Michigan
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for Michigan.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of Michigan.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 512,893
Total Mortgage Loan Application Amount $88,114,125,000
Average Mortgage Loan Application Amount $171,000
Highest Mortgage Loan Application Amount $66,305,000
Average Applicant Income $95,000
Highest Applicant Income $9,584,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Michigan, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2019

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 211,185 $40,022,975,000 $189,000 $66,305,000 $91,000 $8,891,000
Refinancing 123,234 $24,919,200,000 $202,000 $57,125,000 $105,000 $9,584,000
Cash-out Refinancing 92,927 $16,357,385,000 $176,000 $27,005,000 $91,000 $4,995,000
Home Improvement 42,467 $3,031,795,000 $71,000 $60,435,000 $98,000 $6,136,000
Other Purpose 38,748 $3,224,160,000 $83,000 $57,335,000 $97,000 $7,427,000
Not Applicable 4,332 $558,610,000 $128,000 $17,255,000 $107,000 $1,659,000

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 360,867 $58,994,775,000 $163,000 $10,405,000 $96,000 $9,584,000
Not Provided 65,025 $11,332,135,000 $174,000 $4,005,000 $102,000 $8,500,000
Not applicable 31,973 $9,100,165,000 $284,000 $66,305,000 $85,000 $2,323,000
Black or African American 26,967 $3,510,325,000 $130,000 $3,285,000 $73,000 $4,756,000
Hispanic 11,625 $1,644,865,000 $141,000 $4,305,000 $80,000 $4,883,000
Asian 11,605 $2,714,565,000 $233,000 $3,505,000 $115,000 $2,179,000
American Indian or Alaskan Native 2,376 $309,070,000 $130,000 $1,125,000 $73,000 $1,397,000
Native Hawaiian or Other Pacific Islander 320 $77,170,000 $241,000 $17,255,000 $102,000 $2,024,000

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) 406,612 $70,609,950,000 $173,000 $66,305,000 $102,000 $9,584,000
FHA-insured (Federal Housing Administration) 68,929 $10,512,275,000 $152,000 $60,435,000 $59,000 $2,798,000
VA-guaranteed (Veterans Administration) 29,592 $5,972,620,000 $201,000 $1,055,000 $70,000 $2,000,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 7,760 $1,019,280,000 $131,000 $775,000 $49,000 $262,000

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 300,476 $54,529,260,000 $181,000 $66,305,000 $100,000 $8,500,000
Application Denied By Financial Institution 73,692 $8,933,070,000 $121,000 $60,435,000 $75,000 $6,136,000
Application Withdrawn By Applicant 57,032 $10,312,040,000 $180,000 $48,605,000 $96,000 $9,584,000
Loan Purchased By The Institution 47,043 $8,949,175,000 $190,000 $24,305,000 $95,000 $2,323,000
File Closed For Incompleteness 19,929 $3,256,465,000 $163,000 $5,005,000 $96,000 $8,259,000
Application Approved But Not Accepted 14,257 $2,052,375,000 $143,000 $16,675,000 $93,000 $8,891,000
Preapproval Approved but not Accepted 355 $59,805,000 $168,000 $705,000 $94,000 $816,000
Preapproval Denied by Financial Institution 109 $21,935,000 $201,000 $4,305,000 $76,000 $1,496,000

