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| Location |
Grant County NM
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,012 |
| Total Amount of All Mortgage Loans Applied For | $129,821,000 |
| Average Mortgage Loan Amount Applied For | $128,000 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $3,028,000 |
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| Home Improvement |
145 | $7,467,000 |
$51,000 | $380,000 |
$55,000 | $300,000 |
| Home Purchase |
317 | $45,327,000 |
$142,000 | $538,000 |
$63,000 | $305,000 |
| Refinancing |
550 | $77,027,000 |
$140,000 | $900,000 |
$71,000 | $3,028,000 |
|
| American Indian or Alaskan Native |
8 | $1,029,000 |
$128,000 | $250,000 |
$72,000 | $187,000 |
| Asian |
2 | $265,000 |
$132,000 | $250,000 |
$109,000 | $126,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
351 | $35,634,000 |
$101,000 | $415,000 |
$60,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
52 | $8,112,000 |
$156,000 | $900,000 |
$10,000 | $74,000 |
| Not Provided |
145 | $17,853,000 |
$123,000 | $450,000 |
$69,000 | $1,080,000 |
| White |
454 | $66,928,000 |
$147,000 | $538,000 |
$75,000 | $3,028,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
758 | $93,015,000 |
$122,000 | $900,000 |
$70,000 | $3,028,000 |
| FHA-insured (Federal Housing Administration) |
195 | $29,065,000 |
$149,000 | $289,000 |
$54,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
21 | $2,294,000 |
$109,000 | $201,000 |
$42,000 | $82,000 |
| VA-guaranteed (Veterans Administration) |
38 | $5,447,000 |
$143,000 | $282,000 |
$50,000 | $136,000 |
|
| Application Approved But Not Accepted |
67 | $8,260,000 |
$123,000 | $538,000 |
$62,000 | $181,000 |
| Application Denied By Financial Institution |
303 | $31,854,000 |
$105,000 | $450,000 |
$67,000 | $3,028,000 |
| Application Withdrawn By Applicant |
124 | $16,456,000 |
$132,000 | $380,000 |
$61,000 | $305,000 |
| File Closed For Incompleteness |
26 | $3,744,000 |
$144,000 | $321,000 |
$75,000 | $224,000 |
| Loan Originated |
366 | $51,001,000 |
$139,000 | $900,000 |
$74,000 | $1,080,000 |
| Loan Purchased By The Institution |
126 | $18,506,000 |
$146,000 | $315,000 |
$45,000 | $180,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
31 | $4,453,000 |
$143,000 | $315,000 |
$68,000 | $175,000 |
| Credit Application Incomplete |
12 | $1,575,000 |
$131,000 | $248,000 |
$70,000 | $195,000 |
| Credit History |
68 | $4,105,000 |
$60,000 | $450,000 |
$48,000 | $280,000 |
| Debt-To-Income Ratio |
38 | $4,602,000 |
$121,000 | $347,000 |
$117,000 | $3,028,000 |
| Employment History |
1 | $75,000 |
$75,000 | $75,000 |
$32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $621,000 |
$155,000 | $363,000 |
$72,000 | $162,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $2,032,000 |
$119,000 | $286,000 |
$63,000 | $170,000 |
| Unverifiable Information |
5 | $554,000 |
$110,000 | $273,000 |
$95,000 | $132,000 |
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