Sallie Mae Home Loans
Mortgage Loan Application
Totals and Details
for 2006

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 Sallie Mae Home Loans.
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 Sallie Mae Home Loans
28175 Cabot Dr
Novi, MI 48377
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 9,239
Total Mortgage Loan Application Amount $1,561,442,000
Average Mortgage Loan Application Amount $180,333
Highest Mortgage Loan Application Amount $2,860,000
Average Applicant Income $86,000
Highest Applicant Income $2,292,000

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.

Mortgage Loan Application Totals for Sallie Mae Home Loans by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Tehama County California 1 $ 115,000 $ 115,000 $ 132,000
Broomfield County Colorado 1 $ 216,000 $ 216,000 $ 16,000
Las Animas County Colorado 1 $ 100,000 $ 100,000 $ 79,000
Montezuma County Colorado 1 $ 80,000 $ 80,000 $ 42,000
Park County Colorado 1 $ 148,000 $ 148,000 $ 130,000
Charlotte County Florida 1 $ 350,000 $ 350,000 $ 110,000
Citrus County Florida 1 $ 232,000 $ 232,000 $ 58,000
Gadsden County Florida 1 $ 257,000 $ 257,000 $ 55,000
Jefferson County Florida 1 $ 71,000 $ 71,000 $ 84,000
Okeechobee County Florida 1 $ 152,000 $ 152,000 $ 95,000
Washington County Florida 1 $ 90,000 $ 90,000 $ 60,000
Coffee County Georgia 1 $ 135,000 $ 135,000 $ 30,000
Coweta County Georgia 1 $ 160,000 $ 160,000 $ 53,000
Gilmer County Georgia 1 $ 146,000 $ 146,000 $ 95,000
Lee County Georgia 1 $ 141,000 $ 141,000 $ 54,000
Richmond County Georgia 1 $ 161,000 $ 161,000 $ 72,000
Thomas County Georgia 1 $ 150,000 $ 150,000 $ 45,000
Franklin County Idaho 1 $ 85,000 $ 85,000 $ 27,000
Effingham County Illinois 1 $ 40,000 $ 40,000 $ 25,000
Grundy County Illinois 1 $ 164,000 $ 164,000 $ 53,000
Hancock County Illinois 1 $ 61,000 $ 61,000 $ 31,000
Henry County Illinois 1 $ 51,000 $ 51,000 $ 68,000
Iroquois County Illinois 1 $ 181,000 $ 181,000 $ 95,000
Kankakee County Illinois 1 $ 256,000 $ 256,000 $ 0
LaSalle County Illinois 1 $ 135,000 $ 135,000 $ 70,000
Macoupin County Illinois 1 $ 75,000 $ 75,000 $ 64,000
McDonough County Illinois 1 $ 104,000 $ 104,000 $ 37,000
Randolph County Illinois 1 $ 81,000 $ 81,000 $ 54,000
Sangamon County Illinois 1 $ 53,000 $ 53,000 $ 105,000
Wabash County Illinois 1 $ 72,000 $ 72,000 $ 41,000
Whiteside County Illinois 1 $ 148,000 $ 148,000 $ 89,000
Adams County Indiana 1 $ 34,000 $ 34,000 $ 56,000
Bartholomew County Indiana 1 $ 80,000 $ 80,000 $ 81,000
Brown County Indiana 1 $ 44,000 $ 44,000 $ 82,000
Clay County Indiana 1 $ 101,000 $ 101,000 $ 39,000
Dearborn County Indiana 1 $ 135,000 $ 135,000 $ 41,000
Franklin County Indiana 1 $ 181,000 $ 181,000 $ 85,000
Gibson County Indiana 1 $ 80,000 $ 80,000 $ 35,000
Grant County Indiana 1 $ 54,000 $ 54,000 $ 35,000
Harrison County Indiana 1 $ 146,000 $ 146,000 $ 48,000
LaGrange County Indiana 1 $ 125,000 $ 125,000 $ 113,000
