Michigan
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 470,652
Total Mortgage Loan Application Amount $76,259,160,000
Average Mortgage Loan Application Amount $162,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $80,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Michigan 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
Refinancing 227,390 $39,151,080,000 $172,000 $99,999,000 $84,000 $9,999,000
Home Purchase 204,560 $34,573,155,000 $169,000 $60,000,000 $76,000 $9,999,000
Home Improvement 38,702 $2,534,925,000 $65,000 $45,200,000 $79,000 $9,999,000

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 337,196 $53,103,869,000 $157,000 $99,999,000 $87,000 $9,999,000
Not Provided 49,071 $7,425,487,000 $151,000 $29,664,000 $89,000 $9,999,000
Not applicable 37,914 $8,533,268,000 $225,000 $83,270,000 $11,000 $4,699,000
Black or African American 21,875 $2,749,127,000 $125,000 $2,500,000 $63,000 $3,500,000
Asian 11,433 $2,604,070,000 $227,000 $5,400,000 $112,000 $3,016,000
Hispanic 10,447 $1,473,154,000 $141,000 $99,999,000 $69,000 $1,900,000
American Indian or Alaskan Native 2,137 $276,146,000 $129,000 $1,400,000 $72,000 $5,194,000
Native Hawaiin or Other Pacific Islander 579 $94,039,000 $162,000 $823,000 $84,000 $705,000

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) 345,219 $58,417,948,000 $169,000 $99,999,000 $93,000 $9,999,000
FHA-insured (Federal Housing Administration) 85,385 $11,558,582,000 $135,000 $54,800,000 $44,000 $2,190,000
VA-guaranteed (Veterans Administration) 28,410 $4,933,769,000 $173,000 $1,506,000 $51,000 $1,220,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 11,638 $1,348,861,000 $115,000 $2,500,000 $35,000 $950,000

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 262,757 $44,626,247,000 $169,000 $54,800,000 $90,000 $9,999,000
Application Denied By Financial Institution 77,454 $10,651,663,000 $137,000 $99,999,000 $73,000 $9,999,000
Loan Purchased By The Institution 56,966 $9,142,350,000 $160,000 $16,235,000 $39,000 $9,999,000
Application Withdrawn By Applicant 43,196 $7,360,491,000 $170,000 $80,000,000 $86,000 $9,708,000
File Closed For Incompleteness 18,001 $2,670,188,000 $148,000 $60,000,000 $78,000 $4,422,000
Application Approved But Not Accepted 12,268 $1,806,611,000 $147,000 $11,500,000 $88,000 $5,318,000
Preapproval Denied by Financial Institution 10 $1,610,000 $161,000 $349,000 $66,000 $136,000
Preapproval Approved but not Accepted 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
Credit History 12,917 $1,098,461,000 $85,000 $14,200,000 $66,000 $2,700,000
Collateral 11,157 $1,830,515,000 $164,000 $54,000,000 $88,000 $3,998,000
Debt-To-Income Ratio 9,167 $1,229,172,000 $134,000 $2,966,000 $54,000 $1,253,000
Credit Application Incomplete 6,319 $1,001,131,000 $158,000 $2,885,000 $87,000 $6,030,000
