Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Wayne County, Michigan
Every institution that decided a 1–4 unit mortgage application in Wayne County, home to Detroit, between 2023 and 2025: 117,795 applications, 81,051 loans actually funded, across 8 kinds of borrowing.
Wayne County at a glance
117,795Applications decided
2023–2025
81,051Loans funded
69% of decisions
625Census tracts
68 ZIP codes
1,773,767People
ACS 2023
What the data shows
The typical purchase mortgage here is $205K.
Investment home improvement is the hardest money to get here: lenders approved 32% of 1,030 applications.
Lending by loan type in Wayne County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 81.7% | 53,738 | $205K | 95% | 470 |
| Home improvement loans | 55.0% | 18,473 | $55K | 88% | 163 |
| Cash-out refinance | 66.6% | 18,364 | $115K | 95% | 296 |
| Refinance | 72.5% | 12,562 | $195K | 92% | 284 |
| Investment property purchase | 82.2% | 7,601 | $105K | 94% | 305 |
| Investment cash-out refinance | 73.2% | 4,162 | $105K | 93% | 200 |
| Investment refinance | 72.9% | 1,865 | $105K | 91% | 138 |
| Investment home improvement | 31.6% | 1,030 | $85K | 83% | 91 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.