Independent Bank
Mortgage Loan Application
Totals and Details
for 2023
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 | 3,695 |
| Total Mortgage Loan Application Amount | $899,215,000 |
| Average Mortgage Loan Application Amount | $188,800 |
| Highest Mortgage Loan Application Amount | $17,705,000 |
| Average Applicant Income | $136,400 |
| Highest Applicant Income | $8,031,000 |
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 | 585 | $ 140,075,000 | $ 239,000 | $ 166,000 |
| Wayne County Michigan | 322 | $ 80,810,000 | $ 250,000 | $ 145,000 |
| Oakland County Michigan | 301 | $ 121,865,000 | $ 404,000 | $ 256,000 |
| Saginaw County Michigan | 145 | $ 20,635,000 | $ 142,000 | $ 88,000 |
| Ottawa County Michigan | 144 | $ 39,160,000 | $ 271,000 | $ 163,000 |
| Grand Traverse County Michigan | 133 | $ 55,095,000 | $ 414,000 | $ 218,000 |
| Livingston County Michigan | 128 | $ 41,050,000 | $ 320,000 | $ 153,000 |
| Ionia County Michigan | 124 | $ 15,990,000 | $ 128,000 | $ 91,000 |
| Newaygo County Michigan | 117 | $ 17,875,000 | $ 152,000 | $ 94,000 |
| Bay County Michigan | 108 | $ 11,900,000 | $ 110,000 | $ 77,000 |
| Montcalm County Michigan | 106 | $ 11,810,000 | $ 111,000 | $ 75,000 |
| Macomb County Michigan | 105 | $ 37,985,000 | $ 361,000 | $ 130,000 |
| Ingham County Michigan | 104 | $ 14,350,000 | $ 137,000 | $ 100,000 |
| Washtenaw County Michigan | 89 | $ 32,935,000 | $ 370,000 | $ 208,000 |
| Muskegon County Michigan | 80 | $ 17,020,000 | $ 212,000 | $ 129,000 |
| Eaton County Michigan | 76 | $ 9,310,000 | $ 122,000 | $ 89,000 |
| Leelanau County Michigan | 63 | $ 23,435,000 | $ 371,000 | $ 196,000 |
| Genesee County Michigan | 60 | $ 13,440,000 | $ 224,000 | $ 133,000 |
| Summit County Ohio | 49 | $ 14,595,000 | $ 297,000 | $ 202,000 |
| Kalamazoo County Michigan | 42 | $ 9,900,000 | $ 235,000 | $ 134,000 |
| Huron County Michigan | 40 | $ 3,970,000 | $ 99,000 | $ 86,000 |
| Jackson County Michigan | 39 | $ 6,795,000 | $ 174,000 | $ 98,000 |
| Allegan County Michigan | 38 | $ 10,070,000 | $ 265,000 | $ 138,000 |
| Mecosta County Michigan | 38 | $ 5,480,000 | $ 144,000 | $ 101,000 |
| Tuscola County Michigan | 34 | $ 3,280,000 | $ 96,000 | $ 77,000 |
| Berrien County Michigan | 32 | $ 8,190,000 | $ 255,000 | $ 171,000 |
| Barry County Michigan | 31 | $ 9,595,000 | $ 309,000 | $ 180,000 |
| Calhoun County Michigan | 30 | $ 3,920,000 | $ 130,000 | $ 90,000 |
| Clinton County Michigan | 28 | $ 4,300,000 | $ 153,000 | $ 121,000 |
| Antrim County Michigan | 27 | $ 14,635,000 | $ 542,000 | $ 392,000 |
| Lapeer County Michigan | 25 | $ 3,905,000 | $ 156,000 | $ 111,000 |
| Wexford County Michigan | 25 | $ 3,735,000 | $ 149,000 | $ 118,000 |
| Midland County Michigan | 24 | $ 4,580,000 | $ 190,000 | $ 105,000 |
| Shiawassee County Michigan | 18 | $ 2,470,000 | $ 137,000 | $ 75,000 |
| Arenac County Michigan | 17 | $ 1,525,000 | $ 89,000 | $ 87,000 |
| Missaukee County Michigan | 14 | $ 2,330,000 | $ 166,000 | $ 82,000 |
