| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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Clay County TN
Mortgage Loan Application
Totals and Details
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| Location |
Clay County TN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 275 |
| Total Amount of All Mortgage Loans Applied For | $22,151,000 |
| Average Mortgage Loan Amount Applied For | $80,000 |
| Highest Mortgage Loan Amount Applied For | $755,000 |
| Average Applicant Income | $55,000 |
| Highest Applicant Income | $359,000 |
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| Home Improvement |
42 | $1,532,000 |
$36,000 | $147,000 |
$54,000 | $192,000 |
| Home Purchase |
55 | $4,016,000 |
$73,000 | $207,000 |
$56,000 | $151,000 |
| Refinancing |
178 | $16,603,000 |
$93,000 | $755,000 |
$54,000 | $359,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $90,000 |
$45,000 | $64,000 |
$52,000 | $64,000 |
| Hispanic |
3 | $358,000 |
$119,000 | $143,000 |
$84,000 | $151,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $619,000 |
$88,000 | $113,000 |
$36,000 | $185,000 |
| Not Provided |
18 | $1,697,000 |
$94,000 | $205,000 |
$61,000 | $137,000 |
| White |
245 | $19,387,000 |
$79,000 | $755,000 |
$54,000 | $359,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
244 | $18,322,000 |
$75,000 | $755,000 |
$56,000 | $359,000 |
| FHA-insured (Federal Housing Administration) |
23 | $3,034,000 |
$131,000 | $207,000 |
$44,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $120,000 |
$60,000 | $60,000 |
$31,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
6 | $675,000 |
$112,000 | $167,000 |
$44,000 | $63,000 |
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| Application Approved But Not Accepted |
11 | $1,037,000 |
$94,000 | $288,000 |
$46,000 | $100,000 |
| Application Denied By Financial Institution |
53 | $4,760,000 |
$89,000 | $318,000 |
$49,000 | $240,000 |
| Application Withdrawn By Applicant |
15 | $1,685,000 |
$112,000 | $164,000 |
$62,000 | $137,000 |
| File Closed For Incompleteness |
4 | $523,000 |
$130,000 | $287,000 |
$43,000 | $96,000 |
| Loan Originated |
172 | $11,807,000 |
$68,000 | $755,000 |
$58,000 | $359,000 |
| Loan Purchased By The Institution |
20 | $2,339,000 |
$116,000 | $228,000 |
$40,000 | $185,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
8 | $913,000 |
$114,000 | $218,000 |
$56,000 | $100,000 |
| Credit Application Incomplete |
1 | $50,000 |
$50,000 | $50,000 |
$68,000 | $68,000 |
| Credit History |
8 | $480,000 |
$60,000 | $133,000 |
$30,000 | $60,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $25,000 |
$25,000 | $25,000 |
$27,000 | $27,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $217,000 |
$72,000 | $75,000 |
$40,000 | $50,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Companies for
Clay County TN in 2008
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