Independent Bank
Mortgage Loan Application
Totals and Details
for 2005
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 Independent Bank.
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 | Independent Bank 230 W Main Street Ionia, MI 48846 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,354 |
| Total Mortgage Loan Application Amount | $54,729,000 |
| Average Mortgage Loan Application Amount | $111,000 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $35,900 |
| Highest Applicant Income | $374,000 |
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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bay County Michigan | 132 | $ 4,445,000 | $ 33,000 | $ 37,000 |
| Saginaw County Michigan | 85 | $ 3,278,000 | $ 38,000 | $ 48,000 |
| Ogemaw County Michigan | 79 | $ 1,939,000 | $ 24,000 | $ 44,000 |
| Iosco County Michigan | 53 | $ 1,862,000 | $ 35,000 | $ 38,000 |
| Macomb County Michigan | 50 | $ 2,406,000 | $ 48,000 | $ 50,000 |
| Oakland County Michigan | 48 | $ 2,390,000 | $ 49,000 | $ 47,000 |
| Washtenaw County Michigan | 46 | $ 2,428,000 | $ 52,000 | $ 48,000 |
| Wayne County Michigan | 45 | $ 2,566,000 | $ 57,000 | $ 58,000 |
| Isabella County Michigan | 43 | $ 970,000 | $ 22,000 | $ 59,000 |
| Kent County Michigan | 43 | $ 3,911,000 | $ 90,000 | $ 27,000 |
| Arenac County Michigan | 38 | $ 1,214,000 | $ 31,000 | $ 39,000 |
| Lapeer County Michigan | 37 | $ 1,955,000 | $ 52,000 | $ 55,000 |
| Alpena County Michigan | 36 | $ 1,184,000 | $ 32,000 | $ 40,000 |
| Otsego County Michigan | 34 | $ 908,000 | $ 26,000 | $ 42,000 |
| Ionia County Michigan | 33 | $ 1,165,000 | $ 35,000 | $ 41,000 |
| Roscommon County Michigan | 31 | $ 584,000 | $ 18,000 | $ 37,000 |
| Genesee County Michigan | 30 | $ 1,597,000 | $ 53,000 | $ 59,000 |
| Midland County Michigan | 24 | $ 933,000 | $ 38,000 | $ 35,000 |
| Kalamazoo County Michigan | 22 | $ 996,000 | $ 45,000 | $ 38,000 |
| Alcona County Michigan | 20 | $ 468,000 | $ 23,000 | $ 48,000 |
| Lenawee County Michigan | 20 | $ 804,000 | $ 40,000 | $ 46,000 |
| Livingston County Michigan | 18 | $ 1,001,000 | $ 55,000 | $ 52,000 |
| Berrien County Michigan | 16 | $ 652,000 | $ 40,000 | $ 44,000 |
| Calhoun County Michigan | 15 | $ 640,000 | $ 42,000 | $ 35,000 |
| Monroe County Michigan | 15 | $ 729,000 | $ 48,000 | $ 43,000 |
| Oscoda County Michigan | 14 | $ 435,000 | $ 31,000 | $ 56,000 |
| Ingham County Michigan | 13 | $ 539,000 | $ 41,000 | $ 63,000 |
| Ottawa County Michigan | 13 | $ 459,000 | $ 35,000 | $ 35,000 |
| Jackson County Michigan | 12 | $ 396,000 | $ 33,000 | $ 37,000 |
| Elkhart County Indiana | 11 | $ 366,000 | $ 33,000 | $ 36,000 |
| Clinton County Michigan | 11 | $ 524,000 | $ 47,000 | $ 54,000 |
| Eaton County Michigan | 11 | $ 414,000 | $ 37,000 | $ 50,000 |
| Montmorency County Michigan | 11 | $ 340,000 | $ 30,000 | $ 36,000 |
| St. Clair County Michigan | 11 | $ 556,000 | $ 50,000 | $ 46,000 |
| Allegan County Michigan | 10 | $ 445,000 | $ 44,000 | $ 42,000 |
| Clare County Michigan | 10 | $ 347,000 | $ 34,000 | $ 59,000 |
| Presque Isle County Michigan | 9 | $ 333,000 | $ 37,000 | $ 30,000 |
| St. Joseph County Michigan | 9 | $ 373,000 | $ 41,000 | $ 68,000 |
| Gladwin County Michigan | 8 | $ 319,000 | $ 39,000 | $ 79,000 |
| Muskegon County Michigan | 8 | $ 396,000 | $ 49,000 | $ 34,000 |
| Allen County Ohio | 8 | $ 414,000 | $ 51,000 | $ 36,000 |