| Charlevoix County Michigan | 13 | $ 3,995,000 | $ 307,000 | $ 357,000 |
| Clare County Michigan | 13 | $ 1,375,000 | $ 105,000 | $ 96,000 |
| Oceana County Michigan | 13 | $ 2,535,000 | $ 195,000 | $ 127,000 |
| Osceola County Michigan | 13 | $ 1,045,000 | $ 80,000 | $ 97,000 |
| Sanilac County Michigan | 13 | $ 1,485,000 | $ 114,000 | $ 78,000 |
| Van Buren County Michigan | 13 | $ 4,195,000 | $ 322,000 | $ 139,000 |
| Gladwin County Michigan | 12 | $ 1,690,000 | $ 140,000 | $ 162,000 |
| Gratiot County Michigan | 12 | $ 1,560,000 | $ 130,000 | $ 135,000 |
| Kalkaska County Michigan | 11 | $ 1,585,000 | $ 144,000 | $ 157,000 |
| Lake County Michigan | 11 | $ 1,965,000 | $ 178,000 | $ 122,000 |
| Roscommon County Michigan | 11 | $ 2,315,000 | $ 210,000 | $ 189,000 |
| Emmet County Michigan | 10 | $ 3,030,000 | $ 303,000 | $ 168,000 |
| Isabella County Michigan | 10 | $ 1,590,000 | $ 159,000 | $ 59,000 |
| Benzie County Michigan | 7 | $ 975,000 | $ 139,000 | $ 118,000 |
| Mason County Michigan | 7 | $ 2,935,000 | $ 419,000 | $ 252,000 |
| Otsego County Michigan | 7 | $ 1,515,000 | $ 216,000 | $ 224,000 |
| St. Joseph County Michigan | 7 | $ 1,345,000 | $ 192,000 | $ 142,000 |
| Cuyahoga County Ohio | 7 | $ 1,605,000 | $ 229,000 | $ 116,000 |
| Charlotte County Florida | 6 | $ 1,870,000 | $ 311,000 | $ 217,000 |
| Manatee County Florida | 6 | $ 6,550,000 | $ 1,091,000 | $ 441,000 |
| Sarasota County Florida | 6 | $ 2,460,000 | $ 410,000 | $ 373,000 |
| Ogemaw County Michigan | 6 | $ 510,000 | $ 85,000 | $ 85,000 |
| St. Clair County Michigan | 6 | $ 1,210,000 | $ 201,000 | $ 120,000 |
| Lee County Florida | 5 | $ 2,095,000 | $ 419,000 | $ 553,000 |
| Manistee County Michigan | 5 | $ 915,000 | $ 183,000 | $ 96,000 |
| Monroe County Michigan | 5 | $ 815,000 | $ 163,000 | $ 70,000 |
| Presque Isle County Michigan | 5 | $ 575,000 | $ 115,000 | $ 75,000 |
| Delaware County Ohio | 5 | $ 665,000 | $ 133,000 | $ 229,000 |
| Lake County Ohio | 5 | $ 1,275,000 | $ 255,000 | $ 223,000 |
| Stark County Ohio | 5 | $ 525,000 | $ 105,000 | $ 103,000 |
| Cass County Michigan | 4 | $ 820,000 | $ 205,000 | $ 82,000 |
| Portage County Ohio | 4 | $ 890,000 | $ 222,000 | $ 254,000 |
| Pinellas County Florida | 3 | $ 1,435,000 | $ 478,000 | $ 184,000 |
| Cook County Illinois | 3 | $ 1,005,000 | $ 335,000 | $ 512,000 |
| LaPorte County Indiana | 3 | $ 385,000 | $ 128,000 | $ 71,000 |
| Crawford County Michigan | 3 | $ 575,000 | $ 191,000 | $ 182,000 |
| Hillsdale County Michigan | 3 | $ 495,000 | $ 165,000 | $ 83,000 |
| Iosco County Michigan | 3 | $ 215,000 | $ 71,000 | $ 103,000 |
| Hamilton County Ohio | 3 | $ 815,000 | $ 271,000 | $ 240,000 |
| Medina County Ohio | 3 | $ 655,000 | $ 218,000 | $ 165,000 |
| Collier County Florida | 2 | $ 590,000 | $ 295,000 | $ 616,000 |
| DeSoto County Florida | 2 | $ 570,000 | $ 285,000 | $ 81,000 |
| Flagler County Florida | 2 | $ 630,000 | $ 315,000 | $ 116,000 |
| Miami-Dade County Florida | 2 | $ 2,730,000 | $ 1,365,000 | $ 609,000 |
| Allen County Indiana | 2 | $ 370,000 | $ 185,000 | $ 60,000 |