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
Not applicable 422,779 $76,227,395,000 $180,000 $65,005,000 $99,000 $9,584,000
Debt-To-Income Ratio 37,778 $5,616,140,000 $148,000 $66,305,000 $70,000 $8,891,000
Credit History 21,958 $1,843,470,000 $83,000 $1,865,000 $75,000 $6,136,000
Collateral 14,576 $2,030,290,000 $139,000 $12,005,000 $98,000 $6,001,000
Credit Application Incomplete 6,165 $926,815,000 $150,000 $3,955,000 $90,000 $2,252,000
Other 5,269 $835,095,000 $158,000 $60,435,000 $83,000 $2,800,000
Unverifiable Information 2,240 $303,520,000 $135,000 $16,515,000 $94,000 $3,000,000
Insufficient Cash (Downpayment, Closing Cost) 1,137 $202,755,000 $178,000 $8,005,000 $86,000 $1,307,000
Employment History 960 $124,820,000 $130,000 $1,205,000 $56,000 $1,660,000
Mortgage Insurance Denied 31 $3,825,000 $123,000 $385,000 $66,000 $175,000
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Mortgage Loan Application Totals in 2019 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 19,102 $ 4,679,720,000 $ 244,000 $ 123,000
BATTLE CREEK, MI 5,679 $ 732,995,000 $ 129,000 $ 72,000
BAY CITY, MI 3,881 $ 405,975,000 $ 104,000 $ 70,000
DETROIT-DEARBORN-LIVONIA, MI 70,266 $ 11,079,060,000 $ 157,000 $ 89,000
FLINT, MI 18,838 $ 2,636,775,000 $ 139,000 $ 79,000
GRAND RAPIDS-WYOMING, MI 65,277 $ 11,190,805,000 $ 171,000 $ 93,000
JACKSON, MI 8,215 $ 1,099,345,000 $ 133,000 $ 77,000
KALAMAZOO-PORTAGE, MI 12,959 $ 2,123,695,000 $ 163,000 $ 95,000
LANSING-EAST LANSING, MI 25,071 $ 3,603,615,000 $ 143,000 $ 86,000
MIDLAND, MI 3,633 $ 521,555,000 $ 143,000 $ 92,000
MONROE, MI 8,735 $ 1,273,435,000 $ 145,000 $ 81,000
MUSKEGON, MI 8,875 $ 1,163,425,000 $ 131,000 $ 72,000
NILES-BENTON HARBOR, MI 8,327 $ 1,424,635,000 $ 171,000 $ 116,000
SAGINAW, MI 6,050 $ 757,250,000 $ 125,000 $ 77,000
WARREN-TROY-FARMINGTON HILLS, MI 167,371 $ 33,413,270,000 $ 199,000 $ 105,000
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Mortgage Loan Application Totals in 2019 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 476 $ 58,900,000 $ 123,000 $ 105,000
Alger 197 $ 25,585,000 $ 129,000 $ 90,000
Allegan 7,515 $ 1,236,795,000 $ 164,000 $ 95,000
Alpena 543 $ 61,375,000 $ 113,000 $ 71,000
Antrim 1,367 $ 275,835,000 $ 201,000 $ 130,000
Arenac 527 $ 55,915,000 $ 106,000 $ 71,000
Baraga 153 $ 19,075,000 $ 124,000 $ 82,000
Barry 4,058 $ 624,590,000 $ 153,000 $ 86,000
Bay 3,909 $ 407,905,000 $ 104,000 $ 70,000
Benzie 943 $ 174,775,000 $ 185,000 $ 118,000
Berrien 8,331 $ 1,424,795,000 $ 171,000 $ 116,000
Branch 1,730 $ 211,090,000 $ 122,000 $ 73,000
Calhoun 5,686 $ 733,260,000 $ 128,000 $ 72,000
Cass 2,736 $ 421,860,000 $ 154,000 $ 104,000
Charlevoix 1,452 $ 334,760,000 $ 230,000 $ 175,000
Cheboygan 944 $ 155,680,000 $ 164,000 $ 112,000
Chippewa 694 $ 82,920,000 $ 119,000 $ 77,000
Clare 1,399 $ 135,485,000 $ 96,000 $ 68,000
Clinton 4,137 $ 676,895,000 $ 163,000 $ 96,000
Crawford 642 $ 70,680,000 $ 110,000 $ 77,000
Delta 507 $ 62,415,000 $ 123,000 $ 77,000
Dickinson 489 $ 57,225,000 $ 117,000 $ 73,000
