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| Location |
Roscommon County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,499 |
| Total Amount of All Mortgage Loans Applied For | $159,817,000 |
| Average Mortgage Loan Amount Applied For | $106,000 |
| Highest Mortgage Loan Amount Applied For | $1,199,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $1,845,000 |
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| Home Improvement |
129 | $5,733,000 |
$44,000 | $251,000 |
$61,000 | $529,000 |
| Home Purchase |
409 | $37,349,000 |
$91,000 | $448,000 |
$81,000 | $1,158,000 |
| Refinancing |
961 | $116,735,000 |
$121,000 | $1,199,000 |
$68,000 | $1,845,000 |
|
| American Indian or Alaskan Native |
5 | $735,000 |
$147,000 | $417,000 |
$145,000 | $500,000 |
| Asian |
2 | $170,000 |
$85,000 | $135,000 |
$37,000 | $45,000 |
| Black or African American |
5 | $856,000 |
$171,000 | $201,000 |
$93,000 | $207,000 |
| Hispanic |
13 | $1,191,000 |
$91,000 | $156,000 |
$61,000 | $107,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $221,000 |
$221,000 | $221,000 |
$190,000 | $190,000 |
| Not applicable |
90 | $10,538,000 |
$117,000 | $417,000 |
$16,000 | $327,000 |
| Not Provided |
122 | $12,616,000 |
$103,000 | $417,000 |
$85,000 | $1,158,000 |
| White |
1,261 | $133,490,000 |
$105,000 | $1,199,000 |
$73,000 | $1,845,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,193 | $130,599,000 |
$109,000 | $1,199,000 |
$80,000 | $1,845,000 |
| FHA-insured (Federal Housing Administration) |
270 | $26,352,000 |
$97,000 | $274,000 |
$38,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
29 | $1,996,000 |
$68,000 | $137,000 |
$27,000 | $57,000 |
| VA-guaranteed (Veterans Administration) |
7 | $870,000 |
$124,000 | $192,000 |
$54,000 | $80,000 |
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| Application Approved But Not Accepted |
73 | $7,788,000 |
$106,000 | $417,000 |
$78,000 | $428,000 |
| Application Denied By Financial Institution |
423 | $41,576,000 |
$98,000 | $1,199,000 |
$60,000 | $870,000 |
| Application Withdrawn By Applicant |
112 | $12,167,000 |
$108,000 | $415,000 |
$63,000 | $360,000 |
| File Closed For Incompleteness |
18 | $3,007,000 |
$167,000 | $950,000 |
$60,000 | $159,000 |
| Loan Originated |
663 | $70,900,000 |
$106,000 | $641,000 |
$89,000 | $1,845,000 |
| Loan Purchased By The Institution |
210 | $24,379,000 |
$116,000 | $417,000 |
$40,000 | $816,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
106 | $12,120,000 |
$114,000 | $417,000 |
$84,000 | $870,000 |
| Credit Application Incomplete |
30 | $3,093,000 |
$103,000 | $456,000 |
$59,000 | $180,000 |
| Credit History |
64 | $3,661,000 |
$57,000 | $417,000 |
$42,000 | $138,000 |
| Debt-To-Income Ratio |
59 | $6,737,000 |
$114,000 | $380,000 |
$42,000 | $114,000 |
| Employment History |
1 | $50,000 |
$50,000 | $50,000 |
$36,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $230,000 |
$115,000 | $140,000 |
$112,000 | $171,000 |
| Mortgage Insurance Denied |
1 | $54,000 |
$54,000 | $54,000 |
$71,000 | $71,000 |
| Other |
22 | $2,997,000 |
$136,000 | $1,199,000 |
$91,000 | $400,000 |
| Unverifiable Information |
8 | $741,000 |
$92,000 | $171,000 |
$97,000 | $228,000 |
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