|
| Location |
Dickinson County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 648 |
| Total Amount of All Mortgage Loans Applied For | $63,744,000 |
| Average Mortgage Loan Amount Applied For | $98,000 |
| Highest Mortgage Loan Amount Applied For | $510,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $570,000 |
|
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|
| Home Improvement |
47 | $3,475,000 |
$73,000 | $220,000 |
$80,000 | $570,000 |
| Home Purchase |
203 | $17,983,000 |
$88,000 | $329,000 |
$51,000 | $358,000 |
| Refinancing |
398 | $42,286,000 |
$106,000 | $510,000 |
$60,000 | $480,000 |
|
| American Indian or Alaskan Native |
1 | $55,000 |
$55,000 | $55,000 |
$45,000 | $45,000 |
| Asian |
1 | $34,000 |
$34,000 | $34,000 |
$400,000 | $400,000 |
| Black or African American |
1 | $52,000 |
$52,000 | $52,000 |
$19,000 | $19,000 |
| Hispanic |
3 | $269,000 |
$89,000 | $144,000 |
$145,000 | $324,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $188,000 |
$94,000 | $94,000 |
$81,000 | $99,000 |
| Not applicable |
41 | $4,515,000 |
$110,000 | $510,000 |
$23,000 | $285,000 |
| Not Provided |
55 | $4,773,000 |
$86,000 | $329,000 |
$49,000 | $232,000 |
| White |
544 | $53,858,000 |
$99,000 | $401,000 |
$62,000 | $570,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
469 | $49,432,000 |
$105,000 | $510,000 |
$66,000 | $570,000 |
| FHA-insured (Federal Housing Administration) |
142 | $11,286,000 |
$79,000 | $241,000 |
$43,000 | $113,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
20 | $1,538,000 |
$76,000 | $139,000 |
$36,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
17 | $1,488,000 |
$87,000 | $193,000 |
$40,000 | $65,000 |
|
| Application Approved But Not Accepted |
52 | $4,887,000 |
$93,000 | $329,000 |
$58,000 | $232,000 |
| Application Denied By Financial Institution |
117 | $10,298,000 |
$88,000 | $510,000 |
$51,000 | $251,000 |
| Application Withdrawn By Applicant |
66 | $6,834,000 |
$103,000 | $373,000 |
$62,000 | $202,000 |
| File Closed For Incompleteness |
16 | $1,556,000 |
$97,000 | $312,000 |
$81,000 | $480,000 |
| Loan Originated |
306 | $31,175,000 |
$101,000 | $401,000 |
$66,000 | $570,000 |
| Loan Purchased By The Institution |
91 | $8,994,000 |
$98,000 | $273,000 |
$40,000 | $285,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
15 | $1,517,000 |
$101,000 | $246,000 |
$53,000 | $122,000 |
| Credit Application Incomplete |
4 | $374,000 |
$93,000 | $138,000 |
$54,000 | $76,000 |
| Credit History |
15 | $865,000 |
$57,000 | $98,000 |
$46,000 | $104,000 |
| Debt-To-Income Ratio |
11 | $970,000 |
$88,000 | $257,000 |
$52,000 | $216,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $379,000 |
$94,000 | $152,000 |
$58,000 | $108,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $740,000 |
$105,000 | $265,000 |
$81,000 | $251,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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