| Hillsdale County Michigan | 7 | $ 238,000 | $ 34,000 | $ 34,000 |
| Montcalm County Michigan | 7 | $ 212,000 | $ 30,000 | $ 76,000 |
| Shiawassee County Michigan | 7 | $ 232,000 | $ 33,000 | $ 31,000 |
| Crawford County Michigan | 6 | $ 160,000 | $ 26,000 | $ 77,000 |
| Grand Traverse County Michigan | 6 | $ 179,000 | $ 29,000 | $ 39,000 |
| Stark County Ohio | 6 | $ 199,000 | $ 33,000 | $ 41,000 |
| Gratiot County Michigan | 5 | $ 200,000 | $ 40,000 | $ 68,000 |
| Mecosta County Michigan | 5 | $ 149,000 | $ 29,000 | $ 45,000 |
| Missaukee County Michigan | 5 | $ 86,000 | $ 17,000 | $ 33,000 |
| Newaygo County Michigan | 5 | $ 321,000 | $ 64,000 | $ 28,000 |
| Fulton County Ohio | 5 | $ 265,000 | $ 53,000 | $ 46,000 |
| Lake County Indiana | 4 | $ 125,000 | $ 31,000 | $ 30,000 |
| Cass County Michigan | 4 | $ 173,000 | $ 43,000 | $ 45,000 |
| Tuscola County Michigan | 4 | $ 55,000 | $ 13,000 | $ 47,000 |
| Ottawa County Ohio | 4 | $ 286,000 | $ 71,000 | $ 60,000 |
| Allen County Indiana | 3 | $ 105,000 | $ 35,000 | $ 39,000 |
| DeKalb County Indiana | 3 | $ 76,000 | $ 25,000 | $ 27,000 |
| Antrim County Michigan | 3 | $ 65,000 | $ 21,000 | $ 47,000 |
| Charlevoix County Michigan | 3 | $ 127,000 | $ 42,000 | $ 43,000 |
| Cheboygan County Michigan | 3 | $ 262,000 | $ 87,000 | $ 41,000 |
| Manistee County Michigan | 3 | $ 71,000 | $ 23,000 | $ 38,000 |
| Clermont County Ohio | 3 | $ 151,000 | $ 50,000 | $ 48,000 |
| Lorain County Ohio | 3 | $ 121,000 | $ 40,000 | $ 46,000 |
| Portage County Ohio | 3 | $ 96,000 | $ 32,000 | $ 31,000 |
| Wayne County Ohio | 3 | $ 110,000 | $ 36,000 | $ 37,000 |
| Wood County Ohio | 3 | $ 147,000 | $ 49,000 | $ 41,000 |
| Carroll County Indiana | 2 | $ 69,000 | $ 34,000 | $ 44,000 |
| LaPorte County Indiana | 2 | $ 51,000 | $ 25,000 | $ 39,000 |
| Madison County Indiana | 2 | $ 114,000 | $ 57,000 | $ 29,000 |
| Branch County Michigan | 2 | $ 55,000 | $ 27,000 | $ 34,000 |
| Van Buren County Michigan | 2 | $ 93,000 | $ 46,000 | $ 62,000 |
| Wexford County Michigan | 2 | $ 50,000 | $ 25,000 | $ 51,000 |
| Clark County Ohio | 2 | $ 96,000 | $ 48,000 | $ 64,000 |
| Defiance County Ohio | 2 | $ 83,000 | $ 41,000 | $ 52,000 |
| Erie County Ohio | 2 | $ 42,000 | $ 21,000 | $ 37,000 |
| Hamilton County Ohio | 2 | $ 50,000 | $ 25,000 | $ 62,000 |
| Lake County Ohio | 2 | $ 73,000 | $ 36,000 | $ 33,000 |
| Lucas County Ohio | 2 | $ 51,000 | $ 25,000 | $ 40,000 |
| Shelby County Ohio | 2 | $ 55,000 | $ 27,000 | $ 38,000 |
| Amador County California | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Bartholomew County Indiana | 1 | $ 29,000 | $ 29,000 | $ 42,000 |
| Boone County Indiana | 1 | $ 31,000 | $ 31,000 | $ 40,000 |
| Cass County Indiana | 1 | $ 56,000 | $ 56,000 | $ 20,000 |
| Clark County Indiana | 1 | $ 42,000 | $ 42,000 | $ 32,000 |
| Grant County Indiana | 1 | $ 39,000 | $ 39,000 | $ 32,000 |
| Hamilton County Indiana | 1 | $ 30,000 | $ 30,000 | $ 33,000 |
| Howard County Indiana | 1 | $ 47,000 | $ 47,000 | $ 29,000 |
| Kosciusko County Indiana | 1 | $ 29,000 | $ 29,000 | $ 30,000 |
| LaGrange County Indiana | 1 | $ 39,000 | $ 39,000 | $ 126,000 |
| Marion County Indiana | 1 | $ 29,000 | $ 29,000 | $ 72,000 |
| Perry County Indiana | 1 | $ 40,000 | $ 40,000 | $ 25,000 |
| Shelby County Indiana | 1 | $ 27,000 | $ 27,000 | $ 30,000 |
| Wabash County Indiana | 1 | $ 39,000 | $ 39,000 | $ 28,000 |
