Traverse City, MI Metro Area Mortgage Lenders & HMDA Data, 2024

In 2024, lenders reported 6,178 mortgage applications in Traverse City, MI metro area totaling $1.7 billion. The average application was for $270,885, and applicants reported an average income of $156,000. 59% of applications resulted in an originated loan and 16% were denied. The most active lender was Huntington National Bank, with 774 applications, followed by Lake Michigan Credit Union and United Wholesale Mortgage.

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Years 2025  2024  
Total Number of Mortgage Applications 6,178
Total Mortgage Loan Application Amount $1,673,530,000
Average Mortgage Loan Application Amount $270,885
Highest Mortgage Loan Application Amount $7,125,000
Average Applicant Income $156,000
Highest Applicant Income $6,339,000

Mortgage Company List for Lending in Traverse City, MI for 2024

* 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
Huntington National Bank
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ n/a 774 $ 153,370,000
Lake Michigan Credit Union
PO BOX 2848
GRAND RAPIDS, MI 49501
* $ n/a 480 $ 154,560,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ n/a 413 $ 140,575,000
Fifth Third Bank, National Association
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ n/a 305 $ 67,815,000
4front Credit Union
101 N PARK ST
TRAVERSE CITY, MI 49685
* $ n/a 293 $ 34,975,000
Independent Bank
4200 EAST BELTLINE
GRAND RAPIDS, MI 49525
* $ n/a 239 $ 76,265,000
Credit Union One
400 E NINE MILE RD
FERNDALE, MI 48220
* $ n/a 203 $ 29,925,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ n/a 187 $ 49,075,000
Msu Federal Credit Union
3777 WEST ROAD
EAST LANSING, MI 48823
* $ n/a 124 $ 23,150,000
Mercantile Bank
310 LEONARD STREET NORTH WEST
GRAND RAPIDS, MI 49504
* $ n/a 117 $ 49,435,000
Honor Bank
2254 HENRY ST
HONOR, MI 49640
* $ n/a 97 $ 33,255,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ n/a 91 $ 31,975,000
Discover Bank
12 READS WAY
GREENWOOD, DE 19950
* $ n/a 89 $ 8,545,000
State Savings Bank
703 MAIN ST
FRANKFORT, MI 49635
* $ n/a 86 $ 25,840,000
Calcon Mutual Mortgage LLC
3131 CAMINO DEL RIO N SUITE 1680
SAN DIEGO, CA 92108
* $ n/a 83 $ 27,435,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ n/a 81 $ 7,075,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ n/a 72 $ 6,790,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ n/a 69 $ 22,015,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ n/a 61 $ 19,065,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ n/a 57 $ 4,385,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ n/a 56 $ 7,790,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ n/a 55 $ 17,595,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ n/a 54 $ 11,380,000
Nicolet National Bank
111 N WASHINGTON ST
GREEN BAY, WI 54301
* $ n/a 52 $ 11,510,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ n/a 50 $ 3,950,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ n/a 47 $ 17,125,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ n/a 46 $ 18,460,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ n/a 43 $ 9,385,000
Dart Bank
368 S. PARK ST.
MASON, MI 48854
* $ n/a 42 $ 15,550,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ n/a 41 $ 8,255,000
Greenstone Farm Credit Services
3515 WEST RD
EAST LANSING, MI 48823
* $ n/a 40 $ 15,670,000
Staunton Financial Inc
25800 NORTHWESTERN HIGHWAY SUITE 110
SOUTHFIELD, MI 48076
* $ n/a 34 $ 11,510,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ n/a 31 $ 7,635,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ n/a 31 $ 6,865,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ n/a 31 $ 5,925,000
Union Home Mortgage Corp.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ n/a 28 $ 9,250,000
Flagstar Bank NA

TROY, MI 49098
* $ n/a 27 $ 14,235,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ n/a 26 $ 8,460,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ n/a 24 $ 4,110,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ n/a 24 $ 7,020,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ n/a 23 $ 4,975,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ n/a 22 $ 7,480,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ n/a 22 $ 6,730,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ n/a 22 $ 2,790,000
Genisys Credit Union
2100 EXECUTIVE HILLS BLVD
AUBURN HILLS, MI 48326
* $ n/a 21 $ 13,535,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ n/a 21 $ 5,125,000
Consumers Credit Union
PO BOX 525
KALAMAZOO, MI 49009
* $ n/a 20 $ 5,980,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ n/a 20 $ 6,510,000
Third Federal Savings and Loan
7007 BROADWAY AVENUE
CLEVELAND, OH 44105
* $ n/a 19 $ 2,525,000
Mortgage300 Corporation
10 SE CENTRAL PARKWAY SUITE 325
STUART, FL 34994
* $ n/a 18 $ 4,130,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ n/a 17 $ 5,205,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ n/a 17 $ 5,875,000
First Community Mortgage, Inc.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ n/a 16 $ 4,670,000
Team One Credit Union
520 HAYDEN
SAGINAW, MI 48607
* $ n/a 16 $ 2,700,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ n/a 15 $ 6,115,000
Horizon Bank
515 FRANKLIN ST
MICHIGAN CITY, IN 46360
* $ n/a 15 $ 5,025,000
NBKC Bank
8320 WARD PARKWAY
KANSAS CITY, MO 64114
* $ n/a 15 $ 6,155,000
Mortgage Center Lc
26555 EVERGREEN RD SUITE 900
SOUTHFIELD, MI 48076
* $ n/a 15 $ 3,915,000
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ n/a 14 $ 4,040,000
The Loan Store, Inc

