|
| Location |
Lake of the Woods County MN
• Apply Here |
| Year | 2010 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 2009 2010 |
| Total Number of Mortgage Applications | 137 |
| Total Amount of All Mortgage Loans Applied For | $15,717,000 |
| Average Mortgage Loan Amount Applied For | $114,000 |
| Highest Mortgage Loan Amount Applied For | $299,000 |
| Average Applicant Income | $64,000 |
| Highest Applicant Income | $272,000 |
|
|
|
| Home Improvement |
17 | $812,000 |
$47,000 | $211,000 |
$62,000 | $240,000 |
| Home Purchase |
42 | $5,149,000 |
$122,000 | $239,000 |
$60,000 | $272,000 |
| Refinancing |
78 | $9,756,000 |
$125,000 | $299,000 |
$67,000 | $213,000 |
|
| American Indian or Alaskan Native |
1 | $124,000 |
$124,000 | $124,000 |
$272,000 | $272,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $621,000 |
$103,000 | $219,000 |
$0 | $0 |
| Not Provided |
10 | $1,193,000 |
$119,000 | $229,000 |
$65,000 | $157,000 |
| White |
120 | $13,779,000 |
$114,000 | $299,000 |
$65,000 | $240,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
86 | $9,788,000 |
$113,000 | $299,000 |
$78,000 | $272,000 |
| FHA-insured (Federal Housing Administration) |
34 | $4,153,000 |
$122,000 | $274,000 |
$40,000 | $124,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,298,000 |
$99,000 | $235,000 |
$41,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
4 | $478,000 |
$119,000 | $148,000 |
$35,000 | $49,000 |
|
| Application Approved But Not Accepted |
6 | $797,000 |
$132,000 | $174,000 |
$63,000 | $138,000 |
| Application Denied By Financial Institution |
28 | $2,638,000 |
$94,000 | $299,000 |
$49,000 | $143,000 |
| Application Withdrawn By Applicant |
10 | $1,149,000 |
$114,000 | $229,000 |
$58,000 | $157,000 |
| File Closed For Incompleteness |
1 | $108,000 |
$108,000 | $108,000 |
$197,000 | $197,000 |
| Loan Originated |
67 | $8,121,000 |
$121,000 | $274,000 |
$75,000 | $272,000 |
| Loan Purchased By The Institution |
25 | $2,904,000 |
$116,000 | $274,000 |
$47,000 | $200,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
4 | $297,000 |
$74,000 | $100,000 |
$95,000 | $143,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $466,000 |
$58,000 | $159,000 |
$37,000 | $90,000 |
| Debt-To-Income Ratio |
9 | $1,160,000 |
$128,000 | $299,000 |
$40,000 | $100,000 |
| Employment History |
1 | $53,000 |
$53,000 | $53,000 |
$47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $74,000 |
$74,000 | $74,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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