Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Kent County, Michigan
Every institution that decided a 1–4 unit mortgage application in Kent County, home to Grand Rapids, between 2023 and 2025: 53,086 applications, 41,119 loans actually funded, across 8 kinds of borrowing.
Kent County at a glance
53,086Applications decided
2023–2025
41,119Loans funded
77% of decisions
145Census tracts
29 ZIP codes
658,844People
ACS 2023
What the data shows
The typical purchase mortgage here is $285K.
Investment home improvement is the hardest money to get here: lenders approved 71% of 384 applications.
Lending by loan type in Kent County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 85.1% | 25,876 | $285K | 96% | 379 |
| Home improvement loans | 75.2% | 9,308 | $55K | 93% | 132 |
| Cash-out refinance | 74.8% | 6,959 | $155K | 96% | 227 |
| Refinance | 81.3% | 8,328 | $105K | 95% | 239 |
| Investment property purchase | 88.3% | 1,365 | $205K | 97% | 190 |
| Investment cash-out refinance | 77.7% | 476 | $165K | 95% | 113 |
| Investment refinance | 77.7% | 390 | $195K | 94% | 81 |
| Investment home improvement | 71.4% | 384 | $55K | 97% | 44 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.