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| Location |
Montcalm County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 3,296 |
| Total Amount of All Mortgage Loans Applied For | $319,032,000 |
| Average Mortgage Loan Amount Applied For | $96,000 |
| Highest Mortgage Loan Amount Applied For | $974,000 |
| Average Applicant Income | $53,000 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
321 | $14,078,000 |
$43,000 | $340,000 |
$56,000 | $1,661,000 |
| Home Purchase |
850 | $75,789,000 |
$89,000 | $462,000 |
$45,000 | $435,000 |
| Refinancing |
2,125 | $229,165,000 |
$107,000 | $974,000 |
$56,000 | $9,999,000 |
|
| American Indian or Alaskan Native |
16 | $922,000 |
$57,000 | $129,000 |
$32,000 | $63,000 |
| Asian |
7 | $612,000 |
$87,000 | $124,000 |
$30,000 | $48,000 |
| Black or African American |
11 | $1,060,000 |
$96,000 | $248,000 |
$84,000 | $158,000 |
| Hispanic |
54 | $5,395,000 |
$99,000 | $225,000 |
$46,000 | $114,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $196,000 |
$65,000 | $182,000 |
$38,000 | $59,000 |
| Not applicable |
197 | $21,866,000 |
$110,000 | $974,000 |
$12,000 | $117,000 |
| Not Provided |
215 | $19,107,000 |
$88,000 | $300,000 |
$45,000 | $184,000 |
| White |
2,793 | $269,874,000 |
$96,000 | $863,000 |
$57,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,289 | $216,833,000 |
$94,000 | $974,000 |
$61,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
842 | $87,917,000 |
$104,000 | $275,000 |
$37,000 | $146,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
133 | $10,624,000 |
$79,000 | $187,000 |
$22,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
32 | $3,658,000 |
$114,000 | $248,000 |
$40,000 | $107,000 |
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| Application Approved But Not Accepted |
211 | $20,705,000 |
$98,000 | $400,000 |
$52,000 | $231,000 |
| Application Denied By Financial Institution |
948 | $89,617,000 |
$94,000 | $383,000 |
$50,000 | $411,000 |
| Application Withdrawn By Applicant |
266 | $27,667,000 |
$104,000 | $302,000 |
$52,000 | $303,000 |
| File Closed For Incompleteness |
56 | $7,192,000 |
$128,000 | $417,000 |
$67,000 | $435,000 |
| Loan Originated |
1,366 | $123,167,000 |
$90,000 | $974,000 |
$65,000 | $9,999,000 |
| Loan Purchased By The Institution |
448 | $50,436,000 |
$112,000 | $417,000 |
$22,000 | $190,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $248,000 |
$248,000 | $248,000 |
$107,000 | $107,000 |
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| Collateral |
171 | $17,667,000 |
$103,000 | $300,000 |
$60,000 | $303,000 |
| Credit Application Incomplete |
26 | $2,970,000 |
$114,000 | $351,000 |
$59,000 | $161,000 |
| Credit History |
190 | $15,253,000 |
$80,000 | $382,000 |
$49,000 | $302,000 |
| Debt-To-Income Ratio |
104 | $10,087,000 |
$96,000 | $383,000 |
$38,000 | $189,000 |
| Employment History |
6 | $635,000 |
$105,000 | $176,000 |
$46,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $803,000 |
$160,000 | $315,000 |
$54,000 | $92,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
33 | $3,101,000 |
$93,000 | $348,000 |
$46,000 | $103,000 |
| Unverifiable Information |
12 | $1,381,000 |
$115,000 | $340,000 |
$77,000 | $219,000 |
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