|
| Location |
Chisago County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 3,463 |
| Total Amount of All Mortgage Loans Applied For | $630,551,000 |
| Average Mortgage Loan Amount Applied For | $182,000 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $828,000 |
|
|
|
| Home Improvement |
299 | $23,166,000 |
$77,000 | $900,000 |
$78,000 | $618,000 |
| Home Purchase |
971 | $172,165,000 |
$177,000 | $552,000 |
$69,000 | $828,000 |
| Refinancing |
2,193 | $435,220,000 |
$198,000 | $3,000,000 |
$73,000 | $604,000 |
|
| American Indian or Alaskan Native |
11 | $2,169,000 |
$197,000 | $417,000 |
$78,000 | $118,000 |
| Asian |
42 | $12,141,000 |
$289,000 | $500,000 |
$100,000 | $324,000 |
| Black or African American |
14 | $3,326,000 |
$237,000 | $404,000 |
$74,000 | $151,000 |
| Hispanic |
27 | $3,742,000 |
$138,000 | $288,000 |
$62,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $754,000 |
$377,000 | $552,000 |
$290,000 | $536,000 |
| Not applicable |
251 | $51,520,000 |
$205,000 | $3,000,000 |
$23,000 | $184,000 |
| Not Provided |
295 | $55,495,000 |
$188,000 | $1,000,000 |
$76,000 | $440,000 |
| White |
2,821 | $501,404,000 |
$177,000 | $1,200,000 |
$76,000 | $828,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,705 | $486,216,000 |
$179,000 | $3,000,000 |
$76,000 | $828,000 |
| FHA-insured (Federal Housing Administration) |
643 | $125,236,000 |
$194,000 | $371,000 |
$59,000 | $357,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
69 | $10,289,000 |
$149,000 | $307,000 |
$35,000 | $93,000 |
| VA-guaranteed (Veterans Administration) |
46 | $8,810,000 |
$191,000 | $417,000 |
$48,000 | $203,000 |
|
| Application Approved But Not Accepted |
272 | $50,267,000 |
$184,000 | $1,000,000 |
$79,000 | $440,000 |
| Application Denied By Financial Institution |
798 | $150,948,000 |
$189,000 | $1,200,000 |
$73,000 | $604,000 |
| Application Withdrawn By Applicant |
313 | $60,839,000 |
$194,000 | $656,000 |
$80,000 | $828,000 |
| File Closed For Incompleteness |
95 | $17,584,000 |
$185,000 | $500,000 |
$90,000 | $580,000 |
| Loan Originated |
1,528 | $258,318,000 |
$169,000 | $3,000,000 |
$76,000 | $728,000 |
| Loan Purchased By The Institution |
457 | $92,595,000 |
$202,000 | $666,000 |
$45,000 | $249,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
198 | $38,896,000 |
$196,000 | $1,200,000 |
$84,000 | $604,000 |
| Credit Application Incomplete |
39 | $6,339,000 |
$162,000 | $598,000 |
$77,000 | $482,000 |
| Credit History |
119 | $18,386,000 |
$154,000 | $731,000 |
$67,000 | $322,000 |
| Debt-To-Income Ratio |
138 | $27,221,000 |
$197,000 | $534,000 |
$59,000 | $262,000 |
| Employment History |
5 | $956,000 |
$191,000 | $330,000 |
$54,000 | $80,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $589,000 |
$147,000 | $226,000 |
$51,000 | $99,000 |
| Mortgage Insurance Denied |
2 | $410,000 |
$205,000 | $227,000 |
$53,000 | $72,000 |
| Other |
52 | $12,027,000 |
$231,000 | $900,000 |
$92,000 | $240,000 |
| Unverifiable Information |
10 | $2,347,000 |
$234,000 | $380,000 |
$111,000 | $240,000 |
|
|