Towne Mortgage Company
Mortgage Loan Application
Totals and Details
for 2011

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 3,073
Total Mortgage Loan Application Amount $430,724,000
Average Mortgage Loan Application Amount $140,500
Highest Mortgage Loan Application Amount $1,800,000
Average Applicant Income $72,500
Highest Applicant Income $1,399,000

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 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Oakland County Michigan 246 $ 40,890,000 $ 166,000 $ 85,000
Milwaukee County Wisconsin 188 $ 25,493,000 $ 135,000 $ 75,000
Hennepin County Minnesota 183 $ 36,104,000 $ 197,000 $ 103,000
Muskegon County Michigan 162 $ 14,502,000 $ 89,000 $ 47,000
Wayne County Michigan 150 $ 19,114,000 $ 127,000 $ 68,000
Macomb County Michigan 149 $ 18,090,000 $ 121,000 $ 60,000
Genesee County Michigan 100 $ 9,432,000 $ 94,000 $ 61,000
Waukesha County Wisconsin 81 $ 15,131,000 $ 186,000 $ 92,000
Monroe County Michigan 71 $ 7,130,000 $ 100,000 $ 47,000
Ramsey County Minnesota 60 $ 10,391,000 $ 173,000 $ 97,000
Anoka County Minnesota 57 $ 9,745,000 $ 170,000 $ 81,000
Brown County Wisconsin 53 $ 7,453,000 $ 140,000 $ 70,000
Kent County Michigan 50 $ 4,914,000 $ 98,000 $ 50,000
Oconto County Wisconsin 46 $ 4,728,000 $ 102,000 $ 48,000
Racine County Wisconsin 45 $ 5,349,000 $ 118,000 $ 60,000
Dakota County Minnesota 44 $ 8,108,000 $ 184,000 $ 92,000
Washington County Wisconsin 44 $ 7,092,000 $ 161,000 $ 73,000
Washtenaw County Michigan 43 $ 7,429,000 $ 172,000 $ 88,000
Washington County Minnesota 41 $ 7,165,000 $ 174,000 $ 83,000
Cook County Illinois 36 $ 6,541,000 $ 181,000 $ 82,000
Hillsborough County Florida 35 $ 4,823,000 $ 137,000 $ 65,000
Ottawa County Michigan 33 $ 4,028,000 $ 122,000 $ 69,000
Livingston County Michigan 32 $ 4,967,000 $ 155,000 $ 79,000
Calumet County Wisconsin 31 $ 3,681,000 $ 118,000 $ 67,000
Fond du Lac County Wisconsin 31 $ 3,655,000 $ 117,000 $ 60,000
Oneida County Wisconsin 31 $ 5,051,000 $ 162,000 $ 70,000
Franklin County Ohio 26 $ 3,149,000 $ 121,000 $ 68,000
Saginaw County Michigan 25 $ 2,896,000 $ 115,000 $ 71,000
Outagamie County Wisconsin 25 $ 3,501,000 $ 140,000 $ 64,000
St. Croix County Wisconsin 25 $ 3,651,000 $ 146,000 $ 72,000
Lincoln County Wisconsin 23 $ 2,811,000 $ 122,000 $ 78,000
Pinellas County Florida 20 $ 2,762,000 $ 138,000 $ 54,000
Gwinnett County Georgia 20 $ 2,927,000 $ 146,000 $ 68,000
Chisago County Minnesota 20 $ 2,883,000 $ 144,000 $ 63,000
Isanti County Minnesota 20 $ 2,949,000 $ 147,000 $ 78,000
Rock County Wisconsin 20 $ 2,034,000 $ 101,000 $ 54,000
Winnebago County Wisconsin 20 $ 2,468,000 $ 123,000 $ 56,000
Kenosha County Wisconsin 19 $ 2,429,000 $ 127,000 $ 57,000
Wright County Minnesota 18 $ 3,525,000 $ 195,000 $ 98,000
Dunn County Wisconsin 18 $ 2,253,000 $ 125,000 $ 76,000
