Sturgis Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Sturgis Bank & Trust of Sturgis, MI reported 38 mortgage applications totaling $4.2 million, down 21% from 2014. The average application was for $110,289, and applicants reported an average income of $64,289. 74% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Kalamazoo-Portage, MI (4) and Niles-Benton Harbor, MI (1).
| Mortgage Company & Address | Sturgis Bank & Trust 113-125 E Chicago Rd Sturgis, MI 49091 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 38 |
| Total Mortgage Loan Application Amount | $4,191,000 |
| Average Mortgage Loan Application Amount | $110,289 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $64,289 |
| Highest Applicant Income | $252,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sturgis Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Joseph, Michigan | 24 | $ 1,065,000 | $ 44,375 | $ 64,000 |
| Branch, Michigan | 7 | $ 271,000 | $ 38,714 | $ 50,000 |
| Van Buren, Michigan | 4 | $ 709,000 | $ 177,250 | $ 91,000 |
| Allegan, Michigan | 2 | $ 46,000 | $ 23,000 | $ 98,000 |
| Berrien, Michigan | 1 | $ 2,100,000 | $ 2,100,000 | $ 0 |
Mortgage Loan Application Detail Totals for Sturgis Bank & Trust in 2015
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 |
|---|---|---|---|---|---|---|
| Refinancing | 15 | $540,000 | $36,000 | $142,000 | $53,000 | $98,000 |
| Home Purchase | 12 | $3,360,000 | $280,000 | $2,100,000 | $86,000 | $252,000 |
| Home Improvement | 11 | $291,000 | $26,000 | $115,000 | $56,000 | $148,000 |
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 | 26 | $1,035,000 | $39,000 | $142,000 | $72,000 | $252,000 |
| Hispanic | 6 | $114,000 | $19,000 | $37,000 | $40,000 | $55,000 |
| Not applicable | 4 | $2,898,000 | $724,000 | $2,100,000 | $0 | $0 |
| Not Provided | 1 | $115,000 | $115,000 | $115,000 | $90,000 | $90,000 |
| Asian | 1 | $29,000 | $29,000 | $29,000 | $246,000 | $246,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 38 | $4,191,000 | $110,000 | $2,100,000 | $64,000 | $252,000 |
| 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 | 28 | $3,416,000 | $122,000 | $2,100,000 | $69,000 | $252,000 |
| Application Denied By Financial Institution | 5 | $555,000 | $111,000 | $488,000 | $29,000 | $49,000 |
| Application Withdrawn By Applicant | 4 | $200,000 | $50,000 | $115,000 | $87,000 | $148,000 |
| Application Approved But Not Accepted | 1 | $20,000 | $20,000 | $20,000 | $32,000 | $32,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sturgis Bank & Trust's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Sturgis Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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