|
| Location |
Patillas County PR
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 596 |
| Total Amount of All Mortgage Loans Applied For | $40,669,000 |
| Average Mortgage Loan Amount Applied For | $68,000 |
| Highest Mortgage Loan Amount Applied For | $1,244,000 |
| Average Applicant Income | $46,000 |
| Highest Applicant Income | $3,526,000 |
|
|
|
| Home Improvement |
188 | $4,833,000 |
$25,000 | $238,000 |
$30,000 | $220,000 |
| Home Purchase |
284 | $21,856,000 |
$76,000 | $329,000 |
$57,000 | $3,526,000 |
| Refinancing |
124 | $13,980,000 |
$112,000 | $1,244,000 |
$45,000 | $459,000 |
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $210,000 |
$105,000 | $105,000 |
$69,000 | $76,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
509 | $33,938,000 |
$66,000 | $1,244,000 |
$44,000 | $3,526,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
73 | $5,512,000 |
$75,000 | $233,000 |
$61,000 | $3,526,000 |
| Not Provided |
7 | $205,000 |
$29,000 | $109,000 |
$43,000 | $108,000 |
| White |
5 | $804,000 |
$160,000 | $329,000 |
$61,000 | $142,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
363 | $23,265,000 |
$64,000 | $1,244,000 |
$61,000 | $3,526,000 |
| FHA-insured (Federal Housing Administration) |
158 | $12,261,000 |
$77,000 | $233,000 |
$26,000 | $109,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
74 | $5,028,000 |
$67,000 | $148,000 |
$20,000 | $120,000 |
| VA-guaranteed (Veterans Administration) |
1 | $115,000 |
$115,000 | $115,000 |
$43,000 | $43,000 |
|
| Application Approved But Not Accepted |
30 | $2,169,000 |
$72,000 | $184,000 |
$63,000 | $320,000 |
| Application Denied By Financial Institution |
154 | $7,598,000 |
$49,000 | $225,000 |
$31,000 | $845,000 |
| Application Withdrawn By Applicant |
57 | $5,841,000 |
$102,000 | $650,000 |
$45,000 | $161,000 |
| File Closed For Incompleteness |
20 | $1,585,000 |
$79,000 | $215,000 |
$44,000 | $108,000 |
| Loan Originated |
255 | $16,157,000 |
$63,000 | $1,244,000 |
$49,000 | $3,526,000 |
| Loan Purchased By The Institution |
80 | $7,319,000 |
$91,000 | $1,244,000 |
$64,000 | $3,526,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
6 | $406,000 |
$67,000 | $125,000 |
$161,000 | $845,000 |
| Credit Application Incomplete |
2 | $132,000 |
$66,000 | $72,000 |
$17,000 | $22,000 |
| Credit History |
24 | $1,443,000 |
$60,000 | $184,000 |
$27,000 | $64,000 |
| Debt-To-Income Ratio |
13 | $1,001,000 |
$77,000 | $193,000 |
$26,000 | $63,000 |
| Employment History |
1 | $83,000 |
$83,000 | $83,000 |
$35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $80,000 |
$26,000 | $73,000 |
$27,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $178,000 |
$35,000 | $73,000 |
$17,000 | $28,000 |
| Unverifiable Information |
1 | $64,000 |
$64,000 | $64,000 |
$18,000 | $18,000 |
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