| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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Norman County MN
Mortgage Loan Application
Totals and Details
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| Location |
Norman County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 271 |
| Total Amount of All Mortgage Loans Applied For | $21,033,000 |
| Average Mortgage Loan Amount Applied For | $77,000 |
| Highest Mortgage Loan Amount Applied For | $484,000 |
| Average Applicant Income | $51,000 |
| Highest Applicant Income | $1,584,000 |
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| Home Improvement |
38 | $1,159,000 |
$30,000 | $120,000 |
$43,000 | $105,000 |
| Home Purchase |
69 | $5,785,000 |
$83,000 | $484,000 |
$70,000 | $1,584,000 |
| Refinancing |
164 | $14,089,000 |
$85,000 | $420,000 |
$45,000 | $155,000 |
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| American Indian or Alaskan Native |
4 | $275,000 |
$68,000 | $106,000 |
$33,000 | $64,000 |
| Asian |
1 | $7,000 |
$7,000 | $7,000 |
$105,000 | $105,000 |
| Black or African American |
1 | $71,000 |
$71,000 | $71,000 |
$17,000 | $17,000 |
| Hispanic |
7 | $242,000 |
$34,000 | $89,000 |
$45,000 | $75,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
25 | $2,544,000 |
$101,000 | $218,000 |
$26,000 | $95,000 |
| Not Provided |
16 | $1,395,000 |
$87,000 | $420,000 |
$34,000 | $105,000 |
| White |
217 | $16,499,000 |
$76,000 | $484,000 |
$56,000 | $1,584,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
225 | $17,116,000 |
$76,000 | $484,000 |
$54,000 | $1,584,000 |
| FHA-insured (Federal Housing Administration) |
37 | $3,054,000 |
$82,000 | $230,000 |
$43,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $627,000 |
$104,000 | $141,000 |
$27,000 | $52,000 |
| VA-guaranteed (Veterans Administration) |
3 | $236,000 |
$78,000 | $97,000 |
$24,000 | $39,000 |
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| Application Approved But Not Accepted |
17 | $1,257,000 |
$73,000 | $184,000 |
$39,000 | $90,000 |
| Application Denied By Financial Institution |
59 | $3,605,000 |
$61,000 | $292,000 |
$42,000 | $105,000 |
| Application Withdrawn By Applicant |
17 | $1,008,000 |
$59,000 | $109,000 |
$37,000 | $76,000 |
| File Closed For Incompleteness |
5 | $457,000 |
$91,000 | $140,000 |
$90,000 | $155,000 |
| Loan Originated |
136 | $11,220,000 |
$82,000 | $484,000 |
$64,000 | $1,584,000 |
| Loan Purchased By The Institution |
37 | $3,486,000 |
$94,000 | $218,000 |
$27,000 | $95,000 |
| 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 |
9 | $682,000 |
$75,000 | $108,000 |
$47,000 | $80,000 |
| Credit Application Incomplete |
1 | $87,000 |
$87,000 | $87,000 |
$39,000 | $39,000 |
| Credit History |
13 | $584,000 |
$44,000 | $292,000 |
$42,000 | $105,000 |
| Debt-To-Income Ratio |
8 | $314,000 |
$39,000 | $91,000 |
$29,000 | $52,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $153,000 |
$153,000 | $153,000 |
$55,000 | $55,000 |
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Mortgage Companies for
Norman County MN in 2008
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