Eaton 5,521 $ 821,745,000 $ 148,000 $ 78,000
Emmet 1,701 $ 420,445,000 $ 247,000 $ 160,000
Genesee 18,847 $ 2,637,660,000 $ 139,000 $ 79,000
Gladwin 1,407 $ 153,005,000 $ 108,000 $ 81,000
Gogebic 353 $ 36,595,000 $ 103,000 $ 82,000
Grand Traverse 5,351 $ 1,099,525,000 $ 205,000 $ 109,000
Gratiot 1,268 $ 131,780,000 $ 103,000 $ 62,000
Hillsdale 1,866 $ 225,920,000 $ 121,000 $ 73,000
Houghton 566 $ 76,870,000 $ 135,000 $ 86,000
Huron 1,086 $ 129,620,000 $ 119,000 $ 89,000
Ingham 11,989 $ 1,706,545,000 $ 142,000 $ 91,000
Ionia 3,067 $ 393,755,000 $ 128,000 $ 74,000
Iosco 994 $ 108,130,000 $ 108,000 $ 83,000
Iron 410 $ 39,370,000 $ 96,000 $ 65,000
Isabella 1,900 $ 315,110,000 $ 165,000 $ 79,000
Jackson 8,220 $ 1,099,530,000 $ 133,000 $ 77,000
Kalamazoo 12,986 $ 2,125,650,000 $ 163,000 $ 95,000
Kalkaska 784 $ 102,710,000 $ 131,000 $ 85,000
Kent 40,230 $ 7,008,360,000 $ 174,000 $ 95,000
Keweenaw 53 $ 6,695,000 $ 126,000 $ 95,000
Lake 557 $ 59,405,000 $ 106,000 $ 87,000
Lapeer 5,289 $ 875,935,000 $ 165,000 $ 86,000
Leelanau 1,646 $ 436,660,000 $ 265,000 $ 154,000
Lenawee 5,180 $ 697,620,000 $ 134,000 $ 78,000
Livingston 15,163 $ 3,149,865,000 $ 207,000 $ 107,000
Luce 150 $ 15,090,000 $ 100,000 $ 74,000
Mackinac 338 $ 47,640,000 $ 140,000 $ 95,000
Macomb 53,813 $ 8,636,955,000 $ 160,000 $ 82,000
Manistee 938 $ 134,840,000 $ 143,000 $ 91,000
Marquette 1,751 $ 274,375,000 $ 156,000 $ 88,000
Mason 1,017 $ 146,455,000 $ 144,000 $ 90,000
Mecosta 1,833 $ 232,815,000 $ 127,000 $ 78,000
Menominee 569 $ 72,635,000 $ 127,000 $ 74,000
Midland 3,641 $ 522,215,000 $ 143,000 $ 92,000
Missaukee 706 $ 86,520,000 $ 122,000 $ 80,000
Monroe 8,758 $ 1,274,440,000 $ 145,000 $ 81,000
Montcalm 3,413 $ 401,585,000 $ 117,000 $ 66,000
Montmorency 468 $ 50,290,000 $ 107,000 $ 77,000
Muskegon 8,933 $ 1,169,855,000 $ 130,000 $ 72,000
Newaygo 2,474 $ 317,210,000 $ 128,000 $ 74,000
Oakland 83,862 $ 19,499,945,000 $ 232,000 $ 123,000
Oceana 1,175 $ 165,885,000 $ 141,000 $ 90,000
Ogemaw 821 $ 84,905,000 $ 103,000 $ 76,000
Ontonagon 129 $ 12,775,000 $ 99,000 $ 78,000
Osceola 972 $ 100,900,000 $ 103,000 $ 67,000
Oscoda 370 $ 32,340,000 $ 87,000 $ 70,000
Otsego 1,320 $ 171,760,000 $ 130,000 $ 84,000
Ottawa 18,715 $ 3,396,055,000 $ 181,000 $ 95,000
Presque Isle 333 $ 41,185,000 $ 123,000 $ 88,000
Roscommon 1,688 $ 194,830,000 $ 115,000 $ 94,000
Saginaw 6,062 $ 758,490,000 $ 125,000 $ 77,000
Sanilac 1,448 $ 178,470,000 $ 123,000 $ 74,000
Schoolcraft 213 $ 22,015,000 $ 103,000 $ 82,000
Shiawassee 3,445 $ 410,925,000 $ 119,000 $ 69,000
St. Clair 9,372 $ 1,354,260,000 $ 144,000 $ 78,000
St. Joseph 2,376 $ 302,030,000 $ 127,000 $ 77,000
Tuscola 1,856 $ 197,180,000 $ 106,000 $ 65,000
Van Buren 3,905 $ 582,245,000 $ 149,000 $ 95,000
Washtenaw 19,116 $ 4,735,130,000 $ 247,000 $ 123,000
Wayne 70,302 $ 11,115,250,000 $ 158,000 $ 89,000
Wexford 1,742 $ 208,310,000 $ 119,000 $ 75,000

We hope these mortgage application details and statistics 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 Michigan.

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