Mercantile Bank Of Michigan
Mortgage Loan Application
Totals and Details
for 2021
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 Mercantile Bank Of Michigan.
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 | Mercantile Bank Of Michigan 310 Leonard St Nw Grand Rapids, MI 49504 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 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,249 |
| Total Mortgage Loan Application Amount | $1,318,825,000 |
| Average Mortgage Loan Application Amount | $206,200 |
| Highest Mortgage Loan Application Amount | $31,005,000 |
| Average Applicant Income | $122,600 |
| Highest Applicant Income | $3,778,000 |
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 | 1,062 | $ 304,580,000 | $ 286,000 | $ 138,000 |
| Ottawa County Michigan | 444 | $ 115,580,000 | $ 260,000 | $ 124,000 |
| Gratiot County Michigan | 305 | $ 32,905,000 | $ 107,000 | $ 70,000 |
| Isabella County Michigan | 280 | $ 39,570,000 | $ 141,000 | $ 88,000 |
| Oakland County Michigan | 226 | $ 80,320,000 | $ 355,000 | $ 168,000 |
| Emmet County Michigan | 189 | $ 61,745,000 | $ 326,000 | $ 159,000 |
| Ogemaw County Michigan | 164 | $ 17,870,000 | $ 108,000 | $ 80,000 |
| Ionia County Michigan | 157 | $ 25,315,000 | $ 161,000 | $ 82,000 |
| Allegan County Michigan | 154 | $ 43,270,000 | $ 280,000 | $ 126,000 |
| Kalamazoo County Michigan | 145 | $ 34,205,000 | $ 235,000 | $ 153,000 |
| Midland County Michigan | 140 | $ 25,170,000 | $ 179,000 | $ 102,000 |
| Hamilton County Ohio | 138 | $ 44,810,000 | $ 324,000 | $ 157,000 |
| Montcalm County Michigan | 120 | $ 18,030,000 | $ 150,000 | $ 88,000 |
| Macomb County Michigan | 108 | $ 30,950,000 | $ 286,000 | $ 118,000 |
| Clare County Michigan | 92 | $ 10,190,000 | $ 110,000 | $ 70,000 |
| Wexford County Michigan | 83 | $ 13,015,000 | $ 156,000 | $ 113,000 |
| Mecosta County Michigan | 78 | $ 11,280,000 | $ 144,000 | $ 84,000 |
| Clinton County Michigan | 77 | $ 16,735,000 | $ 217,000 | $ 129,000 |
| Butler County Ohio | 69 | $ 13,745,000 | $ 199,000 | $ 90,000 |
| Barry County Michigan | 67 | $ 16,875,000 | $ 251,000 | $ 113,000 |
| Roscommon County Michigan | 64 | $ 7,170,000 | $ 112,000 | $ 92,000 |
| Van Buren County Michigan | 57 | $ 11,655,000 | $ 204,000 | $ 104,000 |
| Muskegon County Michigan | 56 | $ 44,780,000 | $ 799,000 | $ 101,000 |
| Saginaw County Michigan | 54 | $ 25,610,000 | $ 474,000 | $ 97,000 |
| Oscoda County Michigan | 52 | $ 4,190,000 | $ 80,000 | $ 82,000 |
| Wayne County Michigan | 51 | $ 11,375,000 | $ 223,000 | $ 147,000 |
| Gladwin County Michigan | 49 | $ 7,575,000 | $ 154,000 | $ 79,000 |
| Ingham County Michigan | 44 | $ 9,680,000 | $ 220,000 | $ 116,000 |
| Warren County Ohio | 37 | $ 12,865,000 | $ 347,000 | $ 152,000 |
