Independent Bank
Mortgage Loan Application
Totals and Details
for 2018
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 2003-2023.
| Mortgage Company & Address | Independent Bank 4200 East Beltline Grand Rapids, MI 49525 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 5,974 |
| Total Mortgage Loan Application Amount | $1,127,270,000 |
| Average Mortgage Loan Application Amount | $152,000 |
| Highest Mortgage Loan Application Amount | $8,005,000 |
| Average Applicant Income | $119,600 |
| Highest Applicant Income | $2,378,000 |
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 |
|---|---|---|---|---|
| Kent County Michigan | 845 | $ 141,185,000 | $ 167,000 | $ 105,000 |
| Wayne County Michigan | 502 | $ 96,280,000 | $ 191,000 | $ 138,000 |
| Oakland County Michigan | 490 | $ 133,030,000 | $ 271,000 | $ 181,000 |
| Livingston County Michigan | 269 | $ 64,655,000 | $ 240,000 | $ 132,000 |
| Grand Traverse County Michigan | 255 | $ 48,145,000 | $ 188,000 | $ 136,000 |
| Ionia County Michigan | 204 | $ 21,600,000 | $ 105,000 | $ 72,000 |
| Washtenaw County Michigan | 204 | $ 62,140,000 | $ 304,000 | $ 179,000 |
| Ingham County Michigan | 188 | $ 27,470,000 | $ 146,000 | $ 99,000 |
| Franklin County Ohio | 188 | $ 45,440,000 | $ 241,000 | $ 158,000 |
| Macomb County Michigan | 169 | $ 35,555,000 | $ 210,000 | $ 120,000 |
| Eaton County Michigan | 165 | $ 20,215,000 | $ 122,000 | $ 67,000 |
| Summit County Ohio | 152 | $ 33,140,000 | $ 218,000 | $ 150,000 |
| Newaygo County Michigan | 142 | $ 17,160,000 | $ 120,000 | $ 69,000 |
| Bay County Michigan | 141 | $ 13,535,000 | $ 95,000 | $ 85,000 |
| Saginaw County Michigan | 137 | $ 12,505,000 | $ 91,000 | $ 68,000 |
| Ottawa County Michigan | 128 | $ 25,200,000 | $ 196,000 | $ 150,000 |
| Montcalm County Michigan | 112 | $ 11,770,000 | $ 105,000 | $ 73,000 |
| Genesee County Michigan | 91 | $ 15,935,000 | $ 175,000 | $ 102,000 |
| Muskegon County Michigan | 90 | $ 11,620,000 | $ 129,000 | $ 91,000 |
| Kalamazoo County Michigan | 80 | $ 15,880,000 | $ 198,000 | $ 107,000 |
| Berrien County Michigan | 76 | $ 14,620,000 | $ 192,000 | $ 163,000 |
| Leelanau County Michigan | 75 | $ 21,645,000 | $ 288,000 | $ 166,000 |
| Delaware County Ohio | 53 | $ 20,175,000 | $ 380,000 | $ 233,000 |
| Tuscola County Michigan | 51 | $ 5,185,000 | $ 101,000 | $ 61,000 |
| Jackson County Michigan | 49 | $ 6,265,000 | $ 127,000 | $ 81,000 |
| Wexford County Michigan | 49 | $ 6,105,000 | $ 124,000 | $ 83,000 |
| Cuyahoga County Ohio | 49 | $ 11,525,000 | $ 235,000 | $ 142,000 |
| Antrim County Michigan | 47 | $ 9,655,000 | $ 205,000 | $ 158,000 |
| Huron County Michigan | 47 | $ 3,395,000 | $ 72,000 | $ 55,000 |
| Charlevoix County Michigan | 46 | $ 11,980,000 | $ 260,000 | $ 333,000 |
| Barry County Michigan | 44 | $ 8,830,000 | $ 200,000 | $ 125,000 |
| Mecosta County Michigan | 43 | $ 4,805,000 | $ 111,000 | $ 72,000 |
| Medina County Ohio | 40 | $ 14,600,000 | $ 365,000 | $ 226,000 |
| Allegan County Michigan | 37 | $ 7,355,000 | $ 198,000 | $ 109,000 |
| Benzie County Michigan | 37 | $ 7,205,000 | $ 194,000 | $ 168,000 |
| Clinton County Michigan | 37 | $ 5,545,000 | $ 149,000 | $ 158,000 |
| Lapeer County Michigan | 37 | $ 3,755,000 | $ 101,000 | $ 112,000 |
| Shiawassee County Michigan | 33 | $ 4,145,000 | $ 125,000 | $ 82,000 |
| Calhoun County Michigan | 27 | $ 3,705,000 | $ 137,000 | $ 84,000 |
