Ross Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2021
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 Ross Mortgage Corporation.
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 | Ross Mortgage Corporation 2075 W. Big Beaver, Suite 700 Troy, MI 48084 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,414 |
| Total Mortgage Loan Application Amount | $536,460,000 |
| Average Mortgage Loan Application Amount | $217,333 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $103,333 |
| Highest Applicant Income | $3,157,000 |
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 |
|---|---|---|---|---|
| Oakland County Michigan | 728 | $ 191,370,000 | $ 262,000 | $ 119,000 |
| Wayne County Michigan | 505 | $ 90,505,000 | $ 179,000 | $ 87,000 |
| Macomb County Michigan | 213 | $ 39,395,000 | $ 184,000 | $ 78,000 |
| Genesee County Michigan | 179 | $ 30,545,000 | $ 170,000 | $ 77,000 |
| Livingston County Michigan | 90 | $ 23,980,000 | $ 266,000 | $ 104,000 |
| Barren County Kentucky | 68 | $ 13,290,000 | $ 195,000 | $ 93,000 |
| Lapeer County Michigan | 41 | $ 8,875,000 | $ 216,000 | $ 86,000 |
| Monroe County Michigan | 33 | $ 6,895,000 | $ 208,000 | $ 73,000 |
| Washtenaw County Michigan | 33 | $ 9,145,000 | $ 277,000 | $ 118,000 |
| Warren County Kentucky | 29 | $ 6,235,000 | $ 215,000 | $ 68,000 |
| St. Clair County Michigan | 22 | $ 5,320,000 | $ 241,000 | $ 113,000 |
| Marion County Florida | 21 | $ 4,435,000 | $ 211,000 | $ 105,000 |
| Logan County Kentucky | 19 | $ 3,675,000 | $ 193,000 | $ 62,000 |
| Metcalfe County Kentucky | 11 | $ 1,215,000 | $ 110,000 | $ 47,000 |
| Ingham County Michigan | 11 | $ 2,145,000 | $ 195,000 | $ 85,000 |
| Saginaw County Michigan | 11 | $ 1,745,000 | $ 158,000 | $ 74,000 |
| Shiawassee County Michigan | 11 | $ 1,515,000 | $ 137,000 | $ 75,000 |
| Allen County Kentucky | 10 | $ 1,540,000 | $ 154,000 | $ 58,000 |
| Hart County Kentucky | 9 | $ 1,445,000 | $ 160,000 | $ 58,000 |
| Emmet County Michigan | 9 | $ 1,925,000 | $ 213,000 | $ 131,000 |
| Hillsborough County Florida | 8 | $ 2,380,000 | $ 297,000 | $ 98,000 |
| Jackson County Michigan | 7 | $ 1,555,000 | $ 222,000 | $ 91,000 |
| Kent County Michigan | 7 | $ 1,975,000 | $ 282,000 | $ 122,000 |
| Mecklenburg County North Carolina | 7 | $ 2,865,000 | $ 409,000 | $ 121,000 |
| Richland County South Carolina | 7 | $ 1,655,000 | $ 236,000 | $ 63,000 |
| Culpeper County Virginia | 7 | $ 2,525,000 | $ 360,000 | $ 93,000 |
| Antrim County Michigan | 6 | $ 2,190,000 | $ 365,000 | $ 249,000 |
| Charlevoix County Michigan | 5 | $ 1,465,000 | $ 293,000 | $ 811,000 |
| Gladwin County Michigan | 5 | $ 715,000 | $ 143,000 | $ 389,000 |
| Grand Traverse County Michigan | 5 | $ 1,295,000 | $ 259,000 | $ 142,000 |
| Lenawee County Michigan | 5 | $ 1,065,000 | $ 213,000 | $ 57,000 |
| Montmorency County Michigan | 5 | $ 525,000 | $ 105,000 | $ 76,000 |
| Citrus County Florida | 4 | $ 820,000 | $ 205,000 | $ 55,000 |