| Alcona County Michigan | 2 | $ 250,000 | $ 125,000 | $ 156,000 |
| Cheboygan County Michigan | 2 | $ 900,000 | $ 450,000 | $ 100,000 |
| Chippewa County Michigan | 2 | $ 380,000 | $ 190,000 | $ 263,000 |
| Delta County Michigan | 2 | $ 290,000 | $ 145,000 | $ 58,000 |
| Marquette County Michigan | 2 | $ 400,000 | $ 200,000 | $ 130,000 |
| Montmorency County Michigan | 2 | $ 460,000 | $ 230,000 | $ 151,000 |
| Franklin County Ohio | 2 | $ 420,000 | $ 210,000 | $ 356,000 |
| Union County Ohio | 2 | $ 450,000 | $ 225,000 | $ 55,000 |
| Brevard County Florida | 1 | $ 195,000 | $ 195,000 | $ 159,000 |
| Broward County Florida | 1 | $ 725,000 | $ 725,000 | $ 685,000 |
| Escambia County Florida | 1 | $ 215,000 | $ 215,000 | $ 108,000 |
| Hillsborough County Florida | 1 | $ 255,000 | $ 255,000 | $ 74,000 |
| Okaloosa County Florida | 1 | $ 325,000 | $ 325,000 | $ 431,000 |
| Orange County Florida | 1 | $ 375,000 | $ 375,000 | $ 215,000 |
| Palm Beach County Florida | 1 | $ 145,000 | $ 145,000 | $ 77,000 |
| Polk County Florida | 1 | $ 105,000 | $ 105,000 | $ 117,000 |
| Walton County Florida | 1 | $ 345,000 | $ 345,000 | $ 316,000 |
| Spalding County Georgia | 1 | $ 45,000 | $ 45,000 | $ 60,000 |
| DuPage County Illinois | 1 | $ 455,000 | $ 455,000 | $ 238,000 |
| Boone County Indiana | 1 | $ 145,000 | $ 145,000 | $ 81,000 |
| Brown County Indiana | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Jay County Indiana | 1 | $ 65,000 | $ 65,000 | $ 37,000 |
| Marion County Indiana | 1 | $ 205,000 | $ 205,000 | $ 257,000 |
| Caddo County Louisiana | 1 | $ 5,000 | $ 5,000 | $ 24,000 |
| Alger County Michigan | 1 | $ 75,000 | $ 75,000 | $ 16,000 |
| Alpena County Michigan | 1 | $ 55,000 | $ 55,000 | $ 85,000 |
| Branch County Michigan | 1 | $ 105,000 | $ 105,000 | $ 190,000 |
| Lenawee County Michigan | 1 | $ 245,000 | $ 245,000 | $ 173,000 |
| Luce County Michigan | 1 | $ 505,000 | $ 505,000 | $ 121,000 |
| Oscoda County Michigan | 1 | $ 145,000 | $ 145,000 | $ 151,000 |
| Beaufort County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 79,000 |
| New Hanover County North Carolina | 1 | $ 495,000 | $ 495,000 | $ 240,000 |
| Onslow County North Carolina | 1 | $ 715,000 | $ 715,000 | $ 1,461,000 |
| Clark County Ohio | 1 | $ 65,000 | $ 65,000 | $ 217,000 |
| Erie County Ohio | 1 | $ 255,000 | $ 255,000 | $ 95,000 |
| Jefferson County Ohio | 1 | $ 75,000 | $ 75,000 | $ 200,000 |
| Lucas County Ohio | 1 | $ 145,000 | $ 145,000 | $ 78,000 |
| Montgomery County Ohio | 1 | $ 25,000 | $ 25,000 | $ 105,000 |
| Morrow County Ohio | 1 | $ 25,000 | $ 25,000 | $ 84,000 |
| Williams County Ohio | 1 | $ 175,000 | $ 175,000 | $ 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 2023
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 | 2,171 | $697,335,000 | $321,000 | $14,775,000 | $170,000 | $8,031,000 |
| Home Improvement | 607 | $55,935,000 | $92,000 | $1,715,000 | $130,000 | $1,426,000 |
| Other Purpose | 470 | $46,150,000 | $98,000 | $2,005,000 | $122,000 | $1,743,000 |