| Van Buren County Michigan | 26 | $ 4,430,000 | $ 170,000 | $ 129,000 |
| Kalkaska County Michigan | 24 | $ 2,320,000 | $ 96,000 | $ 54,000 |
| Arenac County Michigan | 23 | $ 1,865,000 | $ 81,000 | $ 92,000 |
| Osceola County Michigan | 22 | $ 2,180,000 | $ 99,000 | $ 66,000 |
| Midland County Michigan | 21 | $ 3,365,000 | $ 160,000 | $ 123,000 |
| Gladwin County Michigan | 19 | $ 1,965,000 | $ 103,000 | $ 85,000 |
| Portage County Ohio | 19 | $ 4,335,000 | $ 228,000 | $ 180,000 |
| Missaukee County Michigan | 18 | $ 2,820,000 | $ 156,000 | $ 77,000 |
| Isabella County Michigan | 15 | $ 1,685,000 | $ 112,000 | $ 75,000 |
| Manistee County Michigan | 15 | $ 3,695,000 | $ 246,000 | $ 111,000 |
| Oceana County Michigan | 15 | $ 1,355,000 | $ 90,000 | $ 63,000 |
| Stark County Ohio | 15 | $ 6,125,000 | $ 408,000 | $ 256,000 |
| Union County Ohio | 15 | $ 5,745,000 | $ 383,000 | $ 206,000 |
| Sanilac County Michigan | 14 | $ 1,190,000 | $ 85,000 | $ 74,000 |
| Lake County Michigan | 13 | $ 1,785,000 | $ 137,000 | $ 97,000 |
| Licking County Ohio | 12 | $ 4,150,000 | $ 345,000 | $ 149,000 |
| Gratiot County Michigan | 11 | $ 1,105,000 | $ 100,000 | $ 58,000 |
| Iosco County Michigan | 11 | $ 1,305,000 | $ 118,000 | $ 103,000 |
| Chippewa County Michigan | 10 | $ 1,050,000 | $ 105,000 | $ 69,000 |
| Lenawee County Michigan | 10 | $ 1,380,000 | $ 138,000 | $ 80,000 |
| Fairfield County Ohio | 10 | $ 4,450,000 | $ 445,000 | $ 231,000 |
| Roscommon County Michigan | 9 | $ 885,000 | $ 98,000 | $ 69,000 |
| St. Clair County Michigan | 9 | $ 1,105,000 | $ 122,000 | $ 83,000 |
| Cass County Michigan | 8 | $ 1,270,000 | $ 158,000 | $ 76,000 |
| St. Joseph County Michigan | 8 | $ 1,200,000 | $ 150,000 | $ 99,000 |
| Lee County Florida | 7 | $ 1,885,000 | $ 269,000 | $ 232,000 |
| Monroe County Michigan | 7 | $ 1,025,000 | $ 146,000 | $ 81,000 |
| Clare County Michigan | 6 | $ 500,000 | $ 83,000 | $ 76,000 |
| Emmet County Michigan | 6 | $ 1,310,000 | $ 218,000 | $ 200,000 |
| Hillsdale County Michigan | 6 | $ 870,000 | $ 145,000 | $ 136,000 |
| Palm Beach County Florida | 5 | $ 3,005,000 | $ 601,000 | $ 232,000 |
| Otsego County Michigan | 5 | $ 675,000 | $ 135,000 | $ 171,000 |
| Lorain County Ohio | 5 | $ 1,545,000 | $ 309,000 | $ 203,000 |
| Perry County Ohio | 5 | $ 1,005,000 | $ 201,000 | $ 84,000 |
| Collier County Florida | 4 | $ 2,810,000 | $ 702,000 | $ 528,000 |
| Cook County Illinois | 4 | $ 1,190,000 | $ 297,000 | $ 90,000 |
| Alpena County Michigan | 4 | $ 340,000 | $ 85,000 | $ 85,000 |
| Mason County Michigan | 4 | $ 400,000 | $ 100,000 | $ 43,000 |
| Pickaway County Ohio | 4 | $ 590,000 | $ 147,000 | $ 77,000 |
| Wayne County Ohio | 4 | $ 1,070,000 | $ 267,000 | $ 201,000 |
| Pinellas County Florida | 3 | $ 715,000 | $ 238,000 | $ 126,000 |
| Elkhart County Indiana | 3 | $ 605,000 | $ 201,000 | $ 168,000 |
| St. Joseph County Indiana | 3 | $ 595,000 | $ 198,000 | $ 80,000 |
| Alcona County Michigan | 3 | $ 375,000 | $ 125,000 | $ 233,000 |
| Ogemaw County Michigan | 3 | $ 195,000 | $ 65,000 | $ 147,000 |
| Oscoda County Michigan | 3 | $ 165,000 | $ 55,000 | $ 55,000 |
| Presque Isle County Michigan | 3 | $ 405,000 | $ 135,000 | $ 182,000 |
| Hamilton County Ohio | 3 | $ 865,000 | $ 288,000 | $ 123,000 |
| Knox County Ohio | 3 | $ 535,000 | $ 178,000 | $ 60,000 |
| Broward County Florida | 2 | $ 210,000 | $ 105,000 | $ 148,000 |
