Michigan State University Federal Credit Union
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 Michigan State University Federal Credit Union.
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 | Michigan State University Federal Credit Union 3777 West Road East Lansing, MI 48823 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 | 10,016 |
| Total Mortgage Loan Application Amount | $1,743,180,000 |
| Average Mortgage Loan Application Amount | $236,000 |
| Highest Mortgage Loan Application Amount | $15,005,000 |
| Average Applicant Income | $106,000 |
| Highest Applicant Income | $3,525,000 |
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 |
|---|---|---|---|---|
| Ingham County Michigan | 1,856 | $ 233,180,000 | $ 125,000 | $ 106,000 |
| Oakland County Michigan | 784 | $ 116,370,000 | $ 148,000 | $ 148,000 |
| Eaton County Michigan | 671 | $ 78,675,000 | $ 117,000 | $ 98,000 |
| Clinton County Michigan | 553 | $ 75,435,000 | $ 136,000 | $ 127,000 |
| Wayne County Michigan | 225 | $ 26,885,000 | $ 119,000 | $ 128,000 |
| Shiawassee County Michigan | 189 | $ 21,555,000 | $ 114,000 | $ 97,000 |
| Kent County Michigan | 180 | $ 38,240,000 | $ 212,000 | $ 135,000 |
| Macomb County Michigan | 141 | $ 19,675,000 | $ 139,000 | $ 116,000 |
| Grand Traverse County Michigan | 139 | $ 32,715,000 | $ 235,000 | $ 125,000 |
| Livingston County Michigan | 137 | $ 21,265,000 | $ 155,000 | $ 132,000 |
| Washtenaw County Michigan | 93 | $ 19,425,000 | $ 208,000 | $ 151,000 |
| Genesee County Michigan | 84 | $ 11,990,000 | $ 142,000 | $ 106,000 |
| Jackson County Michigan | 75 | $ 8,845,000 | $ 117,000 | $ 121,000 |
| Ionia County Michigan | 66 | $ 8,640,000 | $ 130,000 | $ 105,000 |
| Ottawa County Michigan | 60 | $ 9,040,000 | $ 150,000 | $ 134,000 |
| Kalamazoo County Michigan | 58 | $ 11,290,000 | $ 194,000 | $ 125,000 |
| Calhoun County Michigan | 52 | $ 10,340,000 | $ 198,000 | $ 115,000 |
| Leelanau County Michigan | 40 | $ 9,330,000 | $ 233,000 | $ 120,000 |
| Barry County Michigan | 35 | $ 4,465,000 | $ 127,000 | $ 108,000 |
| Muskegon County Michigan | 32 | $ 3,450,000 | $ 107,000 | $ 115,000 |
| Saginaw County Michigan | 32 | $ 4,660,000 | $ 145,000 | $ 131,000 |
| Antrim County Michigan | 29 | $ 6,415,000 | $ 221,000 | $ 176,000 |
| Roscommon County Michigan | 29 | $ 3,435,000 | $ 118,000 | $ 140,000 |
| Clare County Michigan | 24 | $ 2,720,000 | $ 113,000 | $ 118,000 |
| Gratiot County Michigan | 24 | $ 2,300,000 | $ 95,000 | $ 89,000 |
| Benzie County Michigan | 23 | $ 3,905,000 | $ 169,000 | $ 112,000 |
| Lapeer County Michigan | 23 | $ 2,645,000 | $ 115,000 | $ 110,000 |
| Allegan County Michigan | 22 | $ 4,370,000 | $ 198,000 | $ 155,000 |
| Montcalm County Michigan | 20 | $ 2,680,000 | $ 134,000 | $ 124,000 |
| Charlevoix County Michigan | 18 | $ 3,780,000 | $ 210,000 | $ 129,000 |
| Berrien County Michigan | 17 | $ 2,125,000 | $ 125,000 | $ 140,000 |
| St. Clair County Michigan | 17 | $ 5,175,000 | $ 304,000 | $ 116,000 |
