Michigan
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Michigan.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Michigan.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 437,181
Total Mortgage Loan Application Amount $68,995,400,000
Average Mortgage Loan Application Amount $157,000
Highest Mortgage Loan Application Amount $95,172,000
Average Applicant Income $78,000
Highest Applicant Income $27,000,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Michigan, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Michigan in 2017

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 223,274 $38,781,568,000 $173,000 $95,172,000 $77,000 $7,053,000
Refinancing 170,600 $27,296,296,000 $160,000 $42,000,000 $79,000 $9,999,000
Home Improvement 43,307 $2,917,536,000 $67,000 $30,000,000 $81,000 $27,000,000

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 306,535 $46,798,148,000 $152,000 $6,843,000 $86,000 $27,000,000
Not Provided 49,714 $7,119,094,000 $143,000 $4,200,000 $84,000 $5,431,000
Not applicable 35,318 $8,348,452,000 $236,000 $95,172,000 $8,000 $1,174,000
Black or African American 22,248 $2,739,157,000 $123,000 $2,320,000 $66,000 $3,453,000
Hispanic 10,511 $1,371,476,000 $130,000 $1,710,000 $71,000 $2,999,000
Asian 10,095 $2,279,433,000 $225,000 $3,472,000 $110,000 $1,490,000
American Indian or Alaskan Native 2,185 $252,130,000 $115,000 $1,400,000 $64,000 $736,000
Native Hawaiin or Other Pacific Islander 575 $87,510,000 $152,000 $875,000 $78,000 $1,045,000

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) 321,145 $52,479,002,000 $163,000 $95,172,000 $90,000 $27,000,000
FHA-insured (Federal Housing Administration) 76,884 $10,397,039,000 $135,000 $36,820,000 $46,000 $2,174,000
VA-guaranteed (Veterans Administration) 26,764 $4,678,457,000 $174,000 $1,033,000 $57,000 $1,406,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 12,388 $1,440,902,000 $116,000 $1,399,000 $35,000 $258,000

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 241,945 $40,505,939,000 $167,000 $95,172,000 $90,000 $27,000,000
Application Denied By Financial Institution 65,175 $7,739,495,000 $118,000 $29,738,000 $67,000 $6,946,000
Loan Purchased By The Institution 50,977 $8,401,439,000 $164,000 $11,754,000 $35,000 $1,525,000
Application Withdrawn By Applicant 46,782 $7,775,085,000 $166,000 $78,500,000 $83,000 $9,999,000
File Closed For Incompleteness 20,168 $2,909,752,000 $144,000 $28,200,000 $73,000 $6,240,000
Application Approved But Not Accepted 12,102 $1,658,844,000 $137,000 $7,165,000 $84,000 $1,991,000
Preapproval Denied by Financial Institution 26 $3,883,000 $149,000 $360,000 $71,000 $756,000
Preapproval Approved but not Accepted 6 $963,000 $160,000 $320,000 $55,000 $165,000