Other 3,305 $574,857,000 $173,000 $83,270,000 $81,000 $9,999,000
Unverifiable Information 1,177 $158,763,000 $134,000 $1,400,000 $82,000 $1,379,000
Insufficient Cash (Downpayment, Closing Cost) 1,084 $196,416,000 $181,000 $45,200,000 $70,000 $1,825,000
Employment History 570 $69,111,000 $121,000 $754,000 $54,000 $595,000
Mortgage Insurance Denied 32 $4,798,000 $149,000 $800,000 $74,000 $204,000
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Mortgage Loan Application Totals in 2016 by Michigan Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ANN ARBOR, MI 18,585 $ 4,109,064,000 $ 221,000 $ 104,000
BATTLE CREEK, MI 5,304 $ 577,004,000 $ 108,000 $ 63,000
BAY CITY, MI 4,080 $ 461,243,000 $ 113,000 $ 58,000
DETROIT-DEARBORN-LIVONIA, MI 58,779 $ 8,826,412,000 $ 150,000 $ 76,000
FLINT, MI 17,561 $ 2,276,088,000 $ 129,000 $ 63,000
GRAND RAPIDS-WYOMING, MI 58,186 $ 9,352,549,000 $ 160,000 $ 74,000
JACKSON, MI 7,251 $ 915,038,000 $ 126,000 $ 64,000
KALAMAZOO-PORTAGE, MI 15,288 $ 2,346,518,000 $ 153,000 $ 81,000
LANSING-EAST LANSING, MI 21,201 $ 2,995,057,000 $ 141,000 $ 74,000
MIDLAND, MI 3,562 $ 486,241,000 $ 136,000 $ 80,000
MONROE, MI 8,254 $ 1,238,459,000 $ 150,000 $ 70,000
MUSKEGON, MI 7,956 $ 955,418,000 $ 120,000 $ 56,000
NILES-BENTON HARBOR, MI 6,947 $ 1,170,845,000 $ 168,000 $ 102,000
SAGINAW, MI 6,514 $ 734,310,000 $ 112,000 $ 63,000
WARREN-TROY-FARMINGTON HILLS, MI 155,933 $ 29,610,349,000 $ 189,000 $ 90,000
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Mortgage Loan Application Totals in 2016 by Michigan County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Alcona 404 $ 45,343,000 $ 112,000 $ 87,000
Alger 245 $ 33,913,000 $ 138,000 $ 84,000
Allegan 6,560 $ 1,047,927,000 $ 159,000 $ 83,000
Alpena 735 $ 80,746,000 $ 109,000 $ 57,000
Antrim 1,236 $ 232,628,000 $ 188,000 $ 118,000
Arenac 538 $ 48,165,000 $ 89,000 $ 68,000
Baraga 128 $ 14,256,000 $ 111,000 $ 71,000
Barry 3,647 $ 506,927,000 $ 138,000 $ 70,000
Bay 4,250 $ 472,848,000 $ 111,000 $ 57,000
Benzie 848 $ 140,589,000 $ 165,000 $ 86,000
Berrien 7,020 $ 1,178,282,000 $ 167,000 $ 102,000
Branch 1,440 $ 165,709,000 $ 115,000 $ 70,000
Calhoun 5,353 $ 581,252,000 $ 108,000 $ 63,000
Cass 2,460 $ 359,076,000 $ 145,000 $ 81,000
Charlevoix 1,249 $ 244,816,000 $ 196,000 $ 142,000
Cheboygan 970 $ 135,281,000 $ 139,000 $ 87,000
Chippewa 569 $ 67,034,000 $ 117,000 $ 65,000
Clare 1,234 $ 104,749,000 $ 84,000 $ 62,000
Clinton 4,219 $ 690,561,000 $ 163,000 $ 80,000
Crawford 638 $ 67,655,000 $ 106,000 $ 73,000
Delta 441 $ 51,077,000 $ 115,000 $ 63,000
Dickinson 459 $ 56,666,000 $ 123,000 $ 58,000
Eaton 5,639 $ 720,447,000 $ 127,000 $ 65,000
Emmet 1,573 $ 346,158,000 $ 220,000 $ 145,000
Genesee 17,709 $ 2,288,392,000 $ 129,000 $ 63,000
