|
| Location |
Ontonagon County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 171 |
| Total Amount of All Mortgage Loans Applied For | $14,307,000 |
| Average Mortgage Loan Amount Applied For | $83,000 |
| Highest Mortgage Loan Amount Applied For | $350,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $1,200,000 |
|
|
|
| Home Improvement |
25 | $1,289,000 |
$51,000 | $220,000 |
$60,000 | $180,000 |
| Home Purchase |
41 | $2,627,000 |
$64,000 | $239,000 |
$66,000 | $237,000 |
| Refinancing |
105 | $10,391,000 |
$98,000 | $350,000 |
$77,000 | $1,200,000 |
|
| American Indian or Alaskan Native |
1 | $243,000 |
$243,000 | $243,000 |
$143,000 | $143,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
6 | $366,000 |
$61,000 | $89,000 |
$49,000 | $67,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $529,000 |
$88,000 | $195,000 |
$19,000 | $97,000 |
| Not Provided |
13 | $1,160,000 |
$89,000 | $239,000 |
$76,000 | $132,000 |
| White |
145 | $12,009,000 |
$82,000 | $350,000 |
$74,000 | $1,200,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
135 | $11,588,000 |
$85,000 | $350,000 |
$79,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
30 | $2,310,000 |
$77,000 | $222,000 |
$47,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $88,000 |
$88,000 | $88,000 |
$46,000 | $46,000 |
| VA-guaranteed (Veterans Administration) |
5 | $321,000 |
$64,000 | $93,000 |
$43,000 | $61,000 |
|
| Application Approved But Not Accepted |
12 | $655,000 |
$54,000 | $128,000 |
$51,000 | $168,000 |
| Application Denied By Financial Institution |
40 | $3,200,000 |
$80,000 | $243,000 |
$82,000 | $1,200,000 |
| Application Withdrawn By Applicant |
14 | $1,223,000 |
$87,000 | $239,000 |
$59,000 | $115,000 |
| File Closed For Incompleteness |
3 | $201,000 |
$67,000 | $107,000 |
$51,000 | $76,000 |
| Loan Originated |
75 | $6,409,000 |
$85,000 | $350,000 |
$80,000 | $667,000 |
| Loan Purchased By The Institution |
27 | $2,619,000 |
$97,000 | $226,000 |
$52,000 | $156,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
8 | $790,000 |
$98,000 | $243,000 |
$61,000 | $143,000 |
| Credit Application Incomplete |
3 | $199,000 |
$66,000 | $93,000 |
$38,000 | $77,000 |
| Credit History |
8 | $350,000 |
$43,000 | $122,000 |
$42,000 | $132,000 |
| Debt-To-Income Ratio |
3 | $316,000 |
$105,000 | $194,000 |
$31,000 | $46,000 |
| 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 |
1 | $93,000 |
$93,000 | $93,000 |
$40,000 | $40,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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