Sallie Mae Home Loans
Mortgage Loan Application
Totals and Details
for 2005
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 | 7,100 |
| Total Mortgage Loan Application Amount | $1,013,809,000 |
| Average Mortgage Loan Application Amount | $138,400 |
| Highest Mortgage Loan Application Amount | $1,365,000 |
| Average Applicant Income | $74,323 |
| Highest Applicant Income | $2,557,000 |
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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| PHOENIX-MESA-SCOTTSDALE, AZ | 1,570 | $ 260,898,000 | $ 166,000 | $ 77,000 |
| WARREN-FARMINGTON HILLS-TROY, MI | 1,569 | $ 223,721,000 | $ 142,000 | $ 72,000 |
| DETROIT-LIVONIA-DEARBORN, MI | 1,052 | $ 133,915,000 | $ 127,000 | $ 61,000 |
| ANN ARBOR, MI | 517 | $ 73,591,000 | $ 142,000 | $ 79,000 |
| TUCSON, AZ | 172 | $ 23,092,000 | $ 134,000 | $ 58,000 |
| INDIANAPOLIS, IN | 134 | $ 16,358,000 | $ 122,000 | $ 65,000 |
| CHICAGO-NAPERVILLE-JOLIET, IL | 99 | $ 13,672,000 | $ 138,000 | $ 79,000 |
| DENVER-AURORA, CO | 98 | $ 13,917,000 | $ 142,000 | $ 80,000 |
| JACKSON, MI | 66 | $ 7,320,000 | $ 110,000 | $ 57,000 |
| LANSING-EAST LANSING, MI | 65 | $ 6,946,000 | $ 106,000 | $ 65,000 |
| FLINT, MI | 56 | $ 6,379,000 | $ 113,000 | $ 66,000 |
| GRAND RAPIDS-WYOMING, MI | 55 | $ 6,528,000 | $ 118,000 | $ 65,000 |
| ST. LOUIS, MO-IL | 55 | $ 7,248,000 | $ 131,000 | $ 79,000 |
| FLAGSTAFF, AZ | 42 | $ 7,675,000 | $ 182,000 | $ 80,000 |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 38 | $ 5,973,000 | $ 157,000 | $ 58,000 |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI | 30 | $ 3,715,000 | $ 123,000 | $ 77,000 |
| GARY, IN | 28 | $ 2,737,000 | $ 97,000 | $ 58,000 |
| MONROE, MI | 28 | $ 2,992,000 | $ 106,000 | $ 62,000 |
| PORTLAND-VANCOUVER-BEAVERTON, OR-WA | 27 | $ 4,062,000 | $ 150,000 | $ 53,000 |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 26 | $ 6,324,000 | $ 243,000 | $ 79,000 |
| PRESCOTT, AZ | 26 | $ 4,430,000 | $ 170,000 | $ 80,000 |
| KALAMAZOO-PORTAGE, MI | 24 | $ 2,237,000 | $ 93,000 | $ 59,000 |
| KANSAS CITY, MO-KS | 24 | $ 2,591,000 | $ 107,000 | $ 58,000 |
| YUMA, AZ | 24 | $ 3,183,000 | $ 132,000 | $ 72,000 |
| COLORADO SPRINGS, CO | 23 | $ 2,842,000 | $ 123,000 | $ 61,000 |
| HOUSTON-BAYTOWN-SUGAR LAND, TX | 23 | $ 3,324,000 | $ 144,000 | $ 63,000 |
| RICHMOND, VA | 19 | $ 2,466,000 | $ 129,000 | $ 60,000 |
| MILWAUKEE-WAUKESHA-WEST ALLIS, WI | 18 | $ 2,323,000 | $ 129,000 | $ 56,000 |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 18 | $ 2,529,000 | $ 140,000 | $ 76,000 |
