Mercantile Bank Of Michigan
Mortgage Loan Application
Totals and Details
for 2022
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 | 3,305 |
| Total Mortgage Loan Application Amount | $896,965,000 |
| Average Mortgage Loan Application Amount | $229,200 |
| Highest Mortgage Loan Application Amount | $12,505,000 |
| Average Applicant Income | $151,400 |
| Highest Applicant Income | $4,945,000 |
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 | 677 | $ 188,475,000 | $ 278,000 | $ 161,000 |
| Ottawa County Michigan | 268 | $ 78,850,000 | $ 294,000 | $ 181,000 |
| Emmet County Michigan | 225 | $ 78,185,000 | $ 347,000 | $ 184,000 |
| Isabella County Michigan | 171 | $ 21,925,000 | $ 128,000 | $ 106,000 |
| Gratiot County Michigan | 152 | $ 13,870,000 | $ 91,000 | $ 77,000 |
| Allegan County Michigan | 103 | $ 32,265,000 | $ 313,000 | $ 171,000 |
| Kalamazoo County Michigan | 101 | $ 32,335,000 | $ 320,000 | $ 181,000 |
| Ionia County Michigan | 96 | $ 22,900,000 | $ 238,000 | $ 75,000 |
| Ogemaw County Michigan | 85 | $ 8,185,000 | $ 96,000 | $ 74,000 |
| Hamilton County Ohio | 78 | $ 34,950,000 | $ 448,000 | $ 183,000 |
| Montcalm County Michigan | 71 | $ 9,145,000 | $ 128,000 | $ 85,000 |
| Midland County Michigan | 61 | $ 19,065,000 | $ 312,000 | $ 159,000 |
| Clare County Michigan | 59 | $ 5,465,000 | $ 92,000 | $ 73,000 |
| Wexford County Michigan | 56 | $ 7,930,000 | $ 141,000 | $ 112,000 |
| Charlevoix County Michigan | 54 | $ 21,480,000 | $ 397,000 | $ 224,000 |
| Oakland County Michigan | 54 | $ 30,120,000 | $ 557,000 | $ 309,000 |
| Saginaw County Michigan | 48 | $ 7,000,000 | $ 145,000 | $ 95,000 |
| Van Buren County Michigan | 48 | $ 10,360,000 | $ 215,000 | $ 149,000 |
| Mecosta County Michigan | 44 | $ 4,150,000 | $ 94,000 | $ 73,000 |
| Roscommon County Michigan | 44 | $ 5,170,000 | $ 117,000 | $ 91,000 |
| Butler County Ohio | 43 | $ 17,035,000 | $ 396,000 | $ 160,000 |
| Cheboygan County Michigan | 42 | $ 10,730,000 | $ 255,000 | $ 167,000 |
| Clinton County Michigan | 41 | $ 10,835,000 | $ 264,000 | $ 116,000 |
| Grand Traverse County Michigan | 37 | $ 13,445,000 | $ 363,000 | $ 274,000 |
| Ingham County Michigan | 31 | $ 14,625,000 | $ 471,000 | $ 113,000 |
| Barry County Michigan | 30 | $ 8,810,000 | $ 293,000 | $ 137,000 |
| Warren County Ohio | 26 | $ 12,410,000 | $ 477,000 | $ 197,000 |
| Leelanau County Michigan | 25 | $ 13,765,000 | $ 550,000 | $ 328,000 |
| Oscoda County Michigan | 25 | $ 1,855,000 | $ 74,000 | $ 97,000 |
| Wayne County Michigan | 22 | $ 6,400,000 | $ 290,000 | $ 157,000 |
| Macomb County Michigan | 19 | $ 5,325,000 | $ 280,000 | $ 254,000 |
| Newaygo County Michigan | 19 | $ 6,725,000 | $ 353,000 | $ 148,000 |
| Clermont County Ohio | 19 | $ 4,525,000 | $ 238,000 | $ 134,000 |
| Gladwin County Michigan | 18 | $ 1,960,000 | $ 108,000 | $ 109,000 |
| Muskegon County Michigan | 18 | $ 4,190,000 | $ 232,000 | $ 140,000 |
| Missaukee County Michigan | 17 | $ 3,475,000 | $ 204,000 | $ 183,000 |
| Montgomery County Ohio | 16 | $ 3,410,000 | $ 213,000 | $ 92,000 |
| Franklin County Ohio | 14 | $ 7,200,000 | $ 514,000 | $ 210,000 |
| Bay County Michigan | 13 | $ 1,635,000 | $ 125,000 | $ 62,000 |
| Benzie County Michigan | 12 | $ 4,890,000 | $ 407,000 | $ 458,000 |
| Kenton County Kentucky | 9 | $ 3,215,000 | $ 357,000 | $ 145,000 |
| Antrim County Michigan | 9 | $ 1,755,000 | $ 195,000 | $ 125,000 |