| Lenawee County Michigan | 16 | $ 1,520,000 | $ 95,000 | $ 99,000 |
| Cook County Illinois | 15 | $ 4,575,000 | $ 305,000 | $ 150,000 |
| Kalkaska County Michigan | 15 | $ 2,775,000 | $ 185,000 | $ 121,000 |
| Mecosta County Michigan | 15 | $ 2,175,000 | $ 145,000 | $ 128,000 |
| Wexford County Michigan | 15 | $ 2,285,000 | $ 152,000 | $ 82,000 |
| Branch County Michigan | 14 | $ 6,420,000 | $ 458,000 | $ 110,000 |
| Bay County Michigan | 13 | $ 1,585,000 | $ 121,000 | $ 117,000 |
| Emmet County Michigan | 13 | $ 2,935,000 | $ 225,000 | $ 224,000 |
| Cheboygan County Michigan | 12 | $ 1,880,000 | $ 156,000 | $ 147,000 |
| Midland County Michigan | 12 | $ 2,740,000 | $ 228,000 | $ 158,000 |
| Monroe County Michigan | 12 | $ 1,060,000 | $ 88,000 | $ 98,000 |
| Otsego County Michigan | 12 | $ 1,480,000 | $ 123,000 | $ 139,000 |
| Tuscola County Michigan | 12 | $ 1,270,000 | $ 105,000 | $ 85,000 |
| Gladwin County Michigan | 11 | $ 1,635,000 | $ 148,000 | $ 78,000 |
| Isabella County Michigan | 11 | $ 1,625,000 | $ 147,000 | $ 98,000 |
| Iosco County Michigan | 10 | $ 1,790,000 | $ 179,000 | $ 169,000 |
| Maricopa County Arizona | 9 | $ 2,215,000 | $ 246,000 | $ 200,000 |
| Newaygo County Michigan | 9 | $ 1,165,000 | $ 129,000 | $ 82,000 |
| Missaukee County Michigan | 8 | $ 1,100,000 | $ 137,000 | $ 114,000 |
| Oceana County Michigan | 8 | $ 1,470,000 | $ 183,000 | $ 119,000 |
| Chippewa County Michigan | 7 | $ 1,695,000 | $ 242,000 | $ 126,000 |
| Van Buren County Michigan | 7 | $ 815,000 | $ 116,000 | $ 149,000 |
| Hillsborough County Florida | 6 | $ 750,000 | $ 125,000 | $ 155,000 |
| Hillsdale County Michigan | 6 | $ 400,000 | $ 66,000 | $ 122,000 |
| Houghton County Michigan | 6 | $ 540,000 | $ 90,000 | $ 66,000 |
| Manistee County Michigan | 6 | $ 1,300,000 | $ 216,000 | $ 191,000 |
| Osceola County Michigan | 6 | $ 500,000 | $ 83,000 | $ 75,000 |
| Lee County Florida | 5 | $ 1,495,000 | $ 299,000 | $ 217,000 |
| Arenac County Michigan | 5 | $ 705,000 | $ 141,000 | $ 147,000 |
| Cass County Michigan | 5 | $ 875,000 | $ 175,000 | $ 137,000 |
| Mason County Michigan | 5 | $ 1,755,000 | $ 351,000 | $ 142,000 |
| Presque Isle County Michigan | 5 | $ 1,265,000 | $ 253,000 | $ 146,000 |
| Sanilac County Michigan | 5 | $ 565,000 | $ 113,000 | $ 110,000 |
| King County Washington | 5 | $ 1,525,000 | $ 305,000 | $ 142,000 |
| Brevard County Florida | 4 | $ 850,000 | $ 212,000 | $ 183,000 |
| Miami-Dade County Florida | 4 | $ 2,920,000 | $ 730,000 | $ 245,000 |
| DeKalb County Georgia | 4 | $ 1,240,000 | $ 310,000 | $ 206,000 |
| St. Joseph County Indiana | 4 | $ 740,000 | $ 185,000 | $ 73,000 |
| Alcona County Michigan | 4 | $ 620,000 | $ 155,000 | $ 295,000 |
| Crawford County Michigan | 4 | $ 570,000 | $ 142,000 | $ 119,000 |
| Delta County Michigan | 4 | $ 650,000 | $ 162,000 | $ 140,000 |
| Huron County Michigan | 4 | $ 290,000 | $ 72,000 | $ 85,000 |
| Marquette County Michigan | 4 | $ 760,000 | $ 190,000 | $ 116,000 |
| Ogemaw County Michigan | 4 | $ 380,000 | $ 95,000 | $ 75,000 |
