Security Credit Union
Mortgage Loan Application
Totals and Details
for 2016

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 Security Credit Union.
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 Security Credit Union
5255 Security Park Blvd
Holly, MI 48442
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  
Total Number of Mortgage Applications 337
Total Mortgage Loan Application Amount $16,034,000
Average Mortgage Loan Application Amount $68,333
Highest Mortgage Loan Application Amount $255,000
Average Applicant Income $66,000
Highest Applicant Income $372,000

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 Security Credit Union by County in 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Genesee County Michigan 140 $ 5,730,000 $ 40,000 $ 66,000
Lapeer County Michigan 56 $ 4,139,000 $ 73,000 $ 65,000
Saginaw County Michigan 44 $ 943,000 $ 21,000 $ 49,000
Shiawassee County Michigan 19 $ 1,192,000 $ 62,000 $ 70,000
Sanilac County Michigan 17 $ 806,000 $ 47,000 $ 60,000
Oakland County Michigan 9 $ 595,000 $ 66,000 $ 86,000
Tuscola County Michigan 7 $ 426,000 $ 60,000 $ 58,000
St. Clair County Michigan 6 $ 448,000 $ 74,000 $ 53,000
Macomb County Michigan 5 $ 168,000 $ 33,000 $ 51,000
Wayne County Michigan 5 $ 388,000 $ 77,000 $ 60,000
Bay County Michigan 4 $ 87,000 $ 21,000 $ 46,000
Livingston County Michigan 3 $ 78,000 $ 26,000 $ 50,000
Gladwin County Michigan 2 $ 42,000 $ 21,000 $ 53,000
Kent County Michigan 2 $ 201,000 $ 100,000 $ 73,000
Pinellas County Florida 1 $ 2,000 $ 2,000 $ 42,000
St. Joseph County Indiana 1 $ 1,000 $ 1,000 $ 48,000
Arenac County Michigan 1 $ 60,000 $ 60,000 $ 36,000
Calhoun County Michigan 1 $ 36,000 $ 36,000 $ 134,000
Clare County Michigan 1 $ 8,000 $ 8,000 $ 53,000
Clinton County Michigan 1 $ 18,000 $ 18,000 $ 48,000
Gratiot County Michigan 1 $ 69,000 $ 69,000 $ 34,000
Huron County Michigan 1 $ 12,000 $ 12,000 $ 32,000
Ingham County Michigan 1 $ 15,000 $ 15,000 $ 46,000
Iosco County Michigan 1 $ 130,000 $ 130,000 $ 68,000
Jackson County Michigan 1 $ 25,000 $ 25,000 $ 39,000
Kalkaska County Michigan 1 $ 45,000 $ 45,000 $ 62,000
Mecosta County Michigan 1 $ 36,000 $ 36,000 $ 80,000
Midland County Michigan 1 $ 83,000 $ 83,000 $ 82,000
Monroe County Michigan 1 $ 100,000 $ 100,000 $ 30,000
Oscoda County Michigan 1 $ 36,000 $ 36,000 $ 56,000
Roscommon County Michigan 1 $ 40,000 $ 40,000 $ 23,000
Washtenaw County Michigan 1 $ 75,000 $ 75,000 $ 116,000

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 Security Credit Union in 2016

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 Improvement 207 $4,548,000 $21,000 $160,000 $58,000 $203,000
Refinancing 106 $9,107,000 $85,000 $255,000 $70,000 $372,000
Home Purchase 24 $2,379,000 $99,000 $210,000 $70,000 $196,000

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 249 $13,757,000 $55,000 $255,000 $66,000 $372,000
Black or African American 43 $1,122,000 $26,000 $182,000 $44,000 $139,000
Not Provided 33 $832,000 $25,000 $100,000 $67,000 $190,000
Hispanic 9 $274,000 $30,000 $135,000 $47,000 $100,000
Native Hawaiin or Other Pacific Islander 2 $18,000 $9,000 $10,000 $78,000 $97,000
American Indian or Alaskan Native 1 $31,000 $31,000 $31,000 $0 $0
Asian 0 $0 $0 $0 $0 $0
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) 337 $16,034,000 $47,000 $255,000 $63,000 $372,000
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 216 $7,764,000 $35,000 $207,000 $61,000 $372,000
File Closed For Incompleteness 47 $3,588,000 $76,000 $245,000 $72,000 $157,000
Application Denied By Financial Institution 45 $1,853,000 $41,000 $210,000 $51,000 $137,000
Application Withdrawn By Applicant 24 $1,935,000 $80,000 $210,000 $77,000 $190,000
Application Approved But Not Accepted 5 $894,000 $178,000 $255,000 $84,000 $218,000
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
Credit History 21 $704,000 $33,000 $180,000 $53,000 $137,000
Debt-To-Income Ratio 15 $714,000 $47,000 $172,000 $40,000 $83,000
Collateral 3 $46,000 $15,000 $20,000 $69,000 $101,000
Other 3 $145,000 $48,000 $110,000 $64,000 $77,000
Insufficient Cash (Downpayment, Closing Cost) 2 $229,000 $114,000 $210,000 $57,000 $83,000
Unverifiable Information 1 $15,000 $15,000 $15,000 $67,000 $67,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 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