|
| Location |
Gaines County TX
• Apply Here |
| Year | 2004 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 705 |
| Total Amount of All Mortgage Loans Applied For | $43,702,000 |
| Average Mortgage Loan Amount Applied For | $61,000 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $62,000 |
| Highest Applicant Income | $1,776,000 |
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|
| Home Improvement |
56 | $1,787,000 |
$31,000 | $91,000 |
$63,000 | $306,000 |
| Home Purchase |
353 | $22,323,000 |
$63,000 | $450,000 |
$53,000 | $1,044,000 |
| Refinancing |
296 | $19,592,000 |
$66,000 | $325,000 |
$71,000 | $1,776,000 |
|
| American Indian or Alaskan Native |
4 | $339,000 |
$84,000 | $105,000 |
$72,000 | $98,000 |
| Asian |
2 | $233,000 |
$116,000 | $208,000 |
$251,000 | $492,000 |
| Black or African American |
6 | $320,000 |
$53,000 | $68,000 |
$54,000 | $70,000 |
| Hispanic |
131 | $5,451,000 |
$41,000 | $140,000 |
$41,000 | $190,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
55 | $2,743,000 |
$49,000 | $169,000 |
$6,000 | $98,000 |
| Not Provided |
109 | $6,925,000 |
$63,000 | $248,000 |
$53,000 | $1,776,000 |
| White |
398 | $27,691,000 |
$69,000 | $450,000 |
$79,000 | $1,248,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
603 | $37,223,000 |
$61,000 | $450,000 |
$68,000 | $1,776,000 |
| FHA-insured (Federal Housing Administration) |
75 | $5,016,000 |
$66,000 | $134,000 |
$33,000 | $107,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
15 | $835,000 |
$55,000 | $169,000 |
$36,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
12 | $628,000 |
$52,000 | $116,000 |
$17,000 | $57,000 |
|
| Application Approved But Not Accepted |
44 | $2,013,000 |
$45,000 | $128,000 |
$58,000 | $250,000 |
| Application Denied By Financial Institution |
225 | $11,666,000 |
$51,000 | $325,000 |
$59,000 | $1,044,000 |
| Application Withdrawn By Applicant |
87 | $6,366,000 |
$73,000 | $450,000 |
$68,000 | $727,000 |
| File Closed For Incompleteness |
29 | $2,450,000 |
$84,000 | $285,000 |
$93,000 | $1,776,000 |
| Loan Originated |
221 | $14,871,000 |
$67,000 | $333,000 |
$71,000 | $1,248,000 |
| Loan Purchased By The Institution |
99 | $6,336,000 |
$64,000 | $248,000 |
$35,000 | $907,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
21 | $1,155,000 |
$55,000 | $108,000 |
$101,000 | $1,044,000 |
| Credit Application Incomplete |
15 | $784,000 |
$52,000 | $99,000 |
$57,000 | $144,000 |
| Credit History |
82 | $3,937,000 |
$48,000 | $238,000 |
$61,000 | $402,000 |
| Debt-To-Income Ratio |
18 | $825,000 |
$45,000 | $170,000 |
$42,000 | $168,000 |
| Employment History |
3 | $106,000 |
$35,000 | $40,000 |
$42,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $277,000 |
$92,000 | $101,000 |
$85,000 | $102,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
37 | $2,317,000 |
$62,000 | $169,000 |
$51,000 | $282,000 |
| Unverifiable Information |
5 | $198,000 |
$39,000 | $72,000 |
$43,000 | $72,000 |
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