| Bay County Michigan | 36 | $ 3,870,000 | $ 107,000 | $ 111,000 |
| Charlevoix County Michigan | 35 | $ 13,935,000 | $ 398,000 | $ 196,000 |
| Cheboygan County Michigan | 29 | $ 9,785,000 | $ 337,000 | $ 200,000 |
| Missaukee County Michigan | 28 | $ 3,860,000 | $ 137,000 | $ 100,000 |
| Calhoun County Michigan | 26 | $ 4,150,000 | $ 159,000 | $ 81,000 |
| Grand Traverse County Michigan | 26 | $ 8,790,000 | $ 338,000 | $ 199,000 |
| Newaygo County Michigan | 22 | $ 4,280,000 | $ 194,000 | $ 115,000 |
| Montgomery County Ohio | 21 | $ 4,775,000 | $ 227,000 | $ 113,000 |
| Eaton County Michigan | 20 | $ 3,350,000 | $ 167,000 | $ 83,000 |
| Clermont County Ohio | 20 | $ 4,520,000 | $ 226,000 | $ 99,000 |
| Osceola County Michigan | 19 | $ 2,365,000 | $ 124,000 | $ 115,000 |
| Antrim County Michigan | 18 | $ 5,950,000 | $ 330,000 | $ 206,000 |
| Iosco County Michigan | 17 | $ 2,995,000 | $ 176,000 | $ 104,000 |
| Crawford County Michigan | 16 | $ 1,850,000 | $ 115,000 | $ 81,000 |
| Berrien County Michigan | 13 | $ 3,735,000 | $ 287,000 | $ 156,000 |
| Genesee County Michigan | 13 | $ 3,135,000 | $ 241,000 | $ 144,000 |
| Leelanau County Michigan | 13 | $ 7,155,000 | $ 550,000 | $ 354,000 |
| Livingston County Michigan | 13 | $ 5,855,000 | $ 450,000 | $ 237,000 |
| Washtenaw County Michigan | 13 | $ 4,395,000 | $ 338,000 | $ 103,000 |
| Kenton County Kentucky | 12 | $ 2,900,000 | $ 241,000 | $ 140,000 |
| Otsego County Michigan | 12 | $ 2,850,000 | $ 237,000 | $ 111,000 |
| Benzie County Michigan | 11 | $ 3,365,000 | $ 305,000 | $ 416,000 |
| Campbell County Kentucky | 10 | $ 3,300,000 | $ 330,000 | $ 149,000 |
| Lee County Florida | 9 | $ 4,915,000 | $ 546,000 | $ 224,000 |
| Boone County Kentucky | 9 | $ 2,195,000 | $ 243,000 | $ 83,000 |
| Arenac County Michigan | 9 | $ 615,000 | $ 68,000 | $ 80,000 |
| Mason County Michigan | 9 | $ 3,545,000 | $ 393,000 | $ 204,000 |
| Oceana County Michigan | 8 | $ 1,900,000 | $ 237,000 | $ 120,000 |
| Manatee County Florida | 6 | $ 7,100,000 | $ 1,183,000 | $ 537,000 |
| Lake County Michigan | 6 | $ 2,580,000 | $ 430,000 | $ 197,000 |
| Franklin County Ohio | 6 | $ 3,330,000 | $ 555,000 | $ 173,000 |
| Miami County Ohio | 6 | $ 2,100,000 | $ 350,000 | $ 148,000 |
| Osceola County Florida | 5 | $ 20,635,000 | $ 4,127,000 | $ 453,000 |
| Pinellas County Florida | 5 | $ 3,015,000 | $ 603,000 | $ 865,000 |
| Alpena County Michigan | 5 | $ 595,000 | $ 119,000 | $ 84,000 |
| Cass County Michigan | 5 | $ 1,485,000 | $ 297,000 | $ 45,000 |
| Jackson County Michigan | 5 | $ 3,095,000 | $ 619,000 | $ 198,000 |
| Manistee County Michigan | 5 | $ 1,515,000 | $ 303,000 | $ 150,000 |
| Presque Isle County Michigan | 5 | $ 1,005,000 | $ 201,000 | $ 151,000 |
| St. Clair County Michigan | 5 | $ 675,000 | $ 135,000 | $ 51,000 |
