Towne Mortgage Company
Mortgage Loan Application
Totals and Details
for 2017

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 Towne Mortgage Company.
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 Towne Mortgage Company
2170 E. Big Beaver Road, Suite A
Troy, MI 48083
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2009  
Total Number of Mortgage Applications 6,601
Total Mortgage Loan Application Amount $1,062,366,000
Average Mortgage Loan Application Amount $167,000
Highest Mortgage Loan Application Amount $1,300,000
Average Applicant Income $73,333
Highest Applicant Income $1,345,000

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 Towne Mortgage Company by County in 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Lake County Ohio 1 $ 134,000 $ 134,000 $ 38,000
Lorain County Ohio 1 $ 183,000 $ 183,000 $ 79,000
Mercer County Ohio 1 $ 79,000 $ 79,000 $ 55,000
Miami County Ohio 1 $ 48,000 $ 48,000 $ 47,000
Paulding County Ohio 1 $ 116,000 $ 116,000 $ 120,000
Pickaway County Ohio 1 $ 78,000 $ 78,000 $ 48,000
Shelby County Ohio 1 $ 87,000 $ 87,000 $ 31,000
Summit County Ohio 1 $ 137,000 $ 137,000 $ 48,000
Josephine County Oregon 1 $ 267,000 $ 267,000 $ 65,000
Lincoln County Oregon 1 $ 204,000 $ 204,000 $ 69,000
Marion County Oregon 1 $ 252,000 $ 252,000 $ 84,000
Polk County Oregon 1 $ 150,000 $ 150,000 $ 37,000
Washington County Oregon 1 $ 110,000 $ 110,000 $ 42,000
Yamhill County Oregon 1 $ 211,000 $ 211,000 $ 51,000
Adams County Pennsylvania 1 $ 186,000 $ 186,000 $ 40,000
Westmoreland County Pennsylvania 1 $ 123,000 $ 123,000 $ 80,000
Charleston County South Carolina 1 $ 118,000 $ 118,000 $ 49,000
Cherokee County South Carolina 1 $ 166,000 $ 166,000 $ 93,000
Dorchester County South Carolina 1 $ 217,000 $ 217,000 $ 79,000
Edgefield County South Carolina 1 $ 177,000 $ 177,000 $ 46,000
Florence County South Carolina 1 $ 247,000 $ 247,000 $ 97,000
Greenwood County South Carolina 1 $ 132,000 $ 132,000 $ 37,000
Horry County South Carolina 1 $ 94,000 $ 94,000 $ 49,000
Marlboro County South Carolina 1 $ 61,000 $ 61,000 $ 26,000
Orangeburg County South Carolina 1 $ 78,000 $ 78,000 $ 46,000
Saluda County South Carolina 1 $ 186,000 $ 186,000 $ 86,000
Union County South Carolina 1 $ 96,000 $ 96,000 $ 63,000
Claiborne County Tennessee 1 $ 114,000 $ 114,000 $ 35,000
Cumberland County Tennessee 1 $ 170,000 $ 170,000 $ 75,000
Decatur County Tennessee 1 $ 106,000 $ 106,000 $ 39,000
Hamblen County Tennessee 1 $ 107,000 $ 107,000 $ 31,000
Hamilton County Tennessee 1 $ 109,000 $ 109,000 $ 32,000
Monroe County Tennessee 1 $ 107,000 $ 107,000 $ 19,000
Polk County Tennessee 1 $ 133,000 $ 133,000 $ 42,000
Rhea County Tennessee 1 $ 119,000 $ 119,000 $ 90,000
Roane County Tennessee 1 $ 108,000 $ 108,000 $ 38,000
Tipton County Tennessee 1 $ 181,000 $ 181,000 $ 69,000
Washington County Tennessee 1 $ 169,000 $ 169,000 $ 119,000
Wilson County Tennessee 1 $ 154,000 $ 154,000 $ 40,000
Brazoria County Texas 1 $ 242,000 $ 242,000 $ 0
Burnet County Texas 1 $ 261,000 $ 261,000 $ 0
Coryell County Texas 1 $ 94,000 $ 94,000 $ 0
Denton County Texas 1 $ 255,000 $ 255,000 $ 123,000
Ellis County Texas 1 $ 228,000 $ 228,000 $ 130,000
Franklin County Texas 1 $ 113,000 $ 113,000 $ 0
Harris County Texas 1 $ 100,000 $ 100,000 $ 47,000
Kaufman County Texas 1 $ 181,000 $ 181,000 $ 66,000
Randall County Texas 1 $ 90,000 $ 90,000 $ 130,000
Travis County Texas 1 $ 154,000 $ 154,000 $ 51,000
Waller County Texas 1 $ 404,000 $ 404,000 $ 0
Wise County Texas 1 $ 94,000 $ 94,000 $ 0
Culpeper County Virginia 1 $ 160,000 $ 160,000 $ 26,000
Dickenson County Virginia 1 $ 193,000 $ 193,000 $ 62,000
Prince William County Virginia 1 $ 173,000 $ 173,000 $ 33,000
Stafford County Virginia 1 $ 128,000 $ 128,000 $ 47,000
Clallam County Washington 1 $ 101,000 $ 101,000 $ 20,000
Clark County Washington 1 $ 119,000 $ 119,000 $ 40,000
Snohomish County Washington 1 $ 248,000 $ 248,000 $ 85,000
Clark County Wisconsin 1 $ 70,000 $ 70,000 $ 66,000
Eau Claire County Wisconsin 1 $ 204,000 $ 204,000 $ 128,000
Iowa County Wisconsin 1 $ 149,000 $ 149,000 $ 74,000
Juneau County Wisconsin 1 $ 65,000 $ 65,000 $ 68,000
Kenosha County Wisconsin 1 $ 179,000 $ 179,000 $ 67,000
Langlade County Wisconsin 1 $ 122,000 $ 122,000 $ 38,000
Monroe County Wisconsin 1 $ 88,000 $ 88,000 $ 49,000
Richland County Wisconsin 1 $ 66,000 $ 66,000 $ 34,000
Sawyer County Wisconsin 1 $ 66,000 $ 66,000 $ 97,000
Washburn County Wisconsin 1 $ 108,000 $ 108,000 $ 76,000
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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 Towne Mortgage Company in 2017

