Newaygo County, MI Mortgage Lenders & HMDA Data, 2012

In 2012, lenders reported 2,427 mortgage applications in Newaygo County, MI totaling $256.4 million, up 25% from 2011. The average application was for $105,000, and applicants reported an average income of $61,000. 50% of applications resulted in an originated loan and 22% were denied. The most active lender was Independent Bank, with 259 applications, followed by Choiceone Bank and Fifth Third Mortgage, Mi LLC.

Looking for lender-specific data?
Download a formatted spreadsheet with aggregated HMDA statistics for all lenders based in Michigan.
Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

Years 2025  2024  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 2,427
Total Mortgage Loan Application Amount $256,405,000
Average Mortgage Loan Application Amount $105,000
Highest Mortgage Loan Application Amount $4,265,000
Average Applicant Income $61,000
Highest Applicant Income $598,000

Mortgage Company List for Lending in Newaygo County, MI for 2012

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Independent Bank
4200 EAST BELTLINE
GRAND RAPIDS, MI 49525
* $ 2,304,743,000 259 $ 22,016,000
Choiceone Bank
109 E. DIVISION ST.
SPARTA, MI 49345
* $ 495,696,000 251 $ 23,430,000
Fifth Third Mortgage, Mi LLC
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 48,969,000 168 $ 19,080,000
Gerber Federal Credit Union
508 STATE STREET PO BOX 116
FREMONT, MI 49412
* $ 117,192,000 157 $ 12,459,000
Chemical Bank
333 E MAIN STREET
MIDLAND, MI 48640
* $ 5,331,931,000 134 $ 12,710,000
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 54,183,383,000 132 $ 13,870,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,161,490,000,000 115 $ 13,196,000
Lake Michigan Credit Union
PO BOX 2848
GRAND RAPIDS, MI 49501
* $ 2,423,017,000 108 $ 11,302,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 114,540,379,000 105 $ 11,774,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,811,678,000,000 92 $ 9,516,000
Fifth Third Bank
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ 114,540,379,000 74 $ 4,927,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,459,157,302,000 48 $ 5,555,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 330,470,810,000 43 $ 8,648,000
Flagstar Bank NA

TROY, MI 49098
* $ 13,623,469,000 41 $ 4,950,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,288,658,000,000 38 $ 4,151,000
Member First Mortgage, LLC
616 44TH STREET SE
GRAND RAPIDS, MI 49548
* $ 11,800,000 31 $ 3,275,000
Amerifirst Financial Corporation
950 TRADE CENTRE WAY SUITE 400
KALAMAZOO, MI 49009
* $ 10,000,000 26 $ 3,118,000
The Shelby State Bank
242 N MICHIGAN AVE
SHELBY, MI 49455
* $ 206,185,000 23 $ 2,053,000
Wmcu
1319 FRONT AVE NW
GRAND RAPIDS, MI 49504
* $ 122,182,000 23 $ 1,639,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 263,309,559,000 22 $ 2,882,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 18 $ 1,888,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 18 $ 3,494,000
Neighborhood Mortgage Solutions, LLC
PO BOX 209 544 N MAIN ST
FRANKENMUTH, MI 48734
* $ 77,551,000 17 $ 1,868,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 168,867,640,000 14 $ 2,089,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 569,541,000 14 $ 422,000
Ally Bank
2101 REXFORD ROAD, SUITE 350W
CHARLOTTE, NC 28211
* $ 85,381,954,000 13 $ 1,679,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 13 $ 1,523,000
Greenstone Farm Credit Services
3515 WEST RD
EAST LANSING, MI 48823
* $ 10,000,000 13 $ 3,219,000
Macatawa Bank, N.A.

