Towne Mortgage Company
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 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 6,713
Total Mortgage Loan Application Amount $1,084,613,000
Average Mortgage Loan Application Amount $162,500
Highest Mortgage Loan Application Amount $931,000
Average Applicant Income $77,000
Highest Applicant Income $795,000

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 Metropolitan Area in 2016

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
WARREN-TROY-FARMINGTON HILLS, MI 2,223 $ 396,580,000 $ 178,000 $ 84,000
DETROIT-DEARBORN-LIVONIA, MI 507 $ 83,848,000 $ 165,000 $ 86,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 449 $ 88,969,000 $ 191,000 $ 78,500
MUSKEGON, MI 233 $ 24,428,000 $ 104,000 $ 59,000
MILWAUKEE-WAUKESHA-WEST ALLIS, WI 208 $ 33,929,000 $ 163,000 $ 78,000
MONROE, MI 185 $ 25,542,000 $ 138,000 $ 70,000
FLINT, MI 160 $ 20,213,000 $ 126,000 $ 66,000
GREEN BAY, WI 141 $ 17,793,000 $ 126,000 $ 63,000
LANSING-EAST LANSING, MI 121 $ 17,121,000 $ 141,000 $ 68,000
GRAND RAPIDS-WYOMING, MI 107 $ 16,336,000 $ 152,000 $ 70,000
APPLETON, WI 94 $ 12,781,000 $ 135,000 $ 64,000
ANN ARBOR, MI 62 $ 11,559,000 $ 186,000 $ 87,000
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 60 $ 11,212,000 $ 186,000 $ 69,000
DULUTH, MN-WI 59 $ 8,446,000 $ 142,500 $ 63,500
JACKSONVILLE, FL 57 $ 7,364,000 $ 129,000 $ 61,000
SAGINAW, MI 51 $ 5,614,000 $ 110,000 $ 55,000
ATLANTA-SANDY SPRINGS-ROSWELL, GA 49 $ 7,561,000 $ 154,000 $ 55,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 46 $ 8,269,000 $ 179,000 $ 65,000
TALLAHASSEE, FL 41 $ 5,908,000 $ 144,000 $ 56,000
OSHKOSH-NEENAH, WI 40 $ 5,369,000 $ 134,000 $ 70,000
SHEBOYGAN, WI 37 $ 5,042,000 $ 136,000 $ 63,000
ORLANDO-KISSIMMEE-SANFORD, FL 32 $ 5,750,000 $ 179,000 $ 65,000
FOND DU LAC, WI 30 $ 3,641,000 $ 121,000 $ 60,000
NORTH PORT-SARASOTA-BRADENTON, FL 30 $ 5,217,000 $ 173,000 $ 70,000
CHICAGO-NAPERVILLE-ARLINGTON HEIGHTS, IL 29 $ 5,830,000 $ 201,000 $ 50,000
CLEVELAND-ELYRIA, OH 25 $ 4,425,000 $ 177,000 $ 101,000
EAU CLAIRE, WI 23 $ 2,856,000 $ 124,000 $ 63,000
RACINE, WI 21 $ 3,230,000 $ 153,000 $ 64,000
COLUMBUS, OH 20 $ 3,080,000 $ 154,000 $ 83,000
ROCKFORD, IL 20 $ 2,521,000 $ 126,000 $ 62,000
JANESVILLE-BELOIT, WI 17 $ 1,779,000 $ 104,000 $ 56,000
KALAMAZOO-PORTAGE, MI 13 $ 1,549,000 $ 119,000 $ 54,000
MADISON, WI 11 $ 2,045,000 $ 185,000 $ 74,000
DALLAS-PLANO-IRVING, TX 10 $ 2,040,000 $ 204,000 $ 52,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 10 $ 1,569,000 $ 156,000 $ 65,000
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 10 $ 2,267,000 $ 226,000 $ 70,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 10 $ 2,273,000 $ 227,000 $ 70,000
HOMOSASSA SPRINGS, FL 9 $ 1,392,000 $ 154,000 $ 34,000
JACKSON, MI 9 $ 1,185,000 $ 131,000 $ 77,000
ROCHESTER, MN 9 $ 1,521,000 $ 169,000 $ 96,000
SAN DIEGO-CARLSBAD, CA 9 $ 2,691,000 $ 299,000 $ 72,000
BAY CITY, MI 8 $ 1,192,000 $ 149,000 $ 83,000
CINCINNATI, OH-KY-IN 8 $ 1,565,000 $ 189,500 $ 61,000
AKRON, OH 7 $ 1,132,000 $ 161,000 $ 95,000
BATTLE CREEK, MI 7 $ 544,000 $ 77,000 $ 43,000
CAPE CORAL-FORT MYERS, FL 7 $ 1,419,000 $ 202,000 $ 120,000
INDIANAPOLIS-CARMEL-ANDERSON, IN 7 $ 1,334,000 $ 190,000 $ 95,000
SOUTH BEND-MISHAWAKA, IN-MI 7 $ 730,000 $ 102,500 $ 31,500
TOLEDO, OH 7 $ 519,000 $ 74,000 $ 60,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 6 $ 953,000 $ 158,500 $ 80,000
DAYTON, OH 6 $ 695,000 $ 115,000 $ 42,000
FORT WORTH-ARLINGTON, TX 6 $ 1,521,000 $ 253,000 $ 53,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 6 $ 803,000 $ 133,000 $ 60,000
NILES-BENTON HARBOR, MI 6 $ 710,000 $ 118,000 $ 72,000
LAKELAND-WINTER HAVEN, FL 5 $ 809,000 $ 161,000 $ 50,000
NAPLES-IMMOKALEE-MARCO ISLAND, FL 5 $ 2,380,000 $ 476,000 $ 207,000