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 11,161 $909,600,000 $81,000 $2,000,000 $65,000 $5,569,000
Collateral 9,898 $1,535,279,000 $155,000 $6,843,000 $87,000 $6,946,000
Debt-To-Income Ratio 8,235 $1,112,147,000 $135,000 $3,822,000 $55,000 $2,196,000
Credit Application Incomplete 6,074 $953,459,000 $156,000 $2,550,000 $86,000 $6,946,000
Other 2,928 $421,037,000 $143,000 $29,738,000 $77,000 $2,775,000
Unverifiable Information 953 $119,093,000 $124,000 $880,000 $80,000 $1,263,000
Insufficient Cash (Downpayment, Closing Cost) 919 $141,293,000 $153,000 $3,000,000 $73,000 $1,664,000
Employment History 579 $68,070,000 $117,000 $936,000 $55,000 $917,000
Mortgage Insurance Denied 25 $2,803,000 $112,000 $405,000 $79,000 $580,000
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Mortgage Loan Application Totals in 2017 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 16,120 $ 3,628,789,000 $ 225,000 $ 102,000
BATTLE CREEK, MI 5,385 $ 554,071,000 $ 102,000 $ 62,000
BAY CITY, MI 3,733 $ 360,367,000 $ 96,000 $ 63,000
DETROIT-DEARBORN-LIVONIA, MI 56,585 $ 8,381,653,000 $ 148,000 $ 75,000
FLINT, MI 16,563 $ 2,118,807,000 $ 127,000 $ 64,000
GRAND RAPIDS-WYOMING, MI 51,246 $ 8,297,018,000 $ 161,000 $ 74,000
JACKSON, MI 7,080 $ 869,941,000 $ 122,000 $ 67,000
KALAMAZOO-PORTAGE, MI 14,550 $ 2,117,252,000 $ 145,000 $ 80,000
LANSING-EAST LANSING, MI 19,848 $ 2,614,808,000 $ 131,000 $ 74,000
MIDLAND, MI 3,535 $ 451,865,000 $ 127,000 $ 72,000
MONROE, MI 7,534 $ 1,046,364,000 $ 138,000 $ 68,000
MUSKEGON, MI 7,844 $ 946,154,000 $ 120,000 $ 57,000
NILES-BENTON HARBOR, MI 6,548 $ 1,079,128,000 $ 164,000 $ 97,000
SAGINAW, MI 5,845 $ 645,749,000 $ 110,000 $ 63,000
WARREN-TROY-FARMINGTON HILLS, MI 138,255 $ 25,974,419,000 $ 187,000 $ 88,000
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Mortgage Loan Application Totals in 2017 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 407 $ 47,419,000 $ 116,000 $ 86,000
Alger 218 $ 25,167,000 $ 115,000 $ 70,000
Allegan 5,959 $ 916,864,000 $ 153,000 $ 79,000
Alpena 478 $ 46,308,000 $ 96,000 $ 64,000
Antrim 1,112 $ 200,838,000 $ 180,000 $ 116,000
Arenac 558 $ 54,121,000 $ 96,000 $ 70,000
Baraga 123 $ 13,581,000 $ 110,000 $ 63,000
Barry 3,304 $ 470,554,000 $ 142,000 $ 70,000
Bay 3,796 $ 365,407,000 $ 96,000 $ 63,000
Benzie 767 $ 125,095,000 $ 163,000 $ 90,000
Berrien 6,570 $ 1,081,221,000 $ 164,000 $ 97,000
Branch 1,467 $ 162,004,000 $ 110,000 $ 67,000
Calhoun 5,417 $ 556,082,000 $ 102,000 $ 62,000
Cass 2,291 $ 356,774,000 $ 155,000 $ 90,000
Charlevoix 1,238 $ 258,706,000 $ 208,000 $ 143,000
Cheboygan 838 $ 128,949,000 $ 153,000 $ 99,000
Chippewa 532 $ 58,321,000 $ 109,000 $ 62,000
Clare 1,302 $ 111,587,000 $ 85,000 $ 58,000
Clinton 3,615 $ 533,793,000 $ 147,000 $ 80,000
Crawford 553 $ 52,966,000 $ 95,000 $ 66,000
Delta 432 $ 51,494,000 $ 119,000 $ 64,000
Dickinson 462 $ 49,409,000 $ 106,000 $ 62,000
Eaton 5,346 $ 635,100,000 $ 118,000 $ 65,000
Emmet 1,426 $ 317,198,000 $ 222,000 $ 135,000