ROSEMONT, IL 60018
* $ 1,505,983,000 12 $ 1,561,000
First Place Bank
185 EAST MARKET
WARREN, OH 44481
* $ 2,716,563,000 11 $ 1,596,000
Ross Mortgage Corporation
2075 W. BIG BEAVER, SUITE 700
TROY, MI 48084
* $ 10,000,000 11 $ 1,189,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ 10,000,000 10 $ 923,000
Service Finance Company, LLC
555 S FEDERAL HIGHWAY SUITE 200
BOCA RATON, FL 33432
* $ 10,000,000 9 $ 83,000
Isabella Bank
139 E. BROADWAY
MT PLEASANT, MI 48858
* $ 1,284,407,000 9 $ 1,089,000
Diamond Residential Mtg Corp
582 OAKWOOD AVE
LAKE FOREST, IL 60045
* $ 12,837,000 9 $ 926,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ 35,475,880,000 8 $ 696,000
Polaris Home Funding Corp.
151 44TH ST. SW
GRANDVILLE, MI 49418
* $ 10,000,000 8 $ 857,000
The Bank of Holland
150 CENTRAL AVE
HOLLAND, MI 49423
* $ 651,928,000 7 $ 1,190,000
Vandyk Mortgage Corporation
2449 CAMELOT CT SE
GRAND RAPIDS, MI 49546
* $ 10,000,000 7 $ 606,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 7 $ 312,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 52,181,685,000 7 $ 932,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ 35,000,000,000 7 $ 1,107,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ 10,000,000 7 $ 634,000
Home Loan Center, Inc.
11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
* $ 10,000,000 6 $ 812,000
Rivertown Community
3121 MACATAWA DR
GRANDVILLE, MI 49418
* $ 65,701,000 6 $ 135,000
Aspire Financial Inc
4100 ALPHA RD #112
DALLAS, TX 75244
* $ 10,000,000 6 $ 506,000
Mortgage Center Lc
26555 EVERGREEN RD SUITE 900
SOUTHFIELD, MI 48076
* $ 30,000,000 6 $ 534,000
West Michigan Community Bank
5367 SCHOOL AVE.
HUDSONVILLE, MI 49426
* $ 119,292,000 5 $ 683,000
Msu Federal Credit Union
3777 WEST ROAD
EAST LANSING, MI 48823
* $ 2,135,169,000 5 $ 423,000
Citizens Bank
328 S SAGINAW ST
FLINT, MI 48502
* $ 9,212,296,000 5 $ 356,000
Mercantile Bank Mtg Co LLC
4613 ALPINE AVE NW
COMSTOCK PARK, MI 49321
* $ 698,000,000 5 $ 479,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 298,844,000 5 $ 591,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ 10,000,000 5 $ 698,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ 10,000,000 5 $ 575,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ 880,000,000 5 $ 661,000
Mortgage Investors Corp
6090 CENTRAL AVE
ST. PETERSBURG, FL 33707
* $ 10,000,000 4 $ 498,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 4 $ 500,000
Mms Mortgage Services, Ltd.
38275 TWELVE MILE RD., SUITE 100
FARMINGTON HILLS, MI 48331
* $ 5,598,000 4 $ 459,000
Gmac Mortgage, LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 4 $ 447,000
Founders Bank & Trust
5200 CASCADE ROAD SE
GRAND RAPIDS, MI 49546
* $ 430,776,000 4 $ 387,000
Community West Credit Union
4045 60TH ST SE
KENTWOOD, MI 49512
* $ 114,230,000 4 $ 265,000
Preferred Credit Union
3767 SPARKS DR SE
GRAND RAPIDS, MI 49546
* $ 79,299,000 4 $ 115,000
The First State Bank
PO BOX 295
BARBOURSVILLE, WV 25504
* $ 283,544,000 4 $ 530,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ 11,000,000 4 $ 578,000
Community Choice Credit Union
31155 NORTHWESTERN HWY
FARMINGTON HILLS, MI 48334
* $ 450,888,000 3 $ 20,000
Harborlight
2151 COGSWELL DR.
WHITEHALL, MI 49461
* $ 83,983,000 3 $ 357,000
United Bank Mortgage Corporati
900 EAST PARIS AVE SE
GRAND RAPIDS, MI 49546
* $ 264,000,000 3 $ 398,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 9,790,194,000 3 $ 227,000
United Federal Credit Union
2807 SOUTH STATE ST
ST. JOSEPH, MI 49085
* $ 1,344,283,000 3 $ 338,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 14,736,579,000 3 $ 172,000
Everbank N.A.
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 13,039,950,000 3 $ 382,000
Metlife Bank, N.A.
1555 WEST WALNUT HILL LANE, STE. 200
IRVING, TX 75038
* $ 25,513,620,000 3 $ 385,000
Comerica Bank

