 92 | $20,047,000 | $217,000 | $1,000,000 | $126,000 | $610,000 |
Other | 91 | $17,441,000 | $191,000 | $948,000 | $125,000 | $591,000 |
Mortgage Insurance Denied | 35 | $6,299,000 | $179,000 | $455,000 | $68,000 | $170,000 |
Unverifiable Information | 18 | $3,123,000 | $173,000 | $334,000 | $80,000 | $180,000 |
Employment History | 18 | $4,467,000 | $248,000 | $696,000 | $125,000 | $492,000 |
Credit Application Incomplete | 15 | $4,001,000 | $266,000 | $482,000 | $121,000 | $391,000 |
Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,366,000 | $273,000 | $530,000 | $115,000 | $225,000 |
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.