|
| Location |
Branch County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,875 |
| Total Amount of All Mortgage Loans Applied For | $201,436,000 |
| Average Mortgage Loan Amount Applied For | $107,000 |
| Highest Mortgage Loan Amount Applied For | $1,713,000 |
| Average Applicant Income | $62,000 |
| Highest Applicant Income | $1,644,000 |
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| Home Improvement |
186 | $8,858,000 |
$47,000 | $755,000 |
$55,000 | $264,000 |
| Home Purchase |
632 | $62,041,000 |
$98,000 | $572,000 |
$62,000 | $883,000 |
| Refinancing |
1,057 | $130,537,000 |
$123,000 | $1,713,000 |
$63,000 | $1,644,000 |
|
| American Indian or Alaskan Native |
8 | $688,000 |
$86,000 | $165,000 |
$26,000 | $63,000 |
| Asian |
5 | $533,000 |
$106,000 | $164,000 |
$25,000 | $50,000 |
| Black or African American |
6 | $1,145,000 |
$190,000 | $575,000 |
$125,000 | $411,000 |
| Hispanic |
42 | $3,676,000 |
$87,000 | $356,000 |
$56,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $88,000 |
$88,000 | $88,000 |
$77,000 | $77,000 |
| Not applicable |
155 | $18,081,000 |
$116,000 | $1,713,000 |
$24,000 | $724,000 |
| Not Provided |
140 | $16,925,000 |
$120,000 | $572,000 |
$72,000 | $1,644,000 |
| White |
1,518 | $160,300,000 |
$105,000 | $700,000 |
$65,000 | $883,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,363 | $149,075,000 |
$109,000 | $1,713,000 |
$72,000 | $1,644,000 |
| FHA-insured (Federal Housing Administration) |
324 | $37,981,000 |
$117,000 | $1,514,000 |
$44,000 | $223,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
171 | $12,393,000 |
$72,000 | $302,000 |
$17,000 | $70,000 |
| VA-guaranteed (Veterans Administration) |
17 | $1,987,000 |
$116,000 | $227,000 |
$36,000 | $120,000 |
|
| Application Approved But Not Accepted |
106 | $9,852,000 |
$92,000 | $390,000 |
$53,000 | $180,000 |
| Application Denied By Financial Institution |
460 | $47,959,000 |
$104,000 | $1,713,000 |
$58,000 | $1,644,000 |
| Application Withdrawn By Applicant |
130 | $16,681,000 |
$128,000 | $572,000 |
$70,000 | $650,000 |
| File Closed For Incompleteness |
27 | $3,485,000 |
$129,000 | $318,000 |
$56,000 | $295,000 |
| Loan Originated |
880 | $95,199,000 |
$108,000 | $1,514,000 |
$73,000 | $883,000 |
| Loan Purchased By The Institution |
271 | $28,180,000 |
$103,000 | $417,000 |
$32,000 | $613,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $80,000 |
$80,000 | $80,000 |
$68,000 | $68,000 |
|
| Collateral |
76 | $10,982,000 |
$144,000 | $1,713,000 |
$86,000 | $1,644,000 |
| Credit Application Incomplete |
15 | $1,546,000 |
$103,000 | $207,000 |
$51,000 | $99,000 |
| Credit History |
87 | $7,005,000 |
$80,000 | $500,000 |
$44,000 | $174,000 |
| Debt-To-Income Ratio |
42 | $5,270,000 |
$125,000 | $417,000 |
$52,000 | $221,000 |
| Employment History |
3 | $284,000 |
$94,000 | $139,000 |
$31,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $240,000 |
$80,000 | $102,000 |
$38,000 | $49,000 |
| Mortgage Insurance Denied |
1 | $62,000 |
$62,000 | $62,000 |
$75,000 | $75,000 |
| Other |
21 | $2,390,000 |
$113,000 | $315,000 |
$83,000 | $550,000 |
| Unverifiable Information |
6 | $766,000 |
$127,000 | $220,000 |
$64,000 | $96,000 |
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