| Miami-Dade County Florida | 2 | $ 1,350,000 | $ 675,000 | $ 715,000 |
| Sarasota County Florida | 2 | $ 770,000 | $ 385,000 | $ 173,000 |
| DuPage County Illinois | 2 | $ 1,220,000 | $ 610,000 | $ 256,000 |
| Hamilton County Indiana | 2 | $ 810,000 | $ 405,000 | $ 176,000 |
| Alger County Michigan | 2 | $ 180,000 | $ 90,000 | $ 60,000 |
| Cheboygan County Michigan | 2 | $ 200,000 | $ 100,000 | $ 41,000 |
| Mackinac County Michigan | 2 | $ 310,000 | $ 155,000 | $ 167,000 |
| Marquette County Michigan | 2 | $ 300,000 | $ 150,000 | $ 72,000 |
| Lake County Ohio | 2 | $ 390,000 | $ 195,000 | $ 79,000 |
| Lucas County Ohio | 2 | $ 160,000 | $ 80,000 | $ 50,000 |
| Mahoning County Ohio | 2 | $ 210,000 | $ 105,000 | $ 143,000 |
| Muskingum County Ohio | 2 | $ 1,170,000 | $ 585,000 | $ 720,000 |
| Richland County Ohio | 2 | $ 340,000 | $ 170,000 | $ 127,000 |
| Tuscarawas County Ohio | 2 | $ 600,000 | $ 300,000 | $ 198,000 |
| Warren County Ohio | 2 | $ 890,000 | $ 445,000 | $ 710,000 |
| Brevard County Florida | 1 | $ 325,000 | $ 325,000 | $ 162,000 |
| Charlotte County Florida | 1 | $ 85,000 | $ 85,000 | $ 77,000 |
| Glades County Florida | 1 | $ 35,000 | $ 35,000 | $ 44,000 |
| Jefferson County Florida | 1 | $ 145,000 | $ 145,000 | $ 87,000 |
| Lake County Florida | 1 | $ 155,000 | $ 155,000 | $ 184,000 |
| Manatee County Florida | 1 | $ 1,215,000 | $ 1,215,000 | $ 779,000 |
| Monroe County Florida | 1 | $ 735,000 | $ 735,000 | $ 326,000 |
| Orange County Florida | 1 | $ 605,000 | $ 605,000 | $ 392,000 |
| Polk County Florida | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Santa Rosa County Florida | 1 | $ 135,000 | $ 135,000 | $ 64,000 |
| Seminole County Florida | 1 | $ 195,000 | $ 195,000 | $ 73,000 |
| Sumter County Florida | 1 | $ 135,000 | $ 135,000 | $ 134,000 |
| Lake County Illinois | 1 | $ 725,000 | $ 725,000 | $ 219,000 |
| Allen County Indiana | 1 | $ 115,000 | $ 115,000 | $ 185,000 |
| LaPorte County Indiana | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Marion County Indiana | 1 | $ 195,000 | $ 195,000 | $ 68,000 |
| Porter County Indiana | 1 | $ 395,000 | $ 395,000 | $ 151,000 |
| Shelby County Indiana | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Branch County Michigan | 1 | $ 175,000 | $ 175,000 | $ 145,000 |
| Crawford County Michigan | 1 | $ 75,000 | $ 75,000 | $ 113,000 |
| Montmorency County Michigan | 1 | $ 225,000 | $ 225,000 | $ 175,000 |
| Onslow County North Carolina | 1 | $ 105,000 | $ 105,000 | $ 45,000 |
| Pender County North Carolina | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Union County North Carolina | 1 | $ 425,000 | $ 425,000 | $ 189,000 |
| Wake County North Carolina | 1 | $ 285,000 | $ 285,000 | $ 160,000 |
| Allen County Ohio | 1 | $ 85,000 | $ 85,000 | $ 34,000 |
| Ashtabula County Ohio | 1 | $ 135,000 | $ 135,000 | $ 193,000 |
| Butler County Ohio | 1 | $ 175,000 | $ 175,000 | $ 887,000 |
| Clark County Ohio | 1 | $ 55,000 | $ 55,000 | $ 72,000 |
| Geauga County Ohio | 1 | $ 425,000 | $ 425,000 | $ 161,000 |
| Greene County Ohio | 1 | $ 125,000 | $ 125,000 | $ 44,000 |
| Hancock County Ohio | 1 | $ 255,000 | $ 255,000 | $ 113,000 |
| Madison County Ohio | 1 | $ 305,000 | $ 305,000 | $ 285,000 |
| Morrow County Ohio | 1 | $ 375,000 | $ 375,000 | $ 101,000 |
| Ross County Ohio | 1 | $ 295,000 | $ 295,000 | $ 137,000 |
| Shelby County Ohio | 1 | $ 265,000 | $ 265,000 | $ 115,000 |
