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| Location |
Otero County CO
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 749 |
| Total Amount of All Mortgage Loans Applied For | $62,741,000 |
| Average Mortgage Loan Amount Applied For | $83,000 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $48,000 |
| Highest Applicant Income | $289,000 |
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| Home Improvement |
73 | $2,464,000 |
$33,000 | $141,000 |
$50,000 | $141,000 |
| Home Purchase |
264 | $21,210,000 |
$80,000 | $309,000 |
$51,000 | $289,000 |
| Refinancing |
412 | $39,067,000 |
$94,000 | $950,000 |
$46,000 | $289,000 |
|
| American Indian or Alaskan Native |
5 | $590,000 |
$118,000 | $222,000 |
$56,000 | $98,000 |
| Asian |
4 | $203,000 |
$50,000 | $84,000 |
$80,000 | $102,000 |
| Black or African American |
7 | $829,000 |
$118,000 | $181,000 |
$64,000 | $144,000 |
| Hispanic |
187 | $13,567,000 |
$72,000 | $215,000 |
$45,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
58 | $7,256,000 |
$125,000 | $950,000 |
$12,000 | $126,000 |
| Not Provided |
54 | $4,465,000 |
$82,000 | $225,000 |
$41,000 | $208,000 |
| White |
434 | $35,831,000 |
$82,000 | $322,000 |
$54,000 | $289,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
547 | $41,713,000 |
$76,000 | $950,000 |
$52,000 | $289,000 |
| FHA-insured (Federal Housing Administration) |
167 | $17,608,000 |
$105,000 | $224,000 |
$40,000 | $149,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $861,000 |
$66,000 | $114,000 |
$20,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
22 | $2,559,000 |
$116,000 | $191,000 |
$39,000 | $128,000 |
|
| Application Approved But Not Accepted |
35 | $2,845,000 |
$81,000 | $309,000 |
$51,000 | $150,000 |
| Application Denied By Financial Institution |
227 | $17,800,000 |
$78,000 | $950,000 |
$49,000 | $266,000 |
| Application Withdrawn By Applicant |
68 | $6,528,000 |
$96,000 | $309,000 |
$45,000 | $142,000 |
| File Closed For Incompleteness |
12 | $1,000,000 |
$83,000 | $190,000 |
$60,000 | $194,000 |
| Loan Originated |
295 | $22,543,000 |
$76,000 | $322,000 |
$54,000 | $289,000 |
| Loan Purchased By The Institution |
112 | $12,025,000 |
$107,000 | $225,000 |
$30,000 | $137,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
37 | $2,991,000 |
$80,000 | $200,000 |
$58,000 | $150,000 |
| Credit Application Incomplete |
8 | $826,000 |
$103,000 | $280,000 |
$73,000 | $266,000 |
| Credit History |
38 | $2,460,000 |
$64,000 | $212,000 |
$48,000 | $120,000 |
| Debt-To-Income Ratio |
20 | $1,438,000 |
$71,000 | $263,000 |
$38,000 | $75,000 |
| Employment History |
1 | $43,000 |
$43,000 | $43,000 |
$36,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $192,000 |
$64,000 | $140,000 |
$40,000 | $42,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $1,255,000 |
$83,000 | $270,000 |
$52,000 | $100,000 |
| Unverifiable Information |
2 | $81,000 |
$40,000 | $59,000 |
$63,000 | $81,000 |
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