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| Location |
Clay County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 3,381 |
| Total Amount of All Mortgage Loans Applied For | $403,450,000 |
| Average Mortgage Loan Amount Applied For | $119,000 |
| Highest Mortgage Loan Amount Applied For | $2,071,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $1,454,000 |
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| Home Improvement |
425 | $16,584,000 |
$39,000 | $1,350,000 |
$67,000 | $500,000 |
| Home Purchase |
1,386 | $190,359,000 |
$137,000 | $2,071,000 |
$59,000 | $440,000 |
| Refinancing |
1,570 | $196,507,000 |
$125,000 | $1,590,000 |
$70,000 | $1,454,000 |
|
| American Indian or Alaskan Native |
10 | $1,622,000 |
$162,000 | $276,000 |
$71,000 | $106,000 |
| Asian |
14 | $1,521,000 |
$108,000 | $155,000 |
$45,000 | $81,000 |
| Black or African American |
11 | $1,025,000 |
$93,000 | $149,000 |
$56,000 | $101,000 |
| Hispanic |
40 | $4,096,000 |
$102,000 | $373,000 |
$43,000 | $88,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $381,000 |
$127,000 | $157,000 |
$66,000 | $78,000 |
| Not applicable |
422 | $69,858,000 |
$165,000 | $2,071,000 |
$34,000 | $390,000 |
| Not Provided |
221 | $23,970,000 |
$108,000 | $371,000 |
$70,000 | $578,000 |
| White |
2,660 | $300,977,000 |
$113,000 | $580,000 |
$70,000 | $1,454,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,557 | $292,413,000 |
$114,000 | $2,071,000 |
$71,000 | $1,454,000 |
| FHA-insured (Federal Housing Administration) |
724 | $96,552,000 |
$133,000 | $287,000 |
$46,000 | $206,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
12 | $1,251,000 |
$104,000 | $158,000 |
$24,000 | $56,000 |
| VA-guaranteed (Veterans Administration) |
88 | $13,234,000 |
$150,000 | $284,000 |
$40,000 | $143,000 |
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| Application Approved But Not Accepted |
129 | $15,936,000 |
$123,000 | $417,000 |
$64,000 | $210,000 |
| Application Denied By Financial Institution |
450 | $49,806,000 |
$110,000 | $515,000 |
$63,000 | $1,454,000 |
| Application Withdrawn By Applicant |
265 | $33,403,000 |
$126,000 | $417,000 |
$66,000 | $598,000 |
| File Closed For Incompleteness |
43 | $6,154,000 |
$143,000 | $365,000 |
$89,000 | $694,000 |
| Loan Originated |
1,944 | $221,420,000 |
$113,000 | $2,071,000 |
$69,000 | $1,296,000 |
| Loan Purchased By The Institution |
550 | $76,731,000 |
$139,000 | $417,000 |
$48,000 | $390,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
73 | $8,273,000 |
$113,000 | $328,000 |
$68,000 | $184,000 |
| Credit Application Incomplete |
21 | $3,204,000 |
$152,000 | $515,000 |
$123,000 | $1,454,000 |
| Credit History |
101 | $8,618,000 |
$85,000 | $373,000 |
$57,000 | $150,000 |
| Debt-To-Income Ratio |
77 | $7,676,000 |
$99,000 | $371,000 |
$52,000 | $176,000 |
| Employment History |
7 | $823,000 |
$117,000 | $195,000 |
$42,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $124,000 |
$124,000 | $124,000 |
$79,000 | $79,000 |
| Other |
17 | $1,667,000 |
$98,000 | $209,000 |
$65,000 | $341,000 |
| Unverifiable Information |
7 | $1,062,000 |
$151,000 | $261,000 |
$65,000 | $83,000 |
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