|
| Location |
Oceana County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,256 |
| Total Amount of All Mortgage Loans Applied For | $150,531,000 |
| Average Mortgage Loan Amount Applied For | $119,000 |
| Highest Mortgage Loan Amount Applied For | $998,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $1,590,000 |
|
|
|
| Home Improvement |
97 | $4,778,000 |
$49,000 | $252,000 |
$49,000 | $205,000 |
| Home Purchase |
332 | $36,198,000 |
$109,000 | $750,000 |
$74,000 | $1,150,000 |
| Refinancing |
827 | $109,555,000 |
$132,000 | $998,000 |
$68,000 | $1,590,000 |
|
| American Indian or Alaskan Native |
6 | $284,000 |
$47,000 | $93,000 |
$47,000 | $87,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
3 | $626,000 |
$208,000 | $417,000 |
$36,000 | $90,000 |
| Hispanic |
60 | $4,230,000 |
$70,000 | $200,000 |
$36,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $35,000 |
$35,000 | $35,000 |
$70,000 | $70,000 |
| Not applicable |
54 | $5,664,000 |
$104,000 | $417,000 |
$26,000 | $363,000 |
| Not Provided |
132 | $15,447,000 |
$117,000 | $460,000 |
$65,000 | $1,150,000 |
| White |
1,000 | $124,245,000 |
$124,000 | $998,000 |
$73,000 | $1,590,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,001 | $124,606,000 |
$124,000 | $998,000 |
$76,000 | $1,590,000 |
| FHA-insured (Federal Housing Administration) |
213 | $22,268,000 |
$104,000 | $262,000 |
$38,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
34 | $2,852,000 |
$83,000 | $150,000 |
$29,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
8 | $805,000 |
$100,000 | $169,000 |
$52,000 | $86,000 |
|
| Application Approved But Not Accepted |
84 | $10,280,000 |
$122,000 | $460,000 |
$79,000 | $721,000 |
| Application Denied By Financial Institution |
264 | $25,729,000 |
$97,000 | $417,000 |
$55,000 | $1,590,000 |
| Application Withdrawn By Applicant |
102 | $12,990,000 |
$127,000 | $417,000 |
$64,000 | $264,000 |
| File Closed For Incompleteness |
30 | $4,280,000 |
$142,000 | $417,000 |
$65,000 | $130,000 |
| Loan Originated |
609 | $72,849,000 |
$119,000 | $998,000 |
$82,000 | $1,150,000 |
| Loan Purchased By The Institution |
167 | $24,403,000 |
$146,000 | $998,000 |
$36,000 | $507,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
68 | $7,052,000 |
$103,000 | $350,000 |
$57,000 | $137,000 |
| Credit Application Incomplete |
8 | $701,000 |
$87,000 | $138,000 |
$37,000 | $54,000 |
| Credit History |
42 | $2,836,000 |
$67,000 | $254,000 |
$81,000 | $1,590,000 |
| Debt-To-Income Ratio |
29 | $2,631,000 |
$90,000 | $320,000 |
$31,000 | $104,000 |
| Employment History |
2 | $209,000 |
$104,000 | $109,000 |
$25,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $57,000 |
$57,000 | $57,000 |
$18,000 | $18,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $1,757,000 |
$109,000 | $280,000 |
$68,000 | $150,000 |
| Unverifiable Information |
7 | $1,146,000 |
$163,000 | $417,000 |
$61,000 | $172,000 |
|
|