Manitowoc County Wisconsin 18 $ 2,278,000 $ 126,000 $ 72,000
St. Clair County Michigan 16 $ 1,599,000 $ 99,000 $ 45,000
Carver County Minnesota 16 $ 3,549,000 $ 221,000 $ 110,000
Marinette County Wisconsin 16 $ 1,765,000 $ 110,000 $ 53,000
Bay County Michigan 14 $ 1,127,000 $ 80,000 $ 41,000
Pine County Minnesota 14 $ 1,531,000 $ 109,000 $ 44,000
Sherburne County Minnesota 14 $ 1,894,000 $ 135,000 $ 75,000
Dane County Wisconsin 14 $ 2,338,000 $ 167,000 $ 66,000
Pierce County Wisconsin 13 $ 1,728,000 $ 132,000 $ 68,000
Shawano County Wisconsin 13 $ 1,285,000 $ 98,000 $ 38,000
Lapeer County Michigan 12 $ 1,693,000 $ 141,000 $ 53,000
Oceana County Michigan 12 $ 1,169,000 $ 97,000 $ 56,000
Polk County Wisconsin 12 $ 1,365,000 $ 113,000 $ 55,000
Vilas County Wisconsin 11 $ 2,057,000 $ 187,000 $ 109,000
Hamilton County Ohio 10 $ 1,602,000 $ 160,000 $ 92,000
Fulton County Georgia 9 $ 1,349,000 $ 149,000 $ 66,000
Cuyahoga County Ohio 9 $ 1,149,000 $ 127,000 $ 67,000
Lorain County Ohio 9 $ 1,291,000 $ 143,000 $ 70,000
Portage County Wisconsin 9 $ 1,441,000 $ 160,000 $ 67,000
Miami-Dade County Florida 8 $ 1,778,000 $ 222,000 $ 110,000
Pasco County Florida 8 $ 1,192,000 $ 149,000 $ 88,000
Sarasota County Florida 8 $ 1,000,000 $ 125,000 $ 68,000
DeKalb County Georgia 8 $ 1,381,000 $ 172,000 $ 55,000
Allegan County Michigan 7 $ 772,000 $ 110,000 $ 54,000
Ingham County Michigan 7 $ 619,000 $ 88,000 $ 39,000
Jackson County Michigan 7 $ 899,000 $ 128,000 $ 75,000
Tuscola County Michigan 7 $ 435,000 $ 62,000 $ 37,000
Scott County Minnesota 7 $ 1,259,000 $ 179,000 $ 66,000
Clermont County Ohio 7 $ 1,028,000 $ 146,000 $ 92,000
Dodge County Wisconsin 7 $ 1,153,000 $ 164,000 $ 72,000
Collier County Florida 6 $ 1,421,000 $ 236,000 $ 112,000
Cobb County Georgia 6 $ 706,000 $ 117,000 $ 60,000
DuPage County Illinois 6 $ 1,641,000 $ 273,000 $ 117,000
Lenawee County Michigan 6 $ 607,000 $ 101,000 $ 54,000
Midland County Michigan 6 $ 921,000 $ 153,000 $ 72,000
Olmsted County Minnesota 6 $ 773,000 $ 128,000 $ 57,000
Muskingum County Ohio 6 $ 684,000 $ 114,000 $ 38,000
Lee County Florida 5 $ 678,000 $ 135,000 $ 45,000
Orange County Florida 5 $ 1,194,000 $ 238,000 $ 86,000
Douglas County Georgia 5 $ 928,000 $ 185,000 $ 96,000
Kane County Illinois 5 $ 926,000 $ 185,000 $ 88,000
Lake County Illinois 5 $ 1,453,000 $ 290,000 $ 82,000
Will County Illinois 5 $ 887,000 $ 177,000 $ 83,000
Allen County Indiana 5 $ 376,000 $ 75,000 $ 48,000
Marion County Indiana 5 $ 684,000 $ 136,000 $ 67,000
Menominee County Michigan 5 $ 440,000 $ 88,000 $ 62,000
Newaygo County Michigan 5 $ 580,000 $ 116,000 $ 61,000
Crow Wing County Minnesota 5 $ 1,021,000 $ 204,000 $ 141,000
Fairfield County Ohio 5 $ 361,000 $ 72,000 $ 103,000
Warren County Ohio 5 $ 871,000 $ 174,000 $ 108,000
