Home Point Financial Corporation
Mortgage Loan Application
Totals and Details
for 2012

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 Home Point Financial Corporation.
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and explore the loan application details and stats broken down by several loan categories from 2003-2022.

Mortgage Company & Address Home Point Financial Corporation
1194 Oak Valley Drive, Suite 80
Ann Arbor, MI 48108
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 11,146
Total Mortgage Loan Application Amount $2,342,654,000
Average Mortgage Loan Application Amount $222,666
Highest Mortgage Loan Application Amount $965,000
Average Applicant Income $87,000
Highest Applicant Income $1,235,000

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 Home Point Financial Corporation by Metropolitan Area in 2012

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 1,525 $ 307,740,000 $ 209,000 $ 74,000
EDISON-NEW BRUNSWICK, NJ 634 $ 162,634,000 $ 256,000 $ 91,000
NEWARK-UNION, NJ-PA 572 $ 149,363,000 $ 223,000 $ 80,000
BOSTON-QUINCY, MA 385 $ 99,499,000 $ 258,000 $ 82,000
PHILADELPHIA, PA 331 $ 61,195,000 $ 184,000 $ 73,000
BALTIMORE-TOWSON, MD 316 $ 68,398,000 $ 216,000 $ 78,000
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 312 $ 91,408,000 $ 241,500 $ 99,500
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 285 $ 77,530,000 $ 272,000 $ 85,000
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 279 $ 69,087,000 $ 241,750 $ 93,750
INDIANAPOLIS-CARMEL, IN 260 $ 40,950,000 $ 157,000 $ 70,000
CAMDEN, NJ 201 $ 40,728,000 $ 202,000 $ 83,000
MANCHESTER-NASHUA, NH 177 $ 36,441,000 $ 205,000 $ 78,000
WORCESTER, MA 176 $ 36,501,000 $ 207,000 $ 76,000
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 169 $ 36,529,000 $ 216,000 $ 84,000
GARY, IN 168 $ 31,247,000 $ 185,000 $ 77,000
TAMPA-ST. PETERSBURG-CLEARWATER, FL 159 $ 28,796,000 $ 181,000 $ 85,000
BETHESDA-ROCKVILLE-FREDERICK, MD 138 $ 38,885,000 $ 281,000 $ 85,000
ORLANDO-KISSIMMEE-SANFORD, FL 128 $ 26,750,000 $ 208,000 $ 88,000
PEABODY, MA 125 $ 30,876,000 $ 247,000 $ 77,000
LOS ANGELES-LONG BEACH-GLENDALE, CA 124 $ 32,139,000 $ 259,000 $ 74,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 123 $ 24,386,000 $ 207,500 $ 75,000
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 123 $ 24,731,000 $ 201,000 $ 74,000
SPRINGFIELD, MA 98 $ 17,912,000 $ 182,000 $ 63,000
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 92 $ 18,302,000 $ 198,000 $ 72,000
WILMINGTON, DE-MD-NJ 92 $ 18,114,000 $ 204,000 $ 73,333
PITTSBURGH, PA 84 $ 13,518,000 $ 160,000 $ 69,000
