| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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Franklin County IA
Mortgage Loan Application
Totals and Details
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| Location |
Franklin County IA
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 275 |
| Total Amount of All Mortgage Loans Applied For | $20,433,000 |
| Average Mortgage Loan Amount Applied For | $74,000 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $54,000 |
| Highest Applicant Income | $352,000 |
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| Home Improvement |
39 | $1,053,000 |
$27,000 | $135,000 |
$52,000 | $115,000 |
| Home Purchase |
109 | $8,962,000 |
$82,000 | $400,000 |
$47,000 | $287,000 |
| Refinancing |
127 | $10,418,000 |
$82,000 | $255,000 |
$61,000 | $352,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
9 | $531,000 |
$59,000 | $105,000 |
$45,000 | $60,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $824,000 |
$91,000 | $163,000 |
$8,000 | $49,000 |
| Not Provided |
24 | $2,197,000 |
$91,000 | $400,000 |
$73,000 | $352,000 |
| White |
233 | $16,881,000 |
$72,000 | $286,000 |
$55,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
196 | $14,655,000 |
$74,000 | $400,000 |
$60,000 | $352,000 |
| FHA-insured (Federal Housing Administration) |
56 | $4,321,000 |
$77,000 | $202,000 |
$44,000 | $249,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
22 | $1,401,000 |
$63,000 | $119,000 |
$31,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
1 | $56,000 |
$56,000 | $56,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
19 | $1,516,000 |
$79,000 | $200,000 |
$56,000 | $215,000 |
| Application Denied By Financial Institution |
80 | $5,060,000 |
$63,000 | $255,000 |
$61,000 | $352,000 |
| Application Withdrawn By Applicant |
27 | $2,563,000 |
$94,000 | $400,000 |
$57,000 | $287,000 |
| File Closed For Incompleteness |
9 | $674,000 |
$74,000 | $164,000 |
$64,000 | $129,000 |
| Loan Originated |
117 | $8,590,000 |
$73,000 | $286,000 |
$54,000 | $202,000 |
| Loan Purchased By The Institution |
23 | $2,030,000 |
$88,000 | $239,000 |
$25,000 | $56,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
8 | $623,000 |
$77,000 | $88,000 |
$56,000 | $100,000 |
| Credit Application Incomplete |
4 | $148,000 |
$37,000 | $58,000 |
$45,000 | $67,000 |
| Credit History |
21 | $994,000 |
$47,000 | $101,000 |
$51,000 | $115,000 |
| Debt-To-Income Ratio |
7 | $568,000 |
$81,000 | $255,000 |
$100,000 | $350,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $106,000 |
$106,000 | $106,000 |
$46,000 | $46,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $81,000 |
$40,000 | $56,000 |
$65,000 | $131,000 |
| Unverifiable Information |
1 | $105,000 |
$105,000 | $105,000 |
$28,000 | $28,000 |
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Mortgage Companies for
Franklin County IA in 2008
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