Lawrence County Indiana 1 $ 144,000 $ 144,000 $ 112,000
Montgomery County Indiana 1 $ 191,000 $ 191,000 $ 54,000
Owen County Indiana 1 $ 56,000 $ 56,000 $ 75,000
Putnam County Indiana 1 $ 150,000 $ 150,000 $ 46,000
Tipton County Indiana 1 $ 60,000 $ 60,000 $ 43,000
Whitley County Indiana 1 $ 138,000 $ 138,000 $ 45,000
Dallas County Iowa 1 $ 120,000 $ 120,000 $ 51,000
Des Moines County Iowa 1 $ 100,000 $ 100,000 $ 60,000
Dubuque County Iowa 1 $ 228,000 $ 228,000 $ 160,000
Humboldt County Iowa 1 $ 29,000 $ 29,000 $ 55,000
Linn County Iowa 1 $ 92,000 $ 92,000 $ 126,000
Madison County Iowa 1 $ 183,000 $ 183,000 $ 97,000
Mills County Iowa 1 $ 63,000 $ 63,000 $ 33,000
Wayne County Iowa 1 $ 113,000 $ 113,000 $ 60,000
Webster County Iowa 1 $ 51,000 $ 51,000 $ 0
Butler County Kansas 1 $ 108,000 $ 108,000 $ 64,000
Cloud County Kansas 1 $ 48,000 $ 48,000 $ 84,000
Cowley County Kansas 1 $ 83,000 $ 83,000 $ 41,000
Crawford County Kansas 1 $ 137,000 $ 137,000 $ 56,000
Dickinson County Kansas 1 $ 153,000 $ 153,000 $ 113,000
Gray County Kansas 1 $ 66,000 $ 66,000 $ 21,000
Jefferson County Kansas 1 $ 40,000 $ 40,000 $ 22,000
Leavenworth County Kansas 1 $ 202,000 $ 202,000 $ 71,000
Pawnee County Kansas 1 $ 176,000 $ 176,000 $ 115,000
Reno County Kansas 1 $ 156,000 $ 156,000 $ 48,000
Rice County Kansas 1 $ 69,000 $ 69,000 $ 87,000
Russell County Kansas 1 $ 99,000 $ 99,000 $ 115,000
Seward County Kansas 1 $ 46,000 $ 46,000 $ 31,000
Shawnee County Kansas 1 $ 308,000 $ 308,000 $ 151,000
Wyandotte County Kansas 1 $ 71,000 $ 71,000 $ 36,000
Boone County Kentucky 1 $ 157,000 $ 157,000 $ 92,000
Bourbon County Kentucky 1 $ 57,000 $ 57,000 $ 26,000
Calloway County Kentucky 1 $ 105,000 $ 105,000 $ 47,000
Christian County Kentucky 1 $ 56,000 $ 56,000 $ 53,000
Hopkins County Kentucky 1 $ 50,000 $ 50,000 $ 0
McCracken County Kentucky 1 $ 269,000 $ 269,000 $ 80,000
Ascension County Louisiana 1 $ 114,000 $ 114,000 $ 29,000
Bossier County Louisiana 1 $ 120,000 $ 120,000 $ 60,000
Orleans County Louisiana 1 $ 50,000 $ 50,000 $ 91,000
Vermilion County Louisiana 1 $ 76,000 $ 76,000 $ 51,000
Hancock County Maine 1 $ 93,000 $ 93,000 $ 0
Knox County Maine 1 $ 50,000 $ 50,000 $ 53,000
Allegany County Maryland 1 $ 296,000 $ 296,000 $ 204,000
Frederick County Maryland 1 $ 224,000 $ 224,000 $ 0
Wicomico County Maryland 1 $ 96,000 $ 96,000 $ 41,000
Baraga County Michigan 1 $ 65,000 $ 65,000 $ 47,000
Barry County Michigan 1 $ 89,000 $ 89,000 $ 17,000
Branch County Michigan 1 $ 74,000 $ 74,000 $ 35,000
Charlevoix County Michigan 1 $ 86,000 $ 86,000 $ 37,000
Crawford County Michigan 1 $ 200,000 $ 200,000 $ 338,000
Ionia County Michigan 1 $ 103,000 $ 103,000 $ 64,000
Isabella County Michigan 1 $ 29,000 $ 29,000 $ 103,000
Mackinac County Michigan 1 $ 53,000 $ 53,000 $ 47,000
Marquette County Michigan 1 $ 76,000 $ 76,000 $ 53,000
Presque Isle County Michigan 1 $ 90,000 $ 90,000 $ 55,000
Tuscola County Michigan 1 $ 43,000 $ 43,000 $ 78,000
