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| Location |
Menominee County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,068 |
| Total Amount of All Mortgage Loans Applied For | $102,576,000 |
| Average Mortgage Loan Amount Applied For | $96,000 |
| Highest Mortgage Loan Amount Applied For | $693,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $1,073,000 |
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| Home Improvement |
74 | $3,400,000 |
$45,000 | $256,000 |
$83,000 | $1,000,000 |
| Home Purchase |
265 | $23,514,000 |
$88,000 | $370,000 |
$56,000 | $450,000 |
| Refinancing |
729 | $75,662,000 |
$103,000 | $693,000 |
$57,000 | $1,073,000 |
|
| American Indian or Alaskan Native |
4 | $314,000 |
$78,000 | $187,000 |
$57,000 | $80,000 |
| Asian |
2 | $52,000 |
$26,000 | $34,000 |
$53,000 | $58,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
6 | $335,000 |
$55,000 | $104,000 |
$55,000 | $190,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $111,000 |
$27,000 | $32,000 |
$48,000 | $108,000 |
| Not applicable |
62 | $6,748,000 |
$108,000 | $228,000 |
$28,000 | $184,000 |
| Not Provided |
59 | $5,268,000 |
$89,000 | $243,000 |
$66,000 | $432,000 |
| White |
931 | $89,748,000 |
$96,000 | $693,000 |
$60,000 | $1,073,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
784 | $73,446,000 |
$93,000 | $693,000 |
$63,000 | $1,073,000 |
| FHA-insured (Federal Housing Administration) |
231 | $24,508,000 |
$106,000 | $237,000 |
$46,000 | $161,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
41 | $3,494,000 |
$85,000 | $231,000 |
$36,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
12 | $1,128,000 |
$94,000 | $183,000 |
$42,000 | $120,000 |
|
| Application Approved But Not Accepted |
65 | $6,551,000 |
$100,000 | $370,000 |
$62,000 | $261,000 |
| Application Denied By Financial Institution |
245 | $21,714,000 |
$88,000 | $459,000 |
$60,000 | $1,073,000 |
| Application Withdrawn By Applicant |
107 | $11,609,000 |
$108,000 | $302,000 |
$63,000 | $370,000 |
| File Closed For Incompleteness |
23 | $2,076,000 |
$90,000 | $211,000 |
$60,000 | $450,000 |
| Loan Originated |
520 | $49,121,000 |
$94,000 | $693,000 |
$59,000 | $1,000,000 |
| Loan Purchased By The Institution |
108 | $11,505,000 |
$106,000 | $383,000 |
$45,000 | $231,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
47 | $6,065,000 |
$129,000 | $285,000 |
$82,000 | $1,073,000 |
| Credit Application Incomplete |
12 | $1,248,000 |
$104,000 | $176,000 |
$54,000 | $84,000 |
| Credit History |
55 | $3,891,000 |
$70,000 | $459,000 |
$57,000 | $432,000 |
| Debt-To-Income Ratio |
30 | $2,909,000 |
$96,000 | $253,000 |
$42,000 | $115,000 |
| Employment History |
4 | $292,000 |
$73,000 | $110,000 |
$21,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $145,000 |
$48,000 | $61,000 |
$52,000 | $118,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,011,000 |
$112,000 | $237,000 |
$51,000 | $130,000 |
| Unverifiable Information |
3 | $223,000 |
$74,000 | $104,000 |
$387,000 | $1,000,000 |
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