| St. Joseph County Michigan | 4 | $ 640,000 | $ 160,000 | $ 63,000 |
| Lucas County Ohio | 4 | $ 700,000 | $ 175,000 | $ 122,000 |
| Pinal County Arizona | 3 | $ 555,000 | $ 185,000 | $ 80,000 |
| Denver County Colorado | 3 | $ 2,735,000 | $ 911,000 | $ 493,000 |
| Jefferson County Colorado | 3 | $ 755,000 | $ 251,000 | $ 138,000 |
| Broward County Florida | 3 | $ 485,000 | $ 161,000 | $ 94,000 |
| Pinellas County Florida | 3 | $ 795,000 | $ 265,000 | $ 112,000 |
| Fulton County Georgia | 3 | $ 1,115,000 | $ 371,000 | $ 159,000 |
| DuPage County Illinois | 3 | $ 935,000 | $ 311,000 | $ 160,000 |
| Lake County Illinois | 3 | $ 745,000 | $ 248,000 | $ 118,000 |
| Alpena County Michigan | 3 | $ 795,000 | $ 265,000 | $ 76,000 |
| Lake County Michigan | 3 | $ 405,000 | $ 135,000 | $ 151,000 |
| Luce County Michigan | 3 | $ 345,000 | $ 115,000 | $ 137,000 |
| Montmorency County Michigan | 3 | $ 285,000 | $ 95,000 | $ 176,000 |
| Wake County North Carolina | 3 | $ 965,000 | $ 321,000 | $ 177,000 |
| Pima County Arizona | 2 | $ 300,000 | $ 150,000 | $ 103,000 |
| Arapahoe County Colorado | 2 | $ 260,000 | $ 130,000 | $ 257,000 |
| Douglas County Colorado | 2 | $ 350,000 | $ 175,000 | $ 269,000 |
| Larimer County Colorado | 2 | $ 1,060,000 | $ 530,000 | $ 281,000 |
| Citrus County Florida | 2 | $ 550,000 | $ 275,000 | $ 198,000 |
| Orange County Florida | 2 | $ 470,000 | $ 235,000 | $ 102,000 |
| Sarasota County Florida | 2 | $ 770,000 | $ 385,000 | $ 455,000 |
| St. Lucie County Florida | 2 | $ 290,000 | $ 145,000 | $ 85,000 |
| Sumter County Florida | 2 | $ 570,000 | $ 285,000 | $ 119,000 |
| Volusia County Florida | 2 | $ 250,000 | $ 125,000 | $ 52,000 |
| Chatham County Georgia | 2 | $ 540,000 | $ 270,000 | $ 105,000 |
| Henry County Georgia | 2 | $ 330,000 | $ 165,000 | $ 85,000 |
| Champaign County Illinois | 2 | $ 440,000 | $ 220,000 | $ 132,000 |
| Hamilton County Indiana | 2 | $ 350,000 | $ 175,000 | $ 87,000 |
| Kosciusko County Indiana | 2 | $ 540,000 | $ 270,000 | $ 209,000 |
| Dickinson County Michigan | 2 | $ 370,000 | $ 185,000 | $ 342,000 |
| Johnson County Missouri | 2 | $ 510,000 | $ 255,000 | $ 0 |
| Gaston County North Carolina | 2 | $ 170,000 | $ 85,000 | $ 97,000 |
| Mecklenburg County North Carolina | 2 | $ 920,000 | $ 460,000 | $ 125,000 |
| Delaware County Ohio | 2 | $ 620,000 | $ 310,000 | $ 137,000 |
| Erie County Ohio | 2 | $ 120,000 | $ 60,000 | $ 133,000 |
| Hamilton County Ohio | 2 | $ 320,000 | $ 160,000 | $ 73,000 |
| Mahoning County Ohio | 2 | $ 130,000 | $ 65,000 | $ 55,000 |
| Summit County Ohio | 2 | $ 210,000 | $ 105,000 | $ 127,000 |
| Wood County Ohio | 2 | $ 670,000 | $ 335,000 | $ 232,000 |
| Allegheny County Pennsylvania | 2 | $ 260,000 | $ 130,000 | $ 162,000 |
| Monroe County Tennessee | 2 | $ 390,000 | $ 195,000 | $ 219,000 |
| Fairfax County Virginia | 2 | $ 1,630,000 | $ 815,000 | $ 301,000 |
| Frederick County Virginia | 2 | $ 710,000 | $ 355,000 | $ 76,000 |
| Loudoun County Virginia | 2 | $ 200,000 | $ 100,000 | $ 225,000 |