TUCSON, AZ 85718
* $ n/a 13 $ 3,405,000
Vanderbilt Mortgage and Finance, Inc
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ n/a 13 $ 1,165,000
First Merchants Bank
200 E. JACKSON ST.
MUNCIE, IN 47305
* $ n/a 12 $ 9,860,000
Coast One Mortgage, LLC

FORT WASHINGTON, PA 19034
* $ n/a 12 $ 4,080,000
Movement Mortgage, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ n/a 12 $ 4,730,000
Longbridge Financial, LLC
1 INTERNATIONAL BOULEVARD, SUITE 900
MAHWAH, NJ 07495
* $ n/a 12 $ 4,150,000
Hall Financial
888 W BIG BEAVER RD, SUITE 800
TROY, MI 48083
* $ n/a 11 $ 2,285,000
Sofi Bank, National Association

FRISCO, TX 75034
* $ n/a 11 $ 3,685,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ n/a 10 $ 2,740,000
American Financing Corporation
3045 S PARKER RD BUILDING B
AURORA, CO 80014
* $ n/a 10 $ 1,920,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ n/a 10 $ 2,940,000
Charles Schwab Bank, SSB

LONE TREE, CO 80124
* $ n/a 10 $ 7,140,000
Member First Mortgage, LLC
616 44TH STREET SE
GRAND RAPIDS, MI 49548
* $ n/a 10 $ 2,910,000
First Community Bank
200 EAST MAIN STREET
HARBOR SPRINGS, MI 49740
* $ n/a 10 $ 4,610,000
Change Lending
175 N. RIVERVIEW DRIVE SUITE C
ANAHEIM, CA 92808
* $ n/a 9 $ 2,875,000
Citibank, NA

NEW YORK, NY 10012
* $ n/a 9 $ 6,445,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ n/a 9 $ 5,355,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ n/a 9 $ 3,875,000
Dfcu Financial
400 TOWN CENTER DRIVE
DEARBORN, MI 48121
* $ n/a 9 $ 1,865,000
Rpe Home, Inc
1312 17TH STREET SUITE 71618
DENVER, CO 80202
* $ n/a 8 $ 9,320,000
Michigan Schools and Governmen
40400 GARFIELD ROAD
CLINTON TOWNSHIP, MI 48038
* $ n/a 8 $ 2,150,000
Better Mortgage Corporation
1 WORLD TRADE CENTER FL 80
NEW YORK, NY 10007
* $ n/a 8 $ 3,460,000
Isabella Bank
139 E. BROADWAY
MT PLEASANT, MI 48858
* $ n/a 8 $ 4,580,000
Morgan Stanley Private Bank NA
2000 WESTCHESTER AVE
PURCHASE, NY 10577
* $ n/a 8 $ 7,960,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ n/a 8 $ 1,950,000
Michigan Mutual, Inc
911 MILITARY STREET
PORT HURON, MI 48060
* $ n/a 7 $ 1,945,000
First State Bank
24300 LITTLE MACK
ST CLAIR SHORES, MI 48080
* $ n/a 7 $ 2,965,000
Frankenmuth Credit Union
580 N. MAIN ST., PO BOX 209
FRANKENMUTH, MI 48734
* $ n/a 7 $ 2,255,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ n/a 7 $ 9,215,000
Stockton Mortgage Corporation
88 C MICHAEL DAVENPORT BLVD.
FRANKFORT, KY 40601
* $ n/a 6 $ 2,070,000
Old National Bank
ONE MAIN STREET
EVANSVILLE, IN 47708
* $ n/a 6 $ 1,670,000
Ocmbc, Inc.
19000 MACARTHUR BLVD, SUITE 200
IRVINE, CA 92612
* $ n/a 6 $ 1,170,000
Mortgage 1 Incorporated
43456 MOUND ROAD
STERLING HEIGHTS, MI 48314
* $ n/a 6 $ 1,690,000
Michigan First Credit Union
27000 EVERGREEN
LATHRUP VILLAGE, MI 48076
* $ n/a 6 $ 3,010,000
Comerica Bank

FARMINGTON HILLS, MI 48331
* $ n/a 6 $ 1,370,000
County National Bank
ONE SOUTH HOWELL ST
HILLSDALE, MI 49242
* $ n/a 6 $ 930,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ n/a 6 $ 1,170,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ n/a 6 $ 2,080,000
Northpointe Bank
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ n/a 5 $ 1,245,000
Top Flite Financial, Inc.
123 E GRAND RIVER AVE
WILLIAMSTON, MI 48895
* $ n/a 5 $ 1,495,000
Goldman Sachs Bank USA
200 WEST STREET
NEW YORK, NY 10282
* $ n/a 5 $ 6,015,000
Nexbank
2515 MCKINNEY AVENUE, SUITE 1100
DALLAS, TX 75201
* $ n/a 5 $ 3,675,000
Arbor Financial Credit Union
1551 SOUTH 9TH STREET
KALAMAZOO, MI 49009
* $ n/a 5 $ 1,975,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ n/a 5 $ 1,775,000
Gold Star Mortgage Financial Group, Corporation
2350 GREEN ROAD SUITE 100B
ANN ARBOR, MI 48105
* $ n/a 5 $ 1,595,000
Success Mortgage Partners, Inc
1200 S. SHELDON RD.
PLYMOUTH, MI 48170
* $ n/a 5 $ 1,225,000
Choiceone Bank
109 E. DIVISION ST.
SPARTA, MI 49345
* $ n/a 5 $ 1,475,000
Pentagon Federal Credit Union

