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| Location |
Kent County RI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 9,666 |
| Total Amount of All Mortgage Loans Applied For | $1,825,722,000 |
| Average Mortgage Loan Amount Applied For | $188,000 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $78,000 |
| Highest Applicant Income | $8,000,000 |
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| Home Improvement |
986 | $71,485,000 |
$72,000 | $950,000 |
$85,000 | $8,000,000 |
| Home Purchase |
2,835 | $586,329,000 |
$206,000 | $1,000,000 |
$84,000 | $1,700,000 |
| Refinancing |
5,845 | $1,167,908,000 |
$199,000 | $1,600,000 |
$75,000 | $1,214,000 |
|
| American Indian or Alaskan Native |
19 | $4,929,000 |
$259,000 | $500,000 |
$510,000 | $8,000,000 |
| Asian |
129 | $27,406,000 |
$212,000 | $650,000 |
$85,000 | $293,000 |
| Black or African American |
124 | $27,664,000 |
$223,000 | $820,000 |
$91,000 | $359,000 |
| Hispanic |
195 | $37,484,000 |
$192,000 | $650,000 |
$71,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $2,932,000 |
$183,000 | $343,000 |
$57,000 | $125,000 |
| Not applicable |
553 | $120,447,000 |
$217,000 | $1,600,000 |
$21,000 | $337,000 |
| Not Provided |
1,069 | $203,027,000 |
$189,000 | $999,000 |
$83,000 | $1,700,000 |
| White |
7,561 | $1,401,833,000 |
$185,000 | $1,300,000 |
$81,000 | $1,646,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,613 | $1,381,382,000 |
$181,000 | $1,600,000 |
$83,000 | $8,000,000 |
| FHA-insured (Federal Housing Administration) |
1,936 | $419,178,000 |
$216,000 | $483,000 |
$64,000 | $373,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $224,000 |
$224,000 | $224,000 |
$62,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
116 | $24,938,000 |
$214,000 | $417,000 |
$49,000 | $150,000 |
|
| Application Approved But Not Accepted |
572 | $108,624,000 |
$189,000 | $788,000 |
$84,000 | $535,000 |
| Application Denied By Financial Institution |
2,207 | $410,298,000 |
$185,000 | $1,300,000 |
$80,000 | $8,000,000 |
| Application Withdrawn By Applicant |
827 | $163,677,000 |
$197,000 | $999,000 |
$84,000 | $1,000,000 |
| File Closed For Incompleteness |
228 | $46,117,000 |
$202,000 | $486,000 |
$91,000 | $1,214,000 |
| Loan Originated |
4,545 | $825,601,000 |
$181,000 | $1,600,000 |
$84,000 | $1,700,000 |
| Loan Purchased By The Institution |
1,287 | $271,405,000 |
$210,000 | $854,000 |
$47,000 | $365,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
416 | $78,796,000 |
$189,000 | $1,300,000 |
$87,000 | $544,000 |
| Credit Application Incomplete |
154 | $35,779,000 |
$232,000 | $739,000 |
$136,000 | $8,000,000 |
| Credit History |
281 | $39,512,000 |
$140,000 | $761,000 |
$81,000 | $1,239,000 |
| Debt-To-Income Ratio |
330 | $57,114,000 |
$173,000 | $625,000 |
$57,000 | $337,000 |
| Employment History |
15 | $2,935,000 |
$195,000 | $353,000 |
$64,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
18 | $3,751,000 |
$208,000 | $417,000 |
$80,000 | $143,000 |
| Mortgage Insurance Denied |
7 | $1,243,000 |
$177,000 | $329,000 |
$81,000 | $106,000 |
| Other |
183 | $35,271,000 |
$192,000 | $880,000 |
$98,000 | $891,000 |
| Unverifiable Information |
57 | $10,823,000 |
$189,000 | $417,000 |
$80,000 | $240,000 |
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