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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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WEST MICHIGAN MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEST MICHIGAN MORTGAGE LLC |
| Address | 5367 SCHOOL AVENUE
HUDSONVILLE, MI 49423 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 84 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,203,000 |
| Average Mortgage Loan Amount Applied For | $161,875 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $130,000 |
| Highest Applicant Income | $715,000 |
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| Home Improvement |
2 | $174,000 |
$87,000 | $150,000 |
$83,000 | $91,000 |
| Home Purchase |
48 | $8,857,000 |
$184,000 | $600,000 |
$97,000 | $715,000 |
| Refinancing |
40 | $7,020,000 |
$175,000 | $570,000 |
$66,000 | $228,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $204,000 |
$204,000 | $204,000 |
$55,000 | $55,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
7 | $1,096,000 |
$156,000 | $224,000 |
$58,000 | $75,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $267,000 |
$89,000 | $137,000 |
$26,000 | $46,000 |
| White |
79 | $14,484,000 |
$183,000 | $600,000 |
$88,000 | $715,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
85 | $15,429,000 |
$181,000 | $600,000 |
$86,000 | $715,000 |
| FHA-insured (Federal Housing Administration) |
5 | $622,000 |
$124,000 | $166,000 |
$38,000 | $52,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
13 | $2,349,000 |
$180,000 | $349,000 |
$73,000 | $179,000 |
| Application Denied By Financial Institution |
21 | $3,200,000 |
$152,000 | $570,000 |
$46,000 | $94,000 |
| Application Withdrawn By Applicant |
11 | $1,549,000 |
$140,000 | $275,000 |
$47,000 | $105,000 |
| File Closed For Incompleteness |
1 | $84,000 |
$84,000 | $84,000 |
$65,000 | $65,000 |
| Loan Originated |
38 | $8,021,000 |
$211,000 | $600,000 |
$121,000 | $715,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
6 | $848,000 |
$141,000 | $200,000 |
$63,000 | $85,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WEST MICHIGAN MORTGAGE LLC by:
Metropolitan Area And
County
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