| Pinellas County Florida | 4 | $ 1,370,000 | $ 342,000 | $ 270,000 |
| Edmonson County Kentucky | 4 | $ 730,000 | $ 182,000 | $ 71,000 |
| Pulaski County Kentucky | 4 | $ 690,000 | $ 172,000 | $ 55,000 |
| Simpson County Kentucky | 4 | $ 950,000 | $ 237,000 | $ 93,000 |
| Clinton County Michigan | 4 | $ 880,000 | $ 220,000 | $ 59,000 |
| Roscommon County Michigan | 4 | $ 750,000 | $ 187,000 | $ 168,000 |
| Tuscola County Michigan | 4 | $ 520,000 | $ 130,000 | $ 71,000 |
| Albemarle County Virginia | 4 | $ 1,040,000 | $ 260,000 | $ 71,000 |
| Greene County Virginia | 4 | $ 1,020,000 | $ 255,000 | $ 83,000 |
| Orange County Virginia | 4 | $ 1,120,000 | $ 280,000 | $ 93,000 |
| Charlotte County Florida | 3 | $ 675,000 | $ 225,000 | $ 57,000 |
| Collier County Florida | 3 | $ 705,000 | $ 235,000 | $ 320,000 |
| Lake County Florida | 3 | $ 635,000 | $ 211,000 | $ 129,000 |
| Lee County Florida | 3 | $ 1,125,000 | $ 375,000 | $ 113,000 |
| Palm Beach County Florida | 3 | $ 1,085,000 | $ 361,000 | $ 107,000 |
| Putnam County Florida | 3 | $ 485,000 | $ 161,000 | $ 39,000 |
| Sarasota County Florida | 3 | $ 555,000 | $ 185,000 | $ 118,000 |
| Fayette County Kentucky | 3 | $ 725,000 | $ 241,000 | $ 103,000 |
| Bay County Michigan | 3 | $ 325,000 | $ 108,000 | $ 51,000 |
| Gratiot County Michigan | 3 | $ 325,000 | $ 108,000 | $ 70,000 |
| Montcalm County Michigan | 3 | $ 635,000 | $ 211,000 | $ 137,000 |
| Oscoda County Michigan | 3 | $ 485,000 | $ 161,000 | $ 111,000 |
| Otsego County Michigan | 3 | $ 1,225,000 | $ 408,000 | $ 152,000 |
| Forsyth County North Carolina | 3 | $ 775,000 | $ 258,000 | $ 91,000 |
| Wake County North Carolina | 3 | $ 1,545,000 | $ 515,000 | $ 77,000 |
| Franklin County Ohio | 3 | $ 765,000 | $ 255,000 | $ 98,000 |
| Fayette County Pennsylvania | 3 | $ 815,000 | $ 271,000 | $ 56,000 |
| Aiken County South Carolina | 3 | $ 845,000 | $ 281,000 | $ 75,000 |
| Berkeley County South Carolina | 3 | $ 855,000 | $ 285,000 | $ 72,000 |
| Davidson County Tennessee | 3 | $ 595,000 | $ 198,000 | $ 107,000 |
| Sumner County Tennessee | 3 | $ 605,000 | $ 201,000 | $ 105,000 |
| Wilson County Tennessee | 3 | $ 1,035,000 | $ 345,000 | $ 199,000 |
| Fauquier County Virginia | 3 | $ 1,085,000 | $ 361,000 | $ 70,000 |
| Fluvanna County Virginia | 3 | $ 725,000 | $ 241,000 | $ 52,000 |
| Madison County Virginia | 3 | $ 1,135,000 | $ 378,000 | $ 91,000 |
| Rockingham County Virginia | 3 | $ 755,000 | $ 251,000 | $ 78,000 |
| Spotsylvania County Virginia | 3 | $ 945,000 | $ 315,000 | $ 98,000 |
| Stafford County Virginia | 3 | $ 1,065,000 | $ 355,000 | $ 98,000 |
| Orange County Florida | 2 | $ 360,000 | $ 180,000 | $ 50,000 |
| Pasco County Florida | 2 | $ 460,000 | $ 230,000 | $ 82,000 |
| Columbia County Georgia | 2 | $ 530,000 | $ 265,000 | $ 58,000 |
| Howard County Indiana | 2 | $ 270,000 | $ 135,000 | $ 69,000 |
