Michigan
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Michigan mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Michigan based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Michigan's mortgage market trends.

Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 337,009
Total Mortgage Loan Application Amount $61,076,985,000
Average Mortgage Loan Application Amount $181,000
Highest Mortgage Loan Application Amount $76,005,000
Average Applicant Income $109,000
Highest Applicant Income $9,999,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Michigan. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Michigan, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Michigan.

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Mortgage Loan Application Detail Totals for Michigan in 2023

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 170,470 $39,528,145,000 $231,000 $53,005,000 $113,000 $9,836,000
Cash-out Refinancing 51,079 $8,631,845,000 $168,000 $76,005,000 $95,000 $8,406,000
Other Purpose 45,121 $3,959,045,000 $87,000 $17,705,000 $111,000 $9,999,000
Home Improvement 43,247 $3,474,975,000 $80,000 $17,285,000 $109,000 $5,400,000
Refinancing 26,046 $5,364,065,000 $205,000 $57,745,000 $115,000 $9,999,000
Not Applicable 1,046 $118,910,000 $113,000 $6,405,000 $61,000 $540,000

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 214,643 $36,484,455,000 $169,000 $5,305,000 $111,000 $9,999,000
Not Provided 45,912 $8,173,390,000 $178,000 $9,995,000 $117,000 $9,999,000
Black or African American 27,295 $3,459,285,000 $126,000 $3,085,000 $82,000 $9,999,000
Not applicable 24,670 $8,062,170,000 $326,000 $76,005,000 $115,000 $1,806,000
Hispanic 11,217 $1,672,885,000 $149,000 $2,905,000 $90,000 $3,857,000
Asian 8,797 $2,373,625,000 $269,000 $3,455,000 $138,000 $5,120,000
American Indian or Alaskan Native 2,340 $311,580,000 $133,000 $1,005,000 $90,000 $5,063,000
Native Hawaiian or Other Pacific Islander 281 $80,705,000 $287,000 $3,245,000 $101,000 $678,000

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) 274,431 $48,574,185,000 $177,000 $76,005,000 $116,000 $9,999,000
FHA-insured (Federal Housing Administration) 45,126 $8,340,520,000 $184,000 $37,085,000 $72,000 $7,102,000
VA-guaranteed (Veterans Administration) 15,112 $3,803,930,000 $251,000 $9,995,000 $89,000 $1,149,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,340 $358,350,000 $153,000 $1,785,000 $73,000 $349,000

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 185,101 $36,466,580,000 $197,000 $57,745,000 $118,000 $9,836,000
Application Denied By Financial Institution 62,365 $7,628,705,000 $122,000 $40,005,000 $84,000 $9,999,000
Application Withdrawn By Applicant 40,784 $8,342,430,000 $204,000 $42,535,000 $115,000 $9,365,000
Loan Purchased By The Institution 21,860 $4,757,740,000 $217,000 $76,005,000 $116,000 $2,126,000
File Closed For Incompleteness 14,142 $2,096,165,000 $148,000 $5,945,000 $106,000 $9,999,000
Application Approved But Not Accepted 11,420 $1,518,450,000 $132,000 $43,705,000 $102,000 $8,463,000
Preapproval Approved but not Accepted 1,034 $215,530,000 $208,000 $2,375,000 $90,000 $1,200,000
Preapproval Denied by Financial Institution 303 $51,385,000 $169,000 $1,405,000 $67,000 $337,000

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 270,304 $52,596,020,000 $194,000 $76,005,000 $116,000 $9,999,000
Debt-To-Income Ratio 24,986 $3,489,780,000 $139,000 $27,005,000 $71,000 $9,166,000
Credit History 18,547 $1,584,065,000 $85,000 $9,995,000 $83,000 $9,999,000
Collateral 9,604 $1,370,600,000 $142,000 $9,725,000 $111,000 $9,999,000
Credit Application Incomplete 6,055 $834,215,000 $137,000 $20,055,000 $100,000 $4,788,000
Other 4,074 $632,840,000 $155,000 $40,005,000 $113,000 $8,294,000
Unverifiable Information 1,451 $232,155,000 $159,000 $3,505,000 $99,000 $2,755,000
Insufficient Cash (Downpayment, Closing Cost) 1,187 $232,565,000 $195,000 $2,635,000 $89,000 $3,531,000
Employment History 795 $103,345,000 $129,000 $1,355,000 $68,000 $2,250,000
Mortgage Insurance Denied 6 $1,400,000 $233,000 $385,000 $101,000 $138,000
Download the Michigan Lender List

