Gratiot County MI
Mortgage Loan Application
Totals and Details
for 2019

Find mortgage statistics and lending data for the Gratiot County MI metro area.
With the lists below, you can explore the total number of mortgage applications and mortgage lending details for 2003-2022.
We provide overall totals and averages for each year, as well as numbers for the highest application amount and the highest applicant income.
If you live near Gratiot County MI, this may help give you an idea of what you might find when you begin your mortgage research. Use the mortgage lender list and statistics below to gain valuable insights.

Years 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 1,268
Total Mortgage Loan Application Amount $131,780,000
Average Mortgage Loan Application Amount $103,000
Highest Mortgage Loan Application Amount $4,555,000
Average Applicant Income $62,000
Highest Applicant Income $750,000

Mortgage Company List for Lending in Gratiot County MI for 2019

* 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
MERCANTILE BANK OF MICHIGAN
310 LEONARD ST NW
GRAND RAPIDS, MI 49504
* $ 3,344,251,000 186 $ 17,730,000
COMMERCIAL BANK
301 N. STATE ST
ALMA, MI 48801
* $ 526,700,000 96 $ 11,230,000
ISABELLA BANK
139 E. BROADWAY
MT. PLEASANT, MI 48858
* $ 1,784,227,000 68 $ 8,160,000
ACADEMY MORTGAGE CORPORATION
339 WEST 13490 SOUTH
DRAPER, UT 84020
* $ -1,000 58 $ 4,690,000
THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL EA5C242
COLUMBUS, OH 43219
* $ 108,672,320,000 54 $ 3,900,000
CHEMICAL BANK
333 E MAIN STREET
MIDLAND, MI 48640
* $ 21,460,393,000 39 $ 3,225,000
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION
3777 WEST ROAD
EAST LANSING, MI 48823
* $ 4,229,818,000 36 $ 4,270,000
21ST MORTGAGE CORPORATION
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 35 $ 1,075,000
TCF NATIONAL BANK
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 23,708,028,000 22 $ 3,020,000
FREEDOM MORTGAGE CORPORATION
10500 KINCAID DRIVE
FISHERS, IN 46037
* $ -1,000 22 $ 2,830,000
FIFTH THIRD BANK, NATIONAL ASSOCIATION
38 FOUNTAIN SQUARE MD1090K1
CINCINNATI, OH 45263
* $ 144,453,358,000 21 $ 2,005,000
FLAGSTAR BANK, FSB
5151 CORPORATE DRIVE
TROY, MI 48098
* $ 18,466,868,000 20 $ 2,020,000
MEMBERS FIRST CREDIT UNION
PO BOX 2165
MIDLAND, MI 48641
* $ 488,731,000 20 $ 920,000
WELLS FARGO BANK, NATIONAL ASSOCIATION
100 N MAIN STREET MAC D4001-042
WINSTON-SALEM, NC 27150
* $ 1,689,351,000,000 18 $ 5,900,000
PENNYMAC LOAN SERVICES, LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 18 $ 1,940,000
UNION HOME MORTGAGE CORP.
8241 DOW CIRCLE
STRONGSVILLE, OH 44136
* $ -1,000 17 $ 1,385,000
MEMBER FIRST MORTGAGE, LLC
616 44TH STREET SE
GRAND RAPIDS, MI 49548
* $ -1,000 16 $ 1,340,000
NATIONSTAR MORTGAGE LLC
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 15 $ 1,715,000
MORTGAGE CENTER L.C
29621 NORTHWESTERN HWY
SOUTHFIELD, MI 48034
* $ -1,000 13 $ 1,345,000
GREENSTONE FARM CREDIT SERVICES, FLCA
3515 WEST RD
EAST LANSING, MI 48823
* $ -1,000 12 $ 2,190,000
CALIBER HOME LOANS, INC.