| SANTA ANA-ANAHEIM-IRVINE, CA | 16 | $ 4,394,000 | $ 274,000 | $ 92,000 |
| TULSA, OK | 16 | $ 1,849,000 | $ 115,000 | $ 63,000 |
| HOLLAND-GRAND HAVEN, MI | 15 | $ 1,784,000 | $ 118,000 | $ 89,000 |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 15 | $ 3,497,000 | $ 233,000 | $ 75,000 |
| DALLAS-PLANO-IRVING, TX | 14 | $ 2,037,000 | $ 145,000 | $ 75,000 |
| SAN DIEGO-CARLSBAD-SAN MARCOS, CA | 14 | $ 3,498,000 | $ 249,000 | $ 86,000 |
| ELKHART-GOSHEN, IN | 13 | $ 1,043,000 | $ 80,000 | $ 64,000 |
| CINCINNATI-MIDDLETOWN, OH-KY-IN | 12 | $ 1,794,000 | $ 149,000 | $ 74,000 |
| FORT COLLINS-LOVELAND, CO | 12 | $ 1,224,000 | $ 102,000 | $ 67,000 |
| SEATTLE-BELLEVUE-EVERETT, WA | 12 | $ 2,074,000 | $ 172,000 | $ 56,000 |
| SOUTH BEND-MISHAWAKA, IN-MI | 12 | $ 820,000 | $ 68,000 | $ 66,000 |
| ALBUQUERQUE, NM | 11 | $ 1,592,000 | $ 144,000 | $ 82,000 |
| ANDERSON, IN | 10 | $ 938,000 | $ 93,000 | $ 43,000 |
| OKLAHOMA CITY, OK | 10 | $ 974,000 | $ 97,000 | $ 45,000 |
| SAN ANTONIO, TX | 10 | $ 1,458,000 | $ 145,000 | $ 58,000 |
| CAPE CORAL-FORT MYERS, FL | 9 | $ 2,530,000 | $ 281,000 | $ 110,000 |
| FORT WAYNE, IN | 9 | $ 1,005,000 | $ 111,000 | $ 61,000 |
| SAGINAW-SAGINAW TOWNSHIP NORTH, MI | 9 | $ 723,000 | $ 80,000 | $ 89,000 |
| COLUMBUS, OH | 8 | $ 1,503,000 | $ 187,000 | $ 67,000 |
| KILLEEN-TEMPLE-FORT HOOD, TX | 8 | $ 824,000 | $ 103,000 | $ 56,000 |
| BELLINGHAM, WA | 7 | $ 993,000 | $ 141,000 | $ 126,000 |
| BOULDER, CO | 7 | $ 1,009,000 | $ 144,000 | $ 115,000 |
| CORPUS CHRISTI, TX | 7 | $ 712,000 | $ 101,000 | $ 133,000 |
| GREELEY, CO | 7 | $ 746,000 | $ 106,000 | $ 75,000 |
| LAS CRUCES, NM | 7 | $ 725,000 | $ 103,000 | $ 79,000 |
| MADISON, WI | 7 | $ 700,000 | $ 100,000 | $ 48,000 |
| SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA | 7 | $ 1,786,000 | $ 255,000 | $ 65,000 |
| SPRINGFIELD, IL | 7 | $ 525,000 | $ 75,000 | $ 65,000 |
| SPRINGFIELD, MO | 7 | $ 539,000 | $ 77,000 | $ 41,000 |
| TOLEDO, OH | 7 | $ 1,480,000 | $ 211,000 | $ 59,000 |
| BOISE CITY-NAMPA, ID | 6 | $ 593,000 | $ 98,000 | $ 58,000 |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 6 | $ 1,042,000 | $ 173,000 | $ 131,000 |
| HOT SPRINGS, AR | 6 | $ 314,000 | $ 52,000 | $ 41,000 |
| JACKSONVILLE, FL | 6 | $ 902,000 | $ 150,000 | $ 60,000 |
| KNOXVILLE, TN | 6 | $ 716,000 | $ 119,000 | $ 61,000 |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 6 | $ 859,000 | $ 143,000 | $ 64,000 |
| LYNCHBURG, VA | 6 | $ 469,000 | $ 78,000 | $ 58,000 |