| Whitley County Indiana | 1 | $ 58,000 | $ 58,000 | $ 45,000 |
| Plymouth County Massachusetts | 1 | $ 30,000 | $ 30,000 | $ 14,000 |
| Barry County Michigan | 1 | $ 43,000 | $ 43,000 | $ 25,000 |
| Huron County Michigan | 1 | $ 22,000 | $ 22,000 | $ 19,000 |
| Kalkaska County Michigan | 1 | $ 17,000 | $ 17,000 | $ 46,000 |
| Lake County Michigan | 1 | $ 43,000 | $ 43,000 | $ 49,000 |
| Mackinac County Michigan | 1 | $ 65,000 | $ 65,000 | $ 70,000 |
| Sanilac County Michigan | 1 | $ 11,000 | $ 11,000 | $ 19,000 |
| Wright County Minnesota | 1 | $ 63,000 | $ 63,000 | $ 45,000 |
| Butler County Ohio | 1 | $ 39,000 | $ 39,000 | $ 45,000 |
| Cuyahoga County Ohio | 1 | $ 38,000 | $ 38,000 | $ 65,000 |
| Hancock County Ohio | 1 | $ 40,000 | $ 40,000 | $ 29,000 |
| Montgomery County Ohio | 1 | $ 46,000 | $ 46,000 | $ 35,000 |
| Richland County Ohio | 1 | $ 16,000 | $ 16,000 | $ 29,000 |
| Sandusky County Ohio | 1 | $ 74,000 | $ 74,000 | $ 70,000 |
| Summit County Ohio | 1 | $ 28,000 | $ 28,000 | $ 56,000 |
| Trumbull County Ohio | 1 | $ 26,000 | $ 26,000 | $ 42,000 |
| Tuscarawas County Ohio | 1 | $ 26,000 | $ 26,000 | $ 21,000 |
| Van Wert County Ohio | 1 | $ 43,000 | $ 43,000 | $ 32,000 |
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 Independent Bank in 2005
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 | 549 | $23,509,000 | $42,400 | $555,000 | $37,200 | $374,000 |
| Refinancing | 508 | $25,387,000 | $219,750 | $2,500,000 | $30,500 | $264,000 |
| Home Improvement | 297 | $5,833,000 | $19,000 | $168,000 | $51,000 | $290,000 |
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 | 1,257 | $46,339,000 | $41,200 | $264,000 | $37,200 | $374,000 |
| Hispanic | 28 | $1,026,000 | $36,000 | $155,000 | $51,000 | $124,000 |
| Not Provided | 27 | $1,132,000 | $35,333 | $94,000 | $34,666 | $151,000 |
| Black or African American | 20 | $698,000 | $34,000 | $97,000 | $47,000 | $95,000 |
| Not applicable | 14 | $5,359,000 | $552,000 | $2,500,000 | $0 | $0 |
| American Indian or Alaskan Native | 5 | $98,000 | $19,000 | $34,000 | $90,000 | $174,000 |
| Asian | 3 | $77,000 | $25,000 | $34,000 | $37,000 | $62,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,354 | $54,729,000 | $159,833 | $2,500,000 | $30,833 | $374,000 |
| 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 | 833 | $32,432,000 | $215,250 | $2,500,000 | $31,750 | $303,000 |
| Application Denied By Financial Institution | 269 | $10,450,000 | $38,750 | $256,000 | $32,750 | $169,000 |
| Application Approved But Not Accepted | 244 | $11,290,000 | $45,750 | $325,000 | $44,500 | $374,000 |
| Application Withdrawn By Applicant | 7 | $427,000 | $61,000 | $260,000 | $35,000 | $107,000 |
| File Closed For Incompleteness | 1 | $130,000 | $130,000 | $130,000 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 125 | $5,242,000 | $38,333 | $256,000 | $31,666 | $110,000 |
| Credit History | 112 | $3,858,000 | $42,666 | $96,000 | $40,333 | $169,000 |
| Employment History | 22 | $907,000 | $52,000 | $74,000 | $48,666 | $72,000 |
| Collateral | 6 | $287,000 | $41,000 | $99,000 | $48,000 | $101,000 |
| Other | 2 | $71,000 | $35,000 | $51,000 | $54,000 | $73,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $14,000 | $14,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $55,000 | $55,000 | $55,000 | $40,000 | $40,000 |
| 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.