Becker County Minnesota 1 $ 81,000 $ 81,000 $ 22,000
Blue Earth County Minnesota 1 $ 32,000 $ 32,000 $ 58,000
Cottonwood County Minnesota 1 $ 131,000 $ 131,000 $ 61,000
Douglas County Minnesota 1 $ 80,000 $ 80,000 $ 72,000
Isanti County Minnesota 1 $ 40,000 $ 40,000 $ 52,000
Lake County Minnesota 1 $ 86,000 $ 86,000 $ 26,000
Lyon County Minnesota 1 $ 89,000 $ 89,000 $ 31,000
Martin County Minnesota 1 $ 102,000 $ 102,000 $ 90,000
Murray County Minnesota 1 $ 67,000 $ 67,000 $ 41,000
Nobles County Minnesota 1 $ 12,000 $ 12,000 $ 58,000
Rice County Minnesota 1 $ 30,000 $ 30,000 $ 83,000
Roseau County Minnesota 1 $ 90,000 $ 90,000 $ 37,000
Scott County Minnesota 1 $ 297,000 $ 297,000 $ 89,000
Sherburne County Minnesota 1 $ 153,000 $ 153,000 $ 50,000
Stearns County Minnesota 1 $ 177,000 $ 177,000 $ 52,000
Swift County Minnesota 1 $ 34,000 $ 34,000 $ 126,000
Wabasha County Minnesota 1 $ 38,000 $ 38,000 $ 51,000
Forrest County Mississippi 1 $ 89,000 $ 89,000 $ 64,000
Itawamba County Mississippi 1 $ 119,000 $ 119,000 $ 98,000
Jackson County Mississippi 1 $ 140,000 $ 140,000 $ 107,000
Lawrence County Mississippi 1 $ 103,000 $ 103,000 $ 62,000
Lee County Mississippi 1 $ 114,000 $ 114,000 $ 35,000
Madison County Mississippi 1 $ 79,000 $ 79,000 $ 48,000
Pike County Mississippi 1 $ 65,000 $ 65,000 $ 23,000
Walthall County Mississippi 1 $ 128,000 $ 128,000 $ 42,000
Audrain County Missouri 1 $ 30,000 $ 30,000 $ 94,000
Benton County Missouri 1 $ 74,000 $ 74,000 $ 119,000
Callaway County Missouri 1 $ 120,000 $ 120,000 $ 69,000
Crawford County Missouri 1 $ 96,000 $ 96,000 $ 42,000
Dallas County Missouri 1 $ 138,000 $ 138,000 $ 77,000
Gasconade County Missouri 1 $ 143,000 $ 143,000 $ 37,000
Howell County Missouri 1 $ 79,000 $ 79,000 $ 91,000
Lafayette County Missouri 1 $ 100,000 $ 100,000 $ 43,000
Pemiscot County Missouri 1 $ 55,000 $ 55,000 $ 45,000
Pike County Missouri 1 $ 39,000 $ 39,000 $ 59,000
Pulaski County Missouri 1 $ 163,000 $ 163,000 $ 56,000
Reynolds County Missouri 1 $ 90,000 $ 90,000 $ 64,000
Saline County Missouri 1 $ 65,000 $ 65,000 $ 35,000
Gallatin County Montana 1 $ 185,000 $ 185,000 $ 93,000
Golden Valley County Montana 1 $ 122,000 $ 122,000 $ 64,000
Lewis and Clark County Montana 1 $ 125,000 $ 125,000 $ 0
Yellowstone County Montana 1 $ 175,000 $ 175,000 $ 67,000
Red Willow County Nebraska 1 $ 77,000 $ 77,000 $ 43,000
Sheridan County Nebraska 1 $ 160,000 $ 160,000 $ 75,000
Catron County New Mexico 1 $ 155,000 $ 155,000 $ 104,000
Curry County New Mexico 1 $ 55,000 $ 55,000 $ 19,000
Lea County New Mexico 1 $ 114,000 $ 114,000 $ 84,000
Mora County New Mexico 1 $ 84,000 $ 84,000 $ 114,000
Rio Arriba County New Mexico 1 $ 96,000 $ 96,000 $ 52,000
Genesee County New York 1 $ 100,000 $ 100,000 $ 0
New York County New York 1 $ 1,120,000 $ 1,120,000 $ 0
Allen County Ohio 1 $ 96,000 $ 96,000 $ 0
Ashtabula County Ohio 1 $ 147,000 $ 147,000 $ 47,000
Clermont County Ohio 1 $ 117,000 $ 117,000 $ 41,000
