|
| Location |
Polk County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,467 |
| Total Amount of All Mortgage Loans Applied For | $147,529,000 |
| Average Mortgage Loan Amount Applied For | $100,000 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $840,000 |
|
|
|
| Home Improvement |
196 | $7,622,000 |
$38,000 | $384,000 |
$60,000 | $712,000 |
| Home Purchase |
473 | $51,980,000 |
$109,000 | $450,000 |
$52,000 | $325,000 |
| Refinancing |
798 | $87,927,000 |
$110,000 | $1,000,000 |
$63,000 | $840,000 |
|
| American Indian or Alaskan Native |
6 | $285,000 |
$47,000 | $100,000 |
$50,000 | $72,000 |
| Asian |
3 | $456,000 |
$152,000 | $266,000 |
$136,000 | $325,000 |
| Black or African American |
1 | $44,000 |
$44,000 | $44,000 |
$49,000 | $49,000 |
| Hispanic |
23 | $1,229,000 |
$53,000 | $201,000 |
$40,000 | $64,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
149 | $20,533,000 |
$137,000 | $1,000,000 |
$30,000 | $513,000 |
| Not Provided |
73 | $8,666,000 |
$118,000 | $420,000 |
$60,000 | $180,000 |
| White |
1,212 | $116,316,000 |
$95,000 | $417,000 |
$63,000 | $840,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,167 | $110,763,000 |
$94,000 | $1,000,000 |
$63,000 | $840,000 |
| FHA-insured (Federal Housing Administration) |
228 | $27,787,000 |
$121,000 | $276,000 |
$49,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
43 | $3,788,000 |
$88,000 | $169,000 |
$20,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
29 | $5,191,000 |
$179,000 | $378,000 |
$53,000 | $107,000 |
|
| Application Approved But Not Accepted |
52 | $5,746,000 |
$110,000 | $250,000 |
$74,000 | $840,000 |
| Application Denied By Financial Institution |
227 | $20,572,000 |
$90,000 | $385,000 |
$53,000 | $220,000 |
| Application Withdrawn By Applicant |
108 | $12,611,000 |
$116,000 | $300,000 |
$60,000 | $192,000 |
| File Closed For Incompleteness |
23 | $3,143,000 |
$136,000 | $384,000 |
$61,000 | $137,000 |
| Loan Originated |
825 | $76,807,000 |
$93,000 | $1,000,000 |
$64,000 | $712,000 |
| Loan Purchased By The Institution |
232 | $28,650,000 |
$123,000 | $378,000 |
$47,000 | $514,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
29 | $3,282,000 |
$113,000 | $248,000 |
$67,000 | $220,000 |
| Credit Application Incomplete |
9 | $1,081,000 |
$120,000 | $226,000 |
$63,000 | $116,000 |
| Credit History |
53 | $3,624,000 |
$68,000 | $385,000 |
$50,000 | $93,000 |
| Debt-To-Income Ratio |
31 | $2,871,000 |
$92,000 | $276,000 |
$40,000 | $87,000 |
| Employment History |
2 | $176,000 |
$88,000 | $151,000 |
$55,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $156,000 |
$156,000 | $156,000 |
$75,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $995,000 |
$90,000 | $170,000 |
$61,000 | $101,000 |
| Unverifiable Information |
3 | $328,000 |
$109,000 | $160,000 |
$48,000 | $89,000 |
|
|