BRIDGEPORT-STAMFORD-NORWALK, CT 71 $ 21,036,000 $ 296,000 $ 101,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 61 $ 13,244,000 $ 238,500 $ 66,000
NEW HAVEN-MILFORD, CT 58 $ 12,850,000 $ 221,000 $ 79,000
CINCINNATI-MIDDLETOWN, OH-KY-IN 57 $ 9,714,000 $ 172,333 $ 73,000
CLEVELAND-ELYRIA-MENTOR, OH 56 $ 8,130,000 $ 145,000 $ 68,000
BARNSTABLE TOWN, MA 55 $ 14,330,000 $ 260,000 $ 95,000
HARRISBURG-CARLISLE, PA 54 $ 8,937,000 $ 165,000 $ 73,000
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 54 $ 10,506,000 $ 194,000 $ 58,000
YORK-HANOVER, PA 54 $ 10,128,000 $ 187,000 $ 72,000
ATLANTA-SANDY SPRINGS-MARIETTA, GA 53 $ 10,828,000 $ 204,000 $ 78,000
LOUISVILLE/JEFFERSON COUNTY, KY-IN 53 $ 9,097,000 $ 167,000 $ 57,500
ATLANTIC CITY-HAMMONTON, NJ 51 $ 9,459,000 $ 185,000 $ 71,000
CHARLOTTE-GASTONIA-ROCK HILL, NC-SC 51 $ 7,857,000 $ 97,500 $ 75,500
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL 49 $ 10,048,000 $ 205,000 $ 74,000
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME 46 $ 9,071,000 $ 197,000 $ 71,000
TRENTON-EWING, NJ 44 $ 9,770,000 $ 222,000 $ 87,000
FORT WAYNE, IN 40 $ 5,717,000 $ 142,000 $ 62,000
LAKELAND-WINTER HAVEN, FL 40 $ 5,985,000 $ 149,000 $ 66,000
COLUMBUS, OH 38 $ 5,664,000 $ 149,000 $ 74,000
BURLINGTON-SOUTH BURLINGTON, VT 36 $ 7,361,000 $ 204,000 $ 63,000
LANCASTER, PA 36 $ 6,214,000 $ 172,000 $ 74,000
JACKSONVILLE, FL 35 $ 6,222,000 $ 177,000 $ 74,000
MIAMI-MIAMI BEACH-KENDALL, FL 33 $ 7,822,000 $ 237,000 $ 94,000
NORWICH-NEW LONDON, CT 32 $ 6,901,000 $ 215,000 $ 83,000
EVANSVILLE, IN-KY 31 $ 4,798,000 $ 156,500 $ 55,500
RICHMOND, VA 31 $ 5,766,000 $ 186,000 $ 81,000
LAFAYETTE, IN 27 $ 4,068,000 $ 150,000 $ 61,000
OCEAN CITY, NJ 27 $ 5,956,000 $ 220,000 $ 91,000
WARREN-TROY-FARMINGTON HILLS, MI 27 $ 4,737,000 $ 175,000 $ 74,000
HOUSTON-SUGAR LAND-BAYTOWN, TX 26 $ 1,911,000 $ 73,000 $ 69,000
NORTH PORT-BRADENTON-SARASOTA, FL 26 $ 5,478,000 $ 210,000 $ 83,000
SCRANTON--WILKES-BARRE, PA 26 $ 3,993,000 $ 153,000 $ 60,000
HAGERSTOWN-MARTINSBURG, MD-WV 25 $ 4,538,000 $ 184,000 $ 69,000
READING, PA 25 $ 4,548,000 $ 181,000 $ 78,000
SOUTH BEND-MISHAWAKA, IN-MI 25 $ 3,497,000 $ 157,000 $ 81,500
VINELAND-MILLVILLE-BRIDGETON, NJ 25 $ 4,296,000 $ 171,000 $ 72,000
SANTA ANA-ANAHEIM-IRVINE, CA 24 $ 7,226,000 $ 301,000 $ 91,000
ELKHART-GOSHEN, IN 22 $ 3,166,000 $ 143,000 $ 58,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 21 $ 3,821,000 $ 181,000 $ 74,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 21 $ 3,539,000 $ 168,000 $ 83,000
DOVER, DE 20 $ 3,256,000 $ 162,000 $ 57,000
CHICAGO-JOLIET-NAPERVILLE, IL 19 $ 2,726,000 $ 143,000 $ 75,000
DALLAS-PLANO-IRVING, TX 17 $ 1,382,000 $ 81,000 $ 75,000
FRESNO, CA 17 $ 3,458,000 $ 203,000 $ 71,000
