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| Location |
Desha County AR
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 240 |
| Total Amount of All Mortgage Loans Applied For | $17,469,000 |
| Average Mortgage Loan Amount Applied For | $72,000 |
| Highest Mortgage Loan Amount Applied For | $235,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
29 | $1,107,000 |
$38,000 | $200,000 |
$92,000 | $1,000,000 |
| Home Purchase |
96 | $6,303,000 |
$65,000 | $186,000 |
$46,000 | $196,000 |
| Refinancing |
115 | $10,059,000 |
$87,000 | $235,000 |
$59,000 | $216,000 |
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| American Indian or Alaskan Native |
1 | $10,000 |
$10,000 | $10,000 |
$38,000 | $38,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
60 | $3,833,000 |
$63,000 | $235,000 |
$39,000 | $146,000 |
| Hispanic |
2 | $79,000 |
$39,000 | $49,000 |
$30,000 | $37,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $1,286,000 |
$85,000 | $161,000 |
$50,000 | $196,000 |
| Not Provided |
28 | $1,540,000 |
$55,000 | $193,000 |
$39,000 | $184,000 |
| White |
134 | $10,721,000 |
$80,000 | $205,000 |
$71,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
149 | $10,152,000 |
$68,000 | $205,000 |
$64,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
64 | $5,656,000 |
$88,000 | $235,000 |
$54,000 | $146,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
24 | $1,522,000 |
$63,000 | $105,000 |
$31,000 | $57,000 |
| VA-guaranteed (Veterans Administration) |
3 | $139,000 |
$46,000 | $70,000 |
$12,000 | $38,000 |
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| Application Approved But Not Accepted |
21 | $1,452,000 |
$69,000 | $200,000 |
$97,000 | $1,000,000 |
| Application Denied By Financial Institution |
82 | $5,437,000 |
$66,000 | $235,000 |
$45,000 | $146,000 |
| Application Withdrawn By Applicant |
16 | $1,088,000 |
$68,000 | $104,000 |
$75,000 | $212,000 |
| File Closed For Incompleteness |
1 | $56,000 |
$56,000 | $56,000 |
$14,000 | $14,000 |
| Loan Originated |
101 | $7,749,000 |
$76,000 | $205,000 |
$59,000 | $216,000 |
| Loan Purchased By The Institution |
19 | $1,687,000 |
$88,000 | $161,000 |
$46,000 | $184,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
17 | $1,160,000 |
$68,000 | $235,000 |
$50,000 | $146,000 |
| Credit Application Incomplete |
6 | $316,000 |
$52,000 | $78,000 |
$30,000 | $37,000 |
| Credit History |
15 | $613,000 |
$40,000 | $155,000 |
$51,000 | $87,000 |
| Debt-To-Income Ratio |
3 | $300,000 |
$100,000 | $120,000 |
$47,000 | $60,000 |
| Employment History |
2 | $137,000 |
$68,000 | $76,000 |
$54,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $846,000 |
$84,000 | $186,000 |
$48,000 | $104,000 |
| Unverifiable Information |
1 | $30,000 |
$30,000 | $30,000 |
$11,000 | $11,000 |
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