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| Location |
Shelby County IA
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 459 |
| Total Amount of All Mortgage Loans Applied For | $44,560,000 |
| Average Mortgage Loan Amount Applied For | $97,000 |
| Highest Mortgage Loan Amount Applied For | $930,000 |
| Average Applicant Income | $64,000 |
| Highest Applicant Income | $780,000 |
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| Home Improvement |
64 | $2,419,000 |
$37,000 | $176,000 |
$54,000 | $148,000 |
| Home Purchase |
142 | $14,332,000 |
$100,000 | $800,000 |
$57,000 | $255,000 |
| Refinancing |
253 | $27,809,000 |
$109,000 | $930,000 |
$71,000 | $780,000 |
|
| American Indian or Alaskan Native |
1 | $64,000 |
$64,000 | $64,000 |
$69,000 | $69,000 |
| Asian |
2 | $23,000 |
$11,000 | $13,000 |
$42,000 | $52,000 |
| Black or African American |
4 | $150,000 |
$37,000 | $58,000 |
$40,000 | $49,000 |
| Hispanic |
2 | $149,000 |
$74,000 | $88,000 |
$36,000 | $39,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $3,141,000 |
$157,000 | $930,000 |
$29,000 | $77,000 |
| Not Provided |
33 | $1,920,000 |
$58,000 | $215,000 |
$58,000 | $118,000 |
| White |
397 | $39,113,000 |
$98,000 | $834,000 |
$67,000 | $780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
386 | $37,675,000 |
$97,000 | $930,000 |
$64,000 | $756,000 |
| FHA-insured (Federal Housing Administration) |
56 | $5,838,000 |
$104,000 | $255,000 |
$74,000 | $780,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $775,000 |
$59,000 | $122,000 |
$29,000 | $57,000 |
| VA-guaranteed (Veterans Administration) |
4 | $272,000 |
$68,000 | $91,000 |
$35,000 | $76,000 |
|
| Application Approved But Not Accepted |
20 | $1,595,000 |
$79,000 | $171,000 |
$53,000 | $108,000 |
| Application Denied By Financial Institution |
104 | $8,612,000 |
$82,000 | $320,000 |
$57,000 | $220,000 |
| Application Withdrawn By Applicant |
29 | $3,779,000 |
$130,000 | $800,000 |
$96,000 | $780,000 |
| File Closed For Incompleteness |
8 | $778,000 |
$97,000 | $162,000 |
$151,000 | $756,000 |
| Loan Originated |
255 | $25,825,000 |
$101,000 | $930,000 |
$65,000 | $255,000 |
| Loan Purchased By The Institution |
43 | $3,971,000 |
$92,000 | $286,000 |
$45,000 | $127,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
20 | $2,132,000 |
$106,000 | $258,000 |
$62,000 | $150,000 |
| Credit Application Incomplete |
6 | $696,000 |
$116,000 | $259,000 |
$60,000 | $94,000 |
| Credit History |
27 | $1,156,000 |
$42,000 | $124,000 |
$50,000 | $192,000 |
| Debt-To-Income Ratio |
11 | $699,000 |
$63,000 | $159,000 |
$38,000 | $76,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $174,000 |
$87,000 | $110,000 |
$61,000 | $69,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $300,000 |
$100,000 | $127,000 |
$51,000 | $75,000 |
| Unverifiable Information |
2 | $187,000 |
$93,000 | $116,000 |
$44,000 | $56,000 |
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