<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE HANOVER
CAPITAL MORTGAGE HOLDINGS, INC'S QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD
FROM JULY 1, 2000 TO SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JUL-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 3,073
<SECURITIES> 78,013
<RECEIVABLES> 3,138
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 239,153<F1>
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 323,377
<CURRENT-LIABILITIES> 49,275<F1>
<BONDS> 226,229
0
0
<COMMON> 58
<OTHER-SE> 47,815<F2>
<TOTAL-LIABILITY-AND-EQUITY> 323,377
<SALES> 7,154
<TOTAL-REVENUES> 1,696
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 502
<LOSS-PROVISION> 385
<INTEREST-EXPENSE> 5,073
<INCOME-PRETAX> 727
<INCOME-TAX> 0
<INCOME-CONTINUING> 727
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 727
<EPS-BASIC> 0.15
<EPS-DILUTED> 0.15
<FN>
<F1>As a Real Estate Investment Trust our balance sheet is not classified.
<F2>Includes Retained Earnings and Paid In Capital.
</FN>
</TABLE>