OMAHA, NE 68164
* $ n/a 5 $ 955,000
Legacy Mortgage
1537 E HILL RD SUITE 100
GRAND BLANC, MI 48439
* $ n/a 5 $ 1,085,000
Community Financial
500 S HARVEY ST
PLYMOUTH, MI 48170
* $ n/a 5 $ 865,000
Lendage, LLC dba Achieve Loans
1875 S GRANT ST
SAN MATEO, CA 94402
* $ n/a 5 $ 365,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ n/a 5 $ 1,615,000
Ark-La-Tex Financial Services LLC
5160 TENNYSON PKWY STE 1000
PLANO, TX 75024
* $ n/a 5 $ 1,955,000
Stifel Bank & Trust
501 NORTH BROADWAY
ST. LOUIS, MO 63102
* $ n/a 4 $ 1,590,000
Alliant Credit Union
11545 W TOUHY
CHICAGO, IL 60666
* $ n/a 4 $ 580,000
Finance of America Reverse LLC
8023 EAST 63RD PLACE, SUITE 700
TULSA, OK 74133
* $ n/a 4 $ 780,000
The State Bank
175 N LEROY ST
FENTON, MI 48430
* $ n/a 4 $ 2,780,000
Fourleaf Federal Credit Union
899 SOUTH OYSTER BAY ROAD
BETHPAGE, NY 11714
* $ n/a 4 $ 710,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ n/a 4 $ 2,120,000
NFM, Inc
1190 WINTERSON ROAD, SUITE 300
LINTHICUM, MD 21090
* $ n/a 4 $ 1,080,000
Greenwood Credit Union
2669 POST ROAD
WARWICK, RI 02886
* $ n/a 4 $ 380,000
Deephaven Mortgage LLC
3530 TORINGDON WAY #200
CHARLOTTE, NC 28277
* $ n/a 4 $ 1,580,000
Zippy Loans, LLC
2807 ALLEN ST
DALLAS, TX 75204
* $ n/a 4 $ 170,000
Redwood Residential Acquisition Corporation
1 BELVEDERE PLACE
MILL VALLEY, CA 94951
* $ n/a 4 $ 3,920,000
Luminate Home Loans, Inc.
2523 WAYZATA BLVD SUITE 200
MINNEAPOLIS, MN 55405
* $ n/a 4 $ 2,470,000
Ally Bank

CHARLOTTE, NC 28202
* $ n/a 3 $ 705,000
Zillow Home Loans, LLC
2600 MICHELSON DRIVE
IRVINE, CA 92612
* $ n/a 3 $ 835,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ n/a 3 $ 865,000
Primelending
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ n/a 3 $ 2,405,000
Champions Funding, LLC
365 E GERMANN RD #140
GILBERT, AZ 85297
* $ n/a 3 $ 975,000
Tomo Mortgage LLC
909 THIRD AVENUE 9TH FL
NEW YORK, NY 10018
* $ n/a 3 $ 985,000
Royal United Mortgage LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46256
* $ n/a 3 $ 165,000
Canopy Mortgage, LLC
360 TECHNOLOGY COURT STE. 200
LINDON, UT 84003
* $ n/a 3 $ 775,000
Goodleap, LLC
8781 SIERRA COLLEGE BLVD
ROSEVILLE, CA 95661
* $ n/a 3 $ 455,000
Ross Mortgage Corporation
2075 W. BIG BEAVER, SUITE 700
TROY, MI 48084
* $ n/a 3 $ 1,115,000
Lendingone LLC
901 YAMATO RD #150
BOCA RATON, FL 33431
* $ n/a 3 $ 845,000
Emporium Tpo LLC

FRISCO, TX 75034
* $ n/a 3 $ 1,195,000
Dort Financial Credit Union
9048 HOLLY ROAD
GRAND BLANC, MI 48439
* $ n/a 3 $ 1,135,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ n/a 3 $ 2,415,000
Wildfire Credit Union
6640 BAY RD
SAGINAW, MI 48605
* $ n/a 3 $ 295,000
Raymond James Bank
710 CARILLON PARKWAY
SAINT PETERSBURG, FL 33716
* $ n/a 3 $ 3,585,000
Loc Credit Union
6246 CHASE ROAD
FARMINGTON, MI 48336
* $ n/a 3 $ 665,000
United Bank of Michigan
900 EAST PARIS AVE SE
GRAND RAPIDS, MI 49546
* $ n/a 3 $ 1,095,000
Amwest Funding Corp
6 POINTE DRIVE, SUITE 300
BREA, CA 92821
* $ n/a 3 $ 1,155,000
Adventure Credit Union
630 32ND ST SE
GRAND RAPIDS, MI 49548
* $ n/a 3 $ 215,000
Wmcu
1319 FRONT AVE NW
GRAND RAPIDS, MI 49504
* $ n/a 3 $ 1,045,000
Network Capital Funding Corporation
7700 IRVINE CENTER DRIVE #300
IRVINE, CA 92618
* $ n/a 3 $ 1,485,000
Ruoff Mortgage Company
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ n/a 3 $ 835,000
Kind Lending, LLC
1920 MAIN STREET SUITE 1100 & 1200
IRVINE, CA 92614
* $ n/a 3 $ 905,000
Michigan Educational Credit Union
9200 HAGGERTY ROAD
PLYMOUTH, MI 48178
* $ n/a 3 $ 405,000
University of Michigan Credit Union
340 E. HURON
ANN ARBOR, MI 48104
* $ n/a 3 $ 535,000
Homebridge Financial Services, Inc
194 WOOD AVE S, 9TH FLOOR
ISELIN, NJ 08830
* $ n/a 3 $ 415,000
Three Rivers Federal Crediit U
1615 NORTHLAND BLVD
FORT WAYNE, IN 46825
* $ n/a 3 $ 1,805,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ n/a 3 $ 875,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ n/a 3 $ 1,035,000
UBS Bank USA
299 S. MAIN ST
SALT LAKE CITY, UT 84111
* $ n/a 3 $ 3,415,000
Arc Home LLC