1525 S. BELTLINE ROAD
COPPELL, TX 75019
* $ -1,000 12 $ 1,360,000
DOW CHEMICAL EMPLOYEES'
600 E. LYON ROAD P.O. BOX 1649
MIDLAND, MI 48641
* $ 1,628,364,000 11 $ 1,115,000
TOWNE MORTGAGE COMPANY
2170 E. BIG BEAVER ROAD, SUITE A
TROY, MI 48083
* $ -1,000 11 $ 1,205,000
BLG HOLDINGS, INC.
2353 S. LINDEN RD. SUITE A
FLINT, MI 48532
* $ -1,000 11 $ 1,145,000
MICHIGAN ONE COMMUNITY CREDIT UNION
510 S DEXTER ST.
IONIA, MI 48846
* $ 119,014,000 10 $ 580,000
DITECH FINANCIAL LLC
1100 VIRGINIA DRIVE, SUITE 100
FORT WASHINGTON, PA 19034
* $ -1,000 10 $ 820,000
DISCOVER BANK
12 READS WAY
NEW CASTLE, DE 19720
* $ 108,015,112,000 10 $ 430,000
AMERIFIRST FINANCIAL CORPORATION
950 TRADE CENTRE WAY SUITE 400
KALAMAZOO, MI 49009
* $ -1,000 9 $ 1,125,000
INDEPENDENT BANK
4200 EAST BELTLINE
GRAND RAPIDS, MI 49525
* $ 3,356,129,000 9 $ 1,135,000
CITIZENS BANK, NATIONAL ASSOCIATION
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 129,426,633,000 9 $ 405,000
THE DART BANK
368 S. PARK ST.
MASON, MI 48854
* $ 454,157,000 8 $ 1,470,000
LOANDEPOT.COM, LLC
26642 TOWNE CENTRE DRIVE
FOOTHILL RANCH, CA 92610
* $ -1,000 8 $ 930,000
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 2,218,960,000,000 8 $ 510,000
MORTGAGE RESEARCH CENTER, LLC
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 8 $ 890,000
NEW DAY FINANCIAL, LLC
8160 MAPLE LAWN BLVD.
FULTON, MD 20759
* $ -1,000 8 $ 1,170,000
AMERIHOME MORTGAGE COMPANY, LLC
21215 BURBANK BLVD, SUITE 400
WOODLAND HILLS, CA 91367
* $ -1,000 8 $ 1,160,000
ROYAL UNITED MORTGAGE LLC
7999 KNUE RD. STE 300
INDIANAPOLIS, IN 46250
* $ -1,000 7 $ 645,000
MMS MORTGAGE SERVICES, LTD.
38275 TWELVE MILE RD., SUITE 100
FARMINGTON HILLS, MI 48331
* $ -1,000 7 $ 525,000
USAA FEDERAL SAVINGS BANK
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 81,602,818,000 7 $ 765,000
TRIAD FINANCIAL SERVICES, INC.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ -1,000 7 $ 205,000
PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 370,500,928,000 6 $ 1,030,000
LAKE MICHIGAN CREDIT UNION
PO BOX 2848
GRAND RAPIDS, MI 49501
* $ 6,064,106,000 6 $ 670,000
MOVEMENT MORTGAGE, LLC
8024 CALVIN HALL ROAD
INDIAN LAND, SC 29707
* $ -1,000 6 $ 560,000
FIRST GUARANTY MORTGAGE CORPORATION
1900 GALLOWS ROAD, SUITE 800
TYSONS CORNER, VA 22182
* $ -1,000 6 $ 570,000
STOCKTON MORTGAGE CORPORATION
88 C MICHAEL DAVENPORT BLVD.
FRANKFORT, KY 40601
* $ -1,000 5 $ 545,000
LAKEVIEW LOAN SERVICING, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 5 $ 625,000
NEIGHBORHOOD LOANS, INC.
