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| Location |
Lincoln County NC
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 4,883 |
| Total Amount of All Mortgage Loans Applied For | $856,442,000 |
| Average Mortgage Loan Amount Applied For | $175,000 |
| Highest Mortgage Loan Amount Applied For | $2,086,000 |
| Average Applicant Income | $76,000 |
| Highest Applicant Income | $1,257,000 |
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| Home Improvement |
278 | $18,326,000 |
$65,000 | $650,000 |
$65,000 | $345,000 |
| Home Purchase |
1,765 | $343,448,000 |
$194,000 | $2,086,000 |
$79,000 | $764,000 |
| Refinancing |
2,840 | $494,668,000 |
$174,000 | $1,800,000 |
$75,000 | $1,257,000 |
|
| American Indian or Alaskan Native |
13 | $1,440,000 |
$110,000 | $309,000 |
$54,000 | $173,000 |
| Asian |
17 | $2,536,000 |
$149,000 | $280,000 |
$74,000 | $223,000 |
| Black or African American |
175 | $23,324,000 |
$133,000 | $1,800,000 |
$57,000 | $807,000 |
| Hispanic |
143 | $18,420,000 |
$128,000 | $417,000 |
$54,000 | $354,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,654,000 |
$275,000 | $417,000 |
$142,000 | $196,000 |
| Not applicable |
399 | $84,126,000 |
$210,000 | $2,086,000 |
$32,000 | $555,000 |
| Not Provided |
512 | $89,161,000 |
$174,000 | $1,261,000 |
$86,000 | $1,240,000 |
| White |
3,618 | $635,781,000 |
$175,000 | $1,400,000 |
$81,000 | $1,257,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,611 | $676,363,000 |
$187,000 | $2,086,000 |
$86,000 | $1,257,000 |
| FHA-insured (Federal Housing Administration) |
1,055 | $150,944,000 |
$143,000 | $840,000 |
$50,000 | $338,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
133 | $15,199,000 |
$114,000 | $250,000 |
$30,000 | $114,000 |
| VA-guaranteed (Veterans Administration) |
84 | $13,936,000 |
$165,000 | $438,000 |
$58,000 | $148,000 |
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| Application Approved But Not Accepted |
237 | $38,846,000 |
$163,000 | $850,000 |
$93,000 | $1,193,000 |
| Application Denied By Financial Institution |
1,033 | $139,082,000 |
$134,000 | $700,000 |
$64,000 | $734,000 |
| Application Withdrawn By Applicant |
495 | $89,102,000 |
$180,000 | $1,000,000 |
$78,000 | $728,000 |
| File Closed For Incompleteness |
132 | $23,501,000 |
$178,000 | $1,400,000 |
$74,000 | $480,000 |
| Loan Originated |
2,100 | $387,994,000 |
$184,000 | $2,086,000 |
$87,000 | $1,257,000 |
| Loan Purchased By The Institution |
886 | $177,917,000 |
$200,000 | $1,800,000 |
$60,000 | $555,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
133 | $21,380,000 |
$160,000 | $580,000 |
$82,000 | $476,000 |
| Credit Application Incomplete |
65 | $10,164,000 |
$156,000 | $494,000 |
$65,000 | $207,000 |
| Credit History |
197 | $18,590,000 |
$94,000 | $510,000 |
$56,000 | $310,000 |
| Debt-To-Income Ratio |
107 | $19,202,000 |
$179,000 | $700,000 |
$63,000 | $360,000 |
| Employment History |
6 | $1,173,000 |
$195,000 | $417,000 |
$58,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $1,615,000 |
$161,000 | $309,000 |
$83,000 | $178,000 |
| Mortgage Insurance Denied |
1 | $176,000 |
$176,000 | $176,000 |
$41,000 | $41,000 |
| Other |
51 | $7,159,000 |
$140,000 | $590,000 |
$61,000 | $300,000 |
| Unverifiable Information |
20 | $4,683,000 |
$234,000 | $417,000 |
$99,000 | $240,000 |
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