MOORESTOWN, NJ 08057
* $ n/a 3 $ 795,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ n/a 2 $ 560,000
Commerce Bank
922 WALNUT, TB 12-1
KANSAS CITY, MO 64106
* $ n/a 2 $ 510,000
Civista Bank
100 EAST WATER ST
SANDUSKY, OH 44870
* $ n/a 2 $ 910,000
US Mortgage Corporation
201 OLD COUNTRY ROAD
MELVILLE, NY 11747
* $ n/a 2 $ 230,000
Diamond Residential Mtg Corp
582 OAKWOOD AVE
LAKE FOREST, IL 60045
* $ n/a 2 $ 940,000
University Bank
2015 WASHTENAW AVE
ANN ARBOR, MI 48104
* $ n/a 2 $ 530,000
Milend, Inc
375 NORTHRIDGE RD, SUITE 600
ALPHARETTA, GA 30009
* $ n/a 2 $ 520,000
Nations Lending Corporation
4 SUMMIT PARK DR STE 200
INDEPENDENCE, OH 44131
* $ n/a 2 $ 390,000
Sierra Pacific Mortgage Co. Inc
1180 IRON POINT RD, SUITE 200
FOLSOM, CA 95630
* $ n/a 2 $ 1,220,000
V.I.P. Mortgage, Inc.
9221 E VIA DE VENTURA
SCOTTSDALE, AZ 85258
* $ n/a 2 $ 1,400,000
Das Acquisition Company, LLC
12140 WOODCREST EXECUTIVE DRIVE, STE 150
SAINT LOUIS, MO 63141
* $ n/a 2 $ 680,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ n/a 2 $ 820,000
Honor Credit Union
EDGEWOOD RD
BERRIEN SPRINGS, MI 49103
* $ n/a 2 $ 290,000
Dow Credit Union
600 E. LYON ROAD P.O. BOX 1649
MIDLAND, MI 48641
* $ n/a 2 $ 360,000
Lendsure Mortgage Corp.
16959 BERNARDO CENTER DR, #102
SAN DIEGO, CA 92128
* $ n/a 2 $ 1,870,000
Pfcu
9077 CHARLOTTE HWY
PORTLAND, MI 48875
* $ n/a 2 $ 1,010,000
Communityamerica Federal Credit Union
9777 RIDGE DR
LENEXA, KS 66219
* $ n/a 2 $ 420,000
Keybank National Association
127 PUBLIC SQUARE
CLEVELAND, OH 44114
* $ n/a 2 $ 750,000
Connexus Credit Union
2600 PINE RIDGE
WAUSAU, WI 54401
* $ n/a 2 $ 130,000
American Heritage Lending, LLC
19800 MACARTHUR BLVD SUITE 950
IRVINE, CA 92612
* $ n/a 2 $ 570,000
Rf Renovo Management Company, LLC
222 W ADAMS ST #1980
CHICAGO, IL 60606
* $ n/a 2 $ 1,490,000
Florida Capital Bank, N.A
10151 DEERWOOD PARK BLVD. BLDG. 100 #200
JACKSONVILLE, FL 32256
* $ n/a 2 $ 1,980,000
Premier Bank
601 CLINTON STREET
YOUNGSTOWN, OH 44503
* $ n/a 2 $ 770,000
Nations Direct Mortgage, LLC
2475 VILLAGE VIEW DRIVE SUITE 100
HENDERSON, NV 89074
* $ n/a 2 $ 1,030,000
Elga Credit Union
2303 S. CENTER ROAD
GRAND BLANC, MI 48439
* $ n/a 2 $ 100,000
Lafcu
106 N MARKETPLACE BLVD
LANSING, MI 48917
* $ n/a 2 $ 2,570,000
Intercap Lending Inc
910 EAST 6600 SOUTH
SALT LAKE CITY, UT 84121
* $ n/a 2 $ 1,150,000
Beeline Loans, Inc.
188 VALLEY ST SUITE 225
PROVIDENCE, RI 02909
* $ n/a 2 $ 470,000
Lima One Capital, LLC
201 E. MCBEE AVE, SUITE 300
GREENVILLE, SC 29601
* $ n/a 2 $ 3,400,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ n/a 2 $ 790,000
Range Bank
100 N FRONT ST
MARQUETTE, MI 49855
* $ n/a 2 $ 70,000
Lakeview Community Capital
4425 PONE DE LEON BLVD, MS 5-251
CORAL GABLES, FL 33146
* $ n/a 2 $ 480,000
Equity Prime Mortgage LLC
5 CONCOURSE PKWY, STE 2250
ATLANTA, GA 30328
* $ n/a 2 $ 440,000
Synergy One Lending, Inc.
3131 CAMINO DEL RIO N. SUITE 150
SAN DIEGO, CA 92101
* $ n/a 2 $ 210,000
Quontic Bank
31-05 BROADWAY
ASTORIA, NY 11106
* $ n/a 2 $ 480,000
Towne Mortgage Company
888 WEST BIG BEAVER ROAD SUITE 310
TROY, MI 48084
* $ n/a 2 $ 760,000
West Michigan Community Bank
5367 SCHOOL AVE.
HUDSONVILLE, MI 49426
* $ n/a 2 $ 810,000
Macatawa Bank, N.A.

