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| Location |
Ontonagon County MI
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 265 |
| Total Amount of All Mortgage Loans Applied For | $24,417,000 |
| Average Mortgage Loan Amount Applied For | $92,000 |
| Highest Mortgage Loan Amount Applied For | $848,000 |
| Average Applicant Income | $70,000 |
| Highest Applicant Income | $447,000 |
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| Home Improvement |
30 | $1,930,000 |
$64,000 | $666,000 |
$61,000 | $240,000 |
| Home Purchase |
83 | $7,454,000 |
$89,000 | $848,000 |
$82,000 | $447,000 |
| Refinancing |
152 | $15,033,000 |
$98,000 | $840,000 |
$66,000 | $365,000 |
|
| American Indian or Alaskan Native |
3 | $179,000 |
$59,000 | $125,000 |
$34,000 | $72,000 |
| Asian |
1 | $44,000 |
$44,000 | $44,000 |
$66,000 | $66,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
5 | $409,000 |
$81,000 | $141,000 |
$46,000 | $83,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $1,422,000 |
$83,000 | $417,000 |
$48,000 | $250,000 |
| Not Provided |
27 | $4,202,000 |
$155,000 | $848,000 |
$76,000 | $365,000 |
| White |
212 | $18,161,000 |
$85,000 | $840,000 |
$72,000 | $447,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
256 | $23,549,000 |
$91,000 | $848,000 |
$71,000 | $447,000 |
| FHA-insured (Federal Housing Administration) |
8 | $791,000 |
$98,000 | $153,000 |
$54,000 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $77,000 |
$77,000 | $77,000 |
$49,000 | $49,000 |
|
| Application Approved But Not Accepted |
21 | $2,183,000 |
$103,000 | $654,000 |
$74,000 | $260,000 |
| Application Denied By Financial Institution |
62 | $4,658,000 |
$75,000 | $476,000 |
$51,000 | $219,000 |
| Application Withdrawn By Applicant |
28 | $3,461,000 |
$123,000 | $840,000 |
$69,000 | $365,000 |
| File Closed For Incompleteness |
6 | $1,102,000 |
$183,000 | $848,000 |
$105,000 | $365,000 |
| Loan Originated |
108 | $9,840,000 |
$91,000 | $417,000 |
$79,000 | $447,000 |
| Loan Purchased By The Institution |
40 | $3,173,000 |
$79,000 | $250,000 |
$72,000 | $447,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
12 | $1,463,000 |
$121,000 | $476,000 |
$80,000 | $216,000 |
| Credit Application Incomplete |
3 | $167,000 |
$55,000 | $70,000 |
$39,000 | $44,000 |
| Credit History |
6 | $425,000 |
$70,000 | $150,000 |
$26,000 | $72,000 |
| Debt-To-Income Ratio |
6 | $279,000 |
$46,000 | $75,000 |
$73,000 | $219,000 |
| Employment History |
1 | $59,000 |
$59,000 | $59,000 |
$24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $396,000 |
$99,000 | $221,000 |
$67,000 | $148,000 |
| Unverifiable Information |
1 | $77,000 |
$77,000 | $77,000 |
$26,000 | $26,000 |
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