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| Location |
Kandiyohi County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,371 |
| Total Amount of All Mortgage Loans Applied For | $190,922,000 |
| Average Mortgage Loan Amount Applied For | $139,000 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
151 | $9,063,000 |
$60,000 | $500,000 |
$60,000 | $680,000 |
| Home Purchase |
370 | $49,779,000 |
$134,000 | $675,000 |
$65,000 | $1,800,000 |
| Refinancing |
850 | $132,080,000 |
$155,000 | $1,950,000 |
$70,000 | $975,000 |
|
| American Indian or Alaskan Native |
1 | $31,000 |
$31,000 | $31,000 |
$29,000 | $29,000 |
| Asian |
5 | $466,000 |
$93,000 | $170,000 |
$78,000 | $164,000 |
| Black or African American |
3 | $496,000 |
$165,000 | $211,000 |
$62,000 | $83,000 |
| Hispanic |
65 | $5,283,000 |
$81,000 | $203,000 |
$39,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $83,000 |
$83,000 | $83,000 |
$23,000 | $23,000 |
| Not applicable |
155 | $21,154,000 |
$136,000 | $1,950,000 |
$25,000 | $180,000 |
| Not Provided |
95 | $12,305,000 |
$129,000 | $417,000 |
$84,000 | $960,000 |
| White |
1,046 | $151,104,000 |
$144,000 | $1,016,000 |
$74,000 | $1,800,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,081 | $151,242,000 |
$139,000 | $1,950,000 |
$73,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) |
233 | $33,650,000 |
$144,000 | $276,000 |
$54,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
50 | $5,191,000 |
$103,000 | $180,000 |
$24,000 | $78,000 |
| VA-guaranteed (Veterans Administration) |
7 | $839,000 |
$119,000 | $188,000 |
$20,000 | $75,000 |
|
| Application Approved But Not Accepted |
79 | $11,232,000 |
$142,000 | $1,950,000 |
$74,000 | $500,000 |
| Application Denied By Financial Institution |
300 | $39,655,000 |
$132,000 | $675,000 |
$65,000 | $680,000 |
| Application Withdrawn By Applicant |
112 | $15,177,000 |
$135,000 | $417,000 |
$72,000 | $960,000 |
| File Closed For Incompleteness |
37 | $4,399,000 |
$118,000 | $417,000 |
$64,000 | $199,000 |
| Loan Originated |
557 | $79,783,000 |
$143,000 | $1,016,000 |
$80,000 | $1,800,000 |
| Loan Purchased By The Institution |
286 | $40,676,000 |
$142,000 | $777,000 |
$44,000 | $207,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
40 | $5,534,000 |
$138,000 | $500,000 |
$80,000 | $204,000 |
| Credit Application Incomplete |
17 | $3,371,000 |
$198,000 | $638,000 |
$126,000 | $680,000 |
| Credit History |
50 | $6,044,000 |
$120,000 | $473,000 |
$63,000 | $384,000 |
| Debt-To-Income Ratio |
33 | $5,317,000 |
$161,000 | $675,000 |
$57,000 | $245,000 |
| Employment History |
4 | $374,000 |
$93,000 | $117,000 |
$39,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $466,000 |
$155,000 | $271,000 |
$56,000 | $82,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $1,707,000 |
$106,000 | $301,000 |
$40,000 | $78,000 |
| Unverifiable Information |
4 | $747,000 |
$186,000 | $230,000 |
$63,000 | $95,000 |
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