|
| Location |
Cleveland County NC
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 4,666 |
| Total Amount of All Mortgage Loans Applied For | $534,621,000 |
| Average Mortgage Loan Amount Applied For | $114,000 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $61,000 |
| Highest Applicant Income | $1,755,000 |
|
|
|
| Home Improvement |
304 | $15,333,000 |
$50,000 | $641,000 |
$55,000 | $397,000 |
| Home Purchase |
1,409 | $162,989,000 |
$115,000 | $765,000 |
$62,000 | $1,755,000 |
| Refinancing |
2,953 | $356,299,000 |
$120,000 | $1,000,000 |
$61,000 | $1,092,000 |
|
| American Indian or Alaskan Native |
12 | $1,027,000 |
$85,000 | $160,000 |
$44,000 | $101,000 |
| Asian |
29 | $3,705,000 |
$127,000 | $366,000 |
$56,000 | $135,000 |
| Black or African American |
526 | $49,159,000 |
$93,000 | $627,000 |
$50,000 | $965,000 |
| Hispanic |
68 | $6,652,000 |
$97,000 | $255,000 |
$50,000 | $160,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $741,000 |
$123,000 | $417,000 |
$111,000 | $334,000 |
| Not applicable |
364 | $46,161,000 |
$126,000 | $656,000 |
$24,000 | $399,000 |
| Not Provided |
421 | $46,485,000 |
$110,000 | $544,000 |
$59,000 | $377,000 |
| White |
3,240 | $380,691,000 |
$117,000 | $1,000,000 |
$67,000 | $1,755,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,515 | $400,652,000 |
$113,000 | $1,000,000 |
$66,000 | $1,755,000 |
| FHA-insured (Federal Housing Administration) |
878 | $104,324,000 |
$118,000 | $310,000 |
$49,000 | $1,092,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
212 | $21,765,000 |
$102,000 | $275,000 |
$32,000 | $78,000 |
| VA-guaranteed (Veterans Administration) |
61 | $7,880,000 |
$129,000 | $331,000 |
$38,000 | $135,000 |
|
| Application Approved But Not Accepted |
220 | $19,518,000 |
$88,000 | $417,000 |
$59,000 | $370,000 |
| Application Denied By Financial Institution |
1,161 | $114,472,000 |
$98,000 | $551,000 |
$55,000 | $1,092,000 |
| Application Withdrawn By Applicant |
477 | $57,365,000 |
$120,000 | $650,000 |
$62,000 | $1,345,000 |
| File Closed For Incompleteness |
94 | $13,746,000 |
$146,000 | $765,000 |
$74,000 | $408,000 |
| Loan Originated |
2,046 | $240,989,000 |
$117,000 | $1,000,000 |
$68,000 | $1,755,000 |
| Loan Purchased By The Institution |
668 | $88,531,000 |
$132,000 | $656,000 |
$45,000 | $687,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
138 | $16,496,000 |
$119,000 | $551,000 |
$75,000 | $924,000 |
| Credit Application Incomplete |
58 | $7,107,000 |
$122,000 | $283,000 |
$75,000 | $1,092,000 |
| Credit History |
215 | $16,629,000 |
$77,000 | $427,000 |
$50,000 | $350,000 |
| Debt-To-Income Ratio |
115 | $10,313,000 |
$89,000 | $544,000 |
$44,000 | $198,000 |
| Employment History |
5 | $780,000 |
$156,000 | $215,000 |
$37,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $449,000 |
$56,000 | $94,000 |
$41,000 | $105,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
56 | $4,477,000 |
$79,000 | $293,000 |
$62,000 | $397,000 |
| Unverifiable Information |
11 | $1,445,000 |
$131,000 | $293,000 |
$62,000 | $158,000 |
|
|