| St. Joseph County Michigan | 5 | $ 1,125,000 | $ 225,000 | $ 103,000 |
| Hendricks County Indiana | 4 | $ 740,000 | $ 185,000 | $ 58,000 |
| Alcona County Michigan | 4 | $ 270,000 | $ 67,000 | $ 56,000 |
| Shiawassee County Michigan | 4 | $ 460,000 | $ 115,000 | $ 81,000 |
| Tuscola County Michigan | 4 | $ 540,000 | $ 135,000 | $ 84,000 |
| Collier County Florida | 3 | $ 3,325,000 | $ 1,108,000 | $ 519,000 |
| Polk County Florida | 3 | $ 765,000 | $ 255,000 | $ 153,000 |
| St. Johns County Florida | 3 | $ 1,355,000 | $ 451,000 | $ 106,000 |
| Hamilton County Indiana | 3 | $ 1,645,000 | $ 548,000 | $ 499,000 |
| Chippewa County Michigan | 3 | $ 1,205,000 | $ 401,000 | $ 428,000 |
| Kalkaska County Michigan | 3 | $ 425,000 | $ 141,000 | $ 103,000 |
| Monroe County Michigan | 3 | $ 515,000 | $ 171,000 | $ 94,000 |
| Montmorency County Michigan | 3 | $ 435,000 | $ 145,000 | $ 75,000 |
| Shelby County Ohio | 3 | $ 905,000 | $ 301,000 | $ 131,000 |
| Hamilton County Tennessee | 3 | $ 3,305,000 | $ 1,101,000 | $ 575,000 |
| Maricopa County Arizona | 2 | $ 980,000 | $ 490,000 | $ 306,000 |
| Citrus County Florida | 2 | $ 360,000 | $ 180,000 | $ 49,000 |
| Flagler County Florida | 2 | $ 630,000 | $ 315,000 | $ 675,000 |
| Marion County Florida | 2 | $ 240,000 | $ 120,000 | $ 252,000 |
| Monroe County Florida | 2 | $ 1,090,000 | $ 545,000 | $ 233,000 |
| Orange County Florida | 2 | $ 1,660,000 | $ 830,000 | $ 330,000 |
| Sarasota County Florida | 2 | $ 920,000 | $ 460,000 | $ 298,000 |
| Sumter County Florida | 2 | $ 390,000 | $ 195,000 | $ 73,000 |
| Marion County Indiana | 2 | $ 1,140,000 | $ 570,000 | $ 271,000 |
| St. Joseph County Indiana | 2 | $ 1,310,000 | $ 655,000 | $ 243,000 |
| Grayson County Kentucky | 2 | $ 290,000 | $ 145,000 | $ 79,000 |
| Jefferson County Kentucky | 2 | $ 2,680,000 | $ 1,340,000 | $ 684,000 |
| Mason County Kentucky | 2 | $ 500,000 | $ 250,000 | $ 90,000 |
| Alger County Michigan | 2 | $ 400,000 | $ 200,000 | $ 178,000 |
| Baraga County Michigan | 2 | $ 470,000 | $ 235,000 | $ 141,000 |
| Delta County Michigan | 2 | $ 250,000 | $ 125,000 | $ 182,000 |
| Hillsdale County Michigan | 2 | $ 170,000 | $ 85,000 | $ 225,000 |
| Lapeer County Michigan | 2 | $ 350,000 | $ 175,000 | $ 68,000 |
| Cuyahoga County Ohio | 2 | $ 1,150,000 | $ 575,000 | $ 425,000 |
| Lake County Ohio | 2 | $ 650,000 | $ 325,000 | $ 122,000 |
| Shelby County Tennessee | 2 | $ 570,000 | $ 285,000 | $ 131,000 |
| Mohave County Arizona | 1 | $ 155,000 | $ 155,000 | $ 180,000 |
| Pinal County Arizona | 1 | $ 905,000 | $ 905,000 | $ 390,000 |
| Santa Cruz County California | 1 | $ 325,000 | $ 325,000 | $ 94,000 |
| Hernando County Florida | 1 | $ 95,000 | $ 95,000 | $ 49,000 |
| Martin County Florida | 1 | $ 1,755,000 | $ 1,755,000 | $ 481,000 |