ROSEMONT, IL 60018
* $ n/a 2 $ 1,050,000
Consumer Real Estate Finance Co dba Society Mortgage
330 SW 2ND ST #111
FORT LAUDERDALE, FL 33312
* $ n/a 2 $ 380,000
Leaderone Financial Corp.
7500 COLLEGE BLVD SUITE 1150
OVERLAND PARK, KS 66210
* $ n/a 2 $ 490,000
Allied Mortgage Group, Inc
225 E. CITY AVENUE, SUITE 102
BALA CYNWYD, PA 19004
* $ n/a 2 $ 540,000
Gateway First Bank
244 SOUTH GATEWAY PLACE
JENKS, OK 74037
* $ n/a 2 $ 380,000
United Federal Credit Union
2807 SOUTH STATE ST
ST. JOSEPH, MI 49085
* $ n/a 2 $ 60,000
Numark Credit Union
1654 TERRY DR; P O BOX 2729
JOLIET, IL 60434
* $ n/a 1 $ 235,000
Oceanfirst Bank
975 HOOPER AVENUE
TOMS RIVER, NJ 08753
* $ n/a 1 $ 325,000
Proper Rate, LLC
1800 W LARCHMONT AVE
CHICAGO, IL 60613
* $ n/a 1 $ 285,000
Key Mortgage Services, Inc.
475 N. MARTINGALE RD. SUITE 100
SCHAUMBURG, IL 60173
* $ n/a 1 $ 365,000
Highpoint Community Bank
150 W COURT ST
HASTINGS, MI 49058
* $ n/a 1 $ 615,000
Johnson Bank
555 MAIN STREET SUITE 490
RACINE, WI 53403
* $ n/a 1 $ 225,000
North American Savings Bank
12498 S 71 HIGHWAY
GRANDVIEW, MO 64030
* $ n/a 1 $ 285,000
Farmers Insurance Federal Credit Union
4601 WILSHIRE BL. STE 110
BURBANK, CA 91504
* $ n/a 1 $ 45,000
Alliance Catholic Credit Union
26913 NORTHWESTERN HWY STE 520
FARMINGTON HILLS, MI 48334
* $ n/a 1 $ 765,000
Loan Funder LLC
645 MADISON AVENUE, 19TH FLOOR
NEW YORK, NY 10022
* $ n/a 1 $ 2,305,000
Blg Holdings, LLC
2353 S. LINDEN RD. SUITE A
FLINT, MI 48507
* $ n/a 1 $ 425,000
Credence Funding Corporation
1200 TECHNOLOGY DR SUITE A
ABERDEEN, MD 21001
* $ n/a 1 $ 275,000
Presidential Bank, FSB
4600 EAST WEST HIGHWAY, SUITE 400
BETHESDA, MD 20814
* $ n/a 1 $ 385,000
Servbank, N.A.
3201 ORCHARD RD
OSWEGO, IL 60543
* $ n/a 1 $ 265,000
Evergreen Bank Group
1515 22ND ST # 100
OAK BROOK, IL 60523
* $ n/a 1 $ 335,000
Bank of England
PO BOX 70
ENGLAND, AR 72046
* $ n/a 1 $ 225,000
Meridian Trust Federal Credit Union
PO BOX 548
CHEYENNE, WY 82003
* $ n/a 1 $ 175,000
Tower Federal Credit Union
7901 SANDY SPRING ROAD
LAUREL, MD 20707
* $ n/a 1 $ 45,000
Citadel Servicing Corporation
15707 ROCKFIELD BLVD STE 320
IRVINE, CA 92618
* $ n/a 1 $ 245,000
Lake Trust Credit Union
4605 S OLD US HIGHWAY 23
BRIGHTON, MI 48114
* $ n/a 1 $ 15,000
Notre Dame Federal Credit Union
P.O. BOX 7878
NOTRE DAME, IN 46556
* $ n/a 1 $ 175,000
Vibe Credit Union
1375 N OAKLAND BLVD
NOVI, MI 48377
* $ n/a 1 $ 65,000
Resicentral LLC
700 LARKSPUR LANDING CIRCLE SUITE 199-18
LARKSPUR, CA 94939
* $ n/a 1 $ 215,000
Home Mortgage Alliance Corp (Hmac)
4 HUTTON CENTER DR. SUITE 500
SANTA ANA, CA 92707
* $ n/a 1 $ 315,000
American 1 Credit Union
718 E. MICHIGAN AVE.
JACKSON, MI 49201
* $ n/a 1 $ 65,000
Acrisure Mortgage, LLC
189 S ORANGE AVE STE 970
ORLANDO, FL 32801
* $ n/a 1 $ 265,000
Hightechlending, Inc
2030 MAIN ST 350
IRVINE, CA 92614
* $ n/a 1 $ 135,000
Old Fort Banking Company
8034 MAIN STREET
OLD FORT, OH 44861
* $ n/a 1 $ 215,000
Centra Credit Union
3801 TUPELO DRIVE
COLUMBUS, IN 47201
* $ n/a 1 $ 345,000
Oaktree Funding Corp
1298 WEST 7TH STREET
CHANDLER, AZ 85226
* $ n/a 1 $ 255,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ n/a 1 $ 285,000
First Ciitizens Bank and Trust
4300 SIX FORKS ROAD FCC 21
RALEIGH, NC 27603
* $ n/a 1 $ 555,000
Chevron Federal Credit Union
2300 CLAYTON ROAD SUITE 700
CONCORD, CA 94520
* $ n/a 1 $ 305,000
Sistar Mortgage Company

