United Bank & Trust Washtenaw Mortgage Lending & HMDA Data, 2009
In 2009, United Bank & Trust Washtenaw of Ann Arbor, MI reported 96 mortgage applications totaling $11.1 million, up 22% from 2008. The average application was for $115,833, and applicants reported an average income of $88,208. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Ann Arbor, MI (84), Warren-Troy-Farmington Hills, MI (5) and Jackson, MI (2) (applications in parentheses).
| Mortgage Company & Address | United Bank & Trust Washtenaw 2723 S. State St., Ste. 110 Ann Arbor, MI 48104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 96 |
| Total Mortgage Loan Application Amount | $11,120,000 |
| Average Mortgage Loan Application Amount | $115,833 |
| Highest Mortgage Loan Application Amount | $1,350,000 |
| Average Applicant Income | $88,208 |
| Highest Applicant Income | $1,030,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Bank & Trust Washtenaw filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washtenaw, Michigan | 84 | $ 8,829,000 | $ 105,107 | $ 91,000 |
| Oakland, Michigan | 3 | $ 161,000 | $ 53,666 | $ 175,000 |
| Jackson, Michigan | 2 | $ 890,000 | $ 445,000 | $ 56,000 |
| Livingston, Michigan | 2 | $ 37,000 | $ 18,500 | $ 59,000 |
| Orange, Florida | 1 | $ 684,000 | $ 684,000 | $ 0 |
| Kalamazoo, Michigan | 1 | $ 226,000 | $ 226,000 | $ 0 |
| Lenawee, Michigan | 1 | $ 21,000 | $ 21,000 | $ 43,000 |
| Monroe, Michigan | 1 | $ 22,000 | $ 22,000 | $ 52,000 |
| Wayne, Michigan | 1 | $ 250,000 | $ 250,000 | $ 0 |
Mortgage Loan Application Detail Totals for United Bank & Trust Washtenaw in 2009
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 | 52 | $4,837,000 | $93,000 | $1,350,000 | $85,000 | $425,000 |
| Refinancing | 38 | $5,379,000 | $141,000 | $684,000 | $98,000 | $1,030,000 |
| Home Improvement | 6 | $904,000 | $150,000 | $600,000 | $54,000 | $139,000 |
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 | 66 | $3,402,000 | $51,000 | $363,000 | $118,000 | $1,030,000 |
| Not applicable | 24 | $7,472,000 | $311,000 | $1,350,000 | $0 | $0 |
| Asian | 2 | $96,000 | $48,000 | $59,000 | $108,000 | $142,000 |
| Black or African American | 2 | $94,000 | $47,000 | $77,000 | $155,000 | $258,000 |
| Hispanic | 1 | $19,000 | $19,000 | $19,000 | $85,000 | $85,000 |
| American Indian or Alaskan Native | 1 | $37,000 | $37,000 | $37,000 | $88,000 | $88,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 96 | $11,120,000 | $115,000 | $1,350,000 | $88,000 | $1,030,000 |
| 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 | 93 | $10,698,000 | $115,000 | $1,350,000 | $84,000 | $1,030,000 |
| Application Denied By Financial Institution | 2 | $59,000 | $29,000 | $45,000 | $103,000 | $151,000 |
| Application Approved But Not Accepted | 1 | $363,000 | $363,000 | $363,000 | $425,000 | $425,000 |
| Application Withdrawn By Applicant | 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 | 1 | $14,000 | $14,000 | $14,000 | $55,000 | $55,000 |
| Collateral | 1 | $45,000 | $45,000 | $45,000 | $151,000 | $151,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 United Bank & Trust Washtenaw's 2009 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 United Bank & Trust Washtenaw'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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