| Adair County Kentucky | 2 | $ 250,000 | $ 125,000 | $ 56,000 |
| Henry County Kentucky | 2 | $ 520,000 | $ 260,000 | $ 120,000 |
| Monroe County Kentucky | 2 | $ 210,000 | $ 105,000 | $ 63,000 |
| Oldham County Kentucky | 2 | $ 360,000 | $ 180,000 | $ 70,000 |
| Taylor County Kentucky | 2 | $ 390,000 | $ 195,000 | $ 62,000 |
| Trigg County Kentucky | 2 | $ 250,000 | $ 125,000 | $ 176,000 |
| Arenac County Michigan | 2 | $ 180,000 | $ 90,000 | $ 116,000 |
| Calhoun County Michigan | 2 | $ 280,000 | $ 140,000 | $ 109,000 |
| Clare County Michigan | 2 | $ 190,000 | $ 95,000 | $ 82,000 |
| Kalamazoo County Michigan | 2 | $ 390,000 | $ 195,000 | $ 143,000 |
| Mason County Michigan | 2 | $ 340,000 | $ 170,000 | $ 97,000 |
| Sanilac County Michigan | 2 | $ 430,000 | $ 215,000 | $ 69,000 |
| Carteret County North Carolina | 2 | $ 830,000 | $ 415,000 | $ 221,000 |
| Gaston County North Carolina | 2 | $ 440,000 | $ 220,000 | $ 55,000 |
| Onslow County North Carolina | 2 | $ 400,000 | $ 200,000 | $ 179,000 |
| Summit County Ohio | 2 | $ 250,000 | $ 125,000 | $ 108,000 |
| Warren County Ohio | 2 | $ 440,000 | $ 220,000 | $ 128,000 |
| Charleston County South Carolina | 2 | $ 3,010,000 | $ 1,505,000 | $ 137,000 |
| Hamblen County Tennessee | 2 | $ 510,000 | $ 255,000 | $ 52,000 |
| Robertson County Tennessee | 2 | $ 260,000 | $ 130,000 | $ 46,000 |
| Sevier County Tennessee | 2 | $ 440,000 | $ 220,000 | $ 98,000 |
| Chesterfield County Virginia | 2 | $ 410,000 | $ 205,000 | $ 41,000 |
| Powhatan County Virginia | 2 | $ 490,000 | $ 245,000 | $ 102,000 |
| Prince William County Virginia | 2 | $ 700,000 | $ 350,000 | $ 83,000 |
| Bay County Florida | 1 | $ 295,000 | $ 295,000 | $ 77,000 |
| Broward County Florida | 1 | $ 285,000 | $ 285,000 | $ 107,000 |
| Manatee County Florida | 1 | $ 445,000 | $ 445,000 | $ 200,000 |
| Seminole County Florida | 1 | $ 95,000 | $ 95,000 | $ 0 |
| St. Johns County Florida | 1 | $ 475,000 | $ 475,000 | $ 135,000 |
| Volusia County Florida | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Bryan County Georgia | 1 | $ 135,000 | $ 135,000 | $ 78,000 |
| Catoosa County Georgia | 1 | $ 145,000 | $ 145,000 | $ 69,000 |
| Chatham County Georgia | 1 | $ 145,000 | $ 145,000 | $ 108,000 |
| Cherokee County Georgia | 1 | $ 235,000 | $ 235,000 | $ 92,000 |
| Henry County Georgia | 1 | $ 285,000 | $ 285,000 | $ 63,000 |
| Upson County Georgia | 1 | $ 145,000 | $ 145,000 | $ 79,000 |
| Marshall County Indiana | 1 | $ 255,000 | $ 255,000 | $ 63,000 |
| Tippecanoe County Indiana | 1 | $ 155,000 | $ 155,000 | $ 83,000 |
| Bath County Kentucky | 1 | $ 305,000 | $ 305,000 | $ 129,000 |
| Boone County Kentucky | 1 | $ 155,000 | $ 155,000 | $ 119,000 |
| Boyle County Kentucky | 1 | $ 135,000 | $ 135,000 | $ 84,000 |
| Carroll County Kentucky | 1 | $ 165,000 | $ 165,000 | $ 81,000 |
| Christian County Kentucky | 1 | $ 205,000 | $ 205,000 | $ 113,000 |
| Cumberland County Kentucky | 1 | $ 75,000 | $ 75,000 | $ 60,000 |
