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| Location |
Armstrong County PA
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 3,222 |
| Total Amount of All Mortgage Loans Applied For | $273,522,000 |
| Average Mortgage Loan Amount Applied For | $84,000 |
| Highest Mortgage Loan Amount Applied For | $1,107,000 |
| Average Applicant Income | $62,000 |
| Highest Applicant Income | $5,891,000 |
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| Home Improvement |
630 | $25,834,000 |
$41,000 | $300,000 |
$62,000 | $1,564,000 |
| Home Purchase |
810 | $72,811,000 |
$89,000 | $450,000 |
$60,000 | $3,309,000 |
| Refinancing |
1,782 | $174,877,000 |
$98,000 | $1,107,000 |
$63,000 | $5,891,000 |
|
| American Indian or Alaskan Native |
7 | $632,000 |
$90,000 | $197,000 |
$63,000 | $168,000 |
| Asian |
3 | $1,024,000 |
$341,000 | $850,000 |
$189,000 | $444,000 |
| Black or African American |
12 | $872,000 |
$72,000 | $137,000 |
$62,000 | $201,000 |
| Hispanic |
22 | $2,056,000 |
$93,000 | $318,000 |
$48,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
79 | $8,609,000 |
$108,000 | $600,000 |
$70,000 | $3,309,000 |
| Not Provided |
317 | $25,705,000 |
$81,000 | $314,000 |
$59,000 | $395,000 |
| White |
2,782 | $234,624,000 |
$84,000 | $1,107,000 |
$62,000 | $5,891,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,706 | $219,360,000 |
$81,000 | $1,107,000 |
$65,000 | $5,891,000 |
| FHA-insured (Federal Housing Administration) |
451 | $47,804,000 |
$105,000 | $326,000 |
$50,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
32 | $2,505,000 |
$78,000 | $163,000 |
$36,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
33 | $3,853,000 |
$116,000 | $281,000 |
$47,000 | $96,000 |
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| Application Approved But Not Accepted |
145 | $12,430,000 |
$85,000 | $417,000 |
$62,000 | $395,000 |
| Application Denied By Financial Institution |
1,088 | $90,117,000 |
$82,000 | $850,000 |
$60,000 | $5,891,000 |
| Application Withdrawn By Applicant |
300 | $28,168,000 |
$93,000 | $340,000 |
$62,000 | $332,000 |
| File Closed For Incompleteness |
65 | $6,625,000 |
$101,000 | $334,000 |
$64,000 | $305,000 |
| Loan Originated |
1,420 | $112,676,000 |
$79,000 | $1,107,000 |
$66,000 | $3,309,000 |
| Loan Purchased By The Institution |
204 | $23,506,000 |
$115,000 | $360,000 |
$45,000 | $208,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
105 | $9,305,000 |
$88,000 | $294,000 |
$61,000 | $241,000 |
| Credit Application Incomplete |
25 | $2,229,000 |
$89,000 | $232,000 |
$56,000 | $96,000 |
| Credit History |
166 | $9,202,000 |
$55,000 | $360,000 |
$87,000 | $5,891,000 |
| Debt-To-Income Ratio |
118 | $9,735,000 |
$82,000 | $300,000 |
$46,000 | $257,000 |
| Employment History |
15 | $1,205,000 |
$80,000 | $305,000 |
$65,000 | $234,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $871,000 |
$87,000 | $168,000 |
$64,000 | $215,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
35 | $2,366,000 |
$67,000 | $326,000 |
$60,000 | $180,000 |
| Unverifiable Information |
11 | $426,000 |
$38,000 | $104,000 |
$52,000 | $130,000 |
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