STERLING HEIGHTS, MI 48367
* $ n/a 1 $ 205,000
1st Source Bank
P O BOX 1602 SUITE 400
SOUTH BEND, IN 46601
* $ n/a 1 $ 775,000
Builder Finance Inc
1418 N C AVE
SIOUX FALLS, SD 57103
* $ n/a 1 $ 655,000
Pacific Residential Mortgage, LLC
4949 MEADOWS ROAD SUITE 350
LAKE OSWEGO, OR 97035
* $ n/a 1 $ 475,000
Arvest Bank

TULSA, OK 74103
* $ n/a 1 $ 345,000
Riverside Bank of Dublin
555 METRO PL N STE 200
DUBLIN, OH 43017
* $ n/a 1 $ 155,000
Eastman Credit Union
P.O. BOX 1989
KINGSPORT, TN 37662
* $ n/a 1 $ 565,000
Capital Concepts Inc
11200 WESTHEIMER RD #150
HOUSTON, TX 77042
* $ n/a 1 $ 175,000
Community Choice Credit Union
31155 NORTHWESTERN HWY
FARMINGTON HILLS, MI 48334
* $ n/a 1 $ 85,000
Liberty Home Mortgage Corp
4401 ROCKSIDE RD 310
INDEPENDENCE, OH 44131
* $ n/a 1 $ 415,000
Chartwell Financial, LLC
2015 SPRING RD # 600
OAK BROOK, IL 60523
* $ n/a 1 $ 15,000
Service Federal Credit Union
3003 LAFAYETTE ROAD
PORTSMOUTH, NH 03801
* $ n/a 1 $ 135,000
American Airlines Federal Cred
4151 AMON CARTER BLVD
FORT WORTH, TX 76155
* $ n/a 1 $ 285,000
Temple View Capital Funding LP
7550 WISCONSIN AVE STE 1000
BETHESDA, MD 20814
* $ n/a 1 $ 175,000
Merchants Bank of Indiana
11555 N. MERIDIAN STREET
CARMEL, IN 46032
* $ n/a 1 $ 585,000
HSBC Bank USA, NA

CHICAGO, IL 60606
* $ n/a 1 $ 405,000
Nations Reliable Lending, LLC

HOUSTON, TX 77057
* $ n/a 1 $ 245,000
First National Bank of Omaha
1620 DODGE STREET
OMAHA, NE 68197
* $ n/a 1 $ 305,000
American Financial Resources LLC
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ n/a 1 $ 165,000
Compass Mortgage, Inc.
27755 DIEHL ROAD, STE 100
WARRENVILLE, IL 60555
* $ n/a 1 $ 405,000
M&T Bank
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14203
* $ n/a 1 $ 2,415,000
Inova Federal Credit Union
358 S ELKHART AVENUE
ELKHART, IN 46516
* $ n/a 1 $ 25,000
American Portfolio Mortgage Corporation
800 EAST NORTHWEST HIGHWAY
PALATINE, IL 60067
* $ n/a 1 $ 315,000
Glass City Federal Credit Union
1340 ARROWHEAD DRIVE
MAUMEE, OH 43537
* $ n/a 1 $ 185,000
Leader Bank NA
141 MASSACHUSETTS AVENUE
ARLINGTON, MA 02474
* $ n/a 1 $ 765,000
Guaranteed Rate Affinity, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ n/a 1 $ 285,000
First National Bank of Michigan
348 WEST MICHIGAN AVENUE
KALAMAZOO, MI 49007
* $ n/a 1 $ 1,065,000
Security Credit Union
5255 SECURITY PARK BLVD
HOLLY, MI 48442
* $ n/a 1 $ 55,000
Consumers Professional Credit Union
525 W WILLOW STREET
LANSING, MI 48906
* $ n/a 1 $ 255,000
Midwest Heritage Bank FSB
3580 EP TRUE PKWY, STE 100
WEST DES MOINES, IA 50265
* $ n/a 1 $ 695,000
Signature Bank, N.A.
4607 W. SYLVANIA AVE.
TOLEDO, OH 43623
* $ n/a 1 $ 1,335,000
Waterstone Mortgage Corporation
17950 W CORPORATE DR STE 100
BROOKFIELD, WI 53045
* $ n/a 1 $ 335,000
Residential Wholesale Mortgage
11234 EL CAMINO REAL #100
SAN DIEGO, CA 92130
* $ n/a 1 $ 495,000
Centier Bank
600 E 84TH AVENUE
MERRILLVILLE, IN 46410
* $ n/a 1 $ 195,000
Purdue Federal CU
1551 WIN HENTSCHEL BLVD., PO BOX 2433
WEST LAFAYETTE, IN 47906
* $ n/a 1 $ 325,000
Servis One, Inc
4200 REGENT BLVD SUIT B200
IRVING, TX 75063
* $ n/a 1 $ 285,000
Homeowners Financial Group, LLC
16427 N. SCOTTSDALE ROAD, SUITE 145
SCOTTSDALE, AZ 85251
* $ n/a 1 $ 1,495,000
Andrews Federal Credit Union
5711 ALLENTOWN ROAD
SUITLAND, MD 20746
* $ n/a 1 $ 375,000
United Home Loans, Inc.
1023 BURLINGTON AVE
WESTERN SPRINGS, IL 60558
* $ n/a 1 $ 335,000
Michigan Legacy Credit Union
144 E PIKE
WYANDOTTE, MI 48192
* $ n/a 1 $ 95,000
Sunflower Bank, N.A.
3025 CORTLAND CIRCLE - PO BOX 800
DALLAS, TX 75225
* $ n/a 1 $ 195,000
Hometown Equity Mortgage, LLC
25531 COMMERCENTRE DRIVE SUITE 250
LAKE FOREST, CA 92630
* $ n/a 1 $ 1,615,000
Bellwether Enterprise Real Estate Capital, LLC
1360 E. 9TH STREET SUITE 300
CLEVELAND, OH 44114
* $ n/a 1 $ 4,485,000
Greenstone Farm Credit Services
5285 W US-223
EAST LANSING, MI 48823
* $ n/a 1 $ 55,000
Scott Credit Union
101 CREDIT UNION WAY
EDWARDSVILLE, IL 62025
* $ n/a 1 $ 85,000
University Credit Union
1500 S. SEPULVEDA BLVD.
LOS ANGELES, CA 90025
* $ n/a 1 $ 305,000
Meijer Credit Union
2410 GAYNOR AVE. NW
GRAND RAPIDS, MI 49544
* $ n/a 1 $ 15,000
Eaton Community Bank
236 S. COCHRAN AVENUE, P.O. BOX 219
CHARLOTTE, MI 48813
* $ n/a 1 $ 545,000
1st State Bank
PO BOX 1468
SAGINAW, MI 48605
* $ n/a 1 $ 1,845,000
Mission Loans, LLC

