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| Location |
Chippewa County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 864 |
| Total Amount of All Mortgage Loans Applied For | $87,547,000 |
| Average Mortgage Loan Amount Applied For | $101,000 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $60,000 |
| Highest Applicant Income | $499,000 |
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| Home Improvement |
81 | $4,052,000 |
$50,000 | $244,000 |
$55,000 | $225,000 |
| Home Purchase |
266 | $26,698,000 |
$100,000 | $413,000 |
$62,000 | $499,000 |
| Refinancing |
517 | $56,797,000 |
$109,000 | $417,000 |
$61,000 | $454,000 |
|
| American Indian or Alaskan Native |
58 | $4,577,000 |
$78,000 | $246,000 |
$59,000 | $250,000 |
| Asian |
2 | $128,000 |
$64,000 | $64,000 |
$76,000 | $76,000 |
| Black or African American |
9 | $903,000 |
$100,000 | $161,000 |
$59,000 | $216,000 |
| Hispanic |
16 | $1,522,000 |
$95,000 | $222,000 |
$55,000 | $137,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $219,000 |
$73,000 | $134,000 |
$61,000 | $94,000 |
| Not applicable |
56 | $6,130,000 |
$109,000 | $206,000 |
$7,000 | $73,000 |
| Not Provided |
123 | $11,634,000 |
$94,000 | $335,000 |
$59,000 | $360,000 |
| White |
597 | $62,434,000 |
$104,000 | $417,000 |
$66,000 | $499,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
622 | $60,637,000 |
$97,000 | $417,000 |
$66,000 | $475,000 |
| FHA-insured (Federal Housing Administration) |
188 | $20,989,000 |
$111,000 | $274,000 |
$48,000 | $499,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
18 | $1,498,000 |
$83,000 | $173,000 |
$24,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
36 | $4,423,000 |
$122,000 | $208,000 |
$41,000 | $137,000 |
|
| Application Approved But Not Accepted |
64 | $5,979,000 |
$93,000 | $417,000 |
$67,000 | $475,000 |
| Application Denied By Financial Institution |
260 | $25,385,000 |
$97,000 | $417,000 |
$56,000 | $400,000 |
| Application Withdrawn By Applicant |
75 | $8,579,000 |
$114,000 | $331,000 |
$78,000 | $454,000 |
| File Closed For Incompleteness |
15 | $1,333,000 |
$88,000 | $277,000 |
$55,000 | $133,000 |
| Loan Originated |
340 | $33,726,000 |
$99,000 | $413,000 |
$68,000 | $467,000 |
| Loan Purchased By The Institution |
110 | $12,545,000 |
$114,000 | $335,000 |
$34,000 | $499,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
54 | $6,333,000 |
$117,000 | $301,000 |
$76,000 | $400,000 |
| Credit Application Incomplete |
10 | $1,043,000 |
$104,000 | $179,000 |
$49,000 | $67,000 |
| Credit History |
43 | $2,659,000 |
$61,000 | $181,000 |
$58,000 | $216,000 |
| Debt-To-Income Ratio |
26 | $3,082,000 |
$118,000 | $417,000 |
$45,000 | $138,000 |
| Employment History |
1 | $135,000 |
$135,000 | $135,000 |
$11,000 | $11,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $96,000 |
$48,000 | $57,000 |
$19,000 | $21,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,029,000 |
$79,000 | $300,000 |
$62,000 | $300,000 |
| Unverifiable Information |
2 | $222,000 |
$111,000 | $152,000 |
$81,000 | $103,000 |
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