| Palm Beach County Florida | 1 | $ 2,515,000 | $ 2,515,000 | $ 1,798,000 |
| Seminole County Florida | 1 | $ 325,000 | $ 325,000 | $ 400,000 |
| Walton County Florida | 1 | $ 835,000 | $ 835,000 | $ 183,000 |
| Cook County Illinois | 1 | $ 325,000 | $ 325,000 | $ 615,000 |
| Will County Illinois | 1 | $ 235,000 | $ 235,000 | $ 1,440,000 |
| Knox County Indiana | 1 | $ 275,000 | $ 275,000 | $ 120,000 |
| Lake County Indiana | 1 | $ 355,000 | $ 355,000 | $ 155,000 |
| Monroe County Indiana | 1 | $ 815,000 | $ 815,000 | $ 219,000 |
| Morgan County Indiana | 1 | $ 155,000 | $ 155,000 | $ 91,000 |
| Tippecanoe County Indiana | 1 | $ 195,000 | $ 195,000 | $ 50,000 |
| Hopkins County Kentucky | 1 | $ 145,000 | $ 145,000 | $ 56,000 |
| Madison County Kentucky | 1 | $ 185,000 | $ 185,000 | $ 52,000 |
| Woodford County Kentucky | 1 | $ 125,000 | $ 125,000 | $ 76,000 |
| Branch County Michigan | 1 | $ 175,000 | $ 175,000 | $ 68,000 |
| Gogebic County Michigan | 1 | $ 35,000 | $ 35,000 | $ 19,000 |
| Lenawee County Michigan | 1 | $ 395,000 | $ 395,000 | $ 73,000 |
| Mackinac County Michigan | 1 | $ 285,000 | $ 285,000 | $ 128,000 |
| Marquette County Michigan | 1 | $ 195,000 | $ 195,000 | $ 46,000 |
| Sanilac County Michigan | 1 | $ 155,000 | $ 155,000 | $ 117,000 |
| Schoolcraft County Michigan | 1 | $ 105,000 | $ 105,000 | $ 40,000 |
| Adams County Ohio | 1 | $ 165,000 | $ 165,000 | $ 61,000 |
| Clark County Ohio | 1 | $ 305,000 | $ 305,000 | $ 67,000 |
| Delaware County Ohio | 1 | $ 1,505,000 | $ 1,505,000 | $ 622,000 |
| Greene County Ohio | 1 | $ 95,000 | $ 95,000 | $ 17,000 |
| Highland County Ohio | 1 | $ 205,000 | $ 205,000 | $ 102,000 |
| Hocking County Ohio | 1 | $ 405,000 | $ 405,000 | $ 331,000 |
| Jackson County Ohio | 1 | $ 135,000 | $ 135,000 | $ 114,000 |
| Licking County Ohio | 1 | $ 655,000 | $ 655,000 | $ 313,000 |
| Lorain County Ohio | 1 | $ 755,000 | $ 755,000 | $ 450,000 |
| Medina County Ohio | 1 | $ 405,000 | $ 405,000 | $ 92,000 |
| Mercer County Ohio | 1 | $ 755,000 | $ 755,000 | $ 500,000 |
| Perry County Ohio | 1 | $ 655,000 | $ 655,000 | $ 161,000 |
| Richland County Ohio | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Union County Ohio | 1 | $ 1,715,000 | $ 1,715,000 | $ 284,000 |
| Wood County Ohio | 1 | $ 1,165,000 | $ 1,165,000 | $ 684,000 |
| Sequatchie County Tennessee | 1 | $ 925,000 | $ 925,000 | $ 328,000 |
| Williamson County Tennessee | 1 | $ 1,145,000 | $ 1,145,000 | $ 312,000 |
| Greenbrier County West Virginia | 1 | $ 885,000 | $ 885,000 | $ 377,000 |
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 Mercantile Bank Of Michigan in 2021
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 | 2,249 | $712,655,000 | $316,000 | $31,005,000 | $130,000 | $3,778,000 |