| SPOKANE, WA | 6 | $ 868,000 | $ 144,000 | $ 47,000 |
| WICHITA, KS | 6 | $ 545,000 | $ 90,000 | $ 82,000 |
| AUSTIN-ROUND ROCK, TX | 5 | $ 1,056,000 | $ 211,000 | $ 132,000 |
| BAKERSFIELD, CA | 5 | $ 882,000 | $ 176,000 | $ 113,000 |
| BAY CITY, MI | 5 | $ 489,000 | $ 97,000 | $ 118,000 |
| COLUMBIA, MO | 5 | $ 479,000 | $ 95,000 | $ 93,000 |
| FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL | 5 | $ 685,000 | $ 137,000 | $ 91,000 |
| HONOLULU, HI | 5 | $ 1,638,000 | $ 327,000 | $ 120,000 |
| LITTLE ROCK-NORTH LITTLE ROCK, AR | 5 | $ 404,000 | $ 80,000 | $ 65,000 |
| NASHVILLE-DAVIDSON--MURFREESBORO, TN | 5 | $ 537,000 | $ 107,000 | $ 72,000 |
| PEORIA, IL | 5 | $ 408,000 | $ 81,000 | $ 40,000 |
| SALEM, OR | 5 | $ 525,000 | $ 105,000 | $ 34,000 |
| BATTLE CREEK, MI | 4 | $ 274,000 | $ 68,000 | $ 59,000 |
| BLOOMINGTON, IN | 4 | $ 450,000 | $ 112,000 | $ 44,000 |
| CHARLOTTESVILLE, VA | 4 | $ 326,000 | $ 81,000 | $ 79,000 |
| EUGENE-SPRINGFIELD, OR | 4 | $ 438,000 | $ 109,000 | $ 71,000 |
| JOPLIN, MO | 4 | $ 326,000 | $ 81,000 | $ 47,000 |
| LOUISVILLE, KY-IN | 4 | $ 413,000 | $ 103,000 | $ 58,000 |
| MUSKEGON-NORTON SHORES, MI | 4 | $ 567,000 | $ 141,000 | $ 93,000 |
| NAPLES-MARCO ISLAND, FL | 4 | $ 2,422,000 | $ 605,000 | $ 309,000 |
| NILES-BENTON HARBOR, MI | 4 | $ 277,000 | $ 69,000 | $ 50,000 |
| ORLANDO, FL | 4 | $ 767,000 | $ 191,000 | $ 55,000 |
| TACOMA, WA | 4 | $ 598,000 | $ 149,000 | $ 104,000 |
| VALLEJO-FAIRFIELD, CA | 4 | $ 802,000 | $ 200,000 | $ 53,000 |
| AKRON, OH | 3 | $ 285,000 | $ 95,000 | $ 42,000 |
| ANCHORAGE, AK | 3 | $ 635,000 | $ 211,000 | $ 227,000 |
| BEND, OR | 3 | $ 420,000 | $ 140,000 | $ 108,000 |
| BILLINGS, MT | 3 | $ 432,000 | $ 144,000 | $ 62,000 |
| CANTON-MASSILLON, OH | 3 | $ 205,000 | $ 68,000 | $ 37,000 |
| CLARKSVILLE, TN-KY | 3 | $ 525,000 | $ 175,000 | $ 100,000 |
| CORVALLIS, OR | 3 | $ 671,000 | $ 223,000 | $ 120,000 |
| DAYTON, OH | 3 | $ 447,000 | $ 149,000 | $ 50,000 |
| EVANSVILLE, IN-KY | 3 | $ 301,000 | $ 100,000 | $ 52,000 |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO | 3 | $ 262,000 | $ 87,000 | $ 43,000 |
| GREEN BAY, WI | 3 | $ 361,000 | $ 120,000 | $ 62,000 |
| HARRISONBURG, VA | 3 | $ 234,000 | $ 78,000 | $ 39,000 |
| LAFAYETTE, IN | 3 | $ 218,000 | $ 72,000 | $ 75,000 |
| LAWRENCE, KS | 3 | $ 426,000 | $ 142,000 | $ 57,000 |
| MIAMI-MIAMI BEACH-KENDALL, FL | 3 | $ 519,000 | $ 173,000 | $ 51,000 |
| MODESTO, CA | 3 | $ 483,000 | $ 161,000 | $ 57,000 |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 3 | $ 637,000 | $ 212,000 | $ 133,000 |