PORT ST. LUCIE, FL 16 $ 3,351,000 $ 209,000 $ 85,000
CAPE CORAL-FORT MYERS, FL 14 $ 2,712,000 $ 193,000 $ 90,000
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 14 $ 2,579,000 $ 184,000 $ 83,000
SALEM, OR 14 $ 2,101,000 $ 150,000 $ 60,000
AKRON, OH 13 $ 2,028,000 $ 156,000 $ 76,000
BLOOMINGTON, IN 13 $ 2,131,000 $ 163,000 $ 72,000
TOLEDO, OH 13 $ 1,876,000 $ 144,000 $ 62,000
KOKOMO, IN 12 $ 1,772,000 $ 147,000 $ 57,000
SALISBURY, MD 12 $ 2,008,000 $ 167,000 $ 71,000
ANDERSON, IN 11 $ 1,600,000 $ 145,000 $ 71,000
DAYTON, OH 11 $ 1,722,000 $ 156,000 $ 74,000
FORT WORTH-ARLINGTON, TX 11 $ 574,000 $ 52,000 $ 65,000
LEBANON, PA 11 $ 1,803,000 $ 163,000 $ 60,000
MICHIGAN CITY-LA PORTE, IN 11 $ 1,956,000 $ 177,000 $ 52,000
BANGOR, ME 10 $ 1,610,000 $ 161,000 $ 54,000
CHARLESTON-NORTH CHARLESTON-SUMMERVILLE, SC 10 $ 1,660,000 $ 166,000 $ 73,000
COLUMBUS, IN 10 $ 1,539,000 $ 153,000 $ 76,000
GREENSBORO-HIGH POINT, NC 10 $ 1,001,000 $ 100,000 $ 58,000
LEWISTON-AUBURN, ME 10 $ 1,671,000 $ 167,000 $ 61,000
LEXINGTON-FAYETTE, KY 10 $ 1,444,000 $ 144,000 $ 45,000
MUNCIE, IN 10 $ 1,318,000 $ 131,000 $ 72,000
RALEIGH-CARY, NC 10 $ 1,720,000 $ 172,000 $ 88,000
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA 10 $ 2,622,000 $ 262,000 $ 89,000
STATE COLLEGE, PA 10 $ 1,626,000 $ 162,000 $ 51,000
TERRE HAUTE, IN 10 $ 1,547,000 $ 154,000 $ 74,000
BEND, OR 9 $ 1,566,000 $ 174,000 $ 103,000
GREENVILLE-MAULDIN-EASLEY, SC 9 $ 1,443,000 $ 160,000 $ 81,000
PENSACOLA-FERRY PASS-BRENT, FL 9 $ 1,396,000 $ 155,000 $ 61,000
SAN DIEGO-CARLSBAD-SAN MARCOS, CA 9 $ 3,035,000 $ 337,000 $ 129,000
VALLEJO-FAIRFIELD, CA 9 $ 2,759,000 $ 306,000 $ 94,000
BAY CITY, MI 8 $ 744,000 $ 93,000 $ 48,000
CANTON-MASSILLON, OH 8 $ 987,000 $ 123,000 $ 55,000
DETROIT-LIVONIA-DEARBORN, MI 8 $ 1,008,000 $ 126,000 $ 77,000
MEDFORD, OR 8 $ 1,271,000 $ 158,000 $ 47,000
OAKLAND-FREMONT-HAYWARD, CA 8 $ 2,812,000 $ 351,000 $ 99,000
OCALA, FL 8 $ 1,728,000 $ 216,000 $ 112,000
PANAMA CITY-LYNN HAVEN-PANAMA CITY BEACH, FL 8 $ 1,726,000 $ 215,000 $ 92,000
PITTSFIELD, MA 8 $ 1,355,000 $ 169,000 $ 58,000
TACOMA, WA 8 $ 1,569,000 $ 196,000 $ 61,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 8 $ 1,265,000 $ 158,000 $ 58,500
CUMBERLAND, MD-WV 7 $ 1,106,000 $ 157,000 $ 51,000
ERIE, PA 7 $ 1,023,000 $ 146,000 $ 52,000
GAINESVILLE, FL 7 $ 713,000 $ 101,000 $ 83,000
MEMPHIS, TN-MS-AR 7 $ 782,000 $ 111,000 $ 50,000
SAN ANTONIO-NEW BRAUNFELS, TX 7 $ 659,000 $ 94,000 $ 63,000
SEATTLE-BELLEVUE-EVERETT, WA 7 $ 1,758,000 $ 251,000 $ 89,000
SEBASTIAN-VERO BEACH, FL 7 $ 1,389,000 $ 198,000 $ 74,000