55 W. 22ND STREET SUITE 130
LOMBARD, IL 60148
* $ -1,000 5 $ 485,000
UNITED SHORE FINANCIAL SERVICES, LLC
1414 EAST MAPLE ROAD
TROY, MI 48083
* $ -1,000 5 $ 665,000
MIDFIRST BANK
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 17,230,779,000 5 $ 335,000
VAN DYK MORTGAGE CORPORATION
2449 CAMELOT CT SE
GRAND RAPIDS, MI 49546
* $ -1,000 5 $ 595,000
WILDFIRE CREDIT UNION
6640 BAY RD
SAGINAW, MI 48604
* $ 769,220,000 5 $ 325,000
NEWREZ LLC
4000 CHEMICAL ROAD SUITE 200
PLYMOUTH MEETING, PA 19462
* $ -1,000 4 $ 560,000
HOME POINT FINANCIAL CORPORATION
1194 OAK VALLEY DRIVE, SUITE 80
ANN ARBOR, MI 48108
* $ -1,000 4 $ 430,000
THE MONEY SOURCE INC.
135 MAXESS ROAD
MELVILLE, NY 11747
* $ -1,000 4 $ 410,000
LAFCU
106 N MARKETPLACE BLVD
LANSING, MI 48917
* $ 694,268,000 4 $ 400,000
AMERICAN FINANCIAL NETWORK, INC.
10 POINTE DRIVE, SUITE 330
BREA, CA 92821
* $ -1,000 4 $ 540,000
CARRINGTON MORTGAGE SERVICES, LLC
1600 SO. DOUGLASS RD, SUITES 110 & 200A
ANAHEIM, CA 92806
* $ -1,000 4 $ 260,000
WANIGAS CREDIT UNION
4026 SHATTUCK RD
SAGINAW, MI 48603
* $ 325,628,000 4 $ 290,000
LAKE TRUST CREDIT UNION
4605 S OLD US HIGHWAY 23
BRIGHTON, MI 48114
* $ 1,860,352,000 4 $ 210,000
AMERICAN FINANCIAL RESOURCES, INC.
9 SYLVAN WAY
PARSIPPANY, NJ 07054
* $ -1,000 4 $ 410,000
FRANKENMUTH CREDIT UNION
580 N. MAIN ST., PO BOX 209
FRANKENMUTH, MI 48734
* $ 651,967,000 4 $ 300,000
MORTGAGE 1 INCORPORATED
43456 MOUND ROAD
STERLING HEIGHTS, MI 49314
* $ -1,000 3 $ 305,000
J. VIRGIL, INC.
G3404 MILLER ROAD
FLINT, MI 48507
* $ -1,000 3 $ 475,000
BARRINGTON BANK & TRUST COMPANY, N.A.
201 S. HOUGH STREET
BARRINGTON, IL 60010
* $ 2,135,647,000 3 $ 395,000
FAY SERVICING, LLC
400 S. LA SALLE STREET, STE 2000
CHICAGO, IL 60605
* $ -1,000 3 $ 505,000
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 459,476,604,000 3 $ 195,000
ASTERA
5615 W SAGINAW HWY
LANSING, MI 48917
* $ 149,433,000 3 $ 35,000
NAVY FEDERAL CREDIT UNION
820 FOLLIN LANE
VIENNA, VA 22180
* $ 96,962,446,000 3 $ 375,000
CHERRY CREEK MORTGAGE, LLC
7600 E ORCHARD ROAD, SUITE 250 -N
GREENWOOD VILLAGE, CO 80111
* $ -1,000 3 $ 475,000
OXFORD BANK & TRUST
1111 W. 22ND STREET #800
OAK BROOK, IL 60523
* $ 560,757,000 2 $ 90,000
CHURCHILL MORTGAGE CORPORATION
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 2 $ 210,000
PHH MORTGAGE CORPORATION
1 MORTGAGE WAY
MT LAUREL, NJ 08054
* $ -1,000 2 $ 180,000
PLAZA HOME MORTGAGE, INC.
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 2 $ 210,000
ADVIA
550 S RIVERVIEW DR
PARCHMENT, MI 49004
* $ 1,749,023,000 2 $ 40,000
INLANTA MORTGAGE, INC.
