Range Bank Mortgage Lending & HMDA Data, 2022

In 2022, Range Bank of Marquette, MI reported 462 mortgage applications totaling $81.3 million, down 48% from 2021. The average application was for $175,952, and applicants reported an average income of $106,231. 85% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Green Bay, WI (36), Appleton, WI (3) and North Port-Sarasota-Bradenton, FL (2) (applications in parentheses).

Mortgage Company & Address Range Bank
100 N Front St
Marquette, MI 49855
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  
Total Number of Mortgage Applications 462
Total Mortgage Loan Application Amount $81,290,000
Average Mortgage Loan Application Amount $175,952
Highest Mortgage Loan Application Amount $1,555,000
Average Applicant Income $106,231
Highest Applicant Income $1,374,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Range Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Download the Michigan Lender List

Mortgage Loan Application Detail Totals for Range Bank in 2022

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 243 $48,645,000 $200,000 $1,555,000 $114,000 $1,374,000
Cash-out Refinancing 130 $15,430,000 $118,000 $755,000 $100,000 $460,000
Refinancing 84 $16,040,000 $190,000 $525,000 $97,000 $366,000
Home Improvement 4 $1,160,000 $290,000 $765,000 $54,000 $58,000
Other Purpose 1 $15,000 $15,000 $15,000 $13,000 $13,000
Not Applicable 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 393 $65,255,000 $166,000 $755,000 $105,000 $1,374,000
Not applicable 49 $11,715,000 $239,000 $1,555,000 $233,000 $233,000
Not Provided 9 $1,845,000 $205,000 $395,000 $148,000 $305,000
Asian 5 $675,000 $135,000 $245,000 $46,000 $94,000
Hispanic 3 $985,000 $328,000 $545,000 $250,000 $508,000
American Indian or Alaskan Native 2 $130,000 $65,000 $85,000 $48,000 $48,000
Black or African American 1 $685,000 $685,000 $685,000 $202,000 $202,000
Native Hawaiian or Other Pacific Islander 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) 462 $81,290,000 $175,000 $1,555,000 $107,000 $1,374,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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 393 $70,285,000 $178,000 $1,555,000 $112,000 $1,374,000
Application Withdrawn By Applicant 34 $5,770,000 $169,000 $505,000 $91,000 $215,000
Application Denied By Financial Institution 20 $2,320,000 $116,000 $375,000 $57,000 $128,000
Preapproval Denied by Financial Institution 15 $2,915,000 $194,000 $685,000 $66,000 $202,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 427 $76,055,000 $178,000 $1,555,000 $111,000 $1,374,000
Credit History 16 $2,380,000 $148,000 $685,000 $62,000 $202,000
Debt-To-Income Ratio 10 $1,640,000 $164,000 $375,000 $62,000 $100,000
Collateral 4 $540,000 $135,000 $185,000 $63,000 $85,000
Other 2 $370,000 $185,000 $245,000 $93,000 $100,000
Employment History 2 $240,000 $120,000 $165,000 $7,000 $7,000
Unverifiable Information 1 $65,000 $65,000 $65,000 $37,000 $37,000
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Range Bank's 2022 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 Range Bank'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.

Download the Michigan Lender List