Mercantile 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 Mercantile 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 | Mercantile Bank 310 Leonard St Nw Grand Rapids, MI 49504 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 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,497 |
| Total Mortgage Loan Application Amount | $736,425,000 |
| Average Mortgage Loan Application Amount | $200,400 |
| Highest Mortgage Loan Application Amount | $53,005,000 |
| Average Applicant Income | $140,600 |
| Highest Applicant Income | $4,941,000 |
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 | 470 | $ 180,970,000 | $ 385,000 | $ 174,000 |
| Emmet County Michigan | 176 | $ 58,010,000 | $ 329,000 | $ 221,000 |
| Ottawa County Michigan | 161 | $ 82,585,000 | $ 512,000 | $ 177,000 |
| Isabella County Michigan | 147 | $ 18,955,000 | $ 128,000 | $ 104,000 |
| Gratiot County Michigan | 123 | $ 9,835,000 | $ 79,000 | $ 81,000 |
| Ionia County Michigan | 89 | $ 10,695,000 | $ 120,000 | $ 73,000 |
| Kalamazoo County Michigan | 76 | $ 15,430,000 | $ 203,000 | $ 139,000 |
| Ogemaw County Michigan | 71 | $ 7,755,000 | $ 109,000 | $ 90,000 |
| Allegan County Michigan | 67 | $ 21,545,000 | $ 321,000 | $ 158,000 |
| Montcalm County Michigan | 64 | $ 8,530,000 | $ 133,000 | $ 89,000 |
| Clare County Michigan | 63 | $ 7,175,000 | $ 113,000 | $ 91,000 |
| Charlevoix County Michigan | 52 | $ 15,760,000 | $ 303,000 | $ 234,000 |
| Saginaw County Michigan | 42 | $ 23,110,000 | $ 550,000 | $ 76,000 |
| Mecosta County Michigan | 37 | $ 4,785,000 | $ 129,000 | $ 85,000 |
| Van Buren County Michigan | 37 | $ 7,145,000 | $ 193,000 | $ 141,000 |
| Grand Traverse County Michigan | 35 | $ 12,645,000 | $ 361,000 | $ 205,000 |
| Clinton County Michigan | 32 | $ 5,630,000 | $ 175,000 | $ 132,000 |
| Midland County Michigan | 32 | $ 8,330,000 | $ 260,000 | $ 127,000 |
| Cheboygan County Michigan | 31 | $ 6,385,000 | $ 205,000 | $ 129,000 |
| Roscommon County Michigan | 31 | $ 3,535,000 | $ 114,000 | $ 87,000 |
| Wexford County Michigan | 30 | $ 4,010,000 | $ 133,000 | $ 100,000 |
| Cuyahoga County Ohio | 30 | $ 6,570,000 | $ 219,000 | $ 134,000 |
| Barry County Michigan | 29 | $ 6,395,000 | $ 220,000 | $ 144,000 |
| Ingham County Michigan | 26 | $ 4,980,000 | $ 191,000 | $ 110,000 |
| Oscoda County Michigan | 25 | $ 2,475,000 | $ 99,000 | $ 97,000 |
| Muskegon County Michigan | 24 | $ 7,990,000 | $ 332,000 | $ 196,000 |
| Hamilton County Ohio | 24 | $ 8,290,000 | $ 345,000 | $ 152,000 |
| Summit County Ohio | 24 | $ 5,420,000 | $ 225,000 | $ 92,000 |
| Wayne County Michigan | 23 | $ 3,365,000 | $ 146,000 | $ 83,000 |
| Oakland County Michigan | 22 | $ 4,370,000 | $ 198,000 | $ 179,000 |
| Leelanau County Michigan | 19 | $ 13,935,000 | $ 733,000 | $ 346,000 |
| Newaygo County Michigan | 19 | $ 4,395,000 | $ 231,000 | $ 132,000 |
| Medina County Ohio | 19 | $ 4,975,000 | $ 261,000 | $ 101,000 |
| Eaton County Michigan | 18 | $ 3,090,000 | $ 171,000 | $ 97,000 |