W239 N3490 PEWAUKEE ROAD, STE.200
PEWAUKEE, WI 53072
* $ -1,000 2 $ 170,000
ELGA CREDIT UNION
2303 S. CENTER ROAD
BURTON, MI 48519
* $ 660,586,000 2 $ 140,000
TIAA, FSB
501 RIVERSIDE AVENUE
JACKSONVILLE, FL 32202
* $ 36,899,806,000 2 $ 140,000
SIDNEY STATE BANK
3016 SIDNEY
SIDNEY, MI 48885
* $ 74,805,000 2 $ 100,000
COMMUNITY FINANCIAL CREDIT UNION
500 S HARVEY ST
PLYMOUTH, MI 48170
* $ 932,018,000 2 $ 180,000
PFCU
9077 CHARLOTTE HWY
PORTLAND, MI 48875
* $ 533,428,000 2 $ 330,000
STATE FARM BANK, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 16,933,790,000 2 $ 80,000
BROKER SOLUTIONS, INC.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 2 $ 280,000
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
100 PHOENIX DR, STE 300
ANN ARBOR, MI 48108
* $ -1,000 2 $ 200,000
NORTHPOINTE BANK
3333 DEPOSIT DRIVE NE
GRAND RAPIDS, MI 49546
* $ 1,279,654,000 2 $ 130,000
COMMUNITY FIRST
9637 N GREENVILLE RD
LAKEVIEW, MI 48850
* $ 62,021,000 2 $ 190,000
ROSS MORTGAGE CORPORATION
2075 W. BIG BEAVER, SUITE 700
TROY, MI 48084
* $ -1,000 2 $ 270,000
COMERICA BANK
411 W LAFAYETTE BLVD
DETROIT, MI 48226
* $ 70,737,276,000 2 $ 220,000
VILLAGE CAPITAL & INVESTMENT LLC
2863 ST. ROSE PARKWAY
HENDERSON, NV 89052
* $ -1,000 2 $ 240,000
EMPEOPLE CREDIT UNION
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,039,284,000 2 $ 180,000
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
3701 ARCO CORPORATE DR., SUITE 200
CHARLOTTE, NC 28273
* $ -1,000 2 $ 160,000
AMERICAN ADVISORS GROUP
3800 W.CHAPMAN SUITE 300
ORANGE, CA 92868
* $ -1,000 2 $ 70,000
HFG HOLDINGS, LLC
888 W BIG BEAVER RD, SUITE 800
TROY, MI 48084
* $ -1,000 2 $ 210,000
LENDERLIVE NETWORK, LLC
710 S ASH
GLENDALE, CO 80246
* $ -1,000 2 $ 220,000
BANK OF AMERICA, NATIONAL ASSOCIATION
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,782,639,000,000 2 $ 180,000
1ST STATE FINANCIAL, LTD.
PO BOX 1468
SAGINAW, MI 48605
* $ 283,186,000 1 $ 155,000
VIBE CREDIT UNION
1375 N OAKLAND BLVD
WATERFORD, MI 48327
* $ 361,698,000 1 $ 25,000
FIRST FEDERAL BANK OF KANSAS CITY
6900 EXECUTIVE DR
KANSAS CITY, MO 64120
* $ 820,261,000 1 $ 345,000
CIBM BANK
2913 KIRBY AVE
CHAMPAIGN, IL 61821
* $ 716,388,000 1 $ 155,000
WEST MICHIGAN CREDIT UNION
1319 FRONT AVE NW
GRAND RAPIDS, MI 49504
* $ 164,916,000 1 $ 45,000
THUMB BANK AND TRUST
7254 MICHIGAN AVE., P.O. BOX 560
PIGEON, MI 48755
* $ 262,070,000 1 $ 15,000
J.G. WENTWORTH HOME LENDING, LLC
3350 COMMISSION COURT
WOODBRIDGE, VA 22192
* $ -1,000 1 $ 55,000
COPOCO COMMUNITY CREDIT UNION
4265 E WILDER RD
BAY CITY, MI 48706
* $ 96,817,000 1 $ 105,000
KELLER MORTGAGE, LLC
4725 LAKEHURST CT SUITE 400
DUBLIN, OH 43016
* $ -1,000 1 $ 285,000
EMBRACE HOME LOANS, INC.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ -1,000 1 $ 45,000
GUARANTEED RATE, INC.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 95,000
TEAM ONE CREDIT UNION
520 HAYDEN
SAGINAW, MI 48607
* $ 518,805,000 1 $ 25,000
RIVER VALLEY CREDIT UNION
PO BOX 493
ADA, MI 49301
* $ 91,583,000 1 $ 15,000
BM REAL ESTATE SERVICES, INC.