Genesee 16,578 $ 2,119,438,000 $ 127,000 $ 64,000
Gladwin 1,287 $ 128,090,000 $ 99,000 $ 64,000
Gogebic 347 $ 35,821,000 $ 103,000 $ 81,000
Grand Traverse 3,669 $ 777,252,000 $ 211,000 $ 90,000
Gratiot 1,173 $ 115,073,000 $ 98,000 $ 57,000
Hillsdale 1,722 $ 187,031,000 $ 108,000 $ 66,000
Houghton 496 $ 64,835,000 $ 130,000 $ 70,000
Huron 944 $ 101,682,000 $ 107,000 $ 84,000
Ingham 10,971 $ 1,448,870,000 $ 132,000 $ 75,000
Ionia 2,700 $ 303,947,000 $ 112,000 $ 56,000
Iosco 927 $ 89,096,000 $ 96,000 $ 67,000
Iron 411 $ 31,241,000 $ 76,000 $ 55,000
Isabella 1,889 $ 245,650,000 $ 130,000 $ 65,000
Jackson 7,107 $ 871,511,000 $ 122,000 $ 67,000
Kalamazoo 11,166 $ 1,649,282,000 $ 147,000 $ 79,000
Kalkaska 710 $ 83,355,000 $ 117,000 $ 73,000
Kent 31,076 $ 5,124,532,000 $ 164,000 $ 75,000
Keweenaw 70 $ 9,623,000 $ 137,000 $ 82,000
Lake 459 $ 41,501,000 $ 90,000 $ 72,000
Lapeer 4,768 $ 714,071,000 $ 149,000 $ 70,000
Leelanau 1,124 $ 310,324,000 $ 276,000 $ 171,000
Lenawee 4,307 $ 555,864,000 $ 129,000 $ 64,000
Livingston 12,396 $ 2,462,203,000 $ 198,000 $ 89,000
Luce 117 $ 10,232,000 $ 87,000 $ 61,000
Mackinac 304 $ 39,894,000 $ 131,000 $ 88,000
Macomb 44,696 $ 6,753,734,000 $ 151,000 $ 68,000
Manistee 771 $ 93,417,000 $ 121,000 $ 74,000
Marquette 1,562 $ 210,325,000 $ 134,000 $ 75,000
Mason 996 $ 124,684,000 $ 125,000 $ 72,000
Mecosta 1,734 $ 192,820,000 $ 111,000 $ 72,000
Menominee 546 $ 61,931,000 $ 113,000 $ 61,000
Midland 3,540 $ 452,433,000 $ 127,000 $ 72,000
Missaukee 611 $ 65,517,000 $ 107,000 $ 69,000
Monroe 7,569 $ 1,048,461,000 $ 138,000 $ 68,000
Montcalm 3,160 $ 327,747,000 $ 103,000 $ 58,000
Montmorency 395 $ 32,922,000 $ 83,000 $ 65,000
Muskegon 7,878 $ 947,377,000 $ 120,000 $ 57,000
Newaygo 2,187 $ 243,241,000 $ 111,000 $ 65,000
Oakland 68,738 $ 15,018,207,000 $ 218,000 $ 103,000
Oceana 1,069 $ 129,701,000 $ 121,000 $ 74,000
Ogemaw 807 $ 76,413,000 $ 94,000 $ 66,000
Ontonagon 112 $ 10,623,000 $ 94,000 $ 69,000
Osceola 772 $ 70,796,000 $ 91,000 $ 59,000
Oscoda 307 $ 26,308,000 $ 85,000 $ 69,000
Otsego 1,113 $ 127,743,000 $ 114,000 $ 68,000
Ottawa 14,057 $ 2,396,662,000 $ 170,000 $ 76,000
Presque Isle 322 $ 34,964,000 $ 108,000 $ 86,000
Roscommon 1,489 $ 152,952,000 $ 102,000 $ 76,000
Saginaw 5,862 $ 646,983,000 $ 110,000 $ 63,000
Sanilac 1,333 $ 150,118,000 $ 112,000 $ 66,000
Schoolcraft 188 $ 21,811,000 $ 116,000 $ 92,000
Shiawassee 3,112 $ 327,445,000 $ 105,000 $ 58,000
St. Clair 7,994 $ 1,060,012,000 $ 132,000 $ 67,000
St. Joseph 2,446 $ 257,766,000 $ 105,000 $ 62,000
Tuscola 1,751 $ 164,247,000 $ 93,000 $ 61,000
Van Buren 3,419 $ 470,699,000 $ 137,000 $ 81,000
Washtenaw 16,156 $ 3,631,230,000 $ 224,000 $ 102,000
Wayne 56,734 $ 8,481,292,000 $ 149,000 $ 75,000
Wexford 1,321 $ 141,398,000 $ 107,000 $ 60,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in MI.

If you prefer, you can download a copy of the entire list of mortgage lenders in Michigan, and search similar information back through 2003.

Download the Michigan Lender List