WILLIAMSPORT, PA 7 $ 934,000 $ 133,000 $ 60,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 6 $ 1,304,000 $ 217,000 $ 105,000
EUGENE-SPRINGFIELD, OR 6 $ 1,303,000 $ 217,000 $ 83,000
JOHNSTOWN, PA 6 $ 906,000 $ 151,000 $ 65,000
LYNCHBURG, VA 6 $ 583,000 $ 97,000 $ 60,000
NAPLES-MARCO ISLAND, FL 6 $ 1,518,000 $ 253,000 $ 85,000
PUNTA GORDA, FL 6 $ 1,138,000 $ 189,000 $ 71,000
ROANOKE, VA 6 $ 894,000 $ 149,000 $ 71,000
AUSTIN-ROUND ROCK-SAN MARCOS, TX 5 $ 499,000 $ 99,000 $ 71,000
HICKORY-LENOIR-MORGANTON, NC 5 $ 674,000 $ 134,000 $ 54,000
MODESTO, CA 5 $ 1,416,000 $ 283,000 $ 129,000
PHOENIX-MESA-GLENDALE, AZ 5 $ 1,257,000 $ 251,000 $ 98,000
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 5 $ 2,183,000 $ 436,000 $ 110,000
ANDERSON, SC 4 $ 204,000 $ 51,000 $ 71,000
BAKERSFIELD-DELANO, CA 4 $ 803,000 $ 200,000 $ 89,000
BREMERTON-SILVERDALE, WA 4 $ 810,000 $ 202,000 $ 89,000
COLUMBIA, SC 4 $ 318,000 $ 79,000 $ 64,000
CORPUS CHRISTI, TX 4 $ 402,000 $ 100,000 $ 79,000
FAYETTEVILLE, NC 4 $ 279,000 $ 69,000 $ 63,000
GAINESVILLE, GA 4 $ 651,000 $ 162,000 $ 39,000
HUNTINGTON-ASHLAND, WV-KY-OH 4 $ 695,000 $ 182,000 $ 58,000
KNOXVILLE, TN 4 $ 296,000 $ 74,000 $ 69,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 4 $ 900,000 $ 225,000 $ 100,000
PARKERSBURG-MARIETTA-VIENNA, WV-OH 4 $ 511,000 $ 124,000 $ 78,000
TALLAHASSEE, FL 4 $ 570,000 $ 142,000 $ 64,000
ASHEVILLE, NC 3 $ 663,000 $ 221,000 $ 62,000
BEAUMONT-PORT ARTHUR, TX 3 $ 107,000 $ 35,000 $ 61,000
BOWLING GREEN, KY 3 $ 347,000 $ 115,000 $ 56,000
CHARLOTTESVILLE, VA 3 $ 587,000 $ 195,000 $ 75,000
CHATTANOOGA, TN-GA 3 $ 341,000 $ 113,000 $ 104,000
DENVER-AURORA-BROOMFIELD, CO 3 $ 511,000 $ 170,000 $ 67,000
EL PASO, TX 3 $ 252,000 $ 84,000 $ 65,000
ELIZABETHTOWN, KY 3 $ 420,000 $ 140,000 $ 61,000
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 3 $ 875,000 $ 291,000 $ 85,000
MONTGOMERY, AL 3 $ 556,000 $ 185,000 $ 92,000
MORGANTOWN, WV 3 $ 789,000 $ 263,000 $ 88,000
MORRISTOWN, TN 3 $ 409,000 $ 136,000 $ 43,000
OXNARD-THOUSAND OAKS-VENTURA, CA 3 $ 1,045,000 $ 348,000 $ 79,000
PALM COAST, FL 3 $ 507,000 $ 169,000 $ 62,000
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 3 $ 1,748,000 $ 582,000 $ 166,000
SPOKANE, WA 3 $ 570,000 $ 190,000 $ 71,000
WILMINGTON, NC 3 $ 421,000 $ 140,000 $ 67,000
WINCHESTER, VA-WV 3 $ 611,000 $ 229,000 $ 44,000
ALTOONA, PA 2 $ 186,000 $ 93,000 $ 46,000
AUGUSTA-RICHMOND COUNTY, GA-SC 2 $ 338,000 $ 169,000 $ 67,000
BIRMINGHAM-HOOVER, AL 2 $ 325,000 $ 162,000 $ 55,000
CORVALLIS, OR 2 $ 607,000 $ 303,000 $ 44,000
DURHAM-CHAPEL HILL, NC 2 $ 427,000 $ 213,000 $ 145,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 2 $ 314,000 $ 157,000 $ 71,000
