United Mortgage Company-Washte Mortgage Lending & HMDA Data, 2009
In 2009, United Mortgage Company-Washte of Ann Arbor, MI reported 1,048 mortgage applications totaling $222.6 million, up 147% from 2008. The average application was for $212,381, and applicants reported an average income of $125,893. 88% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Ann Arbor, MI (763), Warren-Troy-Farmington Hills, MI (89) and Detroit-Livonia-Dearborn, MI (38) (applications in parentheses).
| Mortgage Company & Address | United Mortgage Company-Washte 2723 S State St Ann Arbor, MI 48106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 1,048 |
| Total Mortgage Loan Application Amount | $222,576,000 |
| Average Mortgage Loan Application Amount | $212,381 |
| Highest Mortgage Loan Application Amount | $599,000 |
| Average Applicant Income | $125,893 |
| Highest Applicant Income | $1,350,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Mortgage Company-Washte filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 763 | $ 167,963,000 | $ 220,134 | $ 123,000 |
| Livingston, Michigan | 61 | $ 12,054,000 | $ 197,606 | $ 125,000 |
| Lenawee, Michigan | 44 | $ 6,247,000 | $ 141,977 | $ 98,000 |
| Wayne, Michigan | 38 | $ 7,722,000 | $ 203,210 | $ 115,000 |
| Jackson, Michigan | 24 | $ 3,872,000 | $ 161,333 | $ 90,000 |
| Oakland, Michigan | 24 | $ 6,283,000 | $ 261,791 | $ 177,000 |
| Monroe, Michigan | 22 | $ 3,020,000 | $ 137,272 | $ 74,000 |
| Ingham, Michigan | 5 | $ 913,000 | $ 182,600 | $ 132,000 |
| Roscommon, Michigan | 5 | $ 689,000 | $ 137,800 | $ 165,000 |
| Antrim, Michigan | 4 | $ 1,208,000 | $ 302,000 | $ 229,000 |
| Charlevoix, Michigan | 3 | $ 842,000 | $ 280,666 | $ 455,000 |
| Kalkaska, Michigan | 3 | $ 462,000 | $ 154,000 | $ 287,000 |
| Macomb, Michigan | 3 | $ 367,000 | $ 122,333 | $ 84,000 |
| Eagle, Colorado | 2 | $ 726,000 | $ 363,000 | $ 575,000 |
| Calhoun, Michigan | 2 | $ 337,000 | $ 168,500 | $ 153,000 |
| Eaton, Michigan | 2 | $ 222,000 | $ 111,000 | $ 59,000 |
| Leelanau, Michigan | 2 | $ 661,000 | $ 330,500 | $ 246,000 |
| Montmorency, Michigan | 2 | $ 299,000 | $ 149,500 | $ 67,000 |
| Otsego, Michigan | 2 | $ 160,000 | $ 80,000 | $ 76,000 |
| Pima, Arizona | 1 | $ 146,000 | $ 146,000 | $ 112,000 |
| Santa Cruz, Arizona | 1 | $ 307,000 | $ 307,000 | $ 230,000 |
| Denver, Colorado | 1 | $ 155,000 | $ 155,000 | $ 36,000 |
| Summit, Colorado | 1 | $ 417,000 | $ 417,000 | $ 602,000 |
| Charlotte, Florida | 1 | $ 140,000 | $ 140,000 | $ 116,000 |
| Collier, Florida | 1 | $ 297,000 | $ 297,000 | $ 250,000 |
| Marion, Florida | 1 | $ 181,000 | $ 181,000 | $ 66,000 |
| Osceola, Florida | 1 | $ 178,000 | $ 178,000 | $ 253,000 |
| Sarasota, Florida | 1 | $ 362,000 | $ 362,000 | $ 285,000 |
| Teton, Idaho | 1 | $ 417,000 | $ 417,000 | $ 155,000 |
| Will, Illinois | 1 | $ 403,000 | $ 403,000 | $ 79,000 |
| Howard, Maryland | 1 | $ 245,000 | $ 245,000 | $ 185,000 |
| Alcona, Michigan | 1 | $ 131,000 | $ 131,000 | $ 86,000 |
| Alger, Michigan | 1 | $ 104,000 | $ 104,000 | $ 171,000 |
| Allegan, Michigan | 1 | $ 317,000 | $ 317,000 | $ 263,000 |
| Berrien, Michigan | 1 | $ 215,000 | $ 215,000 | $ 68,000 |
| Branch, Michigan | 1 | $ 92,000 | $ 92,000 | $ 129,000 |
| Cass, Michigan | 1 | $ 87,000 | $ 87,000 | $ 40,000 |
| Cheboygan, Michigan | 1 | $ 277,000 | $ 277,000 | $ 396,000 |
| Emmet, Michigan | 1 | $ 417,000 | $ 417,000 | $ 502,000 |
| Genesee, Michigan | 1 | $ 119,000 | $ 119,000 | $ 135,000 |