| PUEBLO, CO | 3 | $ 294,000 | $ 98,000 | $ 40,000 |
| ROCKFORD, IL | 3 | $ 126,000 | $ 42,000 | $ 81,000 |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 3 | $ 755,000 | $ 251,000 | $ 40,000 |
| SARASOTA-BRADENTON-VENICE, FL | 3 | $ 638,000 | $ 212,000 | $ 116,000 |
| ST. JOSEPH, MO-KS | 3 | $ 191,000 | $ 63,000 | $ 151,000 |
| WAUSAU, WI | 3 | $ 299,000 | $ 99,000 | $ 53,000 |
| ANDERSON, SC | 2 | $ 370,000 | $ 185,000 | $ 146,000 |
| APPLETON, WI | 2 | $ 126,000 | $ 63,000 | $ 48,000 |
| BEAUMONT-PORT ARTHUR, TX | 2 | $ 112,000 | $ 56,000 | $ 50,000 |
| BLACKSBURG-CHRISTIANSBURG-RADFORD, VA | 2 | $ 153,000 | $ 76,000 | $ 51,000 |
| CASPER, WY | 2 | $ 202,000 | $ 101,000 | $ 56,000 |
| CHAMPAIGN-URBANA, IL | 2 | $ 142,000 | $ 71,000 | $ 76,000 |
| CHARLESTON-NORTH CHARLESTON, SC | 2 | $ 390,000 | $ 195,000 | $ 47,000 |
| CLEVELAND-ELYRIA-MENTOR, OH | 2 | $ 358,000 | $ 179,000 | $ 54,000 |
| COEUR D'ALENE, ID | 2 | $ 455,000 | $ 227,000 | $ 52,000 |
| COLLEGE STATION-BRYAN, TX | 2 | $ 241,000 | $ 120,000 | $ 36,000 |
| COLUMBUS, IN | 2 | $ 96,000 | $ 48,000 | $ 69,000 |
| DES MOINES, IA | 2 | $ 127,000 | $ 63,000 | $ 34,000 |
| EL PASO, TX | 2 | $ 557,000 | $ 278,000 | $ 107,000 |
| FARMINGTON, NM | 2 | $ 333,000 | $ 166,000 | $ 68,000 |
| FORT WORTH-ARLINGTON, TX | 2 | $ 256,000 | $ 128,000 | $ 86,000 |
| FRESNO, CA | 2 | $ 808,000 | $ 404,000 | $ 221,000 |
| GAINESVILLE, FL | 2 | $ 202,000 | $ 101,000 | $ 96,000 |
| HUNTSVILLE, AL | 2 | $ 123,000 | $ 61,000 | $ 51,000 |
| JEFFERSON CITY, MO | 2 | $ 117,000 | $ 58,000 | $ 65,000 |
| KANKAKEE-BRADLEY, IL | 2 | $ 300,000 | $ 150,000 | $ 61,000 |
| KENNEWICK-RICHLAND-PASCO, WA | 2 | $ 183,000 | $ 91,000 | $ 56,000 |
| LAKELAND, FL | 2 | $ 116,000 | $ 58,000 | $ 27,000 |
| MISSOULA, MT | 2 | $ 265,000 | $ 132,000 | $ 0 |
| MORRISTOWN, TN | 2 | $ 124,000 | $ 62,000 | $ 47,000 |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC | 2 | $ 169,000 | $ 84,000 | $ 104,000 |
| OAKLAND-FREMONT-HAYWARD, CA | 2 | $ 562,000 | $ 281,000 | $ 74,000 |
| PANAMA CITY-LYNN HAVEN, FL | 2 | $ 212,000 | $ 106,000 | $ 36,000 |
| REDDING, CA | 2 | $ 664,000 | $ 332,000 | $ 92,000 |
| ROANOKE, VA | 2 | $ 209,000 | $ 104,000 | $ 65,000 |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA | 2 | $ 760,000 | $ 380,000 | $ 107,000 |
| STOCKTON, CA | 2 | $ 477,000 | $ 238,000 | $ 21,000 |
| TALLAHASSEE, FL | 2 | $ 232,000 | $ 116,000 | $ 64,000 |
| TERRE HAUTE, IN | 2 | $ 299,000 | $ 149,000 | $ 67,000 |
| TOPEKA, KS | 2 | $ 176,000 | $ 88,000 | $ 49,000 |