LONGVIEW, TX 2 $ 205,000 $ 102,000 $ 78,000
OWENSBORO, KY 2 $ 277,000 $ 138,000 $ 81,000
ROCKY MOUNT, NC 2 $ 88,000 $ 44,000 $ 80,000
SANTA BARBARA-SANTA MARIA-GOLETA, CA 2 $ 593,000 $ 296,000 $ 56,000
SAVANNAH, GA 2 $ 523,000 $ 261,000 $ 109,000
SPARTANBURG, SC 2 $ 100,000 $ 50,000 $ 65,000
ST. LOUIS, MO-IL 2 $ 224,000 $ 112,000 $ 95,000
STOCKTON, CA 2 $ 400,000 $ 200,000 $ 62,000
TYLER, TX 2 $ 222,000 $ 111,000 $ 97,000
VISALIA-PORTERVILLE, CA 2 $ 231,000 $ 115,000 $ 60,000
WINSTON-SALEM, NC 2 $ 92,000 $ 46,000 $ 60,000
BOULDER, CO 1 $ 211,000 $ 211,000 $ 70,000
BRUNSWICK, GA 1 $ 45,000 $ 45,000 $ 65,000
BURLINGTON, NC 1 $ 135,000 $ 135,000 $ 60,000
CHARLESTON, WV 1 $ 187,000 $ 187,000 $ 67,000
CLARKSVILLE, TN-KY 1 $ 148,000 $ 148,000 $ 65,000
CLEVELAND, TN 1 $ 95,000 $ 95,000 $ 51,000
COLORADO SPRINGS, CO 1 $ 165,000 $ 165,000 $ 80,000
DANVILLE, IL 1 $ 52,000 $ 52,000 $ 90,000
DANVILLE, VA 1 $ 22,000 $ 22,000 $ 65,000
DOTHAN, AL 1 $ 103,000 $ 103,000 $ 50,000
EL CENTRO, CA 1 $ 51,000 $ 51,000 $ 60,000
FLINT, MI 1 $ 81,000 $ 81,000 $ 74,000
FLORENCE-MUSCLE SHOALS, AL 1 $ 112,000 $ 112,000 $ 71,000
GADSDEN, AL 1 $ 86,000 $ 86,000 $ 65,000
GRAND RAPIDS-WYOMING, MI 1 $ 69,000 $ 69,000 $ 65,000
GREELEY, CO 1 $ 210,000 $ 210,000 $ 100,000
GREENVILLE, NC 1 $ 175,000 $ 175,000 $ 36,000
HANFORD-CORCORAN, CA 1 $ 227,000 $ 227,000 $ 67,000
HUNTSVILLE, AL 1 $ 136,000 $ 136,000 $ 47,000
IDAHO FALLS, ID 1 $ 281,000 $ 281,000 $ 90,000
JACKSON, TN 1 $ 58,000 $ 58,000 $ 65,000
KANSAS CITY, MO-KS 1 $ 141,000 $ 141,000 $ 50,000
KILLEEN-TEMPLE-FORT HOOD, TX 1 $ 80,000 $ 80,000 $ 60,000
LAS VEGAS-PARADISE, NV 1 $ 235,000 $ 235,000 $ 155,000
LIMA, OH 1 $ 133,000 $ 133,000 $ 39,000
MADERA-CHOWCHILLA, CA 1 $ 329,000 $ 329,000 $ 106,000
MANSFIELD, OH 1 $ 175,000 $ 175,000 $ 880,000
MCALLEN-EDINBURG-MISSION, TX 1 $ 98,000 $ 98,000 $ 65,000
MILWAUKEE-WAUKESHA-WEST ALLIS, WI 1 $ 182,000 $ 182,000 $ 113,000
MOBILE, AL 1 $ 283,000 $ 283,000 $ 149,000
MUSKEGON-NORTON SHORES, MI 1 $ 110,000 $ 110,000 $ 54,000
NILES-BENTON HARBOR, MI 1 $ 179,000 $ 179,000 $ 80,000
PUEBLO, CO 1 $ 137,000 $ 137,000 $ 42,000
ROCKFORD, IL 1 $ 87,000 $ 87,000 $ 65,000
SAGINAW-SAGINAW TOWNSHIP NORTH, MI 1 $ 131,000 $ 131,000 $ 61,000
SANDUSKY, OH 1 $ 171,000 $ 171,000 $ 165,000
SANTA ROSA-PETALUMA, CA 1 $ 301,000 $ 301,000 $ 110,000
SHERMAN-DENISON, TX 1 $ 53,000 $ 53,000 $ 60,000
TUCSON, AZ 1 $ 159,000 $ 159,000 $ 87,000
WHEELING, WV-OH 1 $ 164,000 $ 164,000 $ 104,000
YUBA CITY, CA 1 $ 39,000 $ 39,000 $ 60,000

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 Home Point Financial Corporation in 2012

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 9,775 $2,069,203,000 $211,000 $965,000 $79,000 $1,235,000
