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| Location |
Mason County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,028 |
| Total Amount of All Mortgage Loans Applied For | $122,098,000 |
| Average Mortgage Loan Amount Applied For | $118,000 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
108 | $5,009,000 |
$46,000 | $339,000 |
$43,000 | $85,000 |
| Home Purchase |
251 | $32,647,000 |
$130,000 | $675,000 |
$73,000 | $873,000 |
| Refinancing |
669 | $84,442,000 |
$126,000 | $700,000 |
$67,000 | $900,000 |
|
| American Indian or Alaskan Native |
6 | $512,000 |
$85,000 | $200,000 |
$55,000 | $125,000 |
| Asian |
4 | $377,000 |
$94,000 | $119,000 |
$36,000 | $66,000 |
| Black or African American |
2 | $202,000 |
$101,000 | $137,000 |
$51,000 | $84,000 |
| Hispanic |
18 | $1,900,000 |
$105,000 | $272,000 |
$40,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $81,000 |
$81,000 | $81,000 |
$45,000 | $45,000 |
| Not applicable |
52 | $7,349,000 |
$141,000 | $630,000 |
$18,000 | $102,000 |
| Not Provided |
99 | $10,960,000 |
$110,000 | $520,000 |
$71,000 | $492,000 |
| White |
846 | $100,717,000 |
$119,000 | $700,000 |
$69,000 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
796 | $96,298,000 |
$120,000 | $700,000 |
$74,000 | $900,000 |
| FHA-insured (Federal Housing Administration) |
181 | $19,960,000 |
$110,000 | $234,000 |
$37,000 | $102,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
36 | $2,986,000 |
$82,000 | $148,000 |
$28,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
15 | $2,854,000 |
$190,000 | $337,000 |
$48,000 | $150,000 |
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| Application Approved But Not Accepted |
93 | $10,034,000 |
$107,000 | $417,000 |
$61,000 | $252,000 |
| Application Denied By Financial Institution |
286 | $30,227,000 |
$105,000 | $675,000 |
$54,000 | $555,000 |
| Application Withdrawn By Applicant |
76 | $10,507,000 |
$138,000 | $700,000 |
$84,000 | $450,000 |
| File Closed For Incompleteness |
26 | $3,333,000 |
$128,000 | $350,000 |
$79,000 | $492,000 |
| Loan Originated |
383 | $46,063,000 |
$120,000 | $650,000 |
$84,000 | $900,000 |
| Loan Purchased By The Institution |
164 | $21,934,000 |
$133,000 | $643,000 |
$36,000 | $465,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
57 | $7,142,000 |
$125,000 | $374,000 |
$75,000 | $555,000 |
| Credit Application Incomplete |
12 | $1,469,000 |
$122,000 | $267,000 |
$49,000 | $120,000 |
| Credit History |
56 | $4,834,000 |
$86,000 | $295,000 |
$51,000 | $337,000 |
| Debt-To-Income Ratio |
32 | $3,852,000 |
$120,000 | $675,000 |
$37,000 | $81,000 |
| Employment History |
2 | $209,000 |
$104,000 | $124,000 |
$47,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $271,000 |
$90,000 | $139,000 |
$41,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
19 | $1,853,000 |
$97,000 | $213,000 |
$62,000 | $163,000 |
| Unverifiable Information |
2 | $234,000 |
$117,000 | $174,000 |
$46,000 | $93,000 |
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