| Trumbull County Ohio | 1 | $ 35,000 | $ 35,000 | $ 194,000 |
| Wyandot County Ohio | 1 | $ 315,000 | $ 315,000 | $ 122,000 |
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 2018
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 | 4,042 | $879,880,000 | $217,000 | $2,495,000 | $130,000 | $2,068,000 |
| Other Purpose | 670 | $54,740,000 | $81,000 | $595,000 | $116,000 | $2,357,000 |
| Cash-out Refinancing | 446 | $74,210,000 | $166,000 | $1,205,000 | $88,000 | $603,000 |
| Home Improvement | 433 | $38,845,000 | $89,000 | $2,005,000 | $136,000 | $2,378,000 |
| Refinancing | 383 | $79,595,000 | $207,000 | $8,005,000 | $128,000 | $1,559,000 |
| 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 | 5,154 | $961,970,000 | $186,000 | $2,005,000 | $124,000 | $2,378,000 |
| Not Provided | 359 | $63,455,000 | $176,000 | $1,855,000 | $155,000 | $1,250,000 |
| Black or African American | 156 | $24,420,000 | $156,000 | $695,000 | $93,000 | $490,000 |
| Hispanic | 134 | $22,330,000 | $166,000 | $1,655,000 | $97,000 | $733,000 |
| Asian | 108 | $29,850,000 | $276,000 | $1,515,000 | $178,000 | $603,000 |
| Not applicable | 35 | $19,555,000 | $558,000 | $8,005,000 | $232,000 | $302,000 |
| American Indian or Alaskan Native | 15 | $3,225,000 | $215,000 | $995,000 | $97,000 | $248,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,335,000 | $267,000 | $595,000 | $162,000 | $272,000 |
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) | 5,503 | $1,056,825,000 | $192,000 | $8,005,000 | $131,000 | $2,378,000 |
| FHA-insured (Federal Housing Administration) | 302 | $42,100,000 | $139,000 | $335,000 | $60,000 | $196,000 |
| VA-guaranteed (Veterans Administration) | 85 | $16,945,000 | $199,000 | $455,000 | $76,000 | $249,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 84 | $11,400,000 | $135,000 | $255,000 | $49,000 | $84,000 |
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 | 4,525 | $882,835,000 | $195,000 | $8,005,000 | $130,000 | $2,068,000 |
| Application Withdrawn By Applicant | 845 | $152,055,000 | $179,000 | $1,605,000 | $117,000 | $1,000,000 |
| Application Denied By Financial Institution | 490 | $69,530,000 | $141,000 | $1,855,000 | $101,000 | $2,378,000 |
| File Closed For Incompleteness | 53 | $10,905,000 | $205,000 | $1,305,000 | $93,000 | $266,000 |
| Application Approved But Not Accepted | 44 | $9,910,000 | $225,000 | $1,485,000 | $175,000 | $623,000 |
| Loan Purchased By The Institution | 17 | $2,035,000 | $119,000 | $325,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 5,484 | $1,057,740,000 | $192,000 | $8,005,000 | $128,000 | $2,068,000 |
| Debt-To-Income Ratio | 190 | $33,060,000 | $174,000 | $1,855,000 | $89,000 | $526,000 |
| Credit History | 144 | $15,880,000 | $110,000 | $1,475,000 | $80,000 | $401,000 |
| Collateral | 48 | $9,070,000 | $188,000 | $1,655,000 | $122,000 | $733,000 |
| Credit Application Incomplete | 47 | $4,355,000 | $92,000 | $325,000 | $217,000 | $2,378,000 |
| Other | 37 | $4,435,000 | $119,000 | $405,000 | $87,000 | $268,000 |
| Employment History | 9 | $905,000 | $100,000 | $225,000 | $41,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,130,000 | $141,000 | $275,000 | $132,000 | $242,000 |
| Unverifiable Information | 4 | $510,000 | $127,000 | $205,000 | $62,000 | $118,000 |
| Mortgage Insurance Denied | 3 | $185,000 | $61,000 | $135,000 | $44,000 | $52,000 |
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.