OCALA, FL 5 $ 713,000 $ 142,000 $ 83,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 5 $ 798,000 $ 159,000 $ 38,000
MADERA, CA 4 $ 1,032,000 $ 258,000 $ 16,000
MIDLAND, MI 4 $ 547,000 $ 136,000 $ 86,000
MUNCIE, IN 4 $ 419,000 $ 104,000 $ 61,000
PUNTA GORDA, FL 4 $ 508,000 $ 127,000 $ 47,000
SALINAS, CA 4 $ 1,297,000 $ 324,000 $ 58,000
SAN ANTONIO-NEW BRAUNFELS, TX 4 $ 821,000 $ 205,000 $ 0
TACOMA-LAKEWOOD, WA 4 $ 784,000 $ 196,000 $ 107,000
WEST PALM BEACH-BOCA RATON-DELRAY BEACH, FL 4 $ 875,000 $ 218,000 $ 84,000
GRAND JUNCTION, CO 3 $ 404,000 $ 134,000 $ 18,000
GREENVILLE-ANDERSON-MAULDIN, SC 3 $ 648,000 $ 216,000 $ 77,000
HICKORY-LENOIR-MORGANTON, NC 3 $ 425,000 $ 141,000 $ 57,000
PORT ST. LUCIE, FL 3 $ 476,000 $ 158,000 $ 80,000
SACRAMENTO--ROSEVILLE--ARDEN-ARCADE, CA 3 $ 898,000 $ 299,000 $ 44,000
SAN ANGELO, TX 3 $ 426,000 $ 142,000 $ 18,000
ST. CLOUD, MN 3 $ 538,000 $ 179,000 $ 64,000
ANAHEIM-SANTA ANA-IRVINE, CA 2 $ 994,000 $ 497,000 $ 140,000
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $ 133,000 $ 66,000 $ 44,000
AUSTIN-ROUND ROCK, TX 2 $ 582,000 $ 291,000 $ 77,000
COLORADO SPRINGS, CO 2 $ 414,000 $ 207,000 $ 0
CORPUS CHRISTI, TX 2 $ 357,000 $ 178,000 $ 32,000
FLORENCE-MUSCLE SHOALS, AL 2 $ 295,000 $ 147,000 $ 76,000
GAINESVILLE, FL 2 $ 501,000 $ 250,000 $ 47,000
HARRISBURG-CARLISLE, PA 2 $ 359,000 $ 179,000 $ 62,000
KILLEEN-TEMPLE, TX 2 $ 383,000 $ 191,000 $ 0
LA CROSSE-ONALASKA, WI-MN 2 $ 268,000 $ 134,000 $ 63,500
MACON, GA 2 $ 282,000 $ 141,000 $ 48,000
MANKATO-NORTH MANKATO, MN 2 $ 249,000 $ 124,000 $ 43,000
MIAMI-MIAMI BEACH-KENDALL, FL 2 $ 584,000 $ 292,000 $ 159,000
PUEBLO, CO 2 $ 216,000 $ 108,000 $ 0
SAVANNAH, GA 2 $ 363,000 $ 181,000 $ 130,000
SEATTLE-BELLEVUE-EVERETT, WA 2 $ 459,000 $ 229,000 $ 66,000
SPARTANBURG, SC 2 $ 214,000 $ 107,000 $ 40,000
WAUSAU, WI 2 $ 330,000 $ 165,000 $ 69,000
ATLANTIC CITY-HAMMONTON, NJ 1 $ 362,000 $ 362,000 $ 64,000
BAKERSFIELD, CA 1 $ 375,000 $ 375,000 $ 420,000
BIRMINGHAM-HOOVER, AL 1 $ 206,000 $ 206,000 $ 94,000
BREMERTON-SILVERDALE, WA 1 $ 125,000 $ 125,000 $ 29,000
BURLINGTON, NC 1 $ 51,000 $ 51,000 $ 201,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $ 113,000 $ 113,000 $ 28,000
DAPHNE-FAIRHOPE-FOLEY, AL 1 $ 153,000 $ 153,000 $ 59,000
DENVER-AURORA-LAKEWOOD, CO 1 $ 105,000 $ 105,000 $ 0
EL CENTRO, CA 1 $ 249,000 $ 249,000 $ 0
EL PASO, TX 1 $ 113,000 $ 113,000 $ 0
ELGIN, IL 1 $ 366,000 $ 366,000 $ 99,000
FORT WAYNE, IN 1 $ 70,000 $ 70,000 $ 55,000
GADSDEN, AL 1 $ 115,000 $ 115,000 $ 29,000
GARY, IN 1 $ 65,000 $ 65,000 $ 21,000
GRAND FORKS, ND-MN 1 $ 88,000 $ 88,000 $ 72,000
HOUMA-THIBODAUX, LA 1 $ 119,000 $ 119,000 $ 60,000
JOHNSON CITY, TN 1 $ 78,000 $ 78,000 $ 54,000
KANKAKEE, IL 1 $ 206,000 $ 206,000 $ 0
LEXINGTON-FAYETTE, KY 1 $ 201,000 $ 201,000 $ 0
LOS ANGELES-LONG BEACH-GLENDALE, CA 1 $ 931,000 $ 931,000 $ 0
LOUISVILLE/JEFFERSON COUNTY, KY-IN 1 $ 95,000 $ 95,000 $ 0
MEMPHIS, TN-MS-AR 1 $ 67,000 $ 67,000 $ 152,000
MERCED, CA 1 $ 228,000 $ 228,000 $ 64,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 1 $ 342,000 $ 342,000 $ 141,000
OAKLAND-HAYWARD-BERKELEY, CA 1 $ 208,000 $ 208,000 $ 0
OKLAHOMA CITY, OK 1 $ 155,000 $ 155,000 $ 57,000
PANAMA CITY, FL 1 $ 101,000 $ 101,000 $ 54,000
PENSACOLA-FERRY PASS-BRENT, FL 1 $ 141,000 $ 141,000 $ 56,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 1 $ 273,000 $ 273,000 $ 64,000
SANTA ROSA, CA 1 $ 289,000 $ 289,000 $ 0
SEBRING, FL 1 $ 69,000 $ 69,000 $ 0
SPRINGFIELD, OH 1 $ 110,000 $ 110,000 $ 0
STOCKTON-LODI, CA 1 $ 252,000 $ 252,000 $ 48,000
TYLER, TX 1 $ 185,000 $ 185,000 $ 0
VINELAND-BRIDGETON, NJ 1 $ 104,000 $ 104,000 $ 0
WACO, TX 1 $ 165,000 $ 165,000 $ 0
WILMINGTON, NC 1 $ 275,000 $ 275,000 $ 135,000
YAKIMA, WA 1 $ 164,000 $ 164,000 $ 132,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 1 $ 63,000 $ 63,000 $ 95,000
YUBA CITY, CA 1 $ 240,000 $ 240,000 $ 47,000