IRVINE, CA 92612
* $ n/a 1 $ 55,000
Teachers Federal Credit Union
102 MOTOR PARKWAY
HAUPPAUGE, NY 11788
* $ n/a 1 $ 115,000
First Western Federal Savings Bank
P.O. BOX 1435
RAPID CITY, SD 57701
* $ n/a 1 $ 125,000
Northern Mortgage Services, LLC
3714 28TH ST SW
GRANDVILLE, MI 49418
* $ n/a 1 $ 305,000
Sun West Mortgage Company, Inc
18000 STUDEBAKER ROAD, SUITE 200
CERRITOS, CA 90703
* $ n/a 1 $ 285,000
T2 Financial LLC
480 OLDE WORTHINGTON RD SUITE 300
WESTERVILLE, OH 43082
* $ n/a 1 $ 225,000
Cornerstone First Mortgage, LLC
2655 CAMINO DEL RIO N #450
SAN DIEGO, CA 92108
* $ n/a 1 $ 505,000
Superior National Bank
235 QUINCY ST
HANCOCK, MI 49930
* $ n/a 1 $ 185,000
Prosperity Home Mortgage, LLC
14501 GEORGE CARTER WAY SUITE 300
CHANTILLY, VA 20151
* $ n/a 1 $ 265,000
Loanunited.Com, LLC
3235 SATELLITE BLVD SUITE 314
DULUTH, GA 30096
* $ n/a 1 $ 545,000
Community First National Bank
215 S SETH CHILD RD
MANHATTAN, KS 66502
* $ n/a 1 $ 455,000
Sun Federal Credit Union
1627 HOLLAND ROAD
MAUMEE, OH 43537
* $ n/a 1 $ 35,000
Financial Partners Credit Unio
7800 E. IMPERIAL HIGHWAY
DOWNEY, CA 90241
* $ n/a 1 $ 285,000
Members First Credit Union
PO BOX 2165
MIDLAND, MI 48640
* $ n/a 1 $ 135,000
Elements Financial Federal Cre
225 S EAST ST, SUITE 300
INDIANAPOLIS, IN 46202
* $ n/a 1 $ 435,000
Kellogg Community Credit Union
41 SECOND ST
BATTLE CREEK, MI 49014
* $ n/a 1 $ 665,000
The Mortgage Link, Inc.
3 RESEARCH PL #100
ROCKVILLE, MD 20850
* $ n/a 1 $ 535,000
Atlantic Coast Mortgage, LLC
4100 MONUMENT CORNER DRIVE, SUITE 300
FAIRFAX, VA 22030
* $ n/a 1 $ 285,000
Jmac Lending, Inc.
2510 RED HILL AVENUE
SANTA ANA, CA 92705
* $ n/a 1 $ 1,195,000
Clearedge Lending LLC
20 ENTERPRISE SUITE 350
ALISO VIEJO, CA 92656
* $ n/a 1 $ 475,000
Sturgis Bank & Trust
113-125 E CHICAGO RD
STURGIS, MI 49091
* $ n/a 1 $ 105,000
Homestead Funding Corp.
8 AIRLINE DRIVE
ALBANY, NY 12205
* $ n/a 1 $ 345,000
Jolt Credit Union
6180 STATE STREET
SAGINAW, MI 48603
* $ n/a 1 $ 165,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ n/a 1 $ 365,000
Fnbc Bank and Trust
620 W BURLINGTON AVE
LAGRANGE, IL 60525
* $ n/a 1 $ 495,000
Bank of Colorado
1609 EAST HARMONY RD
FORT COLLINS, CO 80525
* $ n/a 1 $ 3,435,000
Northwest Federal Credit Union
220 SPRING STREET
HERNDON, VA 20170
* $ n/a 1 $ 795,000
Mms Mortgage Services, Ltd.
38275 TWELVE MILE RD., SUITE 100
FARMINGTON HILLS, MI 48331
* $ n/a 1 $ 335,000
Grand River Bank
4471 WILSON AVENUE SW
GRANDVILLE, MI 49418
* $ n/a 1 $ 535,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ n/a 1 $ 135,000
First Western Trust Bank
1900 16TH STREET SUITE #500
DENVER, CO 80202
* $ n/a 1 $ 285,000
Farmers Bank & Trust
1017 HARRISON
GREAT BEND, KS 67530
* $ n/a 1 $ 475,000
Originpoint, LLC
1800 W LARCHMONT AVE SUITE 305
CHICAGO, IL 60613
* $ n/a 1 $ 225,000
Panorama Mortgage Group, LLC
350 RAMPART BOULEVARD SUITE 310
LAS VEGAS, NV 89113
* $ n/a 1 $ 245,000
Union Savings Bank
8534 E KEMPER RD
CINCINNATI, OH 45249
* $ n/a 1 $ 425,000
Wings Financial Credit Union
14985 GLAZIER AVENUE
APPLE VALLEY, MN 55124
* $ n/a 1 $ 25,000
Heartland Bank
430 N HAMILTON ROAD
WHITEHALL, OH 43213
* $ n/a 1 $ 385,000
Foundation Mortgage Corporation
1680 MICHIGAN AVE SUITE 700
MIAMI BEACH, FL 33139
* $ n/a 1 $ 605,000
Kiavi Funding, Inc.
315 MONTGOMERY STREET 16TH FLOOR
SAN FRANCISCO, CA 94104
* $ n/a 1 $ 295,000