| Antrim County Michigan | 15 | $ 5,915,000 | $ 394,000 | $ 187,000 |
| Gladwin County Michigan | 13 | $ 1,345,000 | $ 103,000 | $ 108,000 |
| Otsego County Michigan | 13 | $ 2,785,000 | $ 214,000 | $ 112,000 |
| Miami County Ohio | 12 | $ 2,450,000 | $ 204,000 | $ 106,000 |
| Arenac County Michigan | 11 | $ 1,455,000 | $ 132,000 | $ 101,000 |
| Genesee County Michigan | 11 | $ 1,945,000 | $ 176,000 | $ 111,000 |
| Iosco County Michigan | 11 | $ 1,655,000 | $ 150,000 | $ 102,000 |
| Calhoun County Michigan | 10 | $ 1,300,000 | $ 130,000 | $ 79,000 |
| Macomb County Michigan | 10 | $ 1,370,000 | $ 137,000 | $ 209,000 |
| Lake County Michigan | 9 | $ 1,655,000 | $ 183,000 | $ 176,000 |
| Oceana County Michigan | 7 | $ 2,205,000 | $ 315,000 | $ 175,000 |
| Lake County Ohio | 7 | $ 1,565,000 | $ 223,000 | $ 109,000 |
| Lorain County Ohio | 7 | $ 1,375,000 | $ 196,000 | $ 95,000 |
| Montgomery County Ohio | 7 | $ 1,035,000 | $ 147,000 | $ 81,000 |
| Bay County Michigan | 6 | $ 1,150,000 | $ 191,000 | $ 129,000 |
| Kalkaska County Michigan | 6 | $ 1,690,000 | $ 281,000 | $ 131,000 |
| Livingston County Michigan | 6 | $ 63,080,000 | $ 10,513,000 | $ 251,000 |
| Manistee County Michigan | 6 | $ 1,840,000 | $ 306,000 | $ 132,000 |
| Missaukee County Michigan | 6 | $ 790,000 | $ 131,000 | $ 80,000 |
| Washtenaw County Michigan | 6 | $ 2,450,000 | $ 408,000 | $ 277,000 |
| Butler County Ohio | 6 | $ 1,450,000 | $ 241,000 | $ 220,000 |
| Crawford County Michigan | 5 | $ 935,000 | $ 187,000 | $ 72,000 |
| Jackson County Michigan | 5 | $ 965,000 | $ 193,000 | $ 96,000 |
| Osceola County Michigan | 5 | $ 765,000 | $ 153,000 | $ 96,000 |
| Clermont County Ohio | 5 | $ 1,185,000 | $ 237,000 | $ 135,000 |
| Geauga County Ohio | 5 | $ 1,265,000 | $ 253,000 | $ 80,000 |
| Warren County Ohio | 5 | $ 2,005,000 | $ 401,000 | $ 173,000 |
| Alcona County Michigan | 4 | $ 1,060,000 | $ 265,000 | $ 324,000 |
| Mackinac County Michigan | 4 | $ 790,000 | $ 197,000 | $ 210,000 |
| Shiawassee County Michigan | 4 | $ 590,000 | $ 147,000 | $ 94,000 |
| Franklin County Ohio | 4 | $ 1,900,000 | $ 475,000 | $ 175,000 |
| Stark County Ohio | 4 | $ 940,000 | $ 235,000 | $ 78,000 |
| Pinellas County Florida | 3 | $ 3,275,000 | $ 1,091,000 | $ 0 |
| Benzie County Michigan | 3 | $ 1,775,000 | $ 591,000 | $ 239,000 |
| Berrien County Michigan | 3 | $ 4,085,000 | $ 1,361,000 | $ 257,000 |
| Mason County Michigan | 3 | $ 2,365,000 | $ 788,000 | $ 438,000 |
| Montmorency County Michigan | 3 | $ 435,000 | $ 145,000 | $ 79,000 |
| Presque Isle County Michigan | 3 | $ 745,000 | $ 248,000 | $ 124,000 |
| St. Joseph County Michigan | 3 | $ 515,000 | $ 171,000 | $ 199,000 |
| Ashtabula County Ohio | 3 | $ 635,000 | $ 211,000 | $ 193,000 |
| Charlotte County Florida | 2 | $ 800,000 | $ 400,000 | $ 195,000 |
| Lee County Florida | 2 | $ 940,000 | $ 470,000 | $ 280,000 |
| Marion County Florida | 2 | $ 210,000 | $ 105,000 | $ 38,000 |
| Sarasota County Florida | 2 | $ 870,000 | $ 435,000 | $ 307,000 |
| Lake County Illinois | 2 | $ 3,010,000 | $ 1,505,000 | $ 1,743,000 |