Chippewa County Wisconsin 5 $ 479,000 $ 95,000 $ 50,000
Eau Claire County Wisconsin 5 $ 548,000 $ 109,000 $ 71,000
Green Lake County Wisconsin 5 $ 583,000 $ 116,000 $ 58,000
Jefferson County Wisconsin 5 $ 512,000 $ 102,000 $ 64,000
Ozaukee County Wisconsin 5 $ 742,000 $ 148,000 $ 68,000
Price County Wisconsin 5 $ 529,000 $ 105,000 $ 51,000
Sheboygan County Wisconsin 5 $ 1,066,000 $ 213,000 $ 109,000
Polk County Florida 4 $ 461,000 $ 115,000 $ 55,000
Seminole County Florida 4 $ 687,000 $ 171,000 $ 63,000
McHenry County Illinois 4 $ 639,000 $ 159,000 $ 77,000
St. Joseph County Indiana 4 $ 344,000 $ 86,000 $ 60,000
Butler County Ohio 4 $ 488,000 $ 122,000 $ 59,000
Delaware County Ohio 4 $ 1,016,000 $ 254,000 $ 90,000
Licking County Ohio 4 $ 674,000 $ 168,000 $ 69,000
Miami County Ohio 4 $ 410,000 $ 102,000 $ 37,000
Waushara County Wisconsin 4 $ 583,000 $ 145,000 $ 98,000
Charlotte County Florida 3 $ 225,000 $ 75,000 $ 38,000
Carroll County Georgia 3 $ 185,000 $ 61,000 $ 33,000
Cherokee County Georgia 3 $ 596,000 $ 198,000 $ 75,000
Hall County Georgia 3 $ 393,000 $ 131,000 $ 58,000
Hamilton County Indiana 3 $ 557,000 $ 185,000 $ 82,000
Hendricks County Indiana 3 $ 437,000 $ 145,000 $ 52,000
Madison County Indiana 3 $ 248,000 $ 82,000 $ 55,000
Calhoun County Michigan 3 $ 308,000 $ 102,000 $ 20,000
Eaton County Michigan 3 $ 356,000 $ 118,000 $ 52,000
Houghton County Michigan 3 $ 187,000 $ 62,000 $ 37,000
Ionia County Michigan 3 $ 306,000 $ 102,000 $ 59,000
Kalamazoo County Michigan 3 $ 290,000 $ 96,000 $ 37,000
Montcalm County Michigan 3 $ 248,000 $ 82,000 $ 50,000
Mille Lacs County Minnesota 3 $ 353,000 $ 117,000 $ 58,000
Burnett County Wisconsin 3 $ 388,000 $ 129,000 $ 116,000
Columbia County Wisconsin 3 $ 391,000 $ 130,000 $ 69,000
Kewaunee County Wisconsin 3 $ 353,000 $ 117,000 $ 81,000
Marathon County Wisconsin 3 $ 525,000 $ 175,000 $ 58,000
Walworth County Wisconsin 3 $ 312,000 $ 104,000 $ 51,000
Waupaca County Wisconsin 3 $ 331,000 $ 110,000 $ 52,000
Bay County Florida 2 $ 209,000 $ 104,000 $ 39,000
Brevard County Florida 2 $ 152,000 $ 76,000 $ 38,000
Broward County Florida 2 $ 290,000 $ 145,000 $ 108,000
Manatee County Florida 2 $ 660,000 $ 330,000 $ 164,000
Palm Beach County Florida 2 $ 149,000 $ 74,000 $ 91,000
Chatham County Georgia 2 $ 617,000 $ 308,000 $ 70,000
Clayton County Georgia 2 $ 136,000 $ 68,000 $ 51,000
Henry County Georgia 2 $ 187,000 $ 93,000 $ 64,000
Newton County Georgia 2 $ 177,000 $ 88,000 $ 20,000
Paulding County Georgia 2 $ 188,000 $ 94,000 $ 33,000
Grant County Indiana 2 $ 108,000 $ 54,000 $ 49,000
Putnam County Indiana 2 $ 214,000 $ 107,000 $ 53,000
Arenac County Michigan 2 $ 106,000 $ 53,000 $ 30,000
Berrien County Michigan 2 $ 335,000 $ 167,000 $ 97,000
Emmet County Michigan 2 $ 340,000 $ 170,000 $ 721,000