FARMINGTON HILLS, MI 48331
* $ 60,970,527,000 3 $ 251,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 46,925,466,000 3 $ 143,000
Arbor Mortgage Corporation
2311 EAST BELTLINE AVE SE 200
GRAND RAPIDS, MI 49546
* $ 15,555,000 3 $ 332,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 3 $ 284,000
Cashcall, Inc.
1 CITY BLVD WEST SUITE 1000
ORANGE, CA 92868
* $ 10,000,000 2 $ 302,000
Residential Finance Corporatio
1 EASTON OVAL #400
COLUMBUS, OH 43219
* $ 17,533,484,000 2 $ 241,000
Amera Mortgage Corporation
1050 CORPORATE OFFICE DRIVE, STE 250
MILFORD, MI 48381
* $ 1,300,000,000 2 $ 274,000
Nationwide Advantage Mortgage
1100 LOCUST ST
DES MOINES, IA 50391
* $ 31,000,000 2 $ 354,000
First Guaranty Mortgage Corporation
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ 10,000,000 2 $ 214,000
Chicago Mortgage Solutions LLC
9525 W BRYN MAWR AVE
ROSEMONT, IL 60018
* $ 10,000,000 2 $ 260,000
American Internet Mortgage, Inc.
4121 CAMINO DEL RIO SOUTH
SAN DIEGO, CA 92108
* $ 10,000,000 2 $ 377,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ 10,000,000 2 $ 225,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ 76,887,082,000 2 $ 167,000
Ifreedom Direct Corporation
124 N. CHARLES LINDBERGH DRIVE
SLC, UT 84116
* $ 10,000,000 2 $ 224,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 106,940,591,000 2 $ 174,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ 12,019,539,000 2 $ 283,000
Nycb Mortgage Company, LLC
1801 EAST 9TH STREET
CLEVELAND, OH 44114
* $ 75,001,000 2 $ 281,000
Horizon Bank, N.A.
515 FRANKLIN ST
MICHIGAN CITY, IN 46360
* $ 1,546,948,000 2 $ 115,000
1st Source Bank
P O BOX 1602 SUITE 400
SOUTH BEND, IN 46601
* $ 4,361,631,000 2 $ 447,000
Select Bank
60 MONROE CENTER NW
GRAND RAPIDS, MI 49503
* $ 82,299,000 2 $ 1,303,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 2 $ 410,000
Guaranty Trust Company
316 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ 225,000,000 2 $ 305,000
Grand River Bank
4471 WILSON SW
GRANDVILLE, MI 49418
* $ 79,572,000 2 $ 364,000
Fedcom Credit Union
150 ANN ST NW
GRAND RAPIDS, MI 49321
* $ 48,825,000 2 $ 77,000
Dfcu Financial
400 TOWN CENTER DRIVE
DEARBORN, MI 48121
* $ 3,073,478,000 2 $ 148,000
Best Financial Credit Union
1888 E SHERMAN BLVD
MUSKEGON, MI 49444
* $ 63,509,000 2 $ 4,000
Consumers Credit Union
PO BOX 525
KALAMAZOO, MI 49009
* $ 364,238,000 2 $ 122,000
Aac Credit Union
904 BROADWAY NW
GRAND RAPIDS, MI 49504
* $ 75,873,000 2 $ 108,000
My Personal
1414 BURTON SW
WYOMING, MI 49509
* $ 101,499,000 2 $ 50,000
Genisys Credit Union
2100 EXECUTIVE HILLS BLVD
AUBURN HILLS, MI 48326
* $ 1,385,299,000 2 $ 110,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ 240,651,000 2 $ 286,000
First Financial Services, Inc.
6230 FAIRVIEW RD, 450
CHARLOTTE, NC 28210
* $ 842,786,000 1 $ 264,000
Liberty Home Equity Solutions, Inc.
10951 WHITE ROCK ROAD, SUITE 200
RANCHO CORDOVA, CA 95670
* $ 60,629,000 1 $ 64,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ 3,125,000 1 $ 64,000
Texas Star Bank SSB
101 GASSAWAY
LOTT, TX 76656
* $ 75,989,000 1 $ 81,000
The State Bank
175 N LEROY ST
FENTON, MI 48430
* $ 293,317,000 1 $ 30,000
Bank Five Nine
155 W. WISCONSIN AVENUE
OCONOMOWOC, WI 53066
* $ 713,681,000 1 $ 152,000
Credit Union One
400 E NINE MILE RD
FERNDALE, MI 48220
* $ 739,431,000 1 $ 35,000
Neighbors Credit Union
6300 S LINDBERGH BLVD
SAINT LOUIS, MO 63123
* $ 271,474,000 1 $ 30,000
Team One Credit Union
520 HAYDEN
SAGINAW, MI 48607
* $ 342,214,000 1 $ 24,000
Arbor Financial Credit Union
1551 SOUTH 9TH STREET
KALAMAZOO, MI 49009
* $ 356,846,000 1 $ 50,000
