Dfcu Financial
Mortgage Loan Application
Totals and Details
for 2022

Find mortgage loan statistics, lending data, and loan application totals for Michigan.
The mortgage statistics and data below are specific to mortgage loan applications for Dfcu Financial.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Dfcu Financial
400 Town Center Drive
Dearborn, MI 48126
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 4,647
Total Mortgage Loan Application Amount $637,995,000
Average Mortgage Loan Application Amount $143,600
Highest Mortgage Loan Application Amount $1,005,000
Average Applicant Income $111,800
Highest Applicant Income $4,056,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in MI, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Mortgage Loan Application Totals for Dfcu Financial by Metropolitan Area in 2022

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
DETROIT-DEARBORN-LIVONIA, MI 2,047 $ 212,795,000 $ 103,000 $ 99,000
WARREN-TROY-FARMINGTON HILLS, MI 1,137 $ 166,615,000 $ 146,000 $ 131,000
ANN ARBOR, MI 351 $ 50,005,000 $ 142,000 $ 128,000
GRAND RAPIDS-WYOMING, MI 163 $ 11,775,000 $ 72,000 $ 77,000
NA (OUTSIDE OF MSA/MD) 139 $ 20,715,000 $ 103,333 $ 70,000
LANSING-EAST LANSING, MI 82 $ 4,310,000 $ 52,000 $ 81,000
MONROE, MI 62 $ 8,260,000 $ 133,000 $ 110,000
JACKSON, MI 25 $ 3,465,000 $ 138,000 $ 89,000
FLINT, MI 17 $ 1,775,000 $ 104,000 $ 110,000
MUSKEGON, MI 9 $ 1,175,000 $ 130,000 $ 95,000
KALAMAZOO-PORTAGE, MI 4 $ 190,000 $ 47,000 $ 103,000
PROVO-OREM, UT 3 $ 515,000 $ 171,000 $ 93,000
BAY CITY, MI 2 $ 140,000 $ 70,000 $ 62,000
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2 $ 310,000 $ 155,000 $ 141,000
NORTH PORT-SARASOTA-BRADENTON, FL 2 $ 20,000 $ 10,000 $ 117,000
SALT LAKE CITY, UT 2 $ 290,000 $ 145,000 $ 129,000
AUSTIN-ROUND ROCK, TX 1 $ 355,000 $ 355,000 $ 240,000
BARNSTABLE TOWN, MA 1 $ 105,000 $ 105,000 $ 325,000
BOSTON, MA 1 $ 105,000 $ 105,000 $ 103,000
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 1 $ 305,000 $ 305,000 $ 474,000
CAPE CORAL-FORT MYERS, FL 1 $ 55,000 $ 55,000 $ 36,000
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1 $ 115,000 $ 115,000 $ 362,000
CHICAGO-NAPERVILLE, IL 1 $ 5,000 $ 5,000 $ 90,000
DALLAS-PLANO-IRVING, TX 1 $ 105,000 $ 105,000 $ 180,000
DENVER-AURORA-LAKEWOOD, CO 1 $ 75,000 $ 75,000 $ 456,000
LAS VEGAS-HENDERSON-PARADISE, NV 1 $ 45,000 $ 45,000 $ 36,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 1 $ 105,000 $ 105,000 $ 246,000
MANCHESTER-NASHUA, NH 1 $ 25,000 $ 25,000 $ 60,000
MEMPHIS, TN-MS-AR 1 $ 65,000 $ 65,000 $ 87,000
MIDLAND, MI 1 $ 385,000 $ 385,000 $ 175,000
NILES-BENTON HARBOR, MI 1 $ 175,000 $ 175,000 $ 65,000
SAN DIEGO-CARLSBAD, CA 1 $ 205,000 $ 205,000 $ 324,000
SOUTH BEND-MISHAWAKA, IN-MI 1 $ 25,000 $ 25,000 $ 30,000

The mortgage data stats below are displayed in sortable 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, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of Michigan, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Dfcu Financial in 2022

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 Improvement 1,589 $130,855,000 $82,000 $645,000 $112,000 $946,000
Home Purchase 1,253 $304,975,000 $243,000 $1,005,000 $129,000 $3,960,000
Other Purpose 999 $74,445,000 $74,000 $525,000 $105,000 $4,056,000
Refinancing 436 $60,410,000 $138,000 $625,000 $109,000 $400,000
Cash-out Refinancing 370 $67,310,000 $181,000 $995,000 $104,000 $740,000
Not Applicable 0 $0 $0 $0 $0 $0

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 3,168 $428,140,000 $135,000 $1,005,000 $115,000 $3,960,000
Not Provided 724 $124,560,000 $172,000 $1,005,000 $126,000 $4,056,000
Black or African American 426 $40,270,000 $94,000 $645,000 $90,000 $2,496,000
Hispanic 164 $18,710,000 $114,000 $405,000 $95,000 $408,000
Asian 108 $17,720,000 $164,000 $515,000 $129,000 $1,095,000
American Indian or Alaskan Native 21 $2,755,000 $131,000 $325,000 $87,000 $163,000
Native Hawaiian or Other Pacific Islander 15 $1,775,000 $118,000 $405,000 $140,000 $360,000
Not applicable 1 $305,000 $305,000 $305,000 $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) 4,647 $637,995,000 $137,000 $1,005,000 $114,000 $4,056,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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 2,792 $361,120,000 $129,000 $1,005,000 $114,000 $980,000
Application Denied By Financial Institution 677 $49,005,000 $72,000 $505,000 $84,000 $946,000
Application Approved But Not Accepted 347 $32,655,000 $94,000 $1,005,000 $109,000 $475,000
File Closed For Incompleteness 287 $64,165,000 $223,000 $995,000 $133,000 $2,792,000
Application Withdrawn By Applicant 281 $56,515,000 $201,000 $1,005,000 $170,000 $4,056,000
Preapproval Approved but not Accepted 227 $67,055,000 $295,000 $955,000 $116,000 $549,000
Preapproval Denied by Financial Institution 36 $7,480,000 $207,000 $485,000 $157,000 $2,496,000
Loan Purchased By The 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
Not applicable 3,934 $581,510,000 $147,000 $1,005,000 $119,000 $4,056,000
Debt-To-Income Ratio 252 $23,640,000 $93,000 $505,000 $69,000 $300,000
Credit History 237 $16,715,000 $70,000 $505,000 $98,000 $2,496,000
Other 133 $8,115,000 $61,000 $325,000 $92,000 $495,000
Collateral 77 $6,475,000 $84,000 $505,000 $116,000 $540,000
Employment History 7 $815,000 $116,000 $225,000 $77,000 $192,000
Unverifiable Information 5 $545,000 $109,000 $205,000 $58,000 $110,000
Insufficient Cash (Downpayment, Closing Cost) 2 $180,000 $90,000 $145,000 $139,000 $227,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in MI, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in Michigan, and search similar information at your convenience.

Download the Michigan Lender List