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| Location |
Iron County WI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 486 |
| Total Amount of All Mortgage Loans Applied For | $60,321,000 |
| Average Mortgage Loan Amount Applied For | $124,000 |
| Highest Mortgage Loan Amount Applied For | $1,260,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $716,000 |
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| Home Improvement |
55 | $3,060,000 |
$55,000 | $390,000 |
$65,000 | $153,000 |
| Home Purchase |
112 | $12,763,000 |
$113,000 | $450,000 |
$94,000 | $716,000 |
| Refinancing |
319 | $44,498,000 |
$139,000 | $1,260,000 |
$78,000 | $520,000 |
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| American Indian or Alaskan Native |
2 | $183,000 |
$91,000 | $93,000 |
$23,000 | $47,000 |
| Asian |
1 | $78,000 |
$78,000 | $78,000 |
$140,000 | $140,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $167,000 |
$83,000 | $133,000 |
$78,000 | $92,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $3,878,000 |
$193,000 | $450,000 |
$42,000 | $184,000 |
| Not Provided |
31 | $3,617,000 |
$116,000 | $268,000 |
$77,000 | $241,000 |
| White |
430 | $52,398,000 |
$121,000 | $1,260,000 |
$82,000 | $716,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
432 | $55,172,000 |
$127,000 | $1,260,000 |
$85,000 | $716,000 |
| FHA-insured (Federal Housing Administration) |
52 | $4,981,000 |
$95,000 | $216,000 |
$39,000 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $168,000 |
$84,000 | $121,000 |
$44,000 | $55,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
41 | $4,014,000 |
$97,000 | $374,000 |
$118,000 | $716,000 |
| Application Denied By Financial Institution |
94 | $11,390,000 |
$121,000 | $1,230,000 |
$70,000 | $259,000 |
| Application Withdrawn By Applicant |
33 | $4,559,000 |
$138,000 | $800,000 |
$71,000 | $180,000 |
| File Closed For Incompleteness |
16 | $3,172,000 |
$198,000 | $1,260,000 |
$99,000 | $520,000 |
| Loan Originated |
245 | $28,158,000 |
$114,000 | $825,000 |
$77,000 | $510,000 |
| Loan Purchased By The Institution |
57 | $9,028,000 |
$158,000 | $415,000 |
$81,000 | $415,000 |
| 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 |
10 | $1,423,000 |
$142,000 | $264,000 |
$76,000 | $184,000 |
| Credit Application Incomplete |
12 | $1,291,000 |
$107,000 | $250,000 |
$114,000 | $224,000 |
| Credit History |
14 | $1,784,000 |
$127,000 | $1,230,000 |
$55,000 | $172,000 |
| Debt-To-Income Ratio |
15 | $1,615,000 |
$107,000 | $294,000 |
$73,000 | $259,000 |
| Employment History |
2 | $188,000 |
$94,000 | $152,000 |
$39,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $332,000 |
$332,000 | $332,000 |
$232,000 | $232,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,425,000 |
$158,000 | $825,000 |
$63,000 | $180,000 |
| Unverifiable Information |
5 | $629,000 |
$125,000 | $294,000 |
$99,000 | $180,000 |
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