| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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Hormigueros County PR
Mortgage Loan Application
Totals and Details
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| Location |
Hormigueros County PR
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 443 |
| Total Amount of All Mortgage Loans Applied For | $32,833,000 |
| Average Mortgage Loan Amount Applied For | $74,000 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $44,000 |
| Highest Applicant Income | $772,000 |
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| Home Improvement |
146 | $3,719,000 |
$25,000 | $360,000 |
$35,000 | $772,000 |
| Home Purchase |
151 | $14,976,000 |
$99,000 | $296,000 |
$54,000 | $677,000 |
| Refinancing |
146 | $14,138,000 |
$96,000 | $299,000 |
$42,000 | $210,000 |
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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 |
411 | $30,429,000 |
$74,000 | $360,000 |
$42,000 | $772,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $1,816,000 |
$95,000 | $184,000 |
$73,000 | $359,000 |
| Not Provided |
9 | $56,000 |
$6,000 | $13,000 |
$20,000 | $56,000 |
| White |
4 | $532,000 |
$133,000 | $230,000 |
$139,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
345 | $21,838,000 |
$63,000 | $360,000 |
$45,000 | $772,000 |
| FHA-insured (Federal Housing Administration) |
93 | $10,192,000 |
$109,000 | $265,000 |
$38,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $229,000 |
$114,000 | $138,000 |
$34,000 | $46,000 |
| VA-guaranteed (Veterans Administration) |
3 | $574,000 |
$191,000 | $296,000 |
$74,000 | $137,000 |
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| Application Approved But Not Accepted |
28 | $2,002,000 |
$71,000 | $296,000 |
$35,000 | $137,000 |
| Application Denied By Financial Institution |
125 | $7,143,000 |
$57,000 | $265,000 |
$31,000 | $210,000 |
| Application Withdrawn By Applicant |
66 | $6,157,000 |
$93,000 | $299,000 |
$45,000 | $480,000 |
| File Closed For Incompleteness |
15 | $1,109,000 |
$73,000 | $169,000 |
$44,000 | $175,000 |
| Loan Originated |
187 | $14,372,000 |
$76,000 | $360,000 |
$51,000 | $772,000 |
| Loan Purchased By The Institution |
22 | $2,050,000 |
$93,000 | $184,000 |
$67,000 | $359,000 |
| 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 |
4 | $273,000 |
$68,000 | $114,000 |
$30,000 | $59,000 |
| Credit Application Incomplete |
2 | $229,000 |
$114,000 | $182,000 |
$105,000 | $210,000 |
| Credit History |
15 | $1,128,000 |
$75,000 | $134,000 |
$36,000 | $169,000 |
| Debt-To-Income Ratio |
10 | $833,000 |
$83,000 | $230,000 |
$39,000 | $128,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $75,000 |
$75,000 | $75,000 |
$80,000 | $80,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $251,000 |
$83,000 | $203,000 |
$30,000 | $66,000 |
| Unverifiable Information |
1 | $123,000 |
$123,000 | $123,000 |
$45,000 | $45,000 |
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Mortgage Companies for
Hormigueros County PR in 2008
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