| Grand Traverse, Michigan | 1 | $ 192,000 | $ 192,000 | $ 102,000 |
| Hillsdale, Michigan | 1 | $ 169,000 | $ 169,000 | $ 53,000 |
| Iosco, Michigan | 1 | $ 200,000 | $ 200,000 | $ 83,000 |
| Kalamazoo, Michigan | 1 | $ 98,000 | $ 98,000 | $ 53,000 |
| Kent, Michigan | 1 | $ 128,000 | $ 128,000 | $ 103,000 |
| Manistee, Michigan | 1 | $ 261,000 | $ 261,000 | $ 183,000 |
| Ottawa, Michigan | 1 | $ 245,000 | $ 245,000 | $ 93,000 |
| St. Clair, Michigan | 1 | $ 75,000 | $ 75,000 | $ 65,000 |
| Cass, Minnesota | 1 | $ 417,000 | $ 417,000 | $ 175,000 |
| Hennepin, Minnesota | 1 | $ 290,000 | $ 290,000 | $ 339,000 |
| Chautauqua, New York | 1 | $ 225,000 | $ 225,000 | $ 459,000 |
| Franklin, Ohio | 1 | $ 132,000 | $ 132,000 | $ 51,000 |
| Lucas, Ohio | 1 | $ 404,000 | $ 404,000 | $ 170,000 |
| Lancaster, Pennsylvania | 1 | $ 246,000 | $ 246,000 | $ 107,000 |
| Fort Bend, Texas | 1 | $ 172,000 | $ 172,000 | $ 135,000 |
| Orange, Virginia | 1 | $ 268,000 | $ 268,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for United Mortgage Company-Washte 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 |
|---|---|---|---|---|---|---|
| Refinancing | 685 | $152,520,000 | $222,000 | $475,000 | $133,000 | $1,032,000 |
| Home Purchase | 358 | $67,990,000 | $189,000 | $590,000 | $112,000 | $1,350,000 |
| Home Improvement | 5 | $2,066,000 | $413,000 | $599,000 | $147,000 | $225,000 |
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 | 999 | $212,751,000 | $212,000 | $599,000 | $127,000 | $1,350,000 |
| Asian | 24 | $4,962,000 | $206,000 | $417,000 | $117,000 | $213,000 |
| Hispanic | 11 | $1,668,000 | $151,000 | $210,000 | $70,000 | $103,000 |
| Black or African American | 8 | $1,334,000 | $166,000 | $304,000 | $109,000 | $385,000 |
| Not Provided | 5 | $1,678,000 | $335,000 | $417,000 | $177,000 | $258,000 |
| American Indian or Alaskan Native | 1 | $183,000 | $183,000 | $183,000 | $88,000 | $88,000 |
| 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) | 1,024 | $219,265,000 | $214,000 | $599,000 | $127,000 | $1,350,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $2,852,000 | $129,000 | $214,000 | $57,000 | $147,000 |
| FHA-insured (Federal Housing Administration) | 2 | $459,000 | $229,000 | $249,000 | $113,000 | $145,000 |
| 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 | 921 | $197,034,000 | $213,000 | $599,000 | $129,000 | $1,350,000 |
| Application Denied By Financial Institution | 62 | $12,661,000 | $204,000 | $417,000 | $111,000 | $786,000 |
| Application Approved But Not Accepted | 35 | $7,152,000 | $204,000 | $417,000 | $98,000 | $332,000 |
| Application Withdrawn By Applicant | 28 | $5,169,000 | $184,000 | $475,000 | $100,000 | $324,000 |
| File Closed For Incompleteness | 2 | $560,000 | $280,000 | $280,000 | $94,000 | $100,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 54 | $11,301,000 | $209,000 | $417,000 | $118,000 | $786,000 |
| Debt-To-Income Ratio | 4 | $806,000 | $201,000 | $255,000 | $46,000 | $78,000 |
| Mortgage Insurance Denied | 2 | $285,000 | $142,000 | $171,000 | $50,000 | $55,000 |
| Credit History | 1 | $49,000 | $49,000 | $49,000 | $104,000 | $104,000 |
| Unverifiable Information | 1 | $220,000 | $220,000 | $220,000 | $108,000 | $108,000 |
| Other | 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Mortgage Company-Washte'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 Mortgage Company-Washte'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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