Independent Bank
Mortgage Loan Application
Totals and Details
for 2006
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 | 1,297 |
| Total Mortgage Loan Application Amount | $47,734,000 |
| Average Mortgage Loan Application Amount | $33,000 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $50,000 |
| Highest Applicant Income | $890,000 |
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 | 160 | $ 4,986,000 | $ 31,000 | $ 54,000 |
| Saginaw County Michigan | 111 | $ 4,197,000 | $ 37,000 | $ 64,000 |
| Otsego County Michigan | 85 | $ 3,118,000 | $ 36,000 | $ 58,000 |
| Iosco County Michigan | 83 | $ 1,878,000 | $ 22,000 | $ 40,000 |
| Ogemaw County Michigan | 76 | $ 1,888,000 | $ 24,000 | $ 36,000 |
| Macomb County Michigan | 43 | $ 1,526,000 | $ 35,000 | $ 42,000 |
| Alcona County Michigan | 35 | $ 895,000 | $ 25,000 | $ 46,000 |
| Arenac County Michigan | 35 | $ 1,365,000 | $ 39,000 | $ 42,000 |
| Genesee County Michigan | 34 | $ 1,340,000 | $ 39,000 | $ 49,000 |
| Isabella County Michigan | 34 | $ 1,252,000 | $ 36,000 | $ 64,000 |
| Midland County Michigan | 34 | $ 1,099,000 | $ 32,000 | $ 56,000 |
| Presque Isle County Michigan | 32 | $ 1,110,000 | $ 34,000 | $ 49,000 |
| Alpena County Michigan | 31 | $ 1,024,000 | $ 33,000 | $ 52,000 |
| Oakland County Michigan | 31 | $ 1,293,000 | $ 41,000 | $ 52,000 |
| Roscommon County Michigan | 30 | $ 886,000 | $ 29,000 | $ 64,000 |
| Montmorency County Michigan | 28 | $ 740,000 | $ 26,000 | $ 56,000 |
| Kent County Michigan | 27 | $ 763,000 | $ 28,000 | $ 40,000 |
| Washtenaw County Michigan | 16 | $ 897,000 | $ 56,000 | $ 61,000 |
| Monroe County Michigan | 15 | $ 606,000 | $ 40,000 | $ 57,000 |
| Cheboygan County Michigan | 14 | $ 500,000 | $ 35,000 | $ 62,000 |
| Gladwin County Michigan | 14 | $ 394,000 | $ 28,000 | $ 67,000 |
| Oscoda County Michigan | 14 | $ 280,000 | $ 20,000 | $ 29,000 |
| Wayne County Michigan | 14 | $ 648,000 | $ 46,000 | $ 49,000 |
| Charlevoix County Michigan | 13 | $ 485,000 | $ 37,000 | $ 44,000 |
| Tuscola County Michigan | 11 | $ 498,000 | $ 45,000 | $ 56,000 |
| Lake County Indiana | 9 | $ 262,000 | $ 29,000 | $ 30,000 |
| Berrien County Michigan | 9 | $ 329,000 | $ 36,000 | $ 42,000 |
| Calhoun County Michigan | 9 | $ 296,000 | $ 32,000 | $ 45,000 |
| Eaton County Michigan | 9 | $ 304,000 | $ 33,000 | $ 36,000 |
| Ingham County Michigan | 9 | $ 418,000 | $ 46,000 | $ 48,000 |
| Ionia County Michigan | 9 | $ 346,000 | $ 38,000 | $ 34,000 |
| Lapeer County Michigan | 9 | $ 419,000 | $ 46,000 | $ 40,000 |
| St. Clair County Michigan | 9 | $ 539,000 | $ 59,000 | $ 57,000 |
| Elkhart County Indiana | 8 | $ 265,000 | $ 33,000 | $ 31,000 |
| Grand Traverse County Michigan | 8 | $ 397,000 | $ 49,000 | $ 35,000 |
| Livingston County Michigan | 8 | $ 351,000 | $ 43,000 | $ 62,000 |
| Clinton County Michigan | 7 | $ 289,000 | $ 41,000 | $ 45,000 |
| Crawford County Michigan | 7 | $ 563,000 | $ 80,000 | $ 72,000 |
| Jackson County Michigan | 7 | $ 192,000 | $ 27,000 | $ 45,000 |
| Lenawee County Michigan | 7 | $ 220,000 | $ 31,000 | $ 38,000 |
| Ottawa County Michigan | 7 | $ 282,000 | $ 40,000 | $ 41,000 |
| Allegan County Michigan | 6 | $ 316,000 | $ 52,000 | $ 73,000 |