| Arenac County Michigan | 9 | $ 805,000 | $ 89,000 | $ 72,000 |
| Crawford County Michigan | 9 | $ 1,135,000 | $ 126,000 | $ 77,000 |
| Iosco County Michigan | 9 | $ 835,000 | $ 92,000 | $ 63,000 |
| Greene County Ohio | 9 | $ 4,185,000 | $ 465,000 | $ 275,000 |
| Alcona County Michigan | 8 | $ 2,330,000 | $ 291,000 | $ 384,000 |
| Livingston County Michigan | 8 | $ 1,660,000 | $ 207,000 | $ 209,000 |
| Eaton County Michigan | 7 | $ 1,615,000 | $ 230,000 | $ 94,000 |
| Manistee County Michigan | 7 | $ 1,875,000 | $ 267,000 | $ 189,000 |
| Osceola County Michigan | 7 | $ 1,245,000 | $ 177,000 | $ 108,000 |
| Otsego County Michigan | 7 | $ 1,565,000 | $ 223,000 | $ 104,000 |
| Presque Isle County Michigan | 7 | $ 735,000 | $ 105,000 | $ 59,000 |
| Collier County Florida | 6 | $ 3,270,000 | $ 545,000 | $ 359,000 |
| Hamilton County Indiana | 6 | $ 4,420,000 | $ 736,000 | $ 401,000 |
| Berrien County Michigan | 6 | $ 2,020,000 | $ 336,000 | $ 132,000 |
| Calhoun County Michigan | 6 | $ 1,140,000 | $ 190,000 | $ 104,000 |
| Genesee County Michigan | 6 | $ 1,660,000 | $ 276,000 | $ 93,000 |
| Jackson County Michigan | 6 | $ 1,440,000 | $ 240,000 | $ 178,000 |
| Mason County Michigan | 6 | $ 2,240,000 | $ 373,000 | $ 285,000 |
| Oceana County Michigan | 6 | $ 3,270,000 | $ 545,000 | $ 366,000 |
| Miami County Ohio | 6 | $ 2,380,000 | $ 396,000 | $ 142,000 |
| Lee County Florida | 5 | $ 2,485,000 | $ 497,000 | $ 255,000 |
| Campbell County Kentucky | 5 | $ 3,105,000 | $ 621,000 | $ 238,000 |
| Jefferson County Kentucky | 5 | $ 2,345,000 | $ 469,000 | $ 143,000 |
| Lake County Michigan | 5 | $ 415,000 | $ 83,000 | $ 112,000 |
| Cuyahoga County Ohio | 5 | $ 2,265,000 | $ 453,000 | $ 192,000 |
| Manatee County Florida | 4 | $ 1,270,000 | $ 317,000 | $ 171,000 |
| Iron County Michigan | 4 | $ 240,000 | $ 60,000 | $ 48,000 |
| Kalkaska County Michigan | 4 | $ 1,820,000 | $ 455,000 | $ 474,000 |
| Montmorency County Michigan | 4 | $ 410,000 | $ 102,000 | $ 60,000 |
| Tuscola County Michigan | 4 | $ 560,000 | $ 140,000 | $ 66,000 |
| Delaware County Ohio | 4 | $ 3,470,000 | $ 867,000 | $ 323,000 |
| Summit County Ohio | 4 | $ 910,000 | $ 227,000 | $ 116,000 |
| Monroe County Florida | 3 | $ 2,485,000 | $ 828,000 | $ 495,000 |
| St. Joseph County Indiana | 3 | $ 785,000 | $ 261,000 | $ 93,000 |
| Boone County Kentucky | 3 | $ 715,000 | $ 238,000 | $ 126,000 |
| Alpena County Michigan | 3 | $ 255,000 | $ 85,000 | $ 66,000 |
| Hillsdale County Michigan | 3 | $ 325,000 | $ 108,000 | $ 32,000 |
| Sanilac County Michigan | 3 | $ 1,105,000 | $ 368,000 | $ 194,000 |
| Shiawassee County Michigan | 3 | $ 965,000 | $ 321,000 | $ 129,000 |
| Washtenaw County Michigan | 3 | $ 13,935,000 | $ 4,645,000 | $ 248,000 |
| Clark County Ohio | 3 | $ 545,000 | $ 181,000 | $ 233,000 |
| Lorain County Ohio | 3 | $ 365,000 | $ 121,000 | $ 51,000 |
| Stark County Ohio | 3 | $ 725,000 | $ 241,000 | $ 107,000 |
| Davidson County Tennessee | 3 | $ 1,205,000 | $ 401,000 | $ 810,000 |
| Maricopa County Arizona | 2 | $ 1,460,000 | $ 730,000 | $ 305,000 |
| Pinal County Arizona | 2 | $ 1,400,000 | $ 700,000 | $ 290,000 |
| Lake County Florida | 2 | $ 800,000 | $ 400,000 | $ 582,000 |
| Osceola County Florida | 2 | $ 630,000 | $ 315,000 | $ 155,000 |
| Madison County Kentucky | 2 | $ 290,000 | $ 145,000 | $ 58,000 |
| Alger County Michigan | 2 | $ 420,000 | $ 210,000 | $ 112,000 |
