HMDA RESEARCH
Michigan mortgage activity
Annual public HMDA data. Reported activity does not establish current availability, approval likelihood or licensing.
| Year | Loan type | Purpose | Applications | Originations | Purchased | Reported volume | Average amount |
|---|---|---|---|---|---|---|---|
| 2025 | Conventional | Purchase | 134,112 | 87,444 | 10,749 | $28,029,240,000 | $320,539 |
| 2025 | Conventional | Improvement | 45,233 | 24,936 | 526 | $2,434,960,000 | $97,648 |
| 2025 | Conventional | Other | 48,761 | 24,482 | 1,076 | $2,814,480,000 | $114,961 |
| 2025 | Conventional | Not applicable | 49 | 17 | 145 | $3,385,000 | $199,118 |
| 2025 | Conventional | Refinance | 46,912 | 29,882 | 2,167 | $9,370,340,000 | $313,578 |
| 2025 | Conventional | Cash-out refinance | 45,739 | 27,301 | 4,521 | $5,811,255,000 | $212,859 |
| 2025 | FHA | Purchase | 20,677 | 13,523 | 5,677 | $2,951,325,000 | $218,245 |
| 2025 | FHA | Improvement | 323 | 88 | 34 | $10,930,000 | $124,205 |
| 2025 | FHA | Other | 1,448 | 349 | 18 | $45,895,000 | $131,504 |
| 2025 | FHA | Not applicable | 31 | 21 | 548 | $2,755,000 | $131,190 |
| 2025 | FHA | Refinance | 7,706 | 3,395 | 520 | $962,125,000 | $283,395 |
| 2025 | FHA | Cash-out refinance | 14,968 | 5,814 | 1,329 | $1,159,140,000 | $199,370 |
| 2025 | VA | Purchase | 8,079 | 5,595 | 2,194 | $1,732,825,000 | $309,710 |
| 2025 | VA | Improvement | 21 | 5 | 17 | $1,435,000 | $287,000 |
| 2025 | VA | Other | 77 | 14 | 1 | $2,830,000 | $202,143 |
| 2025 | VA | Not applicable | 0 | 0 | 34 | Not available | Not available |
| 2025 | VA | Refinance | 5,790 | 3,459 | 267 | $1,036,165,000 | $299,556 |
| 2025 | VA | Cash-out refinance | 6,665 | 2,463 | 485 | $665,805,000 | $270,323 |
| 2025 | USDA | Purchase | 1,041 | 679 | 457 | $126,555,000 | $186,384 |
| 2025 | USDA | Improvement | 1 | 1 | 0 | $205,000 | $205,000 |
| 2025 | USDA | Other | 1 | 1 | 1 | $215,000 | $215,000 |
| 2025 | USDA | Not applicable | 9 | 7 | 37 | $905,000 | $129,286 |
| 2025 | USDA | Refinance | 70 | 29 | 13 | $5,775,000 | $199,138 |
| 2025 | USDA | Cash-out refinance | 1 | 0 | 0 | Not available | Not available |
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