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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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WEST MICHIGAN MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEST MICHIGAN MORTGAGE |
| Address | 5367 SCHOOL AVENUE
HUDSONVILLE, MI 49426 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 59 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,078,000 |
| Average Mortgage Loan Amount Applied For | $200,666 |
| Highest Mortgage Loan Amount Applied For | $880,000 |
| Average Applicant Income | $80,888 |
| Highest Applicant Income | $189,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
30 | $5,007,000 |
$166,000 | $880,000 |
$74,000 | $386,000 |
| Refinancing |
38 | $5,228,000 |
$137,000 | $298,000 |
$71,000 | $159,000 |
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| American Indian or Alaskan Native |
1 | $115,000 |
$115,000 | $115,000 |
$35,000 | $35,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $149,000 |
$149,000 | $149,000 |
$36,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
66 | $9,971,000 |
$151,000 | $880,000 |
$73,000 | $386,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
58 | $8,984,000 |
$154,000 | $880,000 |
$76,000 | $386,000 |
| FHA-insured (Federal Housing Administration) |
10 | $1,251,000 |
$125,000 | $198,000 |
$50,000 | $140,000 |
| 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 | $2,505,000 |
$192,000 | $880,000 |
$92,000 | $386,000 |
| Application Denied By Financial Institution |
16 | $2,380,000 |
$148,000 | $284,000 |
$61,000 | $140,000 |
| Application Withdrawn By Applicant |
10 | $1,671,000 |
$167,000 | $298,000 |
$77,000 | $166,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
29 | $3,679,000 |
$126,000 | $218,000 |
$68,000 | $159,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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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 by:
Metropolitan Area And
County
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