|
| Location |
Alcorn County MS
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Applications | 1,711 |
| Total Amount of All Mortgage Loans Applied For | $137,803,000 |
| Average Mortgage Loan Amount Applied For | $80,000 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $2,000,000 |
|
|
|
| Home Improvement |
267 | $8,959,000 |
$33,000 | $401,000 |
$52,000 | $575,000 |
| Home Purchase |
604 | $57,101,000 |
$94,000 | $880,000 |
$63,000 | $1,306,000 |
| Refinancing |
840 | $71,743,000 |
$85,000 | $1,100,000 |
$61,000 | $2,000,000 |
|
|
| American Indian or Alaskan Native |
2 | $176,000 |
$88,000 | $116,000 |
$1,015,000 | $2,000,000 |
| Asian |
1 | $14,000 |
$14,000 | $14,000 |
$49,000 | $49,000 |
| Black or African American |
93 | $4,707,000 |
$50,000 | $150,000 |
$43,000 | $213,000 |
| Hispanic |
17 | $991,000 |
$58,000 | $116,000 |
$46,000 | $130,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
136 | $13,299,000 |
$97,000 | $1,100,000 |
$25,000 | $500,000 |
| Not Provided |
128 | $8,222,000 |
$64,000 | $272,000 |
$44,000 | $187,000 |
| White |
1,334 | $110,394,000 |
$82,000 | $880,000 |
$65,000 | $1,489,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,614 | $128,504,000 |
$79,000 | $1,100,000 |
$62,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) |
36 | $3,576,000 |
$99,000 | $181,000 |
$48,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
49 | $3,991,000 |
$81,000 | $144,000 |
$20,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
12 | $1,732,000 |
$144,000 | $213,000 |
$46,000 | $82,000 |
|
|
| Application Approved But Not Accepted |
80 | $6,955,000 |
$86,000 | $401,000 |
$61,000 | $325,000 |
| Application Denied By Financial Institution |
347 | $22,758,000 |
$65,000 | $364,000 |
$42,000 | $221,000 |
| Application Withdrawn By Applicant |
110 | $8,287,000 |
$75,000 | $364,000 |
$52,000 | $215,000 |
| File Closed For Incompleteness |
46 | $4,844,000 |
$105,000 | $485,000 |
$57,000 | $199,000 |
| Loan Originated |
860 | $68,587,000 |
$79,000 | $1,100,000 |
$72,000 | $2,000,000 |
| Loan Purchased By The Institution |
268 | $26,372,000 |
$98,000 | $340,000 |
$49,000 | $442,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
32 | $2,853,000 |
$89,000 | $364,000 |
$49,000 | $90,000 |
| Credit Application Incomplete |
13 | $1,063,000 |
$81,000 | $151,000 |
$51,000 | $92,000 |
| Credit History |
61 | $3,234,000 |
$53,000 | $342,000 |
$45,000 | $175,000 |
| Debt-To-Income Ratio |
21 | $1,540,000 |
$73,000 | $165,000 |
$35,000 | $68,000 |
| Employment History |
3 | $106,000 |
$35,000 | $55,000 |
$15,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $259,000 |
$86,000 | $129,000 |
$50,000 | $68,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $1,193,000 |
$79,000 | $242,000 |
$52,000 | $221,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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