| Gallatin County Kentucky | 1 | $ 155,000 | $ 155,000 | $ 53,000 |
| Grayson County Kentucky | 1 | $ 155,000 | $ 155,000 | $ 73,000 |
| Hardin County Kentucky | 1 | $ 195,000 | $ 195,000 | $ 80,000 |
| Jefferson County Kentucky | 1 | $ 125,000 | $ 125,000 | $ 110,000 |
| Johnson County Kentucky | 1 | $ 115,000 | $ 115,000 | $ 34,000 |
| Larue County Kentucky | 1 | $ 155,000 | $ 155,000 | $ 105,000 |
| Laurel County Kentucky | 1 | $ 215,000 | $ 215,000 | $ 57,000 |
| Magoffin County Kentucky | 1 | $ 95,000 | $ 95,000 | $ 34,000 |
| Ohio County Kentucky | 1 | $ 115,000 | $ 115,000 | $ 49,000 |
| Todd County Kentucky | 1 | $ 255,000 | $ 255,000 | $ 110,000 |
| Livingston County Louisiana | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Orleans County Louisiana | 1 | $ 195,000 | $ 195,000 | $ 369,000 |
| Alcona County Michigan | 1 | $ 195,000 | $ 195,000 | $ 215,000 |
| Benzie County Michigan | 1 | $ 335,000 | $ 335,000 | $ 71,000 |
| Branch County Michigan | 1 | $ 35,000 | $ 35,000 | $ 36,000 |
| Crawford County Michigan | 1 | $ 95,000 | $ 95,000 | $ 53,000 |
| Delta County Michigan | 1 | $ 305,000 | $ 305,000 | $ 154,000 |
| Eaton County Michigan | 1 | $ 115,000 | $ 115,000 | $ 44,000 |
| Houghton County Michigan | 1 | $ 105,000 | $ 105,000 | $ 19,000 |
| Huron County Michigan | 1 | $ 125,000 | $ 125,000 | $ 122,000 |
| Iosco County Michigan | 1 | $ 155,000 | $ 155,000 | $ 113,000 |
| Isabella County Michigan | 1 | $ 325,000 | $ 325,000 | $ 77,000 |
| Lake County Michigan | 1 | $ 355,000 | $ 355,000 | $ 187,000 |
| Leelanau County Michigan | 1 | $ 185,000 | $ 185,000 | $ 66,000 |
| Marquette County Michigan | 1 | $ 135,000 | $ 135,000 | $ 148,000 |
| Mecosta County Michigan | 1 | $ 105,000 | $ 105,000 | $ 59,000 |
| Midland County Michigan | 1 | $ 365,000 | $ 365,000 | $ 330,000 |
| Muskegon County Michigan | 1 | $ 405,000 | $ 405,000 | $ 342,000 |
| Oceana County Michigan | 1 | $ 335,000 | $ 335,000 | $ 76,000 |
| Ogemaw County Michigan | 1 | $ 175,000 | $ 175,000 | $ 113,000 |
| Osceola County Michigan | 1 | $ 205,000 | $ 205,000 | $ 270,000 |
| Wexford County Michigan | 1 | $ 125,000 | $ 125,000 | $ 70,000 |
| Avery County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Cabarrus County North Carolina | 1 | $ 135,000 | $ 135,000 | $ 44,000 |
| Catawba County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 68,000 |
| Cumberland County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
| Dare County North Carolina | 1 | $ 505,000 | $ 505,000 | $ 235,000 |
| Davidson County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 48,000 |
| Harnett County North Carolina | 1 | $ 195,000 | $ 195,000 | $ 98,000 |
| Iredell County North Carolina | 1 | $ 225,000 | $ 225,000 | $ 38,000 |
| Lincoln County North Carolina | 1 | $ 345,000 | $ 345,000 | $ 62,000 |
| Mitchell County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 77,000 |