| Antrim County Michigan | 6 | $ 182,000 | $ 30,000 | $ 59,000 |
| Muskegon County Michigan | 6 | $ 226,000 | $ 37,000 | $ 34,000 |
| Newaygo County Michigan | 6 | $ 180,000 | $ 30,000 | $ 28,000 |
| Lorain County Ohio | 6 | $ 228,000 | $ 38,000 | $ 48,000 |
| Allen County Indiana | 5 | $ 166,000 | $ 33,000 | $ 43,000 |
| Gratiot County Michigan | 5 | $ 102,000 | $ 20,000 | $ 54,000 |
| Allen County Ohio | 5 | $ 222,000 | $ 44,000 | $ 43,000 |
| Shelby County Ohio | 5 | $ 171,000 | $ 34,000 | $ 29,000 |
| Clare County Michigan | 4 | $ 147,000 | $ 36,000 | $ 61,000 |
| Missaukee County Michigan | 4 | $ 191,000 | $ 47,000 | $ 67,000 |
| Shiawassee County Michigan | 4 | $ 139,000 | $ 34,000 | $ 33,000 |
| St. Joseph County Michigan | 4 | $ 191,000 | $ 47,000 | $ 60,000 |
| Barry County Michigan | 3 | $ 126,000 | $ 42,000 | $ 46,000 |
| Hillsdale County Michigan | 3 | $ 111,000 | $ 37,000 | $ 37,000 |
| Kalamazoo County Michigan | 3 | $ 204,000 | $ 68,000 | $ 43,000 |
| Mecosta County Michigan | 3 | $ 104,000 | $ 34,000 | $ 28,000 |
| Lake County Ohio | 3 | $ 66,000 | $ 22,000 | $ 37,000 |
| Ottawa County Ohio | 3 | $ 170,000 | $ 56,000 | $ 100,000 |
| Jennings County Indiana | 2 | $ 81,000 | $ 40,000 | $ 37,000 |
| Johnson County Indiana | 2 | $ 66,000 | $ 33,000 | $ 49,000 |
| Kosciusko County Indiana | 2 | $ 86,000 | $ 43,000 | $ 57,000 |
| Marion County Indiana | 2 | $ 131,000 | $ 65,000 | $ 57,000 |
| Branch County Michigan | 2 | $ 79,000 | $ 39,000 | $ 50,000 |
| Emmet County Michigan | 2 | $ 64,000 | $ 32,000 | $ 72,000 |
| Kalkaska County Michigan | 2 | $ 35,000 | $ 17,000 | $ 54,000 |
| Montcalm County Michigan | 2 | $ 67,000 | $ 33,000 | $ 55,000 |
| Osceola County Michigan | 2 | $ 48,000 | $ 24,000 | $ 38,000 |
| Sanilac County Michigan | 2 | $ 73,000 | $ 36,000 | $ 42,000 |
| Van Buren County Michigan | 2 | $ 109,000 | $ 54,000 | $ 95,000 |
| Erie County Ohio | 2 | $ 67,000 | $ 33,000 | $ 40,000 |
| Huron County Ohio | 2 | $ 41,000 | $ 20,000 | $ 93,000 |
| Portage County Ohio | 2 | $ 43,000 | $ 21,000 | $ 19,000 |
| Stark County Ohio | 2 | $ 72,000 | $ 36,000 | $ 31,000 |
| Tuscarawas County Ohio | 2 | $ 50,000 | $ 25,000 | $ 36,000 |
| New Haven County Connecticut | 1 | $ 5,000 | $ 5,000 | $ 54,000 |
| Walton County Florida | 1 | $ 1,500,000 | $ 1,500,000 | $ 0 |
| Cook County Illinois | 1 | $ 1,181,000 | $ 1,181,000 | $ 890,000 |
| Fayette County Indiana | 1 | $ 38,000 | $ 38,000 | $ 30,000 |
| Hendricks County Indiana | 1 | $ 58,000 | $ 58,000 | $ 80,000 |
| Huntington County Indiana | 1 | $ 31,000 | $ 31,000 | $ 52,000 |
| Madison County Indiana | 1 | $ 30,000 | $ 30,000 | $ 57,000 |
| Miami County Indiana | 1 | $ 82,000 | $ 82,000 | $ 59,000 |
| Noble County Indiana | 1 | $ 38,000 | $ 38,000 | $ 45,000 |
| Ripley County Indiana | 1 | $ 73,000 | $ 73,000 | $ 45,000 |
| St. Joseph County Indiana | 1 | $ 35,000 | $ 35,000 | $ 41,000 |
| Vanderburgh County Indiana | 1 | $ 21,000 | $ 21,000 | $ 21,000 |
| Wabash County Indiana | 1 | $ 38,000 | $ 38,000 | $ 26,000 |
| Alger County Michigan | 1 | $ 353,000 | $ 353,000 | $ 0 |
| Cass County Michigan | 1 | $ 34,000 | $ 34,000 | $ 43,000 |
