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 | 3,862 |
Total Mortgage Loan Application Amount | $715,335,000 |
Average Mortgage Loan Application Amount | $137,000 |
Highest Mortgage Loan Application Amount | $1,890,000 |
Average Applicant Income | $87,000 |
Highest Applicant Income | $1,500,000 |
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 |
---|---|---|---|---|
Adams County Pennsylvania | 1 | $ 134,000 | $ 134,000 | $ 67,000 |
Bedford County Pennsylvania | 1 | $ 28,000 | $ 28,000 | $ 49,000 |
Columbia County Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 126,000 |
Erie County Pennsylvania | 1 | $ 121,000 | $ 121,000 | $ 103,000 |
Fulton County Pennsylvania | 1 | $ 214,000 | $ 214,000 | $ 0 |
Huntingdon County Pennsylvania | 1 | $ 117,000 | $ 117,000 | $ 0 |
Mercer County Pennsylvania | 1 | $ 66,000 | $ 66,000 | $ 42,000 |
Monroe County Pennsylvania | 1 | $ 183,000 | $ 183,000 | $ 87,000 |
Schuylkill County Pennsylvania | 1 | $ 56,000 | $ 56,000 | $ 25,000 |
Somerset County Pennsylvania | 1 | $ 89,000 | $ 89,000 | $ 52,000 |
Union County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 127,000 |
Venango County Pennsylvania | 1 | $ 126,000 | $ 126,000 | $ 60,000 |
Westmoreland County Pennsylvania | 1 | $ 118,000 | $ 118,000 | $ 50,000 |
Kent County Rhode Island | 1 | $ 342,000 | $ 342,000 | $ 0 |
Beaufort County South Carolina | 1 | $ 367,000 | $ 367,000 | $ 103,000 |
Charleston County South Carolina | 1 | $ 147,000 | $ 147,000 | $ 81,000 |
Florence County South Carolina | 1 | $ 37,000 | $ 37,000 | $ 1,140,000 |
Richland County South Carolina | 1 | $ 137,000 | $ 137,000 | $ 39,000 |
Custer County South Dakota | 1 | $ 50,000 | $ 50,000 | $ 112,000 |
Maury County Tennessee | 1 | $ 135,000 | $ 135,000 | $ 138,000 |
McMinn County Tennessee | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
Perry County Tennessee | 1 | $ 153,000 | $ 153,000 | $ 44,000 |
Roane County Tennessee | 1 | $ 255,000 | $ 255,000 | $ 85,000 |
Rutherford County Tennessee | 1 | $ 173,000 | $ 173,000 | $ 63,000 |
Tipton County Tennessee | 1 | $ 111,000 | $ 111,000 | $ 59,000 |
Wilson County Tennessee | 1 | $ 228,000 | $ 228,000 | $ 55,000 |
Bell County Texas | 1 | $ 116,000 | $ 116,000 | $ 53,000 |
Brazoria County Texas | 1 | $ 154,000 | $ 154,000 | $ 70,000 |
Brazos County Texas | 1 | $ 41,000 | $ 41,000 | $ 116,000 |
Cameron County Texas | 1 | $ 77,000 | $ 77,000 | $ 40,000 |
Cherokee County Texas | 1 | $ 92,000 | $ 92,000 | $ 53,000 |
Comal County Texas | 1 | $ 190,000 | $ 190,000 | $ 44,000 |
Cooke County Texas | 1 | $ 78,000 | $ 78,000 | $ 40,000 |
Denton County Texas | 1 | $ 402,000 | $ 402,000 | $ 96,000 |
Freestone County Texas | 1 | $ 179,000 | $ 179,000 | $ 88,000 |
Gregg County Texas | 1 | $ 155,000 | $ 155,000 | $ 63,000 |
Harrison County Texas | 1 | $ 259,000 | $ 259,000 | $ 68,000 |
Jasper County Texas | 1 | $ 58,000 | $ 58,000 | $ 35,000 |
Kaufman County Texas | 1 | $ 408,000 | $ 408,000 | $ 210,000 |
