Paramount Bank
Mortgage Loan Application
Totals and Details
for 2007

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 Paramount 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 2003-2022.

Mortgage Company & Address Paramount Bank
31000 Northwestern Hwy., #200
Farmington Hills, MI 48334
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 680
Total Mortgage Loan Application Amount $157,124,000
Average Mortgage Loan Application Amount $209,000
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $120,666
Highest Applicant Income $1,198,000

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 Paramount Bank by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Oakland County Michigan 286 $ 86,648,000 $ 302,000 $ 168,000
Wayne County Michigan 128 $ 18,479,000 $ 144,000 $ 64,000
Macomb County Michigan 105 $ 18,535,000 $ 176,000 $ 87,000
Hillsborough County Florida 28 $ 2,966,000 $ 105,000 $ 75,000
Livingston County Michigan 18 $ 4,021,000 $ 223,000 $ 145,000
Genesee County Michigan 11 $ 1,554,000 $ 141,000 $ 117,000
Washtenaw County Michigan 11 $ 2,075,000 $ 188,000 $ 114,000
St. Clair County Michigan 10 $ 2,102,000 $ 210,000 $ 154,000
Collier County Florida 5 $ 2,597,000 $ 519,000 $ 334,000
Maricopa County Arizona 4 $ 753,000 $ 188,000 $ 150,000
Monroe County Michigan 4 $ 895,000 $ 223,000 $ 104,000
Orange County California 3 $ 1,711,000 $ 570,000 $ 213,000
Antrim County Michigan 3 $ 220,000 $ 73,000 $ 199,000
Ingham County Michigan 3 $ 812,000 $ 270,000 $ 159,000
Lenawee County Michigan 3 $ 404,000 $ 134,000 $ 55,000
Brunswick County North Carolina 3 $ 813,000 $ 271,000 $ 107,000
Beaufort County South Carolina 3 $ 557,000 $ 185,000 $ 378,000
Miami-Dade County Florida 2 $ 1,113,000 $ 556,000 $ 536,000
Orange County Florida 2 $ 627,000 $ 313,000 $ 74,000
Cook County Illinois 2 $ 610,000 $ 305,000 $ 47,000
DuPage County Illinois 2 $ 601,000 $ 300,000 $ 253,000
Allegan County Michigan 2 $ 410,000 $ 205,000 $ 102,000
Cheboygan County Michigan 2 $ 561,000 $ 280,000 $ 217,000
Kent County Michigan 2 $ 248,000 $ 124,000 $ 450,000
Sanilac County Michigan 2 $ 353,000 $ 176,000 $ 308,000
Lucas County Ohio 2 $ 825,000 $ 412,000 $ 223,000
Knox County Tennessee 2 $ 314,000 $ 157,000 $ 43,000
Wood County West Virginia 2 $ 147,000 $ 73,000 $ 103,000
Sussex County Delaware 1 $ 238,000 $ 238,000 $ 131,000
Lee County Florida 1 $ 260,000 $ 260,000 $ 0
Manatee County Florida 1 $ 253,000 $ 253,000 $ 218,000
Pasco County Florida 1 $ 312,000 $ 312,000 $ 93,000
Lake County Illinois 1 $ 400,000 $ 400,000 $ 171,000
McHenry County Illinois 1 $ 200,000 $ 200,000 $ 65,000
Jefferson County Kentucky 1 $ 336,000 $ 336,000 $ 300,000
Lawrence County Kentucky 1 $ 100,000 $ 100,000 $ 0
Washington County Maryland 1 $ 135,000 $ 135,000 $ 37,000
Barnstable County Massachusetts 1 $ 187,000 $ 187,000 $ 120,000
Alcona County Michigan 1 $ 86,000 $ 86,000 $ 55,000
Benzie County Michigan 1 $ 225,000 $ 225,000 $ 558,000
Branch County Michigan 1 $ 255,000 $ 255,000 $ 168,000
Chippewa County Michigan 1 $ 120,000 $ 120,000 $ 51,000
Emmet County Michigan 1 $ 180,000 $ 180,000 $ 424,000
Hillsdale County Michigan 1 $ 200,000 $ 200,000 $ 275,000
Huron County Michigan 1 $ 57,000 $ 57,000 $ 15,000
Isabella County Michigan 1 $ 320,000 $ 320,000 $ 148,000
Lapeer County Michigan 1 $ 74,000 $ 74,000 $ 34,000
Montmorency County Michigan 1 $ 100,000 $ 100,000 $ 252,000
Oscoda County Michigan 1 $ 220,000 $ 220,000 $ 125,000
Roscommon County Michigan 1 $ 114,000 $ 114,000 $ 77,000
Crow Wing County Minnesota 1 $ 212,000 $ 212,000 $ 200,000
Stark County Ohio 1 $ 133,000 $ 133,000 $ 98,000
Aiken County South Carolina 1 $ 57,000 $ 57,000 $ 33,000
DeKalb County Tennessee 1 $ 197,000 $ 197,000 $ 107,000
Williamson County Tennessee 1 $ 400,000 $ 400,000 $ 0
Travis County Texas 1 $ 82,000 $ 82,000 $ 130,000
Arlington County Virginia 1 $ 260,000 $ 260,000 $ 350,000
Waukesha County Wisconsin 1 $ 460,000 $ 460,000 $ 0

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 Paramount Bank in 2007

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 415 $115,856,000 $279,000 $1,500,000 $148,000 $968,000
Home Purchase 244 $37,142,000 $152,000 $1,400,000 $105,000 $1,198,000
Home Improvement 21 $4,126,000 $196,000 $640,000 $109,000 $300,000

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 605 $148,167,000 $244,000 $1,500,000 $142,000 $1,198,000
Not applicable 33 $1,465,000 $44,000 $70,000 $0 $0
Black or African American 16 $3,188,000 $199,000 $486,000 $79,000 $192,000
Hispanic 16 $2,262,000 $141,000 $355,000 $68,000 $158,000
Asian 9 $1,457,000 $161,000 $689,000 $86,000 $210,000
Not Provided 1 $585,000 $585,000 $585,000 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 643 $151,899,000 $236,000 $1,500,000 $136,000 $1,198,000
FHA-insured (Federal Housing Administration) 37 $5,225,000 $141,000 $229,000 $55,000 $136,000
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 540 $118,481,000 $219,000 $1,500,000 $132,000 $1,198,000
Application Denied By Financial Institution 61 $18,430,000 $302,000 $1,500,000 $162,000 $901,000
Application Withdrawn By Applicant 39 $8,457,000 $216,000 $934,000 $129,000 $650,000
File Closed For Incompleteness 24 $7,125,000 $296,000 $620,000 $43,000 $203,000
Application Approved But Not Accepted 16 $4,631,000 $289,000 $998,000 $107,000 $264,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 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.

Download the Michigan Lender List