Gladwin County Michigan 2 $ 171,000 $ 85,000 $ 46,000
Kalkaska County Michigan 2 $ 254,000 $ 127,000 $ 130,000
Oscoda County Michigan 2 $ 82,000 $ 41,000 $ 53,000
Roscommon County Michigan 2 $ 103,000 $ 51,000 $ 44,000
Van Buren County Michigan 2 $ 172,000 $ 86,000 $ 44,000
Carlton County Minnesota 2 $ 166,000 $ 83,000 $ 37,000
Clay County Minnesota 2 $ 378,000 $ 189,000 $ 65,000
Itasca County Minnesota 2 $ 269,000 $ 134,000 $ 140,000
Winona County Minnesota 2 $ 186,000 $ 93,000 $ 76,000
Clark County Ohio 2 $ 130,000 $ 65,000 $ 47,000
Geauga County Ohio 2 $ 406,000 $ 203,000 $ 136,000
Lake County Ohio 2 $ 132,000 $ 66,000 $ 49,000
Medina County Ohio 2 $ 309,000 $ 154,000 $ 182,000
Montgomery County Ohio 2 $ 147,000 $ 73,000 $ 47,000
Ross County Ohio 2 $ 146,000 $ 73,000 $ 43,000
Monroe County Tennessee 2 $ 355,000 $ 177,000 $ 65,000
Barron County Wisconsin 2 $ 264,000 $ 132,000 $ 39,000
Door County Wisconsin 2 $ 242,000 $ 121,000 $ 43,000
Richland County Wisconsin 2 $ 176,000 $ 88,000 $ 59,000
Sauk County Wisconsin 2 $ 341,000 $ 170,000 $ 94,000
Maricopa County Arizona 1 $ 271,000 $ 271,000 $ 161,000
Clay County Florida 1 $ 70,000 $ 70,000 $ 21,000
Duval County Florida 1 $ 322,000 $ 322,000 $ 188,000
Escambia County Florida 1 $ 122,000 $ 122,000 $ 60,000
Lake County Florida 1 $ 46,000 $ 46,000 $ 92,000
Okeechobee County Florida 1 $ 190,000 $ 190,000 $ 86,000
Osceola County Florida 1 $ 190,000 $ 190,000 $ 87,000
Bartow County Georgia 1 $ 84,000 $ 84,000 $ 53,000
Ben Hill County Georgia 1 $ 114,000 $ 114,000 $ 49,000
Fayette County Georgia 1 $ 110,000 $ 110,000 $ 42,000
Forsyth County Georgia 1 $ 283,000 $ 283,000 $ 74,000
Haralson County Georgia 1 $ 100,000 $ 100,000 $ 29,000
Jackson County Georgia 1 $ 48,000 $ 48,000 $ 61,000
Liberty County Georgia 1 $ 56,000 $ 56,000 $ 41,000
Polk County Georgia 1 $ 60,000 $ 60,000 $ 16,000
Rockdale County Georgia 1 $ 62,000 $ 62,000 $ 16,000
Thomas County Georgia 1 $ 93,000 $ 93,000 $ 72,000
Walker County Georgia 1 $ 145,000 $ 145,000 $ 94,000
Champaign County Illinois 1 $ 139,000 $ 139,000 $ 90,000
Jefferson County Illinois 1 $ 50,000 $ 50,000 $ 34,000
Kendall County Illinois 1 $ 159,000 $ 159,000 $ 121,000
Boone County Indiana 1 $ 147,000 $ 147,000 $ 37,000
Dubois County Indiana 1 $ 119,000 $ 119,000 $ 55,000
Elkhart County Indiana 1 $ 52,000 $ 52,000 $ 27,000
Floyd County Indiana 1 $ 178,000 $ 178,000 $ 68,000
Howard County Indiana 1 $ 138,000 $ 138,000 $ 56,000
Kosciusko County Indiana 1 $ 167,000 $ 167,000 $ 42,000
Morgan County Indiana 1 $ 96,000 $ 96,000 $ 54,000
Parke County Indiana 1 $ 55,000 $ 55,000 $ 60,000
Porter County Indiana 1 $ 289,000 $ 289,000 $ 85,000
Randolph County Indiana 1 $ 66,000 $ 66,000 $ 39,000
Scott County Indiana 1 $ 114,000 $ 114,000 $ 52,000
Steuben County Indiana 1 $ 39,000 $ 39,000 $ 19,000
