West Shore Bank Mortgage Lending & HMDA Data, 2025
In 2025, West Shore Bank of Ludington, MI reported 281 mortgage applications totaling $96.2 million. The average application was for $342,259, and applicants reported an average income of $176,715. 80% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Traverse City, MI (59), Muskegon, MI (10) and Grand Rapids-Wyoming, MI (4) (applications in parentheses).
| Mortgage Company & Address | West Shore Bank 201 W Loomis Po Box 627 Ludington, MI 49431 |
| Federal Regulator | * available with data download |
| Years | 2025 |
| Total Number of Mortgage Applications | 281 |
| Total Mortgage Loan Application Amount | $96,175,000 |
| Average Mortgage Loan Application Amount | $342,259 |
| Highest Mortgage Loan Application Amount | $3,055,000 |
| Average Applicant Income | $176,715 |
| Highest Applicant Income | $1,650,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records West Shore Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 200 | $ 46,690,000 | $ 233,450 | $ 136,000 |
| Traverse City, MI | 59 | $ 37,835,000 | $ 641,271 | $ 291,000 |
| Muskegon, MI | 10 | $ 3,820,000 | $ 382,000 | $ 115,000 |
| Grand Rapids-Wyoming, MI | 4 | $ 4,840,000 | $ 1,210,000 | $ 98,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 1,965,000 | $ 655,000 | $ 768,000 |
| Kalamazoo-Portage, MI | 2 | $ 420,000 | $ 210,000 | $ 387,000 |
| Bay City, MI | 1 | $ 65,000 | $ 65,000 | $ 37,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 295,000 | $ 295,000 | $ 108,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 245,000 | $ 245,000 | $ 0 |
Mortgage Loan Application Detail Totals for West Shore Bank in 2025
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 | 142 | $46,980,000 | $330,000 | $3,035,000 | $171,000 | $989,000 |
| Refinancing | 79 | $32,585,000 | $412,000 | $3,055,000 | $189,000 | $983,000 |
| Cash-out Refinancing | 56 | $15,680,000 | $280,000 | $2,235,000 | $157,000 | $1,650,000 |
| Other Purpose | 4 | $930,000 | $232,000 | $365,000 | $413,000 | $673,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 250 | $77,160,000 | $308,000 | $3,055,000 | $177,000 | $1,650,000 |
| Not applicable | 25 | $15,935,000 | $637,000 | $3,035,000 | $0 | $0 |
| Hispanic | 5 | $2,825,000 | $565,000 | $2,235,000 | $131,000 | $425,000 |
| Black or African American | 1 | $255,000 | $255,000 | $255,000 | $311,000 | $311,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 281 | $96,175,000 | $342,000 | $3,055,000 | $176,000 | $1,650,000 |
| 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 | 224 | $80,280,000 | $358,000 | $3,055,000 | $183,000 | $1,650,000 |
| Application Withdrawn By Applicant | 28 | $10,150,000 | $362,000 | $3,005,000 | $176,000 | $822,000 |
| Application Denied By Financial Institution | 22 | $4,140,000 | $188,000 | $755,000 | $111,000 | $473,000 |
| Application Approved But Not Accepted | 4 | $680,000 | $170,000 | $205,000 | $105,000 | $173,000 |
| File Closed For Incompleteness | 3 | $925,000 | $308,000 | $685,000 | $271,000 | $486,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 281 | $96,175,000 | $342,000 | $3,055,000 | $176,000 | $1,650,000 |
| 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 West Shore Bank's 2025 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 West Shore Bank'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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