|
| Location |
Coosa County AL
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 511 |
| Total Amount of All Mortgage Loans Applied For | $53,197,000 |
| Average Mortgage Loan Amount Applied For | $104,000 |
| Highest Mortgage Loan Amount Applied For | $980,000 |
| Average Applicant Income | $70,000 |
| Highest Applicant Income | $1,200,000 |
|
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| Home Improvement |
85 | $3,515,000 |
$41,000 | $265,000 |
$47,000 | $127,000 |
| Home Purchase |
155 | $20,041,000 |
$129,000 | $980,000 |
$79,000 | $571,000 |
| Refinancing |
271 | $29,641,000 |
$109,000 | $576,000 |
$72,000 | $1,200,000 |
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
128 | $8,054,000 |
$62,000 | $255,000 |
$39,000 | $196,000 |
| Hispanic |
2 | $68,000 |
$34,000 | $53,000 |
$41,000 | $56,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $2,344,000 |
$117,000 | $265,000 |
$36,000 | $180,000 |
| Not Provided |
37 | $4,476,000 |
$120,000 | $333,000 |
$65,000 | $192,000 |
| White |
324 | $38,255,000 |
$118,000 | $980,000 |
$85,000 | $1,200,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
492 | $51,371,000 |
$104,000 | $980,000 |
$71,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
15 | $1,396,000 |
$93,000 | $183,000 |
$33,000 | $69,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $122,000 |
$61,000 | $67,000 |
$30,000 | $43,000 |
| VA-guaranteed (Veterans Administration) |
2 | $308,000 |
$154,000 | $252,000 |
$67,000 | $113,000 |
|
| Application Approved But Not Accepted |
23 | $1,495,000 |
$65,000 | $271,000 |
$42,000 | $93,000 |
| Application Denied By Financial Institution |
134 | $8,789,000 |
$65,000 | $250,000 |
$45,000 | $180,000 |
| Application Withdrawn By Applicant |
38 | $3,918,000 |
$103,000 | $228,000 |
$67,000 | $400,000 |
| File Closed For Incompleteness |
19 | $2,188,000 |
$115,000 | $252,000 |
$56,000 | $104,000 |
| Loan Originated |
236 | $27,958,000 |
$118,000 | $980,000 |
$84,000 | $1,200,000 |
| Loan Purchased By The Institution |
61 | $8,849,000 |
$145,000 | $572,000 |
$85,000 | $456,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
15 | $1,222,000 |
$81,000 | $208,000 |
$54,000 | $100,000 |
| Credit Application Incomplete |
3 | $240,000 |
$80,000 | $100,000 |
$35,000 | $60,000 |
| Credit History |
26 | $1,455,000 |
$55,000 | $200,000 |
$42,000 | $180,000 |
| Debt-To-Income Ratio |
7 | $678,000 |
$96,000 | $250,000 |
$47,000 | $70,000 |
| Employment History |
1 | $128,000 |
$128,000 | $128,000 |
$67,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $59,000 |
$59,000 | $59,000 |
$35,000 | $35,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $404,000 |
$80,000 | $158,000 |
$52,000 | $76,000 |
| Unverifiable Information |
2 | $101,000 |
$50,000 | $67,000 |
$43,000 | $50,000 |
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