|
| Location |
McDowell County NC
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,999 |
| Total Amount of All Mortgage Loans Applied For | $269,546,000 |
| Average Mortgage Loan Amount Applied For | $134,000 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $2,000,000 |
|
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| Home Improvement |
137 | $8,473,000 |
$61,000 | $417,000 |
$66,000 | $350,000 |
| Home Purchase |
660 | $105,156,000 |
$159,000 | $2,000,000 |
$91,000 | $2,000,000 |
| Refinancing |
1,202 | $155,917,000 |
$129,000 | $1,500,000 |
$63,000 | $600,000 |
|
| American Indian or Alaskan Native |
11 | $1,538,000 |
$139,000 | $390,000 |
$56,000 | $84,000 |
| Asian |
13 | $1,741,000 |
$133,000 | $265,000 |
$54,000 | $86,000 |
| Black or African American |
32 | $3,597,000 |
$112,000 | $280,000 |
$55,000 | $195,000 |
| Hispanic |
37 | $3,957,000 |
$106,000 | $580,000 |
$62,000 | $350,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $477,000 |
$119,000 | $342,000 |
$116,000 | $336,000 |
| Not applicable |
111 | $17,003,000 |
$153,000 | $1,027,000 |
$31,000 | $650,000 |
| Not Provided |
163 | $25,342,000 |
$155,000 | $2,000,000 |
$87,000 | $2,000,000 |
| White |
1,628 | $215,891,000 |
$132,000 | $1,488,000 |
$75,000 | $1,719,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,604 | $220,600,000 |
$137,000 | $2,000,000 |
$79,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) |
337 | $42,555,000 |
$126,000 | $275,000 |
$47,000 | $275,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
41 | $4,517,000 |
$110,000 | $169,000 |
$25,000 | $69,000 |
| VA-guaranteed (Veterans Administration) |
17 | $1,874,000 |
$110,000 | $264,000 |
$39,000 | $84,000 |
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| Application Approved But Not Accepted |
136 | $16,658,000 |
$122,000 | $825,000 |
$78,000 | $600,000 |
| Application Denied By Financial Institution |
516 | $66,958,000 |
$129,000 | $2,000,000 |
$69,000 | $2,000,000 |
| Application Withdrawn By Applicant |
176 | $22,277,000 |
$126,000 | $417,000 |
$62,000 | $384,000 |
| File Closed For Incompleteness |
61 | $10,443,000 |
$171,000 | $880,000 |
$70,000 | $368,000 |
| Loan Originated |
885 | $118,992,000 |
$134,000 | $1,000,000 |
$81,000 | $1,659,000 |
| Loan Purchased By The Institution |
225 | $34,218,000 |
$152,000 | $1,027,000 |
$51,000 | $650,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
66 | $10,395,000 |
$157,000 | $1,488,000 |
$96,000 | $1,719,000 |
| Credit Application Incomplete |
19 | $5,448,000 |
$286,000 | $2,000,000 |
$190,000 | $2,000,000 |
| Credit History |
117 | $13,408,000 |
$114,000 | $1,500,000 |
$66,000 | $793,000 |
| Debt-To-Income Ratio |
55 | $7,439,000 |
$135,000 | $1,000,000 |
$41,000 | $185,000 |
| Employment History |
3 | $163,000 |
$54,000 | $92,000 |
$28,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $1,152,000 |
$164,000 | $370,000 |
$93,000 | $195,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
24 | $3,079,000 |
$128,000 | $383,000 |
$105,000 | $396,000 |
| Unverifiable Information |
11 | $1,493,000 |
$135,000 | $400,000 |
$67,000 | $169,000 |
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