| Alpena County Michigan | 2 | $ 320,000 | $ 160,000 | $ 184,000 |
| Cass County Michigan | 2 | $ 180,000 | $ 90,000 | $ 108,000 |
| Chippewa County Michigan | 2 | $ 300,000 | $ 150,000 | $ 101,000 |
| Lenawee County Michigan | 2 | $ 330,000 | $ 165,000 | $ 156,000 |
| Luce County Michigan | 2 | $ 210,000 | $ 105,000 | $ 82,000 |
| Marquette County Michigan | 2 | $ 270,000 | $ 135,000 | $ 197,000 |
| Monroe County Michigan | 2 | $ 610,000 | $ 305,000 | $ 139,000 |
| St. Clair County Michigan | 2 | $ 470,000 | $ 235,000 | $ 116,000 |
| Ashland County Ohio | 2 | $ 350,000 | $ 175,000 | $ 89,000 |
| Fairfield County Ohio | 2 | $ 270,000 | $ 135,000 | $ 102,000 |
| Greene County Ohio | 2 | $ 450,000 | $ 225,000 | $ 84,000 |
| Knox County Ohio | 2 | $ 430,000 | $ 215,000 | $ 429,000 |
| Ottawa County Ohio | 2 | $ 590,000 | $ 295,000 | $ 172,000 |
| Portage County Ohio | 2 | $ 600,000 | $ 300,000 | $ 106,000 |
| Wayne County Ohio | 2 | $ 390,000 | $ 195,000 | $ 71,000 |
| Collier County Florida | 1 | $ 1,585,000 | $ 1,585,000 | $ 761,000 |
| Flagler County Florida | 1 | $ 145,000 | $ 145,000 | $ 183,000 |
| Hernando County Florida | 1 | $ 225,000 | $ 225,000 | $ 59,000 |
| Palm Beach County Florida | 1 | $ 705,000 | $ 705,000 | $ 3,643,000 |
| Polk County Florida | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Sumter County Florida | 1 | $ 255,000 | $ 255,000 | $ 120,000 |
| Walton County Florida | 1 | $ 705,000 | $ 705,000 | $ 180,000 |
| Cook County Illinois | 1 | $ 125,000 | $ 125,000 | $ 67,000 |
| Boone County Indiana | 1 | $ 1,065,000 | $ 1,065,000 | $ 746,000 |
| Dearborn County Indiana | 1 | $ 265,000 | $ 265,000 | $ 75,000 |
| Marion County Indiana | 1 | $ 75,000 | $ 75,000 | $ 360,000 |
| St. Joseph County Indiana | 1 | $ 235,000 | $ 235,000 | $ 69,000 |
| Fayette County Kentucky | 1 | $ 245,000 | $ 245,000 | $ 58,000 |
| Kenton County Kentucky | 1 | $ 445,000 | $ 445,000 | $ 154,000 |
| Mercer County Kentucky | 1 | $ 295,000 | $ 295,000 | $ 208,000 |
| Wayne County Kentucky | 1 | $ 375,000 | $ 375,000 | $ 106,000 |
| Alger County Michigan | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Baraga County Michigan | 1 | $ 145,000 | $ 145,000 | $ 176,000 |
| Branch County Michigan | 1 | $ 45,000 | $ 45,000 | $ 88,000 |
| Dickinson County Michigan | 1 | $ 25,000 | $ 25,000 | $ 18,000 |
| Iron County Michigan | 1 | $ 85,000 | $ 85,000 | $ 53,000 |
| Lapeer County Michigan | 1 | $ 125,000 | $ 125,000 | $ 54,000 |
| Sanilac County Michigan | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Tuscola County Michigan | 1 | $ 55,000 | $ 55,000 | $ 84,000 |
| Auglaize County Ohio | 1 | $ 115,000 | $ 115,000 | $ 185,000 |
| Carroll County Ohio | 1 | $ 315,000 | $ 315,000 | $ 107,000 |
| Clinton County Ohio | 1 | $ 215,000 | $ 215,000 | $ 66,000 |
| Darke County Ohio | 1 | $ 205,000 | $ 205,000 | $ 95,000 |
| Hocking County Ohio | 1 | $ 195,000 | $ 195,000 | $ 216,000 |
| Preble County Ohio | 1 | $ 165,000 | $ 165,000 | $ 119,000 |