| Chippewa County Michigan | 2 | $ 120,000 | $ 60,000 | $ 77,000 |
| Houghton County Michigan | 2 | $ 230,000 | $ 115,000 | $ 165,000 |
| Lapeer County Michigan | 2 | $ 510,000 | $ 255,000 | $ 59,000 |
| St. Joseph County Michigan | 2 | $ 360,000 | $ 180,000 | $ 75,000 |
| Athens County Ohio | 2 | $ 590,000 | $ 295,000 | $ 384,000 |
| Champaign County Ohio | 2 | $ 420,000 | $ 210,000 | $ 129,000 |
| Fayette County Ohio | 2 | $ 220,000 | $ 110,000 | $ 180,000 |
| Citrus County Florida | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Duval County Florida | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Hillsborough County Florida | 1 | $ 195,000 | $ 195,000 | $ 87,000 |
| Marion County Florida | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Palm Beach County Florida | 1 | $ 115,000 | $ 115,000 | $ 93,000 |
| Pinellas County Florida | 1 | $ 1,375,000 | $ 1,375,000 | $ 762,000 |
| Volusia County Florida | 1 | $ 275,000 | $ 275,000 | $ 119,000 |
| Walton County Florida | 1 | $ 485,000 | $ 485,000 | $ 1,766,000 |
| Allen County Indiana | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Boone County Indiana | 1 | $ 615,000 | $ 615,000 | $ 536,000 |
| Dearborn County Indiana | 1 | $ 245,000 | $ 245,000 | $ 52,000 |
| Hendricks County Indiana | 1 | $ 235,000 | $ 235,000 | $ 88,000 |
| Lake County Indiana | 1 | $ 905,000 | $ 905,000 | $ 309,000 |
| Marion County Indiana | 1 | $ 175,000 | $ 175,000 | $ 224,000 |
| Morgan County Indiana | 1 | $ 185,000 | $ 185,000 | $ 68,000 |
| Wayne County Indiana | 1 | $ 255,000 | $ 255,000 | $ 770,000 |
| Fayette County Kentucky | 1 | $ 375,000 | $ 375,000 | $ 180,000 |
| Jessamine County Kentucky | 1 | $ 1,115,000 | $ 1,115,000 | $ 440,000 |
| Mason County Kentucky | 1 | $ 45,000 | $ 45,000 | $ 40,000 |
| Powell County Kentucky | 1 | $ 305,000 | $ 305,000 | $ 375,000 |
| Woodford County Kentucky | 1 | $ 245,000 | $ 245,000 | $ 78,000 |
| Baraga County Michigan | 1 | $ 155,000 | $ 155,000 | $ 157,000 |
| Branch County Michigan | 1 | $ 45,000 | $ 45,000 | $ 226,000 |
| Delta County Michigan | 1 | $ 285,000 | $ 285,000 | $ 82,000 |
| Luce County Michigan | 1 | $ 105,000 | $ 105,000 | $ 190,000 |
| Mackinac County Michigan | 1 | $ 155,000 | $ 155,000 | $ 278,000 |
| Monroe County Michigan | 1 | $ 155,000 | $ 155,000 | $ 99,000 |
| Schoolcraft County Michigan | 1 | $ 45,000 | $ 45,000 | $ 23,000 |
| St. Clair County Michigan | 1 | $ 105,000 | $ 105,000 | $ 28,000 |
| Adams County Ohio | 1 | $ 145,000 | $ 145,000 | $ 29,000 |
| Auglaize County Ohio | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
| Brown County Ohio | 1 | $ 345,000 | $ 345,000 | $ 183,000 |
| Clinton County Ohio | 1 | $ 535,000 | $ 535,000 | $ 132,000 |
| Darke County Ohio | 1 | $ 55,000 | $ 55,000 | $ 127,000 |
| Erie County Ohio | 1 | $ 195,000 | $ 195,000 | $ 49,000 |
| Fulton County Ohio | 1 | $ 315,000 | $ 315,000 | $ 134,000 |
| Geauga County Ohio | 1 | $ 1,405,000 | $ 1,405,000 | $ 650,000 |
| Highland County Ohio | 1 | $ 215,000 | $ 215,000 | $ 80,000 |
| Knox County Ohio | 1 | $ 175,000 | $ 175,000 | $ 88,000 |
| Licking County Ohio | 1 | $ 635,000 | $ 635,000 | $ 200,000 |
| Lucas County Ohio | 1 | $ 1,145,000 | $ 1,145,000 | $ 340,000 |
| Mahoning County Ohio | 1 | $ 185,000 | $ 185,000 | $ 62,000 |
| Sandusky County Ohio | 1 | $ 95,000 | $ 95,000 | $ 24,000 |
