|
| Location |
Becker County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,995 |
| Total Amount of All Mortgage Loans Applied For | $283,067,000 |
| Average Mortgage Loan Amount Applied For | $141,000 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $4,000,000 |
|
|
|
| Home Improvement |
237 | $12,312,000 |
$51,000 | $436,000 |
$67,000 | $490,000 |
| Home Purchase |
577 | $89,175,000 |
$154,000 | $1,480,000 |
$80,000 | $899,000 |
| Refinancing |
1,181 | $181,580,000 |
$153,000 | $1,500,000 |
$82,000 | $4,000,000 |
|
| American Indian or Alaskan Native |
26 | $2,108,000 |
$81,000 | $350,000 |
$56,000 | $135,000 |
| Asian |
4 | $632,000 |
$158,000 | $254,000 |
$62,000 | $84,000 |
| Black or African American |
7 | $1,171,000 |
$167,000 | $178,000 |
$67,000 | $100,000 |
| Hispanic |
8 | $607,000 |
$75,000 | $143,000 |
$51,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
180 | $31,767,000 |
$176,000 | $1,480,000 |
$44,000 | $360,000 |
| Not Provided |
143 | $17,442,000 |
$121,000 | $500,000 |
$83,000 | $545,000 |
| White |
1,627 | $229,340,000 |
$140,000 | $1,500,000 |
$84,000 | $4,000,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,723 | $244,577,000 |
$141,000 | $1,500,000 |
$86,000 | $4,000,000 |
| FHA-insured (Federal Housing Administration) |
177 | $26,353,000 |
$148,000 | $456,000 |
$48,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
80 | $9,344,000 |
$116,000 | $234,000 |
$28,000 | $79,000 |
| VA-guaranteed (Veterans Administration) |
15 | $2,793,000 |
$186,000 | $259,000 |
$55,000 | $133,000 |
|
| Application Approved But Not Accepted |
90 | $12,075,000 |
$134,000 | $417,000 |
$96,000 | $440,000 |
| Application Denied By Financial Institution |
331 | $43,716,000 |
$132,000 | $960,000 |
$58,000 | $300,000 |
| Application Withdrawn By Applicant |
167 | $28,669,000 |
$171,000 | $800,000 |
$97,000 | $4,000,000 |
| File Closed For Incompleteness |
30 | $4,218,000 |
$140,000 | $417,000 |
$71,000 | $194,000 |
| Loan Originated |
1,102 | $149,181,000 |
$135,000 | $1,500,000 |
$87,000 | $1,185,000 |
| Loan Purchased By The Institution |
275 | $45,208,000 |
$164,000 | $995,000 |
$60,000 | $481,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
61 | $8,524,000 |
$139,000 | $417,000 |
$71,000 | $243,000 |
| Credit Application Incomplete |
20 | $2,653,000 |
$132,000 | $252,000 |
$79,000 | $240,000 |
| Credit History |
70 | $5,406,000 |
$77,000 | $310,000 |
$41,000 | $161,000 |
| Debt-To-Income Ratio |
50 | $9,686,000 |
$193,000 | $910,000 |
$55,000 | $147,000 |
| Employment History |
5 | $574,000 |
$114,000 | $174,000 |
$50,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,181,000 |
$393,000 | $960,000 |
$33,000 | $70,000 |
| Mortgage Insurance Denied |
2 | $388,000 |
$194,000 | $252,000 |
$53,000 | $76,000 |
| Other |
13 | $2,505,000 |
$192,000 | $417,000 |
$79,000 | $180,000 |
| Unverifiable Information |
8 | $1,568,000 |
$196,000 | $285,000 |
$117,000 | $300,000 |
|
|