Home Purchase 1,316 $259,076,000 $196,000 $736,000 $71,000 $858,000
Home Improvement 55 $14,375,000 $261,000 $722,000 $111,000 $543,000

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 6,901 $1,445,484,000 $209,000 $743,000 $78,000 $1,235,000
Not applicable 1,889 $413,299,000 $218,000 $651,000 $83,000 $565,000
Black or African American 806 $140,641,000 $174,000 $728,000 $72,000 $543,000
Hispanic 642 $136,068,000 $211,000 $666,000 $67,000 $296,000
Not Provided 582 $126,047,000 $216,000 $965,000 $78,000 $606,000
Asian 285 $71,492,000 $250,000 $741,000 $92,000 $1,055,000
American Indian or Alaskan Native 32 $8,583,000 $268,000 $568,000 $84,000 $350,000
Native Hawaiian or Other Pacific Islander 9 $1,040,000 $115,000 $208,000 $60,000 $65,000

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
FHA-insured (Federal Housing Administration) 5,794 $1,176,504,000 $203,000 $727,000 $73,000 $1,235,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 5,104 $1,112,748,000 $218,000 $965,000 $85,000 $1,055,000
VA-guaranteed (Veterans Administration) 156 $35,120,000 $225,000 $695,000 $75,000 $367,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 92 $18,282,000 $198,000 $388,000 $60,000 $153,000

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
Application Withdrawn By Applicant 4,511 $926,092,000 $205,000 $741,000 $76,000 $1,235,000
Loan Originated 2,710 $579,661,000 $213,000 $743,000 $82,000 $858,000
Loan Purchased By The Institution 1,907 $417,678,000 $219,000 $651,000 $83,000 $565,000
Application Denied By Financial Institution 1,498 $308,949,000 $206,000 $965,000 $71,000 $1,055,000
Application Approved But Not Accepted 429 $91,289,000 $212,000 $660,000 $81,000 $388,000
File Closed For Incompleteness 87 $17,935,000 $206,000 $415,000 $65,000 $150,000
Preapproval Denied by Financial Institution 4 $1,050,000 $262,000 $380,000 $67,000 $130,000
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
Debt-To-Income Ratio 509 $111,974,000 $219,000 $529,000 $52,000 $218,000
Credit History 322 $64,321,000 $199,000 $965,000 $73,000 $880,000
Other 274 $61,186,000 $223,000 $666,000 $97,000 $1,055,000
Collateral 100 $21,409,000 $214,000 $646,000 $78,000 $350,000
Employment History 28 $7,161,000 $255,000 $736,000 $77,000 $413,000
Insufficient Cash (Downpayment, Closing Cost) 28 $5,705,000 $203,000 $334,000 $67,000 $158,000
Unverifiable Information 22 $5,014,000 $227,000 $586,000 $81,000 $294,000
Mortgage Insurance Denied 4 $994,000 $248,000 $382,000 $110,000 $195,000
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.

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