Mortgage Loan Application Totals in 2023 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 10,410 $ 2,675,525,000 $ 257,000 $ 149,000
BATTLE CREEK, MI 5,088 $ 745,640,000 $ 146,000 $ 86,000
BAY CITY, MI 2,970 $ 349,150,000 $ 117,000 $ 76,000
DETROIT-DEARBORN-LIVONIA, MI 53,074 $ 8,182,540,000 $ 154,000 $ 98,000
FLINT, MI 14,068 $ 1,959,890,000 $ 139,000 $ 89,000
GRAND RAPIDS-WYOMING, MI 40,127 $ 8,055,725,000 $ 200,000 $ 115,000
JACKSON, MI 5,592 $ 819,050,000 $ 146,000 $ 87,000
KALAMAZOO-PORTAGE, MI 9,296 $ 1,693,080,000 $ 182,000 $ 107,000
LANSING-EAST LANSING, MI 16,895 $ 2,846,895,000 $ 168,000 $ 96,000
MIDLAND, MI 2,530 $ 426,790,000 $ 168,000 $ 106,000
MONROE, MI 5,758 $ 910,430,000 $ 158,000 $ 93,000
MUSKEGON, MI 7,150 $ 1,077,460,000 $ 150,000 $ 86,000
NILES-BENTON HARBOR, MI 6,264 $ 1,113,020,000 $ 177,000 $ 122,000
SAGINAW, MI 5,230 $ 787,230,000 $ 150,000 $ 84,000
WARREN-TROY-FARMINGTON HILLS, MI 93,491 $ 19,488,730,000 $ 208,000 $ 123,000
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Mortgage Loan Application Totals in 2023 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 361 $ 54,275,000 $ 150,000 $ 100,000
Alger 158 $ 25,130,000 $ 159,000 $ 110,000
Allegan 5,041 $ 917,795,000 $ 182,000 $ 113,000
Alpena 478 $ 61,700,000 $ 129,000 $ 78,000
Antrim 890 $ 213,480,000 $ 239,000 $ 172,000
Arenac 449 $ 59,405,000 $ 132,000 $ 84,000
Baraga 131 $ 18,255,000 $ 139,000 $ 93,000
Barry 2,653 $ 448,105,000 $ 168,000 $ 100,000
Bay 2,970 $ 349,150,000 $ 117,000 $ 76,000
Benzie 544 $ 128,090,000 $ 235,000 $ 139,000
Berrien 6,264 $ 1,113,020,000 $ 177,000 $ 122,000
Branch 1,432 $ 203,640,000 $ 142,000 $ 83,000
Calhoun 5,088 $ 745,640,000 $ 146,000 $ 86,000
Cass 1,969 $ 344,765,000 $ 175,000 $ 120,000
Charlevoix 844 $ 254,890,000 $ 302,000 $ 208,000
Cheboygan 621 $ 132,345,000 $ 213,000 $ 140,000
Chippewa 599 $ 78,875,000 $ 131,000 $ 87,000
Clare 1,311 $ 146,135,000 $ 111,000 $ 85,000
Clinton 2,546 $ 518,900,000 $ 203,000 $ 109,000
Crawford 523 $ 66,335,000 $ 126,000 $ 90,000
Delta 374 $ 56,510,000 $ 151,000 $ 79,000
Dickinson 438 $ 59,580,000 $ 136,000 $ 83,000
Eaton 3,697 $ 609,355,000 $ 164,000 $ 92,000
Emmet 967 $ 280,365,000 $ 289,000 $ 204,000
Genesee 14,068 $ 1,959,890,000 $ 139,000 $ 89,000
Gladwin 999 $ 131,195,000 $ 131,000 $ 89,000
Gogebic 377 $ 47,435,000 $ 125,000 $ 94,000
Grand Traverse 3,346 $ 915,540,000 $ 273,000 $ 150,000
Gratiot 1,164 $ 141,680,000 $ 121,000 $ 76,000
Hillsdale 1,264 $ 191,500,000 $ 151,000 $ 88,000
Houghton 660 $ 125,570,000 $ 190,000 $ 105,000
Huron 798 $ 102,050,000 $ 127,000 $ 100,000
