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| Location |
Franklin Parish LA
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 544 |
| Total Amount of All Mortgage Loans Applied For | $43,686,000 |
| Average Mortgage Loan Amount Applied For | $80,000 |
| Highest Mortgage Loan Amount Applied For | $354,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $324,000 |
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|
| Home Improvement |
60 | $2,192,000 |
$36,000 | $200,000 |
$55,000 | $324,000 |
| Home Purchase |
170 | $13,271,000 |
$78,000 | $215,000 |
$53,000 | $214,000 |
| Refinancing |
314 | $28,223,000 |
$89,000 | $354,000 |
$51,000 | $288,000 |
|
| American Indian or Alaskan Native |
1 | $175,000 |
$175,000 | $175,000 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
123 | $8,137,000 |
$66,000 | $261,000 |
$45,000 | $167,000 |
| Hispanic |
3 | $271,000 |
$90,000 | $187,000 |
$65,000 | $115,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
32 | $3,150,000 |
$98,000 | $277,000 |
$10,000 | $122,000 |
| Not Provided |
47 | $4,409,000 |
$93,000 | $207,000 |
$49,000 | $177,000 |
| White |
338 | $27,544,000 |
$81,000 | $354,000 |
$59,000 | $324,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
412 | $29,850,000 |
$72,000 | $354,000 |
$56,000 | $324,000 |
| FHA-insured (Federal Housing Administration) |
83 | $9,318,000 |
$112,000 | $222,000 |
$49,000 | $112,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
44 | $3,798,000 |
$86,000 | $201,000 |
$24,000 | $100,000 |
| VA-guaranteed (Veterans Administration) |
5 | $720,000 |
$144,000 | $215,000 |
$46,000 | $79,000 |
|
| Application Approved But Not Accepted |
32 | $2,454,000 |
$76,000 | $208,000 |
$50,000 | $138,000 |
| Application Denied By Financial Institution |
167 | $12,315,000 |
$73,000 | $354,000 |
$47,000 | $324,000 |
| Application Withdrawn By Applicant |
55 | $4,594,000 |
$83,000 | $226,000 |
$55,000 | $260,000 |
| File Closed For Incompleteness |
12 | $1,193,000 |
$99,000 | $164,000 |
$76,000 | $288,000 |
| Loan Originated |
219 | $16,891,000 |
$77,000 | $277,000 |
$58,000 | $216,000 |
| Loan Purchased By The Institution |
59 | $6,239,000 |
$105,000 | $277,000 |
$35,000 | $123,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
15 | $1,142,000 |
$76,000 | $153,000 |
$62,000 | $144,000 |
| Credit Application Incomplete |
10 | $894,000 |
$89,000 | $176,000 |
$45,000 | $81,000 |
| Credit History |
32 | $2,173,000 |
$67,000 | $173,000 |
$55,000 | $324,000 |
| Debt-To-Income Ratio |
16 | $1,070,000 |
$66,000 | $185,000 |
$31,000 | $101,000 |
| Employment History |
1 | $66,000 |
$66,000 | $66,000 |
$16,000 | $16,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $80,000 |
$40,000 | $42,000 |
$60,000 | $96,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $554,000 |
$69,000 | $167,000 |
$37,000 | $100,000 |
| Unverifiable Information |
3 | $343,000 |
$114,000 | $230,000 |
$61,000 | $113,000 |
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