5016 N PARKWAY CALABASAS
CALABASAS, CA 91302
* $ -1,000 1 $ 195,000
SPRING EQ, LLC
2929 ARCH ST
PHILADELPHIA, PA 19104
* $ -1,000 1 $ 45,000
OCWEN LOAN SERVICING, LLC
1661 WORTHINGTION ROAD SUITE 100
WEST PALM BEACH, FL 33409
* $ -1,000 1 $ 85,000
PACIFIC UNION FINANCIAL, LLC
8900 FREEPORT PKWY, STE 150
IRVING, TX 75063
* $ -1,000 1 $ 65,000
READYCAP COMMERCIAL, LLC
1320 GREENWAY DR #560
IRVING, TX 75038
* $ -1,000 1 $ 1,505,000
MANUFACTURERS AND TRADERS TRUST COMPANY
701 SENECA STREET - SUITE 330N
BUFFALO, NY 14210
* $ 119,636,147,000 1 $ 85,000
CASE
4316 S PENNSYLVANIA AVE
LANSING, MI 48911
* $ 287,435,000 1 $ 75,000
TOP FLITE FINANCIAL, INC.
123 E GRAND RIVER AVE
WILLIAMSTON, MI 48895
* $ -1,000 1 $ 195,000
PLANET HOME LENDING, LLC
321 RESEARCH PARKWAY STE 300
MERIDEN, CT 06540
* $ -1,000 1 $ 185,000
BETTER MORTGAGE CORPORATION
459 BROADWAY, FLOOR 5
NEW YORK, NY 10013
* $ -1,000 1 $ 85,000
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 1 $ 115,000
CREDIT UNION ONE
400 E NINE MILE RD
FERNDALE, MI 48220
* $ 1,190,826,000 1 $ 25,000
MICHIGAN SCHOOLS AND GOVERNMENT
40400 GARFIELD ROAD
CLINTON TOWNSHIP, MI 48038
* $ 2,035,661,000 1 $ 45,000
FIRST COMMUNITY MORTGAGE, INC.
275 ROBERT ROSE DRIVE
MURFREESBORO, TN 37129
* $ -1,000 1 $ 55,000
CITADEL SERVICING CORPORATION
15707 ROCKFIELD BLVD STE 320
IRVINE, CA 92618
* $ -1,000 1 $ 145,000
PRIMELENDING, A PLAINSCAPITAL COMPANY
18111 PRESTON ROAD SUITE 900
DALLAS, TX 75252
* $ -1,000 1 $ 85,000
CHOU TEAM REALTY, LLC
25391 COMMERCENTRE DRIVE
LAKE FOREST, CA 92630
* $ -1,000 1 $ 145,000
ASSOCIATED BANK, NATIONAL ASSOCIATION
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 33,604,332,000 1 $ 235,000
BANKUNITED, NATIONAL ASSOCIATION
7815 NW 148TH STREET
MIAMI LAKES, FL 33016
* $ 32,077,582,000 1 $ 65,000
HOMEWARD RESIDENTIAL, INC.
16675 ADDISON ROAD
ADDISON, TX 75001
* $ -1,000 1 $ 85,000
CROSSCOUNTRY MORTGAGE, INC.
6850 MILLER RD
BRECKSVILLE, OH 44141
* $ -1,000 1 $ 255,000
AAC CREDIT UNION
904 BROADWAY NW
GRAND RAPIDS, MI 49504
* $ 143,224,000 1 $ 75,000
GUARANTEED RATE AFFINITY, LLC
1800 WEST LARCHMONT AVE
CHICAGO, IL 60613
* $ -1,000 1 $ 135,000
LOWER, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 1 $ 65,000
SUCCESS MORTGAGE PARTNERS, INC.