Columbiana County Ohio 1 $ 178,000 $ 178,000 $ 90,000
Erie County Ohio 1 $ 174,000 $ 174,000 $ 103,000
Geauga County Ohio 1 $ 175,000 $ 175,000 $ 51,000
Guernsey County Ohio 1 $ 82,000 $ 82,000 $ 77,000
Highland County Ohio 1 $ 129,000 $ 129,000 $ 62,000
Holmes County Ohio 1 $ 106,000 $ 106,000 $ 84,000
Madison County Ohio 1 $ 203,000 $ 203,000 $ 98,000
Mercer County Ohio 1 $ 101,000 $ 101,000 $ 59,000
Paulding County Ohio 1 $ 205,000 $ 205,000 $ 58,000
Perry County Ohio 1 $ 75,000 $ 75,000 $ 44,000
Pike County Ohio 1 $ 114,000 $ 114,000 $ 66,000
Washington County Ohio 1 $ 85,000 $ 85,000 $ 24,000
Alfalfa County Oklahoma 1 $ 212,000 $ 212,000 $ 162,000
Carter County Oklahoma 1 $ 100,000 $ 100,000 $ 36,000
Cherokee County Oklahoma 1 $ 105,000 $ 105,000 $ 58,000
Comanche County Oklahoma 1 $ 25,000 $ 25,000 $ 114,000
Creek County Oklahoma 1 $ 135,000 $ 135,000 $ 68,000
Garfield County Oklahoma 1 $ 45,000 $ 45,000 $ 77,000
Le Flore County Oklahoma 1 $ 65,000 $ 65,000 $ 106,000
Mayes County Oklahoma 1 $ 120,000 $ 120,000 $ 36,000
Murray County Oklahoma 1 $ 110,000 $ 110,000 $ 71,000
Okfuskee County Oklahoma 1 $ 186,000 $ 186,000 $ 65,000
Payne County Oklahoma 1 $ 153,000 $ 153,000 $ 59,000
Hood River County Oregon 1 $ 340,000 $ 340,000 $ 96,000
Linn County Oregon 1 $ 35,000 $ 35,000 $ 60,000
Yamhill County Oregon 1 $ 160,000 $ 160,000 $ 43,000
Allegheny County Pennsylvania 1 $ 86,000 $ 86,000 $ 99,000
Chester County Pennsylvania 1 $ 550,000 $ 550,000 $ 148,000
Lancaster County Pennsylvania 1 $ 153,000 $ 153,000 $ 40,000
Luzerne County Pennsylvania 1 $ 95,000 $ 95,000 $ 59,000
Lycoming County Pennsylvania 1 $ 96,000 $ 96,000 $ 48,000
Philadelphia County Pennsylvania 1 $ 210,000 $ 210,000 $ 114,000
Venango County Pennsylvania 1 $ 76,000 $ 76,000 $ 65,000
York County Pennsylvania 1 $ 86,000 $ 86,000 $ 55,000
Allendale County South Carolina 1 $ 95,000 $ 95,000 $ 26,000
Berkeley County South Carolina 1 $ 218,000 $ 218,000 $ 72,000
Lawrence County South Dakota 1 $ 184,000 $ 184,000 $ 57,000
Minnehaha County South Dakota 1 $ 58,000 $ 58,000 $ 138,000
Anderson County Tennessee 1 $ 73,000 $ 73,000 $ 40,000
Blount County Tennessee 1 $ 20,000 $ 20,000 $ 52,000
Carter County Tennessee 1 $ 94,000 $ 94,000 $ 42,000
Greene County Tennessee 1 $ 30,000 $ 30,000 $ 45,000
Hamblen County Tennessee 1 $ 81,000 $ 81,000 $ 39,000
Jefferson County Tennessee 1 $ 89,000 $ 89,000 $ 44,000
Maury County Tennessee 1 $ 128,000 $ 128,000 $ 93,000
Montgomery County Tennessee 1 $ 100,000 $ 100,000 $ 88,000
Sullivan County Tennessee 1 $ 79,000 $ 79,000 $ 26,000
Andrews County Texas 1 $ 177,000 $ 177,000 $ 61,000
Atascosa County Texas 1 $ 72,000 $ 72,000 $ 48,000
Bandera County Texas 1 $ 150,000 $ 150,000 $ 78,000
Burnet County Texas 1 $ 379,000 $ 379,000 $ 0
Collin County Texas 1 $ 194,000 $ 194,000 $ 134,000
Coryell County Texas 1 $ 150,000 $ 150,000 $ 33,000
Ector County Texas 1 $ 108,000 $ 108,000 $ 40,000
Ellis County Texas 1 $ 164,000 $ 164,000 $ 44,000