| Cash-out Refinancing | 253 | $66,905,000 | $264,000 | $17,705,000 | $120,000 | $1,375,000 |
| Refinancing | 194 | $32,890,000 | $169,000 | $905,000 | $140,000 | $1,426,000 |
| 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 | 3,092 | $710,150,000 | $229,000 | $3,005,000 | $151,000 | $8,031,000 |
| Not Provided | 255 | $66,555,000 | $261,000 | $1,925,000 | $170,000 | $1,029,000 |
| Black or African American | 117 | $26,925,000 | $230,000 | $2,805,000 | $115,000 | $1,200,000 |
| Hispanic | 94 | $13,030,000 | $138,000 | $705,000 | $95,000 | $435,000 |
| Asian | 57 | $20,505,000 | $359,000 | $1,635,000 | $227,000 | $1,375,000 |
| Not applicable | 36 | $44,420,000 | $1,233,000 | $17,705,000 | $0 | $0 |
| American Indian or Alaskan Native | 18 | $3,550,000 | $197,000 | $455,000 | $120,000 | $406,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,650,000 | $412,000 | $585,000 | $193,000 | $310,000 |
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) | 3,513 | $865,295,000 | $246,000 | $17,705,000 | $156,000 | $8,031,000 |
| FHA-insured (Federal Housing Administration) | 150 | $25,670,000 | $171,000 | $435,000 | $71,000 | $212,000 |
| VA-guaranteed (Veterans Administration) | 25 | $7,355,000 | $294,000 | $525,000 | $106,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $895,000 | $127,000 | $195,000 | $54,000 | $62,000 |
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 | 2,428 | $649,150,000 | $267,000 | $17,705,000 | $162,000 | $8,031,000 |
| Application Denied By Financial Institution | 555 | $76,625,000 | $138,000 | $1,635,000 | $98,000 | $1,374,000 |
| Application Withdrawn By Applicant | 553 | $142,035,000 | $256,000 | $2,255,000 | $165,000 | $4,825,000 |
| File Closed For Incompleteness | 98 | $18,470,000 | $188,000 | $1,385,000 | $138,000 | $700,000 |
| Application Approved But Not Accepted | 27 | $4,855,000 | $179,000 | $825,000 | $140,000 | $571,000 |
| Loan Purchased By The Institution | 25 | $5,835,000 | $233,000 | $585,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 9 | $2,245,000 | $249,000 | $905,000 | $106,000 | $409,000 |
| Preapproval Approved but not Accepted | 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 | 3,131 | $820,345,000 | $262,000 | $17,705,000 | $162,000 | $8,031,000 |
| Debt-To-Income Ratio | 274 | $45,970,000 | $167,000 | $1,635,000 | $89,000 | $637,000 |
| Credit History | 179 | $13,975,000 | $78,000 | $525,000 | $86,000 | $463,000 |
| Collateral | 68 | $6,670,000 | $98,000 | $755,000 | $138,000 | $1,374,000 |
| Other | 21 | $5,705,000 | $271,000 | $1,325,000 | $206,000 | $689,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,595,000 | $326,000 | $1,605,000 | $109,000 | $259,000 |
| Employment History | 6 | $1,260,000 | $210,000 | $425,000 | $45,000 | $189,000 |
| Credit Application Incomplete | 3 | $1,235,000 | $411,000 | $905,000 | $193,000 | $409,000 |
| Unverifiable Information | 2 | $460,000 | $230,000 | $285,000 | $66,000 | $86,000 |
| 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.