United Bay Community CU Mortgage Lending & HMDA Data, 2022
In 2022, United Bay Community CU of Bay City, MI reported 253 mortgage applications totaling $25.6 million, down 29% from 2021. The average application was for $101,086, and applicants reported an average income of $72,557. 64% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Bay City, MI (128), Kalamazoo-Portage, MI (14) and Saginaw, MI (9) (applications in parentheses).
| Mortgage Company & Address | United Bay Community CU 1309 N. Lincoln Ave. Bay City, MI 48708 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 | 253 |
| Total Mortgage Loan Application Amount | $25,575,000 |
| Average Mortgage Loan Application Amount | $101,086 |
| Highest Mortgage Loan Application Amount | $355,000 |
| Average Applicant Income | $72,557 |
| Highest Applicant Income | $1,094,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Bay Community CU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for United Bay Community CU in 2022
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 | 126 | $16,980,000 | $134,000 | $315,000 | $68,000 | $314,000 |
| Cash-out Refinancing | 51 | $4,115,000 | $80,000 | $355,000 | $65,000 | $359,000 |
| Home Improvement | 33 | $1,795,000 | $54,000 | $165,000 | $73,000 | $167,000 |
| Other Purpose | 25 | $1,415,000 | $56,000 | $175,000 | $69,000 | $152,000 |
| Refinancing | 18 | $1,270,000 | $70,000 | $195,000 | $130,000 | $1,094,000 |
| Not Applicable | 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 | 226 | $23,050,000 | $101,000 | $355,000 | $73,000 | $1,094,000 |
| Not Provided | 13 | $1,245,000 | $95,000 | $225,000 | $73,000 | $167,000 |
| Hispanic | 8 | $740,000 | $92,000 | $205,000 | $70,000 | $110,000 |
| Black or African American | 3 | $275,000 | $91,000 | $155,000 | $65,000 | $86,000 |
| American Indian or Alaskan Native | 2 | $230,000 | $115,000 | $225,000 | $54,000 | $90,000 |
| Asian | 1 | $35,000 | $35,000 | $35,000 | $52,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 244 | $24,670,000 | $101,000 | $355,000 | $74,000 | $1,094,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $905,000 | $100,000 | $175,000 | $43,000 | $64,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 163 | $15,785,000 | $96,000 | $355,000 | $79,000 | $1,094,000 |
| Application Denied By Financial Institution | 47 | $4,715,000 | $100,000 | $265,000 | $48,000 | $174,000 |
| Application Withdrawn By Applicant | 29 | $3,395,000 | $117,000 | $285,000 | $72,000 | $314,000 |
| File Closed For Incompleteness | 7 | $905,000 | $129,000 | $205,000 | $80,000 | $158,000 |
| Application Approved But Not Accepted | 4 | $490,000 | $122,000 | $195,000 | $95,000 | $148,000 |
| Preapproval Denied by Financial Institution | 2 | $210,000 | $105,000 | $135,000 | $54,000 | $80,000 |
| Preapproval Approved but not Accepted | 1 | $75,000 | $75,000 | $75,000 | $33,000 | $33,000 |
| Loan Purchased By The 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 | 253 | $25,575,000 | $101,000 | $355,000 | $72,000 | $1,094,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Bay Community CU's 2022 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 Bay Community CU'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.
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