| Moore County North Carolina | 1 | $ 545,000 | $ 545,000 | $ 120,000 |
| Nash County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 55,000 |
| Orange County North Carolina | 1 | $ 265,000 | $ 265,000 | $ 145,000 |
| Rowan County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 46,000 |
| Stanly County North Carolina | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Union County North Carolina | 1 | $ 415,000 | $ 415,000 | $ 56,000 |
| Allen County Ohio | 1 | $ 125,000 | $ 125,000 | $ 78,000 |
| Butler County Ohio | 1 | $ 195,000 | $ 195,000 | $ 184,000 |
| Crawford County Ohio | 1 | $ 165,000 | $ 165,000 | $ 104,000 |
| Lorain County Ohio | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Pike County Ohio | 1 | $ 265,000 | $ 265,000 | $ 196,000 |
| York County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 152,000 |
| Dorchester County South Carolina | 1 | $ 285,000 | $ 285,000 | $ 78,000 |
| Florence County South Carolina | 1 | $ 295,000 | $ 295,000 | $ 80,000 |
| Jasper County South Carolina | 1 | $ 295,000 | $ 295,000 | $ 106,000 |
| York County South Carolina | 1 | $ 665,000 | $ 665,000 | $ 92,000 |
| Hamilton County Tennessee | 1 | $ 205,000 | $ 205,000 | $ 132,000 |
| Jefferson County Tennessee | 1 | $ 255,000 | $ 255,000 | $ 54,000 |
| Knox County Tennessee | 1 | $ 185,000 | $ 185,000 | $ 67,000 |
| Lincoln County Tennessee | 1 | $ 265,000 | $ 265,000 | $ 78,000 |
| Macon County Tennessee | 1 | $ 245,000 | $ 245,000 | $ 59,000 |
| Montgomery County Tennessee | 1 | $ 265,000 | $ 265,000 | $ 63,000 |
| Rutherford County Tennessee | 1 | $ 145,000 | $ 145,000 | $ 69,000 |
| Tipton County Tennessee | 1 | $ 115,000 | $ 115,000 | $ 55,000 |
| Washington County Tennessee | 1 | $ 685,000 | $ 685,000 | $ 254,000 |
| Amherst County Virginia | 1 | $ 325,000 | $ 325,000 | $ 79,000 |
| Augusta County Virginia | 1 | $ 295,000 | $ 295,000 | $ 73,000 |
| Caroline County Virginia | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Charlottesville County Virginia | 1 | $ 365,000 | $ 365,000 | $ 202,000 |
| Cumberland County Virginia | 1 | $ 265,000 | $ 265,000 | $ 39,000 |
| Fairfax County Virginia | 1 | $ 785,000 | $ 785,000 | $ 184,000 |
| Frederick County Virginia | 1 | $ 375,000 | $ 375,000 | $ 124,000 |
| King George County Virginia | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| Manassas County Virginia | 1 | $ 365,000 | $ 365,000 | $ 80,000 |
| Page County Virginia | 1 | $ 505,000 | $ 505,000 | $ 252,000 |
| Patrick County Virginia | 1 | $ 315,000 | $ 315,000 | $ 53,000 |
| Prince George County Virginia | 1 | $ 215,000 | $ 215,000 | $ 58,000 |
| Rappahannock County Virginia | 1 | $ 295,000 | $ 295,000 | $ 113,000 |
| Warren County Virginia | 1 | $ 205,000 | $ 205,000 | $ 37,000 |
| Chippewa County Wisconsin | 1 | $ 215,000 | $ 215,000 | $ 104,000 |
| Jefferson County Wisconsin | 1 | $ 365,000 | $ 365,000 | $ 147,000 |
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.