Grayson County Texas 1 $ 87,000 $ 87,000 $ 49,000
Hopkins County Texas 1 $ 98,000 $ 98,000 $ 47,000
Jefferson County Texas 1 $ 66,000 $ 66,000 $ 36,000
Liberty County Texas 1 $ 41,000 $ 41,000 $ 31,000
Lubbock County Texas 1 $ 297,000 $ 297,000 $ 115,000
Matagorda County Texas 1 $ 120,000 $ 120,000 $ 69,000
McLennan County Texas 1 $ 155,000 $ 155,000 $ 44,000
Medina County Texas 1 $ 67,000 $ 67,000 $ 43,000
Montgomery County Texas 1 $ 304,000 $ 304,000 $ 110,000
Palo Pinto County Texas 1 $ 143,000 $ 143,000 $ 91,000
Parker County Texas 1 $ 151,000 $ 151,000 $ 76,000
Polk County Texas 1 $ 134,000 $ 134,000 $ 100,000
Starr County Texas 1 $ 98,000 $ 98,000 $ 60,000
Taylor County Texas 1 $ 157,000 $ 157,000 $ 53,000
Van Zandt County Texas 1 $ 68,000 $ 68,000 $ 88,000
Beaver County Utah 1 $ 119,000 $ 119,000 $ 35,000
Bennington County Vermont 1 $ 1,105,000 $ 1,105,000 $ 1,552,000
Caledonia County Vermont 1 $ 72,000 $ 72,000 $ 0
Grand Isle County Vermont 1 $ 374,000 $ 374,000 $ 0
Windham County Vermont 1 $ 292,000 $ 292,000 $ 0
Windsor County Vermont 1 $ 166,000 $ 166,000 $ 0
Bedford County Virginia 1 $ 417,000 $ 417,000 $ 0
Botetourt County Virginia 1 $ 52,000 $ 52,000 $ 75,000
Bristol County Virginia 1 $ 88,000 $ 88,000 $ 61,000
Brunswick County Virginia 1 $ 125,000 $ 125,000 $ 56,000
Carroll County Virginia 1 $ 88,000 $ 88,000 $ 0
Charlottesville County Virginia 1 $ 355,000 $ 355,000 $ 141,000
Floyd County Virginia 1 $ 106,000 $ 106,000 $ 29,000
Fluvanna County Virginia 1 $ 126,000 $ 126,000 $ 30,000
Frederick County Virginia 1 $ 50,000 $ 50,000 $ 0
Greene County Virginia 1 $ 160,000 $ 160,000 $ 44,000
Louisa County Virginia 1 $ 244,000 $ 244,000 $ 58,000
Northampton County Virginia 1 $ 148,000 $ 148,000 $ 58,000
Petersburg County Virginia 1 $ 107,000 $ 107,000 $ 77,000
Roanoke City County Virginia 1 $ 79,000 $ 79,000 $ 28,000
Russell County Virginia 1 $ 127,000 $ 127,000 $ 52,000
Salem County Virginia 1 $ 40,000 $ 40,000 $ 48,000
Shenandoah County Virginia 1 $ 220,000 $ 220,000 $ 91,000
Southampton County Virginia 1 $ 192,000 $ 192,000 $ 59,000
Staunton County Virginia 1 $ 123,000 $ 123,000 $ 35,000
Surry County Virginia 1 $ 29,000 $ 29,000 $ 73,000
Asotin County Washington 1 $ 150,000 $ 150,000 $ 42,000
Grant County Washington 1 $ 75,000 $ 75,000 $ 44,000
Grays Harbor County Washington 1 $ 105,000 $ 105,000 $ 50,000
Kitsap County Washington 1 $ 235,000 $ 235,000 $ 46,000
Mason County Washington 1 $ 100,000 $ 100,000 $ 75,000
Grant County West Virginia 1 $ 124,000 $ 124,000 $ 29,000
Jefferson County West Virginia 1 $ 279,000 $ 279,000 $ 65,000
Brown County Wisconsin 1 $ 20,000 $ 20,000 $ 48,000
Burnett County Wisconsin 1 $ 68,000 $ 68,000 $ 0
Dunn County Wisconsin 1 $ 140,000 $ 140,000 $ 60,000
Kenosha County Wisconsin 1 $ 94,000 $ 94,000 $ 100,000
Polk County Wisconsin 1 $ 297,000 $ 297,000 $ 67,000
Racine County Wisconsin 1 $ 222,000 $ 222,000 $ 49,000
Rock County Wisconsin 1 $ 158,000 $ 158,000 $ 64,000