| Pierce County Washington | 2 | $ 880,000 | $ 440,000 | $ 186,000 |
| Limestone County Alabama | 1 | $ 105,000 | $ 105,000 | $ 136,000 |
| Mobile County Alabama | 1 | $ 235,000 | $ 235,000 | $ 103,000 |
| Yavapai County Arizona | 1 | $ 435,000 | $ 435,000 | $ 88,000 |
| Riverside County California | 1 | $ 75,000 | $ 75,000 | $ 228,000 |
| Adams County Colorado | 1 | $ 525,000 | $ 525,000 | $ 108,000 |
| Broomfield County Colorado | 1 | $ 425,000 | $ 425,000 | $ 162,000 |
| Clear Creek County Colorado | 1 | $ 255,000 | $ 255,000 | $ 600,000 |
| El Paso County Colorado | 1 | $ 415,000 | $ 415,000 | $ 135,000 |
| Grand County Colorado | 1 | $ 535,000 | $ 535,000 | $ 140,000 |
| Gunnison County Colorado | 1 | $ 235,000 | $ 235,000 | $ 51,000 |
| New Castle County Delaware | 1 | $ 45,000 | $ 45,000 | $ 85,000 |
| District of Columbia County District Of Columbia | 1 | $ 105,000 | $ 105,000 | $ 205,000 |
| Alachua County Florida | 1 | $ 105,000 | $ 105,000 | $ 68,000 |
| Columbia County Florida | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Indian River County Florida | 1 | $ 265,000 | $ 265,000 | $ 79,000 |
| Lake County Florida | 1 | $ 1,005,000 | $ 1,005,000 | $ 335,000 |
| Leon County Florida | 1 | $ 115,000 | $ 115,000 | $ 64,000 |
| Martin County Florida | 1 | $ 775,000 | $ 775,000 | $ 253,000 |
| Palm Beach County Florida | 1 | $ 195,000 | $ 195,000 | $ 102,000 |
| Polk County Florida | 1 | $ 55,000 | $ 55,000 | $ 72,000 |
| Santa Rosa County Florida | 1 | $ 185,000 | $ 185,000 | $ 91,000 |
| Seminole County Florida | 1 | $ 175,000 | $ 175,000 | $ 75,000 |
| Cherokee County Georgia | 1 | $ 385,000 | $ 385,000 | $ 179,000 |
| Cobb County Georgia | 1 | $ 365,000 | $ 365,000 | $ 83,000 |
| Jasper County Georgia | 1 | $ 235,000 | $ 235,000 | $ 128,000 |
| Paulding County Georgia | 1 | $ 365,000 | $ 365,000 | $ 373,000 |
| Jo Daviess County Illinois | 1 | $ 105,000 | $ 105,000 | $ 94,000 |
| Kane County Illinois | 1 | $ 15,000 | $ 15,000 | $ 223,000 |
| Madison County Illinois | 1 | $ 345,000 | $ 345,000 | $ 168,000 |
| McHenry County Illinois | 1 | $ 155,000 | $ 155,000 | $ 200,000 |
| Vermilion County Illinois | 1 | $ 145,000 | $ 145,000 | $ 137,000 |
| Adams County Indiana | 1 | $ 265,000 | $ 265,000 | $ 282,000 |
| Clark County Indiana | 1 | $ 305,000 | $ 305,000 | $ 103,000 |
| Clinton County Indiana | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
| Elkhart County Indiana | 1 | $ 55,000 | $ 55,000 | $ 315,000 |
| Marshall County Indiana | 1 | $ 75,000 | $ 75,000 | $ 158,000 |
| Porter County Indiana | 1 | $ 25,000 | $ 25,000 | $ 65,000 |
| Steuben County Indiana | 1 | $ 225,000 | $ 225,000 | $ 214,000 |
| Tippecanoe County Indiana | 1 | $ 225,000 | $ 225,000 | $ 105,000 |
| Vanderburgh County Indiana | 1 | $ 115,000 | $ 115,000 | $ 43,000 |
| Washington County Louisiana | 1 | $ 95,000 | $ 95,000 | $ 73,000 |
| Middlesex County Massachusetts | 1 | $ 255,000 | $ 255,000 | $ 440,000 |
| Keweenaw County Michigan | 1 | $ 85,000 | $ 85,000 | $ 190,000 |