| Chippewa County Michigan | 1 | $ 32,000 | $ 32,000 | $ 26,000 |
| Lake County Michigan | 1 | $ 51,000 | $ 51,000 | $ 83,000 |
| Mackinac County Michigan | 1 | $ 154,000 | $ 154,000 | $ 53,000 |
| Belmont County Ohio | 1 | $ 22,000 | $ 22,000 | $ 18,000 |
| Columbiana County Ohio | 1 | $ 24,000 | $ 24,000 | $ 31,000 |
| Cuyahoga County Ohio | 1 | $ 32,000 | $ 32,000 | $ 33,000 |
| Fairfield County Ohio | 1 | $ 43,000 | $ 43,000 | $ 32,000 |
| Fulton County Ohio | 1 | $ 54,000 | $ 54,000 | $ 81,000 |
| Hamilton County Ohio | 1 | $ 41,000 | $ 41,000 | $ 22,000 |
| Henry County Ohio | 1 | $ 12,000 | $ 12,000 | $ 55,000 |
| Licking County Ohio | 1 | $ 57,000 | $ 57,000 | $ 50,000 |
| Lucas County Ohio | 1 | $ 47,000 | $ 47,000 | $ 25,000 |
| Summit County Ohio | 1 | $ 26,000 | $ 26,000 | $ 22,000 |
| Van Wert County Ohio | 1 | $ 57,000 | $ 57,000 | $ 30,000 |
| Wood County Ohio | 1 | $ 71,000 | $ 71,000 | $ 52,000 |
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 2006
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 | 645 | $29,345,000 | $45,000 | $1,500,000 | $53,000 | $890,000 |
| Home Purchase | 346 | $12,614,000 | $36,000 | $275,000 | $48,000 | $341,000 |
| Home Improvement | 306 | $5,775,000 | $18,000 | $95,000 | $49,000 | $200,000 |
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 | 1,193 | $41,384,000 | $34,000 | $1,181,000 | $52,000 | $890,000 |
| Not Provided | 45 | $1,761,000 | $39,000 | $102,000 | $47,000 | $93,000 |
| Hispanic | 18 | $837,000 | $46,000 | $112,000 | $49,000 | $110,000 |
| Black or African American | 17 | $624,000 | $36,000 | $70,000 | $46,000 | $116,000 |
| Not applicable | 13 | $2,882,000 | $221,000 | $1,500,000 | $0 | $0 |
| American Indian or Alaskan Native | 6 | $114,000 | $19,000 | $34,000 | $31,000 | $64,000 |
| Asian | 4 | $129,000 | $32,000 | $57,000 | $71,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $3,000 | $3,000 | $3,000 | $34,000 | $34,000 |
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) | 1,297 | $47,734,000 | $36,000 | $1,500,000 | $51,000 | $890,000 |
| 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 | 885 | $33,612,000 | $37,000 | $1,500,000 | $55,000 | $890,000 |
| Application Denied By Financial Institution | 254 | $8,015,000 | $31,000 | $353,000 | $38,000 | $197,000 |
| Application Approved But Not Accepted | 156 | $6,055,000 | $38,000 | $102,000 | $46,000 | $200,000 |
| Application Withdrawn By Applicant | 2 | $52,000 | $26,000 | $38,000 | $42,000 | $43,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $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 | 119 | $3,923,000 | $32,000 | $353,000 | $35,000 | $120,000 |
| Credit History | 91 | $2,663,000 | $29,000 | $119,000 | $43,000 | $197,000 |
| Employment History | 17 | $445,000 | $26,000 | $50,000 | $32,000 | $54,000 |
| Collateral | 13 | $509,000 | $39,000 | $99,000 | $44,000 | $100,000 |
| Other | 3 | $48,000 | $16,000 | $23,000 | $26,000 | $36,000 |
| Credit Application Incomplete | 2 | $9,000 | $4,000 | $5,000 | $27,000 | $33,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $80,000 | $80,000 | $80,000 | $0 | $0 |
| Mortgage Insurance Denied | 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.