| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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McHenry County ND
Mortgage Loan Application
Totals and Details
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| Location |
McHenry County ND
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 152 |
| Total Amount of All Mortgage Loans Applied For | $11,097,000 |
| Average Mortgage Loan Amount Applied For | $73,000 |
| Highest Mortgage Loan Amount Applied For | $300,000 |
| Average Applicant Income | $47,000 |
| Highest Applicant Income | $216,000 |
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| Home Improvement |
14 | $572,000 |
$40,000 | $115,000 |
$79,000 | $209,000 |
| Home Purchase |
65 | $5,075,000 |
$78,000 | $215,000 |
$37,000 | $216,000 |
| Refinancing |
73 | $5,450,000 |
$74,000 | $300,000 |
$50,000 | $144,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $48,000 |
$48,000 | $48,000 |
$52,000 | $52,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
15 | $1,311,000 |
$87,000 | $215,000 |
$12,000 | $90,000 |
| Not Provided |
9 | $415,000 |
$46,000 | $80,000 |
$50,000 | $80,000 |
| White |
127 | $9,323,000 |
$73,000 | $300,000 |
$51,000 | $216,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
100 | $6,261,000 |
$62,000 | $300,000 |
$54,000 | $209,000 |
| FHA-insured (Federal Housing Administration) |
40 | $3,838,000 |
$95,000 | $215,000 |
$34,000 | $216,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $27,000 |
$27,000 | $27,000 |
$34,000 | $34,000 |
| VA-guaranteed (Veterans Administration) |
11 | $971,000 |
$88,000 | $192,000 |
$35,000 | $67,000 |
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| Application Approved But Not Accepted |
10 | $707,000 |
$70,000 | $147,000 |
$51,000 | $81,000 |
| Application Denied By Financial Institution |
38 | $2,774,000 |
$73,000 | $300,000 |
$40,000 | $75,000 |
| Application Withdrawn By Applicant |
18 | $1,314,000 |
$73,000 | $217,000 |
$69,000 | $144,000 |
| File Closed For Incompleteness |
5 | $335,000 |
$67,000 | $149,000 |
$113,000 | $216,000 |
| Loan Originated |
64 | $4,486,000 |
$70,000 | $215,000 |
$47,000 | $130,000 |
| Loan Purchased By The Institution |
17 | $1,481,000 |
$87,000 | $215,000 |
$15,000 | $90,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
7 | $499,000 |
$71,000 | $171,000 |
$42,000 | $62,000 |
| Credit Application Incomplete |
1 | $81,000 |
$81,000 | $81,000 |
$57,000 | $57,000 |
| Credit History |
3 | $145,000 |
$48,000 | $59,000 |
$35,000 | $67,000 |
| Debt-To-Income Ratio |
5 | $353,000 |
$70,000 | $140,000 |
$23,000 | $45,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $62,000 |
$31,000 | $36,000 |
$30,000 | $31,000 |
| Unverifiable Information |
1 | $114,000 |
$114,000 | $114,000 |
$63,000 | $63,000 |
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Mortgage Companies for
McHenry County ND in 2008
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