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 4,357 $700,425,000 $160,000 $850,000 $72,000 $1,345,000
Refinancing 2,243 $361,761,000 $161,000 $1,300,000 $74,000 $850,000
Home Improvement 1 $180,000 $180,000 $180,000 $74,000 $74,000

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 5,400 $862,999,000 $159,000 $850,000 $74,000 $1,345,000
Black or African American 416 $61,982,000 $148,000 $424,000 $62,000 $234,000
Not Provided 343 $59,781,000 $174,000 $1,300,000 $69,000 $850,000
Hispanic 303 $51,062,000 $168,000 $569,000 $67,000 $493,000
Asian 87 $18,225,000 $209,000 $480,000 $87,000 $382,000
American Indian or Alaskan Native 28 $3,966,000 $141,000 $285,000 $56,000 $120,000
Not applicable 15 $2,166,000 $144,000 $319,000 $58,000 $182,000
Native Hawaiian or Other Pacific Islander 9 $2,185,000 $242,000 $424,000 $88,000 $155,000

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) 3,416 $578,472,000 $169,000 $1,300,000 $85,000 $1,345,000
FHA-insured (Federal Housing Administration) 2,558 $379,806,000 $148,000 $647,000 $60,000 $323,000
VA-guaranteed (Veterans Administration) 424 $78,532,000 $185,000 $569,000 $62,000 $256,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 203 $25,556,000 $125,000 $428,000 $47,000 $96,000

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 4,451 $716,361,000 $160,000 $825,000 $75,000 $772,000
Application Withdrawn By Applicant 1,448 $229,300,000 $158,000 $850,000 $70,000 $1,345,000
Application Denied By Financial Institution 493 $78,541,000 $159,000 $1,300,000 $61,000 $850,000
Loan Purchased By The Institution 151 $28,836,000 $190,000 $569,000 $71,000 $374,000
Application Approved But Not Accepted 48 $7,434,000 $154,000 $408,000 $74,000 $260,000
File Closed For Incompleteness 10 $1,894,000 $189,000 $300,000 $136,000 $466,000
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
Debt-To-Income Ratio 157 $25,125,000 $160,000 $635,000 $45,000 $167,000
Credit History 133 $21,320,000 $160,000 $1,300,000 $72,000 $850,000
Collateral 99 $16,964,000 $171,000 $528,000 $75,000 $240,000
Other 36 $4,443,000 $123,000 $310,000 $55,000 $146,000
Employment History 33 $4,807,000 $145,000 $270,000 $40,000 $79,000
Insufficient Cash (Downpayment, Closing Cost) 17 $2,793,000 $164,000 $325,000 $71,000 $175,000
Unverifiable Information 4 $373,000 $93,000 $118,000 $103,000 $216,000
Credit Application Incomplete 2 $560,000 $280,000 $424,000 $170,000 $261,000
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