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| Location |
Codington County SD
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Applications | 1,943 |
| Total Amount of All Mortgage Loans Applied For | $226,531,000 |
| Average Mortgage Loan Amount Applied For | $116,000 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $1,596,000 |
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| Home Improvement |
183 | $11,631,000 |
$63,000 | $488,000 |
$69,000 | $900,000 |
| Home Purchase |
840 | $103,883,000 |
$123,000 | $640,000 |
$64,000 | $1,596,000 |
| Refinancing |
920 | $111,017,000 |
$120,000 | $1,000,000 |
$65,000 | $1,080,000 |
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|
| American Indian or Alaskan Native |
11 | $561,000 |
$51,000 | $123,000 |
$41,000 | $71,000 |
| Asian |
3 | $441,000 |
$147,000 | $214,000 |
$63,000 | $95,000 |
| Black or African American |
4 | $805,000 |
$201,000 | $233,000 |
$44,000 | $46,000 |
| Hispanic |
10 | $1,099,000 |
$109,000 | $198,000 |
$60,000 | $128,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
177 | $25,169,000 |
$142,000 | $622,000 |
$59,000 | $1,596,000 |
| Not Provided |
79 | $9,281,000 |
$117,000 | $640,000 |
$75,000 | $1,080,000 |
| White |
1,659 | $189,175,000 |
$114,000 | $1,000,000 |
$65,000 | $900,000 |
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|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,795 | $210,951,000 |
$117,000 | $1,000,000 |
$67,000 | $1,596,000 |
| FHA-insured (Federal Housing Administration) |
36 | $3,986,000 |
$110,000 | $202,000 |
$48,000 | $113,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
95 | $9,027,000 |
$95,000 | $184,000 |
$36,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
17 | $2,567,000 |
$151,000 | $235,000 |
$59,000 | $109,000 |
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|
| Application Approved But Not Accepted |
153 | $18,807,000 |
$122,000 | $417,000 |
$88,000 | $751,000 |
| Application Denied By Financial Institution |
305 | $32,778,000 |
$107,000 | $1,000,000 |
$56,000 | $1,080,000 |
| Application Withdrawn By Applicant |
109 | $12,013,000 |
$110,000 | $400,000 |
$77,000 | $900,000 |
| File Closed For Incompleteness |
42 | $5,544,000 |
$132,000 | $460,000 |
$65,000 | $216,000 |
| Loan Originated |
908 | $95,416,000 |
$105,000 | $592,000 |
$62,000 | $1,596,000 |
| Loan Purchased By The Institution |
426 | $61,973,000 |
$145,000 | $636,000 |
$65,000 | $559,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
25 | $4,107,000 |
$164,000 | $1,000,000 |
$83,000 | $486,000 |
| Credit Application Incomplete |
18 | $3,012,000 |
$167,000 | $640,000 |
$74,000 | $204,000 |
| Credit History |
48 | $3,955,000 |
$82,000 | $465,000 |
$71,000 | $1,080,000 |
| Debt-To-Income Ratio |
29 | $3,634,000 |
$125,000 | $465,000 |
$42,000 | $95,000 |
| Employment History |
2 | $345,000 |
$172,000 | $200,000 |
$139,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $579,000 |
$115,000 | $234,000 |
$49,000 | $68,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $1,529,000 |
$127,000 | $239,000 |
$71,000 | $164,000 |
| Unverifiable Information |
2 | $147,000 |
$73,000 | $77,000 |
$39,000 | $44,000 |
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