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| Location |
Lincoln County NC
• Apply Here |
| Year | 2004 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 6,754 |
| Total Amount of All Mortgage Loans Applied For | $797,202,000 |
| Average Mortgage Loan Amount Applied For | $118,000 |
| Highest Mortgage Loan Amount Applied For | $2,011,000 |
| Average Applicant Income | $54,000 |
| Highest Applicant Income | $1,344,000 |
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| Home Improvement |
354 | $15,218,000 |
$42,000 | $368,000 |
$55,000 | $552,000 |
| Home Purchase |
2,474 | $320,014,000 |
$129,000 | $2,011,000 |
$56,000 | $1,344,000 |
| Refinancing |
3,926 | $461,970,000 |
$117,000 | $1,449,000 |
$52,000 | $803,000 |
|
| American Indian or Alaskan Native |
16 | $1,691,000 |
$105,000 | $299,000 |
$62,000 | $150,000 |
| Asian |
45 | $5,823,000 |
$129,000 | $307,000 |
$54,000 | $108,000 |
| Black or African American |
262 | $22,291,000 |
$85,000 | $700,000 |
$44,000 | $166,000 |
| Hispanic |
177 | $16,357,000 |
$92,000 | $344,000 |
$39,000 | $131,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $1,171,000 |
$117,000 | $360,000 |
$87,000 | $345,000 |
| Not applicable |
592 | $77,034,000 |
$130,000 | $2,011,000 |
$12,000 | $500,000 |
| Not Provided |
1,135 | $128,277,000 |
$113,000 | $990,000 |
$55,000 | $686,000 |
| White |
4,517 | $544,558,000 |
$120,000 | $1,449,000 |
$62,000 | $1,344,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,313 | $750,263,000 |
$118,000 | $2,011,000 |
$57,000 | $1,344,000 |
| FHA-insured (Federal Housing Administration) |
350 | $36,255,000 |
$103,000 | $173,000 |
$30,000 | $410,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
27 | $2,834,000 |
$104,000 | $188,000 |
$36,000 | $56,000 |
| VA-guaranteed (Veterans Administration) |
64 | $7,850,000 |
$122,000 | $246,000 |
$27,000 | $100,000 |
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| Application Approved But Not Accepted |
483 | $47,560,000 |
$98,000 | $986,000 |
$53,000 | $307,000 |
| Application Denied By Financial Institution |
1,605 | $153,697,000 |
$95,000 | $700,000 |
$49,000 | $1,344,000 |
| Application Withdrawn By Applicant |
651 | $77,589,000 |
$119,000 | $1,000,000 |
$59,000 | $540,000 |
| File Closed For Incompleteness |
179 | $20,964,000 |
$117,000 | $376,000 |
$52,000 | $306,000 |
| Loan Originated |
2,850 | $364,617,000 |
$127,000 | $2,011,000 |
$63,000 | $803,000 |
| Loan Purchased By The Institution |
986 | $132,775,000 |
$134,000 | $944,000 |
$32,000 | $500,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
181 | $20,459,000 |
$113,000 | $400,000 |
$57,000 | $321,000 |
| Credit Application Incomplete |
112 | $13,253,000 |
$118,000 | $519,000 |
$52,000 | $245,000 |
| Credit History |
403 | $37,456,000 |
$92,000 | $545,000 |
$46,000 | $641,000 |
| Debt-To-Income Ratio |
148 | $14,831,000 |
$100,000 | $700,000 |
$44,000 | $180,000 |
| Employment History |
11 | $1,027,000 |
$93,000 | $260,000 |
$41,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
15 | $1,551,000 |
$103,000 | $254,000 |
$49,000 | $115,000 |
| Mortgage Insurance Denied |
1 | $62,000 |
$62,000 | $62,000 |
$30,000 | $30,000 |
| Other |
310 | $29,961,000 |
$96,000 | $410,000 |
$56,000 | $1,344,000 |
| Unverifiable Information |
26 | $3,076,000 |
$118,000 | $277,000 |
$51,000 | $500,000 |
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