| Refinancing | 1,701 | $342,855,000 | $201,000 | $1,695,000 | $123,000 | $2,056,000 |
| Cash-out Refinancing | 1,036 | $223,910,000 | $216,000 | $3,005,000 | $116,000 | $3,012,000 |
| Other Purpose | 156 | $23,670,000 | $151,000 | $985,000 | $129,000 | $1,818,000 |
| Home Improvement | 107 | $15,735,000 | $147,000 | $1,845,000 | $115,000 | $1,508,000 |
| 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 | 4,152 | $926,090,000 | $223,000 | $4,455,000 | $120,000 | $3,778,000 |
| Not Provided | 554 | $155,420,000 | $280,000 | $2,525,000 | $165,000 | $3,012,000 |
| Hispanic | 286 | $76,140,000 | $266,000 | $1,285,000 | $122,000 | $1,580,000 |
| Black or African American | 121 | $22,035,000 | $182,000 | $815,000 | $71,000 | $400,000 |
| Asian | 78 | $27,300,000 | $350,000 | $1,715,000 | $189,000 | $1,440,000 |
| Not applicable | 34 | $107,640,000 | $3,165,000 | $31,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 16 | $2,010,000 | $125,000 | $285,000 | $57,000 | $108,000 |
| 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) | 5,068 | $1,291,520,000 | $254,000 | $31,005,000 | $127,000 | $3,778,000 |
| FHA-insured (Federal Housing Administration) | 161 | $24,915,000 | $154,000 | $365,000 | $56,000 | $166,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $2,390,000 | $119,000 | $205,000 | $44,000 | $71,000 |
| 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 | 3,948 | $1,036,590,000 | $262,000 | $31,005,000 | $129,000 | $3,778,000 |
| Application Withdrawn By Applicant | 706 | $161,300,000 | $228,000 | $3,005,000 | $130,000 | $3,012,000 |
| Application Denied By Financial Institution | 509 | $100,565,000 | $197,000 | $4,455,000 | $86,000 | $2,056,000 |
| File Closed For Incompleteness | 68 | $17,170,000 | $252,000 | $1,305,000 | $135,000 | $675,000 |
| Application Approved But Not Accepted | 18 | $3,200,000 | $177,000 | $745,000 | $83,000 | $225,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 4,740 | $1,218,260,000 | $257,000 | $31,005,000 | $129,000 | $3,778,000 |
| Debt-To-Income Ratio | 201 | $38,605,000 | $192,000 | $1,505,000 | $52,000 | $456,000 |
| Credit History | 141 | $17,985,000 | $127,000 | $965,000 | $77,000 | $1,044,000 |
| Collateral | 100 | $25,230,000 | $252,000 | $4,455,000 | $129,000 | $1,440,000 |
| Other | 33 | $9,855,000 | $298,000 | $1,695,000 | $173,000 | $2,056,000 |
| Unverifiable Information | 16 | $4,120,000 | $257,000 | $745,000 | $114,000 | $332,000 |
| Employment History | 9 | $1,625,000 | $180,000 | $375,000 | $60,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,325,000 | $332,000 | $665,000 | $101,000 | $175,000 |
| Mortgage Insurance Denied | 2 | $820,000 | $410,000 | $615,000 | $248,000 | $333,000 |
| 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.