Tipton County Indiana 1 $ 126,000 $ 126,000 $ 0
Vermillion County Indiana 1 $ 94,000 $ 94,000 $ 55,000
Johnson County Kansas 1 $ 186,000 $ 186,000 $ 160,000
Adair County Kentucky 1 $ 95,000 $ 95,000 $ 49,000
Boone County Kentucky 1 $ 152,000 $ 152,000 $ 62,000
Letcher County Kentucky 1 $ 92,000 $ 92,000 $ 36,000
Marion County Kentucky 1 $ 73,000 $ 73,000 $ 28,000
Frederick County Maryland 1 $ 351,000 $ 351,000 $ 134,000
Alcona County Michigan 1 $ 177,000 $ 177,000 $ 68,000
Alpena County Michigan 1 $ 80,000 $ 80,000 $ 15,000
Charlevoix County Michigan 1 $ 413,000 $ 413,000 $ 480,000
Cheboygan County Michigan 1 $ 89,000 $ 89,000 $ 38,000
Clare County Michigan 1 $ 132,000 $ 132,000 $ 123,000
Crawford County Michigan 1 $ 37,000 $ 37,000 $ 27,000
Gratiot County Michigan 1 $ 69,000 $ 69,000 $ 32,000
Hillsdale County Michigan 1 $ 345,000 $ 345,000 $ 91,000
Huron County Michigan 1 $ 103,000 $ 103,000 $ 40,000
Iosco County Michigan 1 $ 122,000 $ 122,000 $ 65,000
Lake County Michigan 1 $ 190,000 $ 190,000 $ 81,000
Mecosta County Michigan 1 $ 60,000 $ 60,000 $ 46,000
Ogemaw County Michigan 1 $ 155,000 $ 155,000 $ 102,000
Osceola County Michigan 1 $ 188,000 $ 188,000 $ 83,000
Sanilac County Michigan 1 $ 99,000 $ 99,000 $ 27,000
Shiawassee County Michigan 1 $ 115,000 $ 115,000 $ 62,000
Cass County Minnesota 1 $ 417,000 $ 417,000 $ 159,000
Douglas County Minnesota 1 $ 247,000 $ 247,000 $ 146,000
Goodhue County Minnesota 1 $ 127,000 $ 127,000 $ 67,000
Kanabec County Minnesota 1 $ 53,000 $ 53,000 $ 22,000
Koochiching County Minnesota 1 $ 69,000 $ 69,000 $ 60,000
Lyon County Minnesota 1 $ 72,000 $ 72,000 $ 50,000
McLeod County Minnesota 1 $ 140,000 $ 140,000 $ 34,000
Otter Tail County Minnesota 1 $ 67,000 $ 67,000 $ 39,000
Polk County Minnesota 1 $ 65,000 $ 65,000 $ 66,000
Rice County Minnesota 1 $ 256,000 $ 256,000 $ 213,000
Sibley County Minnesota 1 $ 130,000 $ 130,000 $ 62,000
St. Louis County Minnesota 1 $ 57,000 $ 57,000 $ 32,000
Waseca County Minnesota 1 $ 65,000 $ 65,000 $ 34,000
Morris County New Jersey 1 $ 388,000 $ 388,000 $ 234,000
Clinton County Ohio 1 $ 99,000 $ 99,000 $ 26,000
Greene County Ohio 1 $ 108,000 $ 108,000 $ 106,000
Hancock County Ohio 1 $ 88,000 $ 88,000 $ 45,000
Morrow County Ohio 1 $ 73,000 $ 73,000 $ 41,000
Pickaway County Ohio 1 $ 142,000 $ 142,000 $ 57,000
Preble County Ohio 1 $ 53,000 $ 53,000 $ 24,000
Sandusky County Ohio 1 $ 90,000 $ 90,000 $ 37,000
Summit County Ohio 1 $ 50,000 $ 50,000 $ 79,000
Union County Ohio 1 $ 60,000 $ 60,000 $ 59,000
Dickson County Tennessee 1 $ 64,000 $ 64,000 $ 87,000
Hardeman County Tennessee 1 $ 94,000 $ 94,000 $ 145,000
Knox County Tennessee 1 $ 105,000 $ 105,000 $ 29,000
Loudon County Tennessee 1 $ 96,000 $ 96,000 $ 51,000
Roane County Tennessee 1 $ 131,000 $ 131,000 $ 50,000
Robertson County Tennessee 1 $ 86,000 $ 86,000 $ 0
