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| Location |
McDowell County NC
• Apply Here |
| Year | 2004 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 2,452 |
| Total Amount of All Mortgage Loans Applied For | $211,105,000 |
| Average Mortgage Loan Amount Applied For | $86,000 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $48,000 |
| Highest Applicant Income | $1,250,000 |
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| Home Improvement |
153 | $6,574,000 |
$42,000 | $237,000 |
$48,000 | $422,000 |
| Home Purchase |
918 | $78,836,000 |
$85,000 | $475,000 |
$48,000 | $541,000 |
| Refinancing |
1,381 | $125,695,000 |
$91,000 | $550,000 |
$48,000 | $1,250,000 |
|
| American Indian or Alaskan Native |
13 | $1,341,000 |
$103,000 | $200,000 |
$49,000 | $114,000 |
| Asian |
12 | $920,000 |
$76,000 | $118,000 |
$44,000 | $83,000 |
| Black or African American |
52 | $3,127,000 |
$60,000 | $150,000 |
$40,000 | $90,000 |
| Hispanic |
54 | $3,664,000 |
$67,000 | $124,000 |
$32,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $45,000 |
$45,000 | $45,000 |
$46,000 | $46,000 |
| Not applicable |
232 | $17,218,000 |
$74,000 | $279,000 |
$12,000 | $127,000 |
| Not Provided |
326 | $30,509,000 |
$93,000 | $403,000 |
$51,000 | $487,000 |
| White |
1,762 | $154,281,000 |
$87,000 | $550,000 |
$52,000 | $1,250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,358 | $202,559,000 |
$85,000 | $550,000 |
$49,000 | $1,250,000 |
| FHA-insured (Federal Housing Administration) |
51 | $4,494,000 |
$88,000 | $144,000 |
$32,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $558,000 |
$79,000 | $151,000 |
$28,000 | $45,000 |
| VA-guaranteed (Veterans Administration) |
36 | $3,494,000 |
$97,000 | $191,000 |
$28,000 | $106,000 |
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| Application Approved But Not Accepted |
202 | $14,191,000 |
$70,000 | $266,000 |
$49,000 | $182,000 |
| Application Denied By Financial Institution |
705 | $54,056,000 |
$76,000 | $422,000 |
$42,000 | $487,000 |
| Application Withdrawn By Applicant |
280 | $25,855,000 |
$92,000 | $550,000 |
$50,000 | $338,000 |
| File Closed For Incompleteness |
52 | $4,685,000 |
$90,000 | $284,000 |
$52,000 | $1,250,000 |
| Loan Originated |
902 | $86,517,000 |
$95,000 | $534,000 |
$59,000 | $541,000 |
| Loan Purchased By The Institution |
311 | $25,801,000 |
$82,000 | $403,000 |
$22,000 | $329,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
95 | $8,078,000 |
$85,000 | $272,000 |
$45,000 | $190,000 |
| Credit Application Incomplete |
51 | $4,789,000 |
$93,000 | $215,000 |
$47,000 | $303,000 |
| Credit History |
184 | $12,860,000 |
$69,000 | $422,000 |
$41,000 | $190,000 |
| Debt-To-Income Ratio |
63 | $5,430,000 |
$86,000 | $230,000 |
$37,000 | $172,000 |
| Employment History |
5 | $362,000 |
$72,000 | $116,000 |
$24,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $314,000 |
$78,000 | $118,000 |
$45,000 | $62,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
122 | $10,118,000 |
$82,000 | $208,000 |
$46,000 | $487,000 |
| Unverifiable Information |
8 | $874,000 |
$109,000 | $290,000 |
$67,000 | $240,000 |
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