Alliance Catholic Credit Union
26913 NORTHWESTERN HWY STE 520
FARMINGTON HILLS, MI 48334
* $ 254,933,000 1 $ 108,000
Elga Credit Union
2303 S. CENTER ROAD
GRAND BLANC, MI 48439
* $ 284,756,000 1 $ 42,000
Mill City Credit Union
9999 WAYZATA BOULEVARD
MINNETONKA, MN 55305
* $ 285,094,000 1 $ 91,000
Financialedge Credit Union
1199 S. EUCLID AVE.
BAY CITY, MI 48706
* $ 76,016,000 1 $ 140,000
Farmers Bank and Trust NA
1017 HARRISON
GREAT BEND, KS 67530
* $ 648,887,000 1 $ 172,000
Stifel Bank & Trust
501 N BROADWAY
ST LOUIS, MO 63141
* $ 2,304,426,000 1 $ 110,000
Justice Federal Credit Union
5175 PARKSTONE DRIVE, STE. 200
CHANTILLY, VA 20151
* $ 528,308,000 1 $ 25,000
State Departmenet Federal Credit Union
1630 KING STREET
ALEXANDRIA, VA 22314
* $ 1,388,411,000 1 $ 80,000
Lafcu
106 N MARKETPLACE BLVD
LANSING, MI 48917
* $ 517,914,000 1 $ 60,000
Farmers Insurance Federal Credit Union
4601 WILSHIRE BL. STE 110
BURBANK, CA 91504
* $ 582,926,000 1 $ 144,000
Grand Bank, National Association
2297 HWY 33
HAMILTON, NJ 08690
* $ 341,507,000 1 $ 183,000
South Central Bank, National Association
525 W ROOSEVELT RD
CHICAGO, IL 60607
* $ 235,866,000 1 $ 13,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ 1,184,743,000 1 $ 157,000
Eaton Community Bank
236 S. COCHRAN AVENUE, P.O. BOX 219
CHARLOTTE, MI 48813
* $ 321,847,000 1 $ 128,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ 5,681,476,000 1 $ 57,000
American Bank
9001 EDMONSTON ROAD SUITE 100
GREENBELT, MD 20770
* $ 419,837,000 1 $ 227,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 518,825,000 1 $ 10,000
First Choice Loan Services Inc.
ONE TOWER CENTER, FLOOR #18
EAST BRUNSWICK, NJ 08816
* $ 669,000,000 1 $ 182,000
Nationwide Bank
ONE NATIONWIDE PLAZA
COLUMBUS, OH 43215
* $ 4,479,945,000 1 $ 30,000
Firstar Bank, National Association
PO BOX 308
ROLAND, OK 74954
* $ 223,553,000 1 $ 85,000
Edward Jones Mortgage, LLC
100 N MAIN STREET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 608,783,443,000 1 $ 75,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 171,291,705,000 1 $ 286,000
E*Trade Savings Bank
671 N. GLEBE RD 12TH FLOOR
ARLINGTON, VA 22203
* $ 1,677,184,000 1 $ 114,000
Walker & Dunlop, LLC
7501 WISCONSIN AVE, STE 1200E
BETHESDA, MD 20814
* $ 552,596,000 1 $ 4,265,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ 86,198,836,000 1 $ 5,000
Community Mortgage Funding, LLC
3201 WEST TEMPLE AVE, SUITE 120
POMONA, CA 91768
* $ 500,000,000 1 $ 144,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ 10,000,000 1 $ 165,000
Residential Acceptance Corporation
5027 W LAUREL ST
TAMPA, FL 33607
* $ 10,000,000 1 $ 81,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 1 $ 152,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ 10,000,000 1 $ 183,000
Northern Ohio Investment Company
6444 MONROE STREET, SUITE 6
SYLVANIA, OH 43560
* $ 10,000,000 1 $ 138,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ 10,000,000 1 $ 138,000
Ark-La-Tex Financial Services LLC
5160 TENNYSON PKWY STE 1000
PLANO, TX 75024
* $ 10,000,000 1 $ 80,000
Stonegate Mortgage Corporation
9190 PRIORITY WAY WEST DRIVE
INDIANAPOLIS, IN 46240
* $ 10,000,000 1 $ 53,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ 11,000,000 1 $ 25,000
Mortgage300 Corporation
10 SE CENTRAL PARKWAY SUITE 325
STUART, FL 34994
* $ 500,000 1 $ 133,000
Eastland Financial Corporation
106 DISCOVERY
IRVINE, CA 92618
* $ 1,758,162,000 1 $ 135,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ 39,000,000 1 $ 148,000
Generation Mortgage Company
3565 PIEDMONT ROAD, NE STE. 300
ATLANTA, GA 30305
* $ 73,926,000 1 $ 62,000