| VISALIA-PORTERVILLE, CA | 2 | $ 155,000 | $ 77,000 | $ 31,000 |
| YAKIMA, WA | 2 | $ 132,000 | $ 66,000 | $ 98,000 |
| ATLANTA-SANDY SPRINGS-MARIETTA, GA | 1 | $ 102,000 | $ 102,000 | $ 108,000 |
| BREMERTON-SILVERDALE, WA | 1 | $ 245,000 | $ 245,000 | $ 54,000 |
| BROWNSVILLE-HARLINGEN, TX | 1 | $ 136,000 | $ 136,000 | $ 69,000 |
| CAMBRIDGE-NEWTON-FRAMINGHAM, MA | 1 | $ 30,000 | $ 30,000 | $ 0 |
| CHATTANOOGA, TN-GA | 1 | $ 190,000 | $ 190,000 | $ 66,000 |
| COLUMBIA, SC | 1 | $ 92,000 | $ 92,000 | $ 26,000 |
| DANVILLE, VA | 1 | $ 196,000 | $ 196,000 | $ 99,000 |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL | 1 | $ 29,000 | $ 29,000 | $ 56,000 |
| FOND DU LAC, WI | 1 | $ 108,000 | $ 108,000 | $ 71,000 |
| GREENVILLE, SC | 1 | $ 233,000 | $ 233,000 | $ 75,000 |
| IOWA CITY, IA | 1 | $ 120,000 | $ 120,000 | $ 71,000 |
| JACKSON, MS | 1 | $ 168,000 | $ 168,000 | $ 75,000 |
| KINGSPORT-BRISTOL-BRISTOL, TN-VA | 1 | $ 98,000 | $ 98,000 | $ 186,000 |
| LAREDO, TX | 1 | $ 129,000 | $ 129,000 | $ 48,000 |
| LAWTON, OK | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
| LONGVIEW, TX | 1 | $ 45,000 | $ 45,000 | $ 17,000 |
| MADERA, CA | 1 | $ 340,000 | $ 340,000 | $ 48,000 |
| MEDFORD, OR | 1 | $ 223,000 | $ 223,000 | $ 58,000 |
| MEMPHIS, TN-MS-AR | 1 | $ 72,000 | $ 72,000 | $ 71,000 |
| MICHIGAN CITY-LA PORTE, IN | 1 | $ 103,000 | $ 103,000 | $ 28,000 |
| PINE BLUFF, AR | 1 | $ 40,000 | $ 40,000 | $ 41,000 |
| SAN LUIS OBISPO-PASO ROBLES, CA | 1 | $ 290,000 | $ 290,000 | $ 162,000 |
| SAVANNAH, GA | 1 | $ 253,000 | $ 253,000 | $ 57,000 |
| SIOUX FALLS, SD | 1 | $ 68,000 | $ 68,000 | $ 78,000 |
| ST. CLOUD, MN | 1 | $ 200,000 | $ 200,000 | $ 49,000 |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 1 | $ 180,000 | $ 180,000 | $ 34,000 |
| WINCHESTER, VA-WV | 1 | $ 272,000 | $ 272,000 | $ 100,000 |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA | 1 | $ 89,000 | $ 89,000 | $ 49,000 |
| YUBA CITY, CA | 1 | $ 189,000 | $ 189,000 | $ 43,000 |
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 Sallie Mae Home Loans in 2005
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 | 4,053 | $563,497,000 | $139,968 | $1,365,000 | $72,625 | $2,557,000 |
| Refinancing | 3,037 | $448,842,000 | $136,931 | $1,000,000 | $67,620 | $681,000 |
| Home Improvement | 10 | $1,470,000 | $136,500 | $501,000 | $136,500 | $452,000 |
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 | 5,882 | $833,192,000 | $140,500 | $1,365,000 | $68,382 | $2,557,000 |