Gladwin 1,269 $ 129,116,000 $ 101,000 $ 77,000
Gogebic 404 $ 44,536,000 $ 110,000 $ 78,000
Grand Traverse 4,483 $ 849,556,000 $ 189,000 $ 88,000
Gratiot 1,269 $ 119,177,000 $ 93,000 $ 61,000
Hillsdale 1,788 $ 189,582,000 $ 106,000 $ 63,000
Houghton 549 $ 65,612,000 $ 119,000 $ 69,000
Huron 1,125 $ 115,572,000 $ 102,000 $ 86,000
Ingham 11,476 $ 1,594,158,000 $ 138,000 $ 75,000
Ionia 2,678 $ 302,319,000 $ 112,000 $ 59,000
Iosco 837 $ 81,709,000 $ 97,000 $ 74,000
Iron 539 $ 41,833,000 $ 77,000 $ 62,000
Isabella 1,904 $ 231,744,000 $ 121,000 $ 68,000
Jackson 7,332 $ 923,551,000 $ 125,000 $ 64,000
Kalamazoo 11,887 $ 1,863,694,000 $ 156,000 $ 80,000
Kalkaska 803 $ 92,775,000 $ 115,000 $ 73,000
Kent 36,314 $ 5,842,925,000 $ 160,000 $ 75,000
Keweenaw 53 $ 7,443,000 $ 140,000 $ 87,000
Lake 400 $ 37,619,000 $ 94,000 $ 75,000
Lapeer 4,909 $ 739,107,000 $ 150,000 $ 67,000
Leelanau 1,270 $ 336,643,000 $ 265,000 $ 144,000
Lenawee 4,680 $ 568,793,000 $ 121,000 $ 67,000
Livingston 14,512 $ 2,987,888,000 $ 205,000 $ 90,000
Luce 123 $ 11,382,000 $ 92,000 $ 79,000
Mackinac 302 $ 45,906,000 $ 152,000 $ 98,000
Macomb 48,768 $ 7,549,908,000 $ 154,000 $ 70,000
Manistee 750 $ 104,908,000 $ 139,000 $ 86,000
Marquette 1,771 $ 285,721,000 $ 161,000 $ 76,000
Mason 992 $ 129,252,000 $ 130,000 $ 76,000
Mecosta 1,688 $ 214,632,000 $ 127,000 $ 65,000
Menominee 645 $ 68,840,000 $ 106,000 $ 60,000
Midland 3,580 $ 487,674,000 $ 136,000 $ 80,000
Missaukee 598 $ 68,874,000 $ 115,000 $ 71,000
Monroe 8,304 $ 1,241,218,000 $ 149,000 $ 69,000
Montcalm 2,978 $ 296,051,000 $ 99,000 $ 55,000
Montmorency 432 $ 39,880,000 $ 92,000 $ 71,000
Muskegon 8,025 $ 960,515,000 $ 119,000 $ 56,000
Newaygo 2,233 $ 242,192,000 $ 108,000 $ 61,000
Oakland 79,908 $ 17,228,908,000 $ 215,000 $ 105,000
Oceana 1,041 $ 136,257,000 $ 130,000 $ 80,000
Ogemaw 768 $ 74,439,000 $ 96,000 $ 70,000
Ontonagon 110 $ 11,589,000 $ 105,000 $ 82,000
Osceola 811 $ 76,597,000 $ 94,000 $ 69,000
Oscoda 313 $ 28,408,000 $ 90,000 $ 67,000
Otsego 1,306 $ 151,464,000 $ 115,000 $ 73,000
Ottawa 15,889 $ 2,757,332,000 $ 173,000 $ 75,000
Presque Isle 479 $ 47,427,000 $ 99,000 $ 69,000
Roscommon 1,470 $ 159,543,000 $ 108,000 $ 83,000
Saginaw 6,756 $ 759,058,000 $ 112,000 $ 63,000
Sanilac 1,300 $ 141,812,000 $ 109,000 $ 71,000
Schoolcraft 240 $ 26,635,000 $ 110,000 $ 90,000
Shiawassee 3,259 $ 341,171,000 $ 104,000 $ 56,000
St. Clair 8,213 $ 1,144,119,000 $ 139,000 $ 67,000
St. Joseph 2,526 $ 285,685,000 $ 113,000 $ 65,000
Tuscola 1,805 $ 185,458,000 $ 102,000 $ 57,000
Van Buren 3,607 $ 504,752,000 $ 139,000 $ 83,000
Washtenaw 18,639 $ 4,116,374,000 $ 220,000 $ 104,000
Wayne 58,935 $ 8,843,795,000 $ 150,000 $ 76,000
Wexford 1,428 $ 152,270,000 $ 106,000 $ 55,000
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