Kendall County Texas | 1 | $ 180,000 | $ 180,000 | $ 90,000 |
Kerr County Texas | 1 | $ 166,000 | $ 166,000 | $ 94,000 |
Madison County Texas | 1 | $ 106,000 | $ 106,000 | $ 54,000 |
Maverick County Texas | 1 | $ 206,000 | $ 206,000 | $ 38,000 |
McLennan County Texas | 1 | $ 101,000 | $ 101,000 | $ 46,000 |
Nacogdoches County Texas | 1 | $ 89,000 | $ 89,000 | $ 34,000 |
Sabine County Texas | 1 | $ 88,000 | $ 88,000 | $ 50,000 |
Shelby County Texas | 1 | $ 130,000 | $ 130,000 | $ 53,000 |
Walker County Texas | 1 | $ 81,000 | $ 81,000 | $ 52,000 |
Wharton County Texas | 1 | $ 143,000 | $ 143,000 | $ 36,000 |
Salt Lake County Utah | 1 | $ 144,000 | $ 144,000 | $ 50,000 |
Utah County Utah | 1 | $ 170,000 | $ 170,000 | $ 81,000 |
Bennington County Vermont | 1 | $ 1,105,000 | $ 1,105,000 | $ 1,217,000 |
Caledonia County Vermont | 1 | $ 600,000 | $ 600,000 | $ 248,000 |
Lamoille County Vermont | 1 | $ 129,000 | $ 129,000 | $ 44,000 |
Windsor County Vermont | 1 | $ 180,000 | $ 180,000 | $ 72,000 |
Augusta County Virginia | 1 | $ 120,000 | $ 120,000 | $ 78,000 |
Chesapeake County Virginia | 1 | $ 370,000 | $ 370,000 | $ 119,000 |
Fairfax City County Virginia | 1 | $ 364,000 | $ 364,000 | $ 127,000 |
Henry County Virginia | 1 | $ 92,000 | $ 92,000 | $ 40,000 |
King George County Virginia | 1 | $ 298,000 | $ 298,000 | $ 85,000 |
Montgomery County Virginia | 1 | $ 304,000 | $ 304,000 | $ 189,000 |
Orange County Virginia | 1 | $ 203,000 | $ 203,000 | $ 63,000 |
Petersburg County Virginia | 1 | $ 102,000 | $ 102,000 | $ 30,000 |
Radford County Virginia | 1 | $ 75,000 | $ 75,000 | $ 189,000 |
Richmond City County Virginia | 1 | $ 417,000 | $ 417,000 | $ 250,000 |
Roanoke City County Virginia | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
Rockingham County Virginia | 1 | $ 83,000 | $ 83,000 | $ 28,000 |
Stafford County Virginia | 1 | $ 293,000 | $ 293,000 | $ 96,000 |
Warren County Virginia | 1 | $ 105,000 | $ 105,000 | $ 58,000 |
Washington County Virginia | 1 | $ 68,000 | $ 68,000 | $ 88,000 |
Grant County Washington | 1 | $ 152,000 | $ 152,000 | $ 54,000 |
Kitsap County Washington | 1 | $ 272,000 | $ 272,000 | $ 62,000 |
Klickitat County Washington | 1 | $ 127,000 | $ 127,000 | $ 74,000 |
Okanogan County Washington | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
Spokane County Washington | 1 | $ 160,000 | $ 160,000 | $ 65,000 |
Thurston County Washington | 1 | $ 239,000 | $ 239,000 | $ 57,000 |
Walla Walla County Washington | 1 | $ 136,000 | $ 136,000 | $ 32,000 |
Brown County Wisconsin | 1 | $ 119,000 | $ 119,000 | $ 55,000 |
Dane County Wisconsin | 1 | $ 249,000 | $ 249,000 | $ 111,000 |
Door County Wisconsin | 1 | $ 203,000 | $ 203,000 | $ 58,000 |
Eau Claire County Wisconsin | 1 | $ 89,000 | $ 89,000 | $ 40,000 |
Ozaukee County Wisconsin | 1 | $ 199,000 | $ 199,000 | $ 65,000 |
Portage County Wisconsin | 1 | $ 270,000 | $ 270,000 | $ 129,000 |
Vilas County Wisconsin | 1 | $ 195,000 | $ 195,000 | $ 212,000 |
Walworth County Wisconsin | 1 | $ 120,000 | $ 120,000 | $ 0 |