Waukesha County Wisconsin 1 $ 179,000 $ 179,000 $ 61,000
Wood County Wisconsin 1 $ 114,000 $ 114,000 $ 71,000
Fremont County Wyoming 1 $ 140,000 $ 140,000 $ 0
Goshen County Wyoming 1 $ 70,000 $ 70,000 $ 39,000
Laramie County Wyoming 1 $ 150,000 $ 150,000 $ 48,000
Natrona County Wyoming 1 $ 164,000 $ 164,000 $ 236,000
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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 Sallie Mae Home Loans in 2006

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 5,137 $834,801,000 $162,000 $2,000,000 $80,000 $1,588,000
Refinancing 3,971 $700,044,000 $176,000 $2,860,000 $87,000 $2,292,000
Home Improvement 131 $26,597,000 $203,000 $1,000,000 $91,000 $356,000

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 6,743 $1,139,905,000 $169,000 $2,860,000 $86,000 $2,292,000
Not Provided 885 $136,858,000 $154,000 $2,000,000 $79,000 $1,588,000
Black or African American 757 $123,426,000 $163,000 $1,121,000 $74,000 $636,000
Hispanic 583 $107,084,000 $183,000 $1,125,000 $75,000 $660,000
Asian 201 $41,805,000 $207,000 $628,000 $75,000 $300,000
American Indian or Alaskan Native 39 $5,787,000 $148,000 $417,000 $72,000 $194,000
Native Hawaiian or Other Pacific Islander 31 $6,577,000 $212,000 $483,000 $99,000 $227,000
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) 8,688 $1,476,161,000 $169,000 $2,860,000 $85,000 $2,292,000
FHA-insured (Federal Housing Administration) 411 $59,378,000 $144,000 $325,000 $59,000 $235,000
VA-guaranteed (Veterans Administration) 140 $25,903,000 $185,000 $417,000 $66,000 $165,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 6,778 $1,149,615,000 $169,000 $2,000,000 $85,000 $1,552,000
Application Approved But Not Accepted 829 $151,788,000 $183,000 $2,000,000 $86,000 $1,588,000
Application Denied By Financial Institution 772 $131,109,000 $169,000 $2,860,000 $80,000 $2,292,000
Preapproval Approved but not Accepted 495 $70,451,000 $142,000 $675,000 $65,000 $300,000
Application Withdrawn By Applicant 183 $34,942,000 $190,000 $975,000 $75,000 $617,000
Preapproval Denied by Financial Institution 178 $22,740,000 $127,000 $560,000 $59,000 $456,000
File Closed For Incompleteness 4 $797,000 $199,000 $379,000 $40,000 $80,000
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
Debt-To-Income Ratio 98 $16,038,000 $163,000 $650,000 $63,000 $770,000
Collateral 93 $13,799,000 $148,000 $772,000 $85,000 $300,000
Credit History 67 $11,394,000 $170,000 $800,000 $59,000 $234,000
Unverifiable Information 33 $6,464,000 $195,000 $558,000 $84,000 $196,000
Other 25 $5,721,000 $228,000 $1,000,000 $74,000 $359,000
Employment History 9 $1,369,000 $152,000 $403,000 $64,000 $132,000
Insufficient Cash (Downpayment, Closing Cost) 6 $667,000 $111,000 $305,000 $53,000 $73,000
Credit Application Incomplete 1 $130,000 $130,000 $130,000 $55,000 $55,000
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.

Download the Michigan Lender List