West Michigan 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 West Michigan 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 West Michigan Credit Union
1319 Front Ave 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  
Total Number of Mortgage Applications 237
Total Mortgage Loan Application Amount $24,845,000
Average Mortgage Loan Application Amount $97,000
Highest Mortgage Loan Application Amount $525,000
Average Applicant Income $74,000
Highest Applicant Income $1,260,000

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 West Michigan Credit Union by County in 2022

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 50 $ 4,500,000 $ 90,000 $ 73,000
Mecosta County Michigan 45 $ 5,165,000 $ 114,000 $ 108,000
Osceola County Michigan 44 $ 3,620,000 $ 82,000 $ 56,000
Wexford County Michigan 21 $ 2,005,000 $ 95,000 $ 53,000
Lake County Michigan 17 $ 1,315,000 $ 77,000 $ 49,000
Ottawa County Michigan 11 $ 1,985,000 $ 180,000 $ 138,000
Manistee County Michigan 9 $ 855,000 $ 95,000 $ 58,000
Newaygo County Michigan 8 $ 1,190,000 $ 148,000 $ 74,000
Missaukee County Michigan 5 $ 375,000 $ 75,000 $ 83,000
Montcalm County Michigan 4 $ 510,000 $ 127,000 $ 100,000
Grand Traverse County Michigan 3 $ 565,000 $ 188,000 $ 113,000
Allegan County Michigan 2 $ 280,000 $ 140,000 $ 100,000
Isabella County Michigan 2 $ 220,000 $ 110,000 $ 230,000
Washtenaw County Michigan 2 $ 550,000 $ 275,000 $ 87,000
Wayne County Michigan 2 $ 390,000 $ 195,000 $ 161,000
Antrim County Michigan 1 $ 175,000 $ 175,000 $ 65,000
Calhoun County Michigan 1 $ 235,000 $ 235,000 $ 81,000
Clare County Michigan 1 $ 65,000 $ 65,000 $ 33,000
Genesee County Michigan 1 $ 115,000 $ 115,000 $ 64,000
Gladwin County Michigan 1 $ 165,000 $ 165,000 $ 75,000
Kalamazoo County Michigan 1 $ 145,000 $ 145,000 $ 58,000
Kalkaska County Michigan 1 $ 35,000 $ 35,000 $ 67,000
Lenawee County Michigan 1 $ 45,000 $ 45,000 $ 39,000
Mason County Michigan 1 $ 105,000 $ 105,000 $ 89,000
Midland County Michigan 1 $ 145,000 $ 145,000 $ 56,000
Muskegon County Michigan 1 $ 65,000 $ 65,000 $ 29,000
Oceana County Michigan 1 $ 25,000 $ 25,000 $ 69,000

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 West Michigan 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 103 $15,095,000 $146,000 $525,000 $84,000 $1,260,000
Home Improvement 60 $3,290,000 $54,000 $205,000 $74,000 $235,000
Cash-out Refinancing 33 $3,605,000 $109,000 $435,000 $77,000 $230,000
Other Purpose 30 $1,440,000 $48,000 $175,000 $71,000 $176,000
Refinancing 11 $1,415,000 $128,000 $515,000 $64,000 $127,000
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 188 $19,340,000 $102,000 $525,000 $72,000 $235,000
Not Provided 35 $4,205,000 $120,000 $515,000 $125,000 $1,260,000
Black or African American 9 $775,000 $86,000 $175,000 $49,000 $77,000
Hispanic 2 $190,000 $95,000 $135,000 $73,000 $99,000
American Indian or Alaskan Native 2 $300,000 $150,000 $155,000 $49,000 $58,000
Asian 1 $35,000 $35,000 $35,000 $27,000 $27,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 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) 237 $24,845,000 $104,000 $525,000 $78,000 $1,260,000
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 100 $8,980,000 $89,000 $525,000 $89,000 $639,000
Application Denied By Financial Institution 35 $2,685,000 $76,000 $175,000 $54,000 $154,000
Preapproval Approved but not Accepted 25 $4,715,000 $188,000 $375,000 $78,000 $137,000
Preapproval Denied by Financial Institution 25 $3,555,000 $142,000 $425,000 $99,000 $1,260,000
Application Approved But Not Accepted 18 $2,160,000 $120,000 $515,000 $68,000 $179,000
Application Withdrawn By Applicant 17 $1,455,000 $85,000 $305,000 $71,000 $195,000
File Closed For Incompleteness 17 $1,295,000 $76,000 $255,000 $27,000 $176,000
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 177 $18,605,000 $105,000 $525,000 $79,000 $639,000
Debt-To-Income Ratio 24 $2,740,000 $114,000 $425,000 $44,000 $108,000
Employment History 14 $1,260,000 $90,000 $175,000 $51,000 $83,000
Credit History 14 $1,210,000 $86,000 $185,000 $141,000 $1,260,000
Other 3 $345,000 $115,000 $155,000 $119,000 $154,000
Collateral 2 $220,000 $110,000 $145,000 $50,000 $51,000
Insufficient Cash (Downpayment, Closing Cost) 2 $410,000 $205,000 $315,000 $44,000 $47,000
Mortgage Insurance Denied 1 $55,000 $55,000 $55,000 $84,000 $84,000
Credit Application Incomplete 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