The tables below break down 2024 mortgage applications in Traverse City, MI metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Traverse City, MI in 2024

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 2,596 $980,760,000 $377,000 $7,125,000 $190,000 $6,056,000
Cash-out Refinancing 1,036 $240,290,000 $231,000 $2,505,000 $119,000 $6,339,000
Other Purpose 870 $128,980,000 $148,000 $3,405,000 $130,000 $2,063,000
Home Improvement 848 $89,790,000 $105,000 $775,000 $127,000 $2,018,000
Refinancing 824 $232,660,000 $282,000 $4,485,000 $158,000 $3,192,000
Not Applicable 4 $1,050,000 $262,000 $455,000 $314,000 $442,000

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 4,801 $1,268,485,000 $264,000 $3,455,000 $155,000 $6,056,000
Not Provided 857 $211,815,000 $247,000 $2,405,000 $162,000 $6,339,000
Not applicable 277 $133,425,000 $481,000 $7,125,000 $385,000 $1,730,000
Hispanic 121 $30,965,000 $255,000 $1,555,000 $139,000 $550,000
American Indian or Alaskan Native 63 $13,405,000 $212,000 $1,595,000 $104,000 $953,000
Asian 35 $10,415,000 $297,000 $1,025,000 $202,000 $830,000
Black or African American 18 $4,130,000 $229,000 $1,335,000 $155,000 $665,000
Native Hawaiian or Other Pacific Islander 6 $890,000 $148,000 $285,000 $89,000 $238,000

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) 5,358 $1,432,360,000 $267,000 $7,125,000 $164,000 $6,339,000
FHA-insured (Federal Housing Administration) 481 $118,355,000 $246,000 $675,000 $76,000 $400,000
VA-guaranteed (Veterans Administration) 326 $115,120,000 $353,000 $1,365,000 $104,000 $450,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 13 $7,695,000 $591,000 $4,485,000 $92,000 $180,000

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 3,660 $1,063,820,000 $290,000 $6,005,000 $172,000 $6,056,000
Application Denied By Financial Institution 1,007 $205,655,000 $204,000 $7,125,000 $110,000 $6,339,000
Application Withdrawn By Applicant 866 $234,360,000 $270,000 $3,455,000 $147,000 $1,600,000
File Closed For Incompleteness 233 $55,445,000 $237,000 $2,505,000 $129,000 $1,710,000
Loan Purchased By The Institution 209 $73,435,000 $351,000 $1,435,000 $309,000 $1,730,000
Application Approved But Not Accepted 178 $30,110,000 $169,000 $985,000 $132,000 $824,000
Preapproval Approved but not Accepted 19 $5,785,000 $304,000 $655,000 $138,000 $440,000
Preapproval Denied by Financial Institution 6 $4,920,000 $820,000 $1,635,000 $303,000 $602,000

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 4,953 $1,394,445,000 $281,000 $6,005,000 $164,000 $6,056,000
Debt-To-Income Ratio 580 $153,350,000 $264,000 $2,125,000 $114,000 $2,018,000
Credit History 233 $40,995,000 $175,000 $7,125,000 $99,000 $1,296,000
Collateral 164 $35,830,000 $218,000 $2,105,000 $142,000 $1,105,000
Credit Application Incomplete 114 $21,280,000 $186,000 $1,615,000 $116,000 $700,000
Other 80 $15,080,000 $188,000 $695,000 $146,000 $818,000
Unverifiable Information 29 $4,255,000 $146,000 $505,000 $77,000 $329,000
Insufficient Cash (Downpayment, Closing Cost) 15 $6,195,000 $413,000 $2,405,000 $541,000 $6,339,000
Employment History 10 $2,100,000 $210,000 $595,000 $111,000 $392,000
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.

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