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| Location |
Montmorency County MI
• Apply Here |
| Year | 2010 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 2009 2010 |
| Total Number of Mortgage Applications | 426 |
| Total Amount of All Mortgage Loans Applied For | $39,905,000 |
| Average Mortgage Loan Amount Applied For | $93,000 |
| Highest Mortgage Loan Amount Applied For | $375,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $492,000 |
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| Home Improvement |
41 | $993,000 |
$24,000 | $141,000 |
$46,000 | $195,000 |
| Home Purchase |
116 | $10,000,000 |
$86,000 | $300,000 |
$72,000 | $354,000 |
| Refinancing |
269 | $28,912,000 |
$107,000 | $375,000 |
$69,000 | $492,000 |
|
| American Indian or Alaskan Native |
2 | $112,000 |
$56,000 | $64,000 |
$47,000 | $62,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
16 | $2,329,000 |
$145,000 | $350,000 |
$5,000 | $81,000 |
| Not Provided |
53 | $3,637,000 |
$68,000 | $232,000 |
$45,000 | $130,000 |
| White |
355 | $33,827,000 |
$95,000 | $375,000 |
$74,000 | $492,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
338 | $31,511,000 |
$93,000 | $375,000 |
$74,000 | $492,000 |
| FHA-insured (Federal Housing Administration) |
64 | $6,189,000 |
$96,000 | $246,000 |
$42,000 | $188,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
15 | $1,267,000 |
$84,000 | $161,000 |
$38,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
9 | $938,000 |
$104,000 | $150,000 |
$42,000 | $69,000 |
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| Application Approved But Not Accepted |
24 | $1,836,000 |
$76,000 | $284,000 |
$56,000 | $276,000 |
| Application Denied By Financial Institution |
88 | $7,175,000 |
$81,000 | $240,000 |
$59,000 | $354,000 |
| Application Withdrawn By Applicant |
38 | $4,624,000 |
$121,000 | $375,000 |
$104,000 | $492,000 |
| File Closed For Incompleteness |
13 | $1,322,000 |
$101,000 | $198,000 |
$87,000 | $368,000 |
| Loan Originated |
192 | $16,882,000 |
$87,000 | $350,000 |
$70,000 | $260,000 |
| Loan Purchased By The Institution |
71 | $8,066,000 |
$113,000 | $350,000 |
$54,000 | $240,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
27 | $2,804,000 |
$103,000 | $240,000 |
$76,000 | $240,000 |
| Credit Application Incomplete |
2 | $164,000 |
$82,000 | $105,000 |
$40,000 | $44,000 |
| Credit History |
11 | $463,000 |
$42,000 | $135,000 |
$43,000 | $68,000 |
| Debt-To-Income Ratio |
20 | $1,817,000 |
$90,000 | $240,000 |
$40,000 | $95,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $173,000 |
$86,000 | $90,000 |
$23,000 | $30,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $493,000 |
$82,000 | $120,000 |
$80,000 | $354,000 |
| Unverifiable Information |
2 | $148,000 |
$74,000 | $105,000 |
$148,000 | $194,000 |
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