The tables below break down 2012 mortgage applications in Newaygo County, MI by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Newaygo County, MI in 2012

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 1,586 $186,590,000 $117,000 $4,265,000 $64,000 $598,000
Home Purchase 676 $64,537,000 $95,000 $1,166,000 $55,000 $479,000
Home Improvement 165 $5,278,000 $31,000 $466,000 $53,000 $265,000

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 2,056 $210,304,000 $102,000 $466,000 $64,000 $598,000
Not Provided 180 $16,804,000 $93,000 $440,000 $59,000 $373,000
Not applicable 122 $22,957,000 $188,000 $4,265,000 $12,000 $241,000
Hispanic 32 $2,652,000 $82,000 $200,000 $48,000 $128,000
Black or African American 21 $2,199,000 $104,000 $257,000 $49,000 $317,000
American Indian or Alaskan Native 14 $1,271,000 $90,000 $168,000 $53,000 $100,000
Asian 1 $101,000 $101,000 $101,000 $28,000 $28,000
Native Hawaiian or Other Pacific Islander 1 $117,000 $117,000 $117,000 $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) 1,916 $201,234,000 $105,000 $4,096,000 $67,000 $598,000
FHA-insured (Federal Housing Administration) 318 $34,137,000 $107,000 $4,265,000 $33,000 $162,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 108 $9,577,000 $88,000 $231,000 $32,000 $93,000
VA-guaranteed (Veterans Administration) 85 $11,457,000 $134,000 $378,000 $47,000 $210,000

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 1,214 $131,277,000 $108,000 $4,096,000 $72,000 $598,000
Application Denied By Financial Institution 532 $51,810,000 $97,000 $4,265,000 $59,000 $413,000
Loan Purchased By The Institution 320 $34,198,000 $106,000 $326,000 $21,000 $241,000
Application Withdrawn By Applicant 189 $19,656,000 $104,000 $400,000 $59,000 $326,000
File Closed For Incompleteness 128 $13,961,000 $109,000 $370,000 $64,000 $259,000
Application Approved But Not Accepted 44 $5,503,000 $125,000 $1,166,000 $53,000 $163,000
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
Collateral 114 $11,473,000 $100,000 $417,000 $72,000 $338,000
Credit History 81 $5,389,000 $66,000 $214,000 $48,000 $149,000
Debt-To-Income Ratio 52 $4,517,000 $86,000 $318,000 $44,000 $162,000
Credit Application Incomplete 31 $3,508,000 $113,000 $350,000 $83,000 $329,000
Other 31 $3,045,000 $98,000 $391,000 $101,000 $413,000
Employment History 8 $654,000 $81,000 $162,000 $52,000 $108,000
Insufficient Cash (Downpayment, Closing Cost) 5 $416,000 $83,000 $145,000 $50,000 $133,000
Unverifiable Information 2 $510,000 $255,000 $400,000 $24,000 $48,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Download the Michigan Lender List