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| Location |
Ingham County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 13,104 |
| Total Amount of All Mortgage Loans Applied For | $1,661,049,000 |
| Average Mortgage Loan Amount Applied For | $126,000 |
| Highest Mortgage Loan Amount Applied For | $18,400,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $2,096,000 |
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| Home Improvement |
1,218 | $51,193,000 |
$42,000 | $1,000,000 |
$70,000 | $1,950,000 |
| Home Purchase |
4,343 | $529,058,000 |
$121,000 | $10,371,000 |
$63,000 | $1,719,000 |
| Refinancing |
7,543 | $1,080,798,000 |
$143,000 | $18,400,000 |
$65,000 | $2,096,000 |
|
| American Indian or Alaskan Native |
64 | $8,936,000 |
$139,000 | $1,800,000 |
$67,000 | $613,000 |
| Asian |
230 | $39,554,000 |
$171,000 | $1,533,000 |
$83,000 | $840,000 |
| Black or African American |
863 | $92,416,000 |
$107,000 | $417,000 |
$62,000 | $1,605,000 |
| Hispanic |
501 | $49,495,000 |
$98,000 | $417,000 |
$54,000 | $996,000 |
| Native Hawaiin or Other Pacific Islander |
36 | $4,822,000 |
$133,000 | $390,000 |
$88,000 | $380,000 |
| Not applicable |
870 | $189,882,000 |
$218,000 | $18,400,000 |
$17,000 | $312,000 |
| Not Provided |
1,302 | $137,299,000 |
$105,000 | $780,000 |
$66,000 | $924,000 |
| White |
9,238 | $1,138,645,000 |
$123,000 | $4,992,000 |
$70,000 | $2,096,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,179 | $1,192,787,000 |
$129,000 | $18,400,000 |
$72,000 | $2,096,000 |
| FHA-insured (Federal Housing Administration) |
3,585 | $427,834,000 |
$119,000 | $314,000 |
$49,000 | $1,668,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
203 | $21,613,000 |
$106,000 | $219,000 |
$38,000 | $83,000 |
| VA-guaranteed (Veterans Administration) |
137 | $18,815,000 |
$137,000 | $352,000 |
$46,000 | $315,000 |
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| Application Approved But Not Accepted |
773 | $83,882,000 |
$108,000 | $1,365,000 |
$68,000 | $924,000 |
| Application Denied By Financial Institution |
2,931 | $336,894,000 |
$114,000 | $9,355,000 |
$62,000 | $898,000 |
| Application Withdrawn By Applicant |
1,138 | $149,064,000 |
$130,000 | $1,668,000 |
$72,000 | $1,668,000 |
| File Closed For Incompleteness |
236 | $31,162,000 |
$132,000 | $1,100,000 |
$82,000 | $710,000 |
| Loan Originated |
5,507 | $720,146,000 |
$130,000 | $18,400,000 |
$79,000 | $2,096,000 |
| Loan Purchased By The Institution |
2,517 | $339,776,000 |
$134,000 | $1,604,000 |
$31,000 | $596,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
2 | $125,000 |
$62,000 | $79,000 |
$65,000 | $102,000 |
|
| Collateral |
545 | $74,316,000 |
$136,000 | $1,533,000 |
$81,000 | $840,000 |
| Credit Application Incomplete |
122 | $15,601,000 |
$127,000 | $408,000 |
$65,000 | $350,000 |
| Credit History |
449 | $36,917,000 |
$82,000 | $417,000 |
$52,000 | $524,000 |
| Debt-To-Income Ratio |
318 | $42,668,000 |
$134,000 | $9,355,000 |
$45,000 | $267,000 |
| Employment History |
25 | $2,051,000 |
$82,000 | $227,000 |
$55,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
19 | $1,995,000 |
$105,000 | $189,000 |
$54,000 | $146,000 |
| Mortgage Insurance Denied |
3 | $376,000 |
$125,000 | $237,000 |
$88,000 | $150,000 |
| Other |
164 | $18,513,000 |
$112,000 | $920,000 |
$70,000 | $347,000 |
| Unverifiable Information |
95 | $11,173,000 |
$117,000 | $408,000 |
$86,000 | $494,000 |
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