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 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 | 1,524 | $612,880,000 | $402,000 | $53,005,000 | $155,000 | $3,643,000 |
| Home Improvement | 407 | $37,115,000 | $91,000 | $2,495,000 | $138,000 | $1,600,000 |
| Other Purpose | 274 | $24,960,000 | $91,000 | $1,255,000 | $128,000 | $4,941,000 |
| Cash-out Refinancing | 209 | $44,315,000 | $212,000 | $2,005,000 | $125,000 | $1,886,000 |
| Refinancing | 83 | $17,155,000 | $206,000 | $805,000 | $157,000 | $950,000 |
| 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 | 1,879 | $422,145,000 | $224,000 | $2,565,000 | $141,000 | $4,941,000 |
| Not Provided | 369 | $79,875,000 | $216,000 | $4,005,000 | $193,000 | $3,643,000 |
| Hispanic | 101 | $19,285,000 | $190,000 | $705,000 | $111,000 | $500,000 |
| Black or African American | 73 | $12,765,000 | $174,000 | $1,195,000 | $88,000 | $800,000 |
| Asian | 33 | $13,245,000 | $401,000 | $2,495,000 | $179,000 | $646,000 |
| Not applicable | 23 | $185,525,000 | $8,066,000 | $53,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 18 | $3,300,000 | $183,000 | $445,000 | $97,000 | $213,000 |
| 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) | 2,303 | $699,455,000 | $303,000 | $53,005,000 | $153,000 | $4,941,000 |
| FHA-insured (Federal Housing Administration) | 189 | $36,145,000 | $191,000 | $435,000 | $76,000 | $708,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $825,000 | $165,000 | $245,000 | $62,000 | $91,000 |
| 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 | 1,674 | $576,760,000 | $344,000 | $53,005,000 | $157,000 | $4,941,000 |
| Application Denied By Financial Institution | 403 | $64,635,000 | $160,000 | $2,495,000 | $102,000 | $1,886,000 |
| Application Withdrawn By Applicant | 371 | $81,215,000 | $218,000 | $1,805,000 | $141,000 | $1,600,000 |
| File Closed For Incompleteness | 30 | $10,600,000 | $353,000 | $1,885,000 | $231,000 | $1,077,000 |
| Application Approved But Not Accepted | 16 | $2,420,000 | $151,000 | $355,000 | $140,000 | $475,000 |
| Loan Purchased By The Institution | 3 | $795,000 | $265,000 | $385,000 | $74,000 | $112,000 |
| 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 | 2,094 | $671,790,000 | $320,000 | $53,005,000 | $155,000 | $4,941,000 |
| Debt-To-Income Ratio | 135 | $21,345,000 | $158,000 | $925,000 | $65,000 | $250,000 |
| Credit History | 126 | $9,750,000 | $77,000 | $385,000 | $82,000 | $708,000 |
| Collateral | 97 | $24,535,000 | $252,000 | $2,495,000 | $175,000 | $1,886,000 |
| Other | 20 | $3,740,000 | $187,000 | $575,000 | $134,000 | $310,000 |
| Unverifiable Information | 10 | $1,720,000 | $172,000 | $495,000 | $135,000 | $409,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,570,000 | $196,000 | $335,000 | $59,000 | $73,000 |
| Employment History | 6 | $1,860,000 | $310,000 | $995,000 | $100,000 | $240,000 |
| Mortgage Insurance Denied | 1 | $115,000 | $115,000 | $115,000 | $98,000 | $98,000 |
| 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.