| Mackinac County Michigan | 1 | $ 215,000 | $ 215,000 | $ 86,000 |
| Hennepin County Minnesota | 1 | $ 15,000 | $ 15,000 | $ 150,000 |
| Washington County Minnesota | 1 | $ 185,000 | $ 185,000 | $ 200,000 |
| St. Charles County Missouri | 1 | $ 35,000 | $ 35,000 | $ 224,000 |
| St. Louis County Missouri | 1 | $ 105,000 | $ 105,000 | $ 165,000 |
| Hunterdon County New Jersey | 1 | $ 55,000 | $ 55,000 | $ 131,000 |
| Davidson County North Carolina | 1 | $ 415,000 | $ 415,000 | $ 135,000 |
| Durham County North Carolina | 1 | $ 175,000 | $ 175,000 | $ 64,000 |
| Johnston County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 58,000 |
| Randolph County North Carolina | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
| Rutherford County North Carolina | 1 | $ 495,000 | $ 495,000 | $ 222,000 |
| Union County North Carolina | 1 | $ 335,000 | $ 335,000 | $ 95,000 |
| Cuyahoga County Ohio | 1 | $ 295,000 | $ 295,000 | $ 260,000 |
| Hancock County Ohio | 1 | $ 195,000 | $ 195,000 | $ 99,000 |
| Union County Ohio | 1 | $ 205,000 | $ 205,000 | $ 180,000 |
| Warren County Ohio | 1 | $ 415,000 | $ 415,000 | $ 215,000 |
| Multnomah County Oregon | 1 | $ 25,000 | $ 25,000 | $ 166,000 |
| Bucks County Pennsylvania | 1 | $ 765,000 | $ 765,000 | $ 457,000 |
| Dauphin County Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Lehigh County Pennsylvania | 1 | $ 605,000 | $ 605,000 | $ 359,000 |
| Northampton County Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 122,000 |
| York County South Carolina | 1 | $ 575,000 | $ 575,000 | $ 240,000 |
| Davidson County Tennessee | 1 | $ 395,000 | $ 395,000 | $ 129,000 |
| Fayette County Tennessee | 1 | $ 75,000 | $ 75,000 | $ 90,000 |
| Maury County Tennessee | 1 | $ 205,000 | $ 205,000 | $ 89,000 |
| Rutherford County Tennessee | 1 | $ 175,000 | $ 175,000 | $ 295,000 |
| Collin County Texas | 1 | $ 105,000 | $ 105,000 | $ 260,000 |
| Dallas County Texas | 1 | $ 65,000 | $ 65,000 | $ 205,000 |
| Harris County Texas | 1 | $ 55,000 | $ 55,000 | $ 70,000 |
| Accomack County Virginia | 1 | $ 165,000 | $ 165,000 | $ 95,000 |
| Arlington County Virginia | 1 | $ 1,405,000 | $ 1,405,000 | $ 455,000 |
| Chesterfield County Virginia | 1 | $ 385,000 | $ 385,000 | $ 129,000 |
| Norfolk County Virginia | 1 | $ 295,000 | $ 295,000 | $ 302,000 |
| Northampton County Virginia | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Clark County Washington | 1 | $ 705,000 | $ 705,000 | $ 172,000 |
| Dane County Wisconsin | 1 | $ 265,000 | $ 265,000 | $ 336,000 |
| Eau Claire County Wisconsin | 1 | $ 385,000 | $ 385,000 | $ 183,000 |
| Forest County Wisconsin | 1 | $ 35,000 | $ 35,000 | $ 48,000 |
| Marinette County Wisconsin | 1 | $ 225,000 | $ 225,000 | $ 72,000 |
| Vilas County Wisconsin | 1 | $ 65,000 | $ 65,000 | $ 239,000 |
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 Michigan State University Federal Credit Union 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 | 5,409 | $1,247,085,000 | $230,000 | $6,795,000 | $102,000 | $1,596,000 |