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 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 Purchase 3,951 $617,651,000 $156,000 $930,000 $72,000 $606,000
Refinancing 2,762 $466,962,000 $169,000 $931,000 $82,000 $795,000
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 5,662 $913,053,000 $161,000 $931,000 $76,000 $773,000
Not Provided 445 $74,405,000 $167,000 $427,000 $80,000 $795,000
Black or African American 327 $47,558,000 $145,000 $417,000 $62,000 $314,000
Hispanic 172 $29,724,000 $172,000 $575,000 $67,000 $360,000
Asian 77 $14,776,000 $191,000 $508,000 $103,000 $490,000
American Indian or Alaskan Native 17 $2,279,000 $134,000 $299,000 $60,000 $115,000
Native Hawaiin or Other Pacific Islander 13 $2,818,000 $216,000 $408,000 $67,000 $130,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,612 $634,854,000 $175,000 $930,000 $92,000 $795,000
FHA-insured (Federal Housing Administration) 2,521 $354,380,000 $140,000 $575,000 $58,000 $360,000
VA-guaranteed (Veterans Administration) 394 $73,827,000 $187,000 $931,000 $63,000 $290,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 186 $21,552,000 $115,000 $283,000 $46,000 $94,000

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 5,001 $822,678,000 $164,000 $931,000 $78,000 $795,000
Application Withdrawn By Applicant 1,245 $195,091,000 $156,000 $579,000 $72,000 $504,000
Application Denied By Financial Institution 467 $66,844,000 $143,000 $780,000 $59,000 $371,000
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
Debt-To-Income Ratio 133 $19,609,000 $147,000 $417,000 $45,000 $335,000
Credit History 122 $16,695,000 $136,000 $360,000 $62,000 $290,000
Collateral 105 $16,278,000 $155,000 $780,000 $73,000 $371,000
Other 31 $4,072,000 $131,000 $308,000 $68,000 $201,000
Employment History 17 $2,055,000 $120,000 $267,000 $30,000 $66,000
Insufficient Cash (Downpayment, Closing Cost) 11 $1,342,000 $122,000 $258,000 $56,000 $97,000
Credit Application Incomplete 11 $1,139,000 $103,000 $171,000 $66,000 $213,000
Unverifiable Information 5 $743,000 $148,000 $276,000 $62,000 $141,000
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.

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