1200 S. SHELDON RD.
PLYMOUTH, MI 48170
* $ -1,000 1 $ 105,000
RUOFF MORTGAGE COMPANY, INC.
1700 MAGNAVOX WAY SUITE 220
FORT WAYNE, IN 46804
* $ -1,000 1 $ 75,000

The HDMA data totals below provide details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicants, loan type, the outcome of the application, and reason for denial. Each category breaks down the total number of mortgage applications and the total dollar amount for those applications. You can search and sort the totals by the average mortgage amount, the highest mortgage within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants. If you are looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Mortgage Loan Application Detail Totals for Gratiot County MI 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 686 $71,840,000 $104,000 $575,000 $57,000 $679,000
Cash-out Refinancing 223 $22,685,000 $101,000 $515,000 $67,000 $406,000
Refinancing 201 $28,335,000 $140,000 $4,555,000 $71,000 $750,000
Other Purpose 80 $5,170,000 $64,000 $1,505,000 $64,000 $300,000
Home Improvement 63 $2,605,000 $41,000 $275,000 $62,000 $250,000
Not Applicable 15 $1,145,000 $76,000 $185,000 $33,000 $33,000

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 1,009 $101,865,000 $100,000 $4,555,000 $61,000 $750,000
Not Provided 113 $11,755,000 $104,000 $425,000 $64,000 $318,000
Not applicable 102 $13,850,000 $135,000 $1,745,000 $59,000 $142,000
Hispanic 36 $3,590,000 $99,000 $345,000 $69,000 $393,000
American Indian or Alaskan Native 4 $570,000 $142,000 $235,000 $105,000 $178,000
Black or African American 3 $85,000 $28,000 $45,000 $60,000 $95,000
Native Hawaiian or Other Pacific Islander 1 $65,000 $65,000 $65,000 $58,000 $58,000
Asian 0 $0 $0 $0 $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) 856 $88,320,000 $103,000 $4,555,000 $67,000 $750,000
FHA-insured (Federal Housing Administration) 219 $21,685,000 $99,000 $305,000 $47,000 $169,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 105 $9,365,000 $89,000 $155,000 $40,000 $119,000
VA-guaranteed (Veterans Administration) 88 $12,410,000 $141,000 $345,000 $58,000 $144,000

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 721 $75,225,000 $104,000 $1,745,000 $66,000 $750,000
Application Denied By Financial Institution 229 $22,225,000 $97,000 $4,555,000 $51,000 $318,000
Application Withdrawn By Applicant 144 $16,850,000 $117,000 $1,505,000 $62,000 $225,000
Loan Purchased By The Institution 103 $10,865,000 $105,000 $345,000 $56,000 $142,000
File Closed For Incompleteness 43 $3,765,000 $87,000 $275,000 $47,000 $112,000
Application Approved But Not Accepted 24 $1,880,000 $78,000 $185,000 $60,000 $340,000
Preapproval Approved but not Accepted 3 $395,000 $131,000 $155,000 $78,000 $97,000
Preapproval Denied by Financial Institution 1 $575,000 $575,000 $575,000 $213,000 $213,000

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 938 $97,550,000 $103,000 $1,745,000 $63,000 $750,000
Debt-To-Income Ratio 165 $16,565,000 $100,000 $515,000 $59,000 $393,000
Credit History 73 $4,365,000 $59,000 $275,000 $53,000 $195,000
Collateral 50 $9,670,000 $193,000 $4,555,000 $70,000 $318,000
Credit Application Incomplete 13 $1,275,000 $98,000 $205,000 $102,000 $300,000
Other 13 $1,205,000 $92,000 $205,000 $42,000 $78,000
Employment History 7 $545,000 $77,000 $165,000 $48,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 5 $365,000 $73,000 $95,000 $38,000 $65,000
Unverifiable Information 4 $240,000 $60,000 $105,000 $21,000 $43,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

We hope these details for mortgage applications and lending 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 refinancing, or for home improvement loan statistics, we have the information you need. With this info, you know what to look for as you look for the best home mortgages available to you - no surprises later on down the line. These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender.

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