| Other Purpose | 3,324 | $248,830,000 | $74,000 | $605,000 | $124,000 | $2,350,000 |
| Cash-out Refinancing | 891 | $161,445,000 | $181,000 | $1,755,000 | $110,000 | $3,525,000 |
| Refinancing | 327 | $50,715,000 | $155,000 | $1,495,000 | $97,000 | $928,000 |
| Home Improvement | 65 | $35,105,000 | $540,000 | $15,005,000 | $97,000 | $217,000 |
| 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 | 7,518 | $1,246,320,000 | $165,000 | $2,305,000 | $110,000 | $3,525,000 |
| Not Provided | 1,063 | $186,305,000 | $175,000 | $1,425,000 | $125,000 | $2,350,000 |
| Black or African American | 654 | $107,380,000 | $164,000 | $1,505,000 | $94,000 | $657,000 |
| Hispanic | 330 | $49,130,000 | $148,000 | $1,425,000 | $92,000 | $720,000 |
| Asian | 222 | $50,570,000 | $227,000 | $1,605,000 | $106,000 | $547,000 |
| American Indian or Alaskan Native | 86 | $14,080,000 | $163,000 | $455,000 | $97,000 | $456,000 |
| Not applicable | 47 | $61,615,000 | $1,310,000 | $15,005,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 5 | $555,000 | $111,000 | $175,000 | $94,000 | $194,000 |
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) | 10,016 | $1,743,180,000 | $174,000 | $15,005,000 | $110,000 | $3,525,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 4,360 | $652,230,000 | $149,000 | $15,005,000 | $125,000 | $2,350,000 |
| Preapproval Approved but not Accepted | 1,987 | $491,415,000 | $247,000 | $1,685,000 | $112,000 | $1,033,000 |
| File Closed For Incompleteness | 1,222 | $205,920,000 | $168,000 | $1,425,000 | $106,000 | $975,000 |
| Preapproval Denied by Financial Institution | 1,221 | $230,785,000 | $189,000 | $2,305,000 | $64,000 | $1,596,000 |
| Application Denied By Financial Institution | 441 | $52,785,000 | $119,000 | $1,495,000 | $84,000 | $636,000 |
| Application Withdrawn By Applicant | 410 | $63,360,000 | $154,000 | $6,795,000 | $107,000 | $950,000 |
| Application Approved But Not Accepted | 375 | $46,685,000 | $124,000 | $805,000 | $126,000 | $3,525,000 |
| Loan Purchased By The 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 | 8,354 | $1,459,610,000 | $174,000 | $15,005,000 | $118,000 | $3,525,000 |
| Debt-To-Income Ratio | 845 | $160,975,000 | $190,000 | $2,305,000 | $59,000 | $748,000 |
| Credit History | 385 | $53,285,000 | $138,000 | $485,000 | $71,000 | $365,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 159 | $25,475,000 | $160,000 | $575,000 | $69,000 | $220,000 |
| Employment History | 144 | $22,640,000 | $157,000 | $995,000 | $54,000 | $462,000 |
| Collateral | 86 | $10,960,000 | $127,000 | $755,000 | $129,000 | $636,000 |
| Other | 21 | $4,605,000 | $219,000 | $955,000 | $216,000 | $1,596,000 |
| Unverifiable Information | 12 | $3,150,000 | $262,000 | $1,495,000 | $104,000 | $468,000 |
| Credit Application Incomplete | 6 | $1,060,000 | $176,000 | $245,000 | $193,000 | $455,000 |
| Mortgage Insurance Denied | 4 | $1,420,000 | $355,000 | $535,000 | $138,000 | $184,000 |
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.