Range Bank Mortgage Lending & HMDA Data, 2023

In 2023, Range Bank of Marquette, MI reported 348 mortgage applications totaling $61.6 million, down 25% from 2022. The average application was for $176,954, and applicants reported an average income of $119,608. 87% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Green Bay, WI (24), Oshkosh-Neenah, WI (8) and Appleton, WI (4) (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 348
Total Mortgage Loan Application Amount $61,580,000
Average Mortgage Loan Application Amount $176,954
Highest Mortgage Loan Application Amount $1,605,000
Average Applicant Income $119,608
Highest Applicant Income $994,000

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Act (HMDA) records Range Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Range Bank 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 171 $36,145,000 $211,000 $1,605,000 $125,000 $994,000
Cash-out Refinancing 122 $12,820,000 $105,000 $1,385,000 $113,000 $750,000
Refinancing 49 $11,385,000 $232,000 $725,000 $119,000 $438,000
Other Purpose 3 $165,000 $55,000 $85,000 $91,000 $100,000
Home Improvement 3 $1,065,000 $355,000 $585,000 $0 $0
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 284 $47,010,000 $165,000 $725,000 $121,000 $994,000
Not applicable 48 $11,880,000 $247,000 $1,605,000 $0 $0
Not Provided 5 $655,000 $131,000 $315,000 $87,000 $125,000
Hispanic 5 $655,000 $131,000 $175,000 $82,000 $109,000
American Indian or Alaskan Native 2 $360,000 $180,000 $185,000 $139,000 $163,000
Asian 2 $630,000 $315,000 $365,000 $118,000 $132,000
Black or African American 2 $390,000 $195,000 $285,000 $65,000 $90,000
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) 348 $61,580,000 $176,000 $1,605,000 $120,000 $994,000
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 303 $55,555,000 $183,000 $1,605,000 $125,000 $994,000
Application Approved But Not Accepted 28 $4,120,000 $147,000 $365,000 $95,000 $240,000
Application Denied By Financial Institution 8 $470,000 $58,000 $155,000 $59,000 $109,000
Application Withdrawn By Applicant 7 $1,015,000 $145,000 $465,000 $90,000 $152,000
Preapproval Approved but not Accepted 1 $205,000 $205,000 $205,000 $165,000 $165,000
Preapproval Denied by Financial Institution 1 $215,000 $215,000 $215,000 $22,000 $22,000
Loan Purchased By The Institution 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 339 $60,895,000 $179,000 $1,605,000 $122,000 $994,000
Credit History 4 $360,000 $90,000 $155,000 $64,000 $109,000
Debt-To-Income Ratio 2 $230,000 $115,000 $215,000 $42,000 $63,000
Other 2 $60,000 $30,000 $35,000 $48,000 $58,000
Employment History 1 $35,000 $35,000 $35,000 $61,000 $61,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

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

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