Ingham 8,201 $ 1,380,125,000 $ 168,000 $ 98,000
Ionia 2,199 $ 325,435,000 $ 147,000 $ 81,000
Iosco 823 $ 109,335,000 $ 132,000 $ 97,000
Iron 407 $ 35,215,000 $ 86,000 $ 67,000
Isabella 1,529 $ 243,765,000 $ 159,000 $ 94,000
Jackson 5,592 $ 819,050,000 $ 146,000 $ 87,000
Kalamazoo 9,296 $ 1,693,080,000 $ 182,000 $ 107,000
Kalkaska 576 $ 104,340,000 $ 181,000 $ 94,000
Kent 24,335 $ 4,955,115,000 $ 203,000 $ 119,000
Keweenaw 71 $ 10,325,000 $ 145,000 $ 126,000
Lake 473 $ 63,715,000 $ 134,000 $ 116,000
Lapeer 3,245 $ 563,895,000 $ 173,000 $ 101,000
Leelanau 873 $ 289,665,000 $ 331,000 $ 208,000
Lenawee 3,504 $ 497,780,000 $ 142,000 $ 90,000
Livingston 7,606 $ 1,689,250,000 $ 222,000 $ 132,000
Luce 129 $ 15,215,000 $ 117,000 $ 103,000
Mackinac 207 $ 39,165,000 $ 189,000 $ 107,000
Macomb 32,112 $ 5,662,250,000 $ 176,000 $ 97,000
Manistee 756 $ 133,930,000 $ 177,000 $ 108,000
Marquette 1,445 $ 240,885,000 $ 166,000 $ 109,000
Mason 686 $ 114,660,000 $ 167,000 $ 114,000
Mecosta 1,412 $ 216,720,000 $ 153,000 $ 91,000
Menominee 488 $ 67,640,000 $ 138,000 $ 100,000
Midland 2,530 $ 426,790,000 $ 168,000 $ 106,000
Missaukee 462 $ 68,960,000 $ 149,000 $ 91,000
Monroe 5,758 $ 910,430,000 $ 158,000 $ 93,000
Montcalm 2,489 $ 385,475,000 $ 154,000 $ 89,000
Montmorency 455 $ 58,115,000 $ 127,000 $ 87,000
Muskegon 7,150 $ 1,077,460,000 $ 150,000 $ 86,000
Newaygo 1,969 $ 306,905,000 $ 155,000 $ 94,000
Oakland 43,975 $ 10,598,670,000 $ 241,000 $ 148,000
Oceana 837 $ 148,925,000 $ 177,000 $ 112,000
Ogemaw 664 $ 84,150,000 $ 126,000 $ 91,000
Ontonagon 123 $ 14,745,000 $ 119,000 $ 86,000
Osceola 815 $ 105,685,000 $ 129,000 $ 81,000
Oscoda 358 $ 39,940,000 $ 111,000 $ 90,000
Otsego 978 $ 160,010,000 $ 163,000 $ 110,000
Ottawa 11,104 $ 2,389,700,000 $ 215,000 $ 119,000
Presque Isle 271 $ 46,425,000 $ 171,000 $ 106,000
Roscommon 1,165 $ 164,735,000 $ 141,000 $ 106,000
Saginaw 5,230 $ 787,230,000 $ 150,000 $ 84,000
Sanilac 1,225 $ 164,015,000 $ 133,000 $ 90,000
Schoolcraft 114 $ 15,770,000 $ 138,000 $ 98,000
Shiawassee 2,451 $ 338,515,000 $ 138,000 $ 83,000
St. Clair 6,553 $ 974,665,000 $ 148,000 $ 88,000
St. Joseph 2,187 $ 297,385,000 $ 135,000 $ 85,000
Tuscola 1,565 $ 212,065,000 $ 135,000 $ 82,000
Van Buren 2,919 $ 499,485,000 $ 171,000 $ 117,000
Washtenaw 10,410 $ 2,675,525,000 $ 257,000 $ 149,000
Wayne 53,074 $ 8,182,540,000 $ 154,000 $ 98,000
Wexford 1,189 $ 171,515,000 $ 144,000 $ 86,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Michigan's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Michigan's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Michigan Lender List