| Black or African American | 472 | $68,978,000 | $151,588 | $565,000 | $85,647 | $2,000,000 |
| Hispanic | 320 | $43,274,000 | $131,055 | $360,000 | $49,666 | $240,000 |
| Asian | 190 | $32,030,000 | $149,615 | $675,000 | $86,769 | $330,000 |
| Not Provided | 183 | $27,623,000 | $160,333 | $515,000 | $86,888 | $468,000 |
| American Indian or Alaskan Native | 32 | $5,362,000 | $144,100 | $1,000,000 | $62,300 | $516,000 |
| Native Hawaiian or Other Pacific Islander | 20 | $3,194,000 | $145,428 | $480,000 | $77,285 | $180,000 |
| Not applicable | 1 | $156,000 | $156,000 | $156,000 | $39,000 | $39,000 |
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) | 6,908 | $984,022,000 | $132,666 | $1,365,000 | $74,121 | $2,557,000 |
| FHA-insured (Federal Housing Administration) | 113 | $14,380,000 | $117,545 | $229,000 | $44,636 | $142,000 |
| VA-guaranteed (Veterans Administration) | 78 | $15,382,000 | $212,470 | $360,000 | $65,588 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $25,000 | $25,000 | $25,000 | $41,000 | $41,000 |
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 | 6,086 | $875,750,000 | $145,875 | $1,365,000 | $74,031 | $2,557,000 |
| Application Denied By Financial Institution | 377 | $49,765,000 | $121,923 | $502,000 | $65,115 | $282,000 |
| Application Withdrawn By Applicant | 373 | $50,197,000 | $144,368 | $991,000 | $83,263 | $311,000 |
| Application Approved But Not Accepted | 246 | $35,783,000 | $163,555 | $532,000 | $60,666 | $314,000 |
| File Closed For Incompleteness | 10 | $1,243,000 | $101,500 | $515,000 | $36,000 | $174,000 |
| Preapproval Approved but not Accepted | 5 | $736,000 | $172,333 | $264,000 | $94,666 | $158,000 |
| Preapproval Denied by Financial Institution | 3 | $335,000 | $111,000 | $168,000 | $144,000 | $208,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 117 | $14,732,000 | $137,368 | $480,000 | $79,052 | $240,000 |
| Debt-To-Income Ratio | 96 | $13,355,000 | $129,615 | $502,000 | $50,384 | $121,000 |
| Credit History | 75 | $10,802,000 | $145,777 | $445,000 | $64,222 | $240,000 |
| Other | 61 | $7,136,000 | $114,333 | $383,000 | $73,533 | $208,000 |
| Unverifiable Information | 13 | $1,724,000 | $134,800 | $340,000 | $66,600 | $219,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,387,000 | $121,750 | $259,000 | $117,250 | $282,000 |
| Employment History | 7 | $834,000 | $117,333 | $212,000 | $81,000 | $200,000 |
| Credit Application Incomplete | 1 | $130,000 | $130,000 | $130,000 | $62,000 | $62,000 |
| 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.