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| Location |
Coosa County AL
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 392 |
| Total Amount of All Mortgage Loans Applied For | $42,544,000 |
| Average Mortgage Loan Amount Applied For | $108,000 |
| Highest Mortgage Loan Amount Applied For | $1,047,000 |
| Average Applicant Income | $64,000 |
| Highest Applicant Income | $856,000 |
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|
| Home Improvement |
72 | $3,081,000 |
$42,000 | $215,000 |
$46,000 | $240,000 |
| Home Purchase |
83 | $9,542,000 |
$114,000 | $1,047,000 |
$67,000 | $639,000 |
| Refinancing |
237 | $29,921,000 |
$126,000 | $722,000 |
$69,000 | $856,000 |
|
| American Indian or Alaskan Native |
1 | $106,000 |
$106,000 | $106,000 |
$55,000 | $55,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
80 | $4,954,000 |
$61,000 | $358,000 |
$43,000 | $336,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $3,503,000 |
$250,000 | $1,047,000 |
$38,000 | $336,000 |
| Not Provided |
44 | $3,508,000 |
$79,000 | $188,000 |
$49,000 | $128,000 |
| White |
253 | $30,473,000 |
$120,000 | $650,000 |
$76,000 | $856,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
334 | $35,474,000 |
$106,000 | $1,047,000 |
$67,000 | $856,000 |
| FHA-insured (Federal Housing Administration) |
56 | $6,954,000 |
$124,000 | $252,000 |
$51,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $79,000 |
$79,000 | $79,000 |
$35,000 | $35,000 |
| VA-guaranteed (Veterans Administration) |
1 | $37,000 |
$37,000 | $37,000 |
$14,000 | $14,000 |
|
| Application Approved But Not Accepted |
26 | $1,948,000 |
$74,000 | $312,000 |
$54,000 | $120,000 |
| Application Denied By Financial Institution |
140 | $11,726,000 |
$83,000 | $395,000 |
$50,000 | $240,000 |
| Application Withdrawn By Applicant |
29 | $3,447,000 |
$118,000 | $417,000 |
$80,000 | $856,000 |
| File Closed For Incompleteness |
10 | $980,000 |
$98,000 | $275,000 |
$47,000 | $84,000 |
| Loan Originated |
156 | $19,037,000 |
$122,000 | $1,047,000 |
$72,000 | $639,000 |
| Loan Purchased By The Institution |
31 | $5,406,000 |
$174,000 | $417,000 |
$89,000 | $499,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
23 | $2,308,000 |
$100,000 | $190,000 |
$72,000 | $240,000 |
| Credit Application Incomplete |
5 | $426,000 |
$85,000 | $145,000 |
$34,000 | $61,000 |
| Credit History |
21 | $1,510,000 |
$71,000 | $159,000 |
$42,000 | $88,000 |
| Debt-To-Income Ratio |
10 | $793,000 |
$79,000 | $175,000 |
$32,000 | $93,000 |
| Employment History |
1 | $76,000 |
$76,000 | $76,000 |
$40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $81,000 |
$27,000 | $50,000 |
$50,000 | $76,000 |
| Unverifiable Information |
1 | $65,000 |
$65,000 | $65,000 |
$66,000 | $66,000 |
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