|
| Location |
Genesee County NY
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 2,007 |
| Total Amount of All Mortgage Loans Applied For | $174,949,000 |
| Average Mortgage Loan Amount Applied For | $87,000 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $61,000 |
| Highest Applicant Income | $2,557,000 |
|
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| Home Improvement |
349 | $11,281,000 |
$32,000 | $225,000 |
$59,000 | $1,000,000 |
| Home Purchase |
677 | $66,530,000 |
$98,000 | $417,000 |
$59,000 | $500,000 |
| Refinancing |
981 | $97,138,000 |
$99,000 | $380,000 |
$63,000 | $2,557,000 |
|
| American Indian or Alaskan Native |
11 | $662,000 |
$60,000 | $140,000 |
$38,000 | $56,000 |
| Asian |
9 | $1,115,000 |
$123,000 | $360,000 |
$138,000 | $459,000 |
| Black or African American |
14 | $1,008,000 |
$72,000 | $175,000 |
$62,000 | $180,000 |
| Hispanic |
23 | $1,503,000 |
$65,000 | $204,000 |
$61,000 | $144,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $76,000 |
$76,000 | $76,000 |
$55,000 | $55,000 |
| Not applicable |
78 | $8,118,000 |
$104,000 | $278,000 |
$27,000 | $499,000 |
| Not Provided |
159 | $13,689,000 |
$86,000 | $243,000 |
$61,000 | $290,000 |
| White |
1,712 | $148,778,000 |
$86,000 | $417,000 |
$62,000 | $2,557,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,527 | $122,970,000 |
$80,000 | $417,000 |
$63,000 | $2,557,000 |
| FHA-insured (Federal Housing Administration) |
427 | $46,659,000 |
$109,000 | $246,000 |
$55,000 | $295,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $2,211,000 |
$96,000 | $124,000 |
$48,000 | $80,000 |
| VA-guaranteed (Veterans Administration) |
30 | $3,109,000 |
$103,000 | $221,000 |
$51,000 | $105,000 |
|
| Application Approved But Not Accepted |
93 | $6,738,000 |
$72,000 | $240,000 |
$63,000 | $144,000 |
| Application Denied By Financial Institution |
644 | $51,440,000 |
$79,000 | $417,000 |
$58,000 | $1,000,000 |
| Application Withdrawn By Applicant |
204 | $20,808,000 |
$102,000 | $234,000 |
$62,000 | $180,000 |
| File Closed For Incompleteness |
54 | $5,499,000 |
$101,000 | $378,000 |
$81,000 | $295,000 |
| Loan Originated |
843 | $73,081,000 |
$86,000 | $360,000 |
$65,000 | $2,557,000 |
| Loan Purchased By The Institution |
169 | $17,383,000 |
$102,000 | $252,000 |
$42,000 | $500,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
88 | $8,276,000 |
$94,000 | $417,000 |
$85,000 | $1,000,000 |
| Credit Application Incomplete |
12 | $1,118,000 |
$93,000 | $146,000 |
$44,000 | $109,000 |
| Credit History |
58 | $2,824,000 |
$48,000 | $235,000 |
$60,000 | $290,000 |
| Debt-To-Income Ratio |
60 | $3,738,000 |
$62,000 | $165,000 |
$42,000 | $143,000 |
| Employment History |
2 | $92,000 |
$46,000 | $71,000 |
$36,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $511,000 |
$127,000 | $150,000 |
$38,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $1,817,000 |
$113,000 | $215,000 |
$61,000 | $136,000 |
| Unverifiable Information |
5 | $782,000 |
$156,000 | $205,000 |
$88,000 | $200,000 |
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