|
| Location |
Fillmore County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 906 |
| Total Amount of All Mortgage Loans Applied For | $101,834,000 |
| Average Mortgage Loan Amount Applied For | $112,000 |
| Highest Mortgage Loan Amount Applied For | $1,382,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $4,291,000 |
|
|
|
| Home Improvement |
106 | $5,313,000 |
$50,000 | $290,000 |
$55,000 | $169,000 |
| Home Purchase |
247 | $26,525,000 |
$107,000 | $620,000 |
$51,000 | $350,000 |
| Refinancing |
553 | $69,996,000 |
$126,000 | $1,382,000 |
$71,000 | $4,291,000 |
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $318,000 |
$106,000 | $232,000 |
$157,000 | $300,000 |
| Black or African American |
2 | $166,000 |
$83,000 | $102,000 |
$79,000 | $106,000 |
| Hispanic |
6 | $1,032,000 |
$172,000 | $620,000 |
$72,000 | $131,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
44 | $7,068,000 |
$160,000 | $1,382,000 |
$120,000 | $4,291,000 |
| Not Provided |
42 | $4,268,000 |
$101,000 | $284,000 |
$46,000 | $110,000 |
| White |
809 | $88,982,000 |
$109,000 | $672,000 |
$61,000 | $638,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
763 | $84,406,000 |
$110,000 | $1,382,000 |
$66,000 | $4,291,000 |
| FHA-insured (Federal Housing Administration) |
114 | $14,361,000 |
$125,000 | $258,000 |
$52,000 | $202,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $2,434,000 |
$105,000 | $150,000 |
$31,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
6 | $633,000 |
$105,000 | $177,000 |
$40,000 | $62,000 |
|
| Application Approved But Not Accepted |
47 | $4,933,000 |
$104,000 | $417,000 |
$57,000 | $182,000 |
| Application Denied By Financial Institution |
179 | $19,203,000 |
$107,000 | $480,000 |
$50,000 | $140,000 |
| Application Withdrawn By Applicant |
83 | $12,355,000 |
$148,000 | $392,000 |
$64,000 | $300,000 |
| File Closed For Incompleteness |
11 | $1,113,000 |
$101,000 | $200,000 |
$58,000 | $202,000 |
| Loan Originated |
498 | $53,947,000 |
$108,000 | $1,382,000 |
$75,000 | $4,291,000 |
| Loan Purchased By The Institution |
88 | $10,283,000 |
$116,000 | $290,000 |
$29,000 | $120,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
33 | $3,656,000 |
$110,000 | $250,000 |
$55,000 | $114,000 |
| Credit Application Incomplete |
5 | $495,000 |
$99,000 | $208,000 |
$70,000 | $140,000 |
| Credit History |
37 | $3,170,000 |
$85,000 | $480,000 |
$47,000 | $105,000 |
| Debt-To-Income Ratio |
21 | $2,107,000 |
$100,000 | $295,000 |
$35,000 | $66,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $321,000 |
$160,000 | $174,000 |
$62,000 | $74,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $921,000 |
$76,000 | $138,000 |
$42,000 | $92,000 |
| Unverifiable Information |
2 | $255,000 |
$127,000 | $165,000 |
$22,000 | $36,000 |
|
|