| Shelby County Ohio | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Trumbull County Ohio | 1 | $ 285,000 | $ 285,000 | $ 70,000 |
| Campbell County Tennessee | 1 | $ 265,000 | $ 265,000 | $ 327,000 |
| Maury County Tennessee | 1 | $ 335,000 | $ 335,000 | $ 63,000 |
| Sumner County Tennessee | 1 | $ 225,000 | $ 225,000 | $ 53,000 |
| Williamson County Tennessee | 1 | $ 1,105,000 | $ 1,105,000 | $ 375,000 |
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 2022
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 | 1,950 | $649,030,000 | $332,000 | $8,925,000 | $162,000 | $3,998,000 |
| Home Improvement | 488 | $49,930,000 | $102,000 | $10,005,000 | $139,000 | $4,945,000 |
| Cash-out Refinancing | 377 | $92,085,000 | $244,000 | $2,005,000 | $136,000 | $3,998,000 |
| Other Purpose | 286 | $35,610,000 | $124,000 | $1,995,000 | $158,000 | $2,271,000 |
| Refinancing | 204 | $70,310,000 | $344,000 | $12,505,000 | $162,000 | $1,594,000 |
| 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 | 2,464 | $649,660,000 | $263,000 | $3,015,000 | $148,000 | $3,998,000 |
| Not Provided | 529 | $112,035,000 | $211,000 | $2,005,000 | $203,000 | $4,945,000 |
| Hispanic | 120 | $27,520,000 | $229,000 | $1,465,000 | $103,000 | $433,000 |
| Black or African American | 78 | $16,890,000 | $216,000 | $1,335,000 | $92,000 | $523,000 |
| Asian | 66 | $23,420,000 | $354,000 | $1,455,000 | $230,000 | $798,000 |
| Not applicable | 28 | $63,530,000 | $2,268,000 | $12,505,000 | $0 | $0 |
| American Indian or Alaskan Native | 19 | $3,855,000 | $202,000 | $655,000 | $88,000 | $160,000 |
| 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) | 3,149 | $870,125,000 | $276,000 | $12,505,000 | $160,000 | $4,945,000 |
| FHA-insured (Federal Housing Administration) | 141 | $25,045,000 | $177,000 | $425,000 | $61,000 | $210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $1,795,000 | $119,000 | $285,000 | $51,000 | $103,000 |
| 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 | 2,340 | $678,710,000 | $290,000 | $12,505,000 | $164,000 | $3,998,000 |
| Application Withdrawn By Applicant | 450 | $110,890,000 | $246,000 | $3,015,000 | $142,000 | $1,449,000 |
| Application Denied By Financial Institution | 447 | $93,965,000 | $210,000 | $10,005,000 | $116,000 | $4,945,000 |
| Application Approved But Not Accepted | 40 | $6,830,000 | $170,000 | $645,000 | $250,000 | $3,998,000 |
| File Closed For Incompleteness | 27 | $6,245,000 | $231,000 | $605,000 | $152,000 | $675,000 |
| Loan Purchased By The Institution | 1 | $325,000 | $325,000 | $325,000 | $60,000 | $60,000 |
| 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 | 2,858 | $803,000,000 | $280,000 | $12,505,000 | $161,000 | $3,998,000 |
| Debt-To-Income Ratio | 147 | $34,305,000 | $233,000 | $2,035,000 | $78,000 | $500,000 |
| Credit History | 141 | $16,135,000 | $114,000 | $1,455,000 | $122,000 | $4,945,000 |
| Collateral | 87 | $17,595,000 | $202,000 | $1,465,000 | $136,000 | $727,000 |
| Other | 36 | $8,070,000 | $224,000 | $935,000 | $152,000 | $926,000 |
| Employment History | 16 | $2,130,000 | $133,000 | $355,000 | $49,000 | $204,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $13,445,000 | $1,222,000 | $10,005,000 | $152,000 | $316,000 |
| Unverifiable Information | 9 | $2,285,000 | $253,000 | $555,000 | $355,000 | $1,187,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $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.