Union County Tennessee 1 $ 85,000 $ 85,000 $ 45,000
Snohomish County Washington 1 $ 306,000 $ 306,000 $ 160,000
Adams County Wisconsin 1 $ 110,000 $ 110,000 $ 106,000
Bayfield County Wisconsin 1 $ 153,000 $ 153,000 $ 55,000
Green County Wisconsin 1 $ 153,000 $ 153,000 $ 51,000
La Crosse County Wisconsin 1 $ 89,000 $ 89,000 $ 37,000
Monroe County Wisconsin 1 $ 117,000 $ 117,000 $ 30,000
Taylor County Wisconsin 1 $ 129,000 $ 129,000 $ 44,000
Vernon County Wisconsin 1 $ 156,000 $ 156,000 $ 41,000

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 Towne Mortgage Company in 2011

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 1,596 $192,674,000 $120,000 $1,800,000 $61,000 $1,002,000
Refinancing 1,477 $238,050,000 $161,000 $417,000 $84,000 $1,399,000
Home Improvement 0 $0 $0 $0 $0 $0

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 2,554 $359,466,000 $140,000 $1,800,000 $73,000 $1,399,000
Not Provided 240 $34,167,000 $142,000 $417,000 $69,000 $480,000
Black or African American 155 $17,649,000 $113,000 $414,000 $54,000 $198,000
Hispanic 66 $8,686,000 $131,000 $360,000 $60,000 $344,000
Asian 46 $9,302,000 $202,000 $417,000 $105,000 $341,000
American Indian or Alaskan Native 8 $770,000 $96,000 $153,000 $49,000 $80,000
Native Hawaiian or Other Pacific Islander 4 $684,000 $171,000 $258,000 $71,000 $125,000
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
FHA-insured (Federal Housing Administration) 1,696 $213,431,000 $125,000 $417,000 $61,000 $621,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,235 $200,666,000 $162,000 $1,800,000 $90,000 $1,399,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 79 $8,181,000 $103,000 $274,000 $39,000 $96,000
VA-guaranteed (Veterans Administration) 63 $8,446,000 $134,000 $345,000 $60,000 $186,000

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 2,062 $291,740,000 $141,000 $417,000 $73,000 $621,000
Application Withdrawn By Applicant 526 $77,387,000 $147,000 $1,800,000 $76,000 $1,399,000
Application Denied By Financial Institution 485 $61,597,000 $127,000 $417,000 $62,000 $660,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
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
Credit History 146 $15,913,000 $108,000 $404,000 $53,000 $215,000
Debt-To-Income Ratio 99 $13,601,000 $137,000 $417,000 $51,000 $201,000
Collateral 83 $11,514,000 $138,000 $417,000 $75,000 $473,000
Other 53 $7,063,000 $133,000 $343,000 $66,000 $233,000
Employment History 31 $3,920,000 $126,000 $417,000 $61,000 $445,000
Insufficient Cash (Downpayment, Closing Cost) 20 $2,902,000 $145,000 $416,000 $121,000 $660,000
Unverifiable Information 4 $513,000 $128,000 $192,000 $75,000 $98,000
Credit Application Incomplete 1 $263,000 $263,000 $263,000 $88,000 $88,000
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