Mortgage Loan Application Detail Totals for Ross Mortgage Corporation in 2021
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 | 1,383 | $320,055,000 | $231,000 | $1,505,000 | $95,000 | $3,157,000 |
| Refinancing | 627 | $129,415,000 | $206,000 | $1,135,000 | $108,000 | $659,000 |
| Cash-out Refinancing | 404 | $86,990,000 | $215,000 | $915,000 | $107,000 | $862,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1,637 | $360,415,000 | $220,000 | $1,505,000 | $101,000 | $3,157,000 |
| Not Provided | 548 | $127,170,000 | $232,000 | $1,505,000 | $100,000 | $569,000 |
| Black or African American | 107 | $19,715,000 | $184,000 | $565,000 | $72,000 | $369,000 |
| Hispanic | 74 | $15,990,000 | $216,000 | $485,000 | $92,000 | $468,000 |
| Asian | 38 | $10,300,000 | $271,000 | $785,000 | $130,000 | $429,000 |
| American Indian or Alaskan Native | 7 | $2,125,000 | $303,000 | $785,000 | $88,000 | $184,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $745,000 | $248,000 | $325,000 | $65,000 | $79,000 |
| 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) | 1,788 | $402,650,000 | $225,000 | $1,155,000 | $110,000 | $3,157,000 |
| FHA-insured (Federal Housing Administration) | 361 | $63,585,000 | $176,000 | $455,000 | $61,000 | $245,000 |
| VA-guaranteed (Veterans Administration) | 209 | $60,845,000 | $291,000 | $1,505,000 | $89,000 | $371,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 56 | $9,380,000 | $167,000 | $375,000 | $54,000 | $132,000 |
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 | 1,979 | $435,895,000 | $220,000 | $1,155,000 | $99,000 | $1,195,000 |
| Application Withdrawn By Applicant | 169 | $43,595,000 | $257,000 | $1,505,000 | $124,000 | $3,157,000 |
| Application Denied By Financial Institution | 128 | $27,650,000 | $216,000 | $1,505,000 | $83,000 | $704,000 |
| File Closed For Incompleteness | 85 | $18,245,000 | $214,000 | $785,000 | $104,000 | $468,000 |
| Application Approved But Not Accepted | 46 | $9,250,000 | $201,000 | $545,000 | $86,000 | $252,000 |
| Preapproval Approved but not Accepted | 5 | $1,545,000 | $309,000 | $455,000 | $84,000 | $104,000 |
| Preapproval Denied by Financial Institution | 2 | $280,000 | $140,000 | $165,000 | $29,000 | $35,000 |
| Loan Purchased By The 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 | 2,284 | $508,530,000 | $222,000 | $1,505,000 | $101,000 | $3,157,000 |
| Collateral | 54 | $11,590,000 | $214,000 | $915,000 | $88,000 | $245,000 |
| Credit History | 26 | $4,390,000 | $168,000 | $465,000 | $70,000 | $195,000 |
| Debt-To-Income Ratio | 22 | $7,090,000 | $322,000 | $1,505,000 | $87,000 | $704,000 |
| Employment History | 15 | $2,815,000 | $187,000 | $325,000 | $52,000 | $134,000 |
| Other | 10 | $1,250,000 | $125,000 | $255,000 | $86,000 | $245,000 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $127,000 | $127,000 |
| Credit Application Incomplete | 1 | $285,000 | $285,000 | $285,000 | $92,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $205,000 | $205,000 | $205,000 | $343,000 | $343,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
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.