Washington County Wisconsin | 1 | $ 275,000 | $ 275,000 | $ 140,000 |
Wood County Wisconsin | 1 | $ 115,000 | $ 115,000 | $ 63,000 |
Albany County Wyoming | 1 | $ 148,000 | $ 148,000 | $ 38,000 |
Campbell County Wyoming | 1 | $ 154,000 | $ 154,000 | $ 42,000 |
Sweetwater County Wyoming | 1 | $ 86,000 | $ 86,000 | $ 60,000 |
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 |
---|---|---|---|---|---|---|
Home Purchase | 2,335 | $407,441,000 | $174,000 | $1,470,000 | $89,000 | $1,140,000 |
Refinancing | 1,526 | $307,858,000 | $201,000 | $1,890,000 | $96,000 | $1,500,000 |
Home Improvement | 1 | $36,000 | $36,000 | $36,000 | $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 | 2,622 | $485,118,000 | $185,000 | $1,890,000 | $95,000 | $1,500,000 |
Not Provided | 600 | $113,650,000 | $189,000 | $1,352,000 | $86,000 | $1,140,000 |
Black or African American | 355 | $60,134,000 | $169,000 | $757,000 | $74,000 | $504,000 |
Hispanic | 191 | $35,810,000 | $187,000 | $800,000 | $83,000 | $360,000 |
Asian | 69 | $15,373,000 | $222,000 | $800,000 | $122,000 | $660,000 |
Native Hawaiian or Other Pacific Islander | 17 | $4,069,000 | $239,000 | $613,000 | $83,000 | $156,000 |
American Indian or Alaskan Native | 8 | $1,181,000 | $147,000 | $319,000 | $76,000 | $110,000 |
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) | 3,468 | $651,642,000 | $187,000 | $1,890,000 | $95,000 | $1,500,000 |
FHA-insured (Federal Housing Administration) | 312 | $48,188,000 | $154,000 | $366,000 | $60,000 | $279,000 |
VA-guaranteed (Veterans Administration) | 82 | $15,505,000 | $189,000 | $613,000 | $66,000 | $166,000 |
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 | 2,267 | $435,812,000 | $192,000 | $1,375,000 | $96,000 | $1,217,000 |
Application Approved But Not Accepted | 864 | $147,612,000 | $170,000 | $1,200,000 | $84,000 | $660,000 |
Application Denied By Financial Institution | 621 | $112,209,000 | $180,000 | $1,890,000 | $87,000 | $1,500,000 |
Application Withdrawn By Applicant | 105 | $19,241,000 | $183,000 | $1,470,000 | $83,000 | $1,140,000 |
File Closed For Incompleteness | 5 | $461,000 | $92,000 | $152,000 | $72,000 | $146,000 |
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 |
---|---|---|---|---|---|---|
Collateral | 97 | $14,279,000 | $147,000 | $400,000 | $115,000 | $1,125,000 |
Credit History | 62 | $9,963,000 | $160,000 | $392,000 | $68,000 | $279,000 |
Debt-To-Income Ratio | 53 | $9,128,000 | $172,000 | $699,000 | $63,000 | $144,000 |
Other | 25 | $5,079,000 | $203,000 | $720,000 | $93,000 | $474,000 |
Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,068,000 | $178,000 | $299,000 | $81,000 | $181,000 |
Employment History | 5 | $752,000 | $150,000 | $200,000 | $48,000 | $71,000 |
Unverifiable Information | 4 | $848,000 | $212,000 | $280,000 | $72,000 | $120,000 |
Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Credit Application Incomplete | 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.