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| Location |
Somervell County TX
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 341 |
| Total Amount of All Mortgage Loans Applied For | $53,635,000 |
| Average Mortgage Loan Amount Applied For | $157,000 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $90,000 |
| Highest Applicant Income | $1,500,000 |
|
|
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| Home Improvement |
31 | $1,870,000 |
$60,000 | $350,000 |
$91,000 | $360,000 |
| Home Purchase |
142 | $21,918,000 |
$154,000 | $371,000 |
$85,000 | $963,000 |
| Refinancing |
168 | $29,847,000 |
$177,000 | $417,000 |
$95,000 | $1,500,000 |
|
| American Indian or Alaskan Native |
8 | $1,134,000 |
$141,000 | $288,000 |
$83,000 | $203,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
22 | $2,474,000 |
$112,000 | $174,000 |
$65,000 | $226,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
50 | $9,494,000 |
$189,000 | $416,000 |
$30,000 | $285,000 |
| Not Provided |
21 | $2,819,000 |
$134,000 | $312,000 |
$75,000 | $171,000 |
| White |
240 | $37,714,000 |
$157,000 | $417,000 |
$106,000 | $1,500,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
261 | $42,080,000 |
$161,000 | $417,000 |
$105,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
65 | $9,612,000 |
$147,000 | $274,000 |
$44,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
14 | $1,631,000 |
$116,000 | $180,000 |
$23,000 | $68,000 |
| VA-guaranteed (Veterans Administration) |
1 | $312,000 |
$312,000 | $312,000 |
$98,000 | $98,000 |
|
| Application Approved But Not Accepted |
17 | $2,470,000 |
$145,000 | $309,000 |
$92,000 | $250,000 |
| Application Denied By Financial Institution |
64 | $7,735,000 |
$120,000 | $417,000 |
$71,000 | $360,000 |
| Application Withdrawn By Applicant |
24 | $3,941,000 |
$164,000 | $323,000 |
$143,000 | $1,500,000 |
| File Closed For Incompleteness |
6 | $894,000 |
$149,000 | $290,000 |
$132,000 | $336,000 |
| Loan Originated |
132 | $22,128,000 |
$167,000 | $416,000 |
$110,000 | $963,000 |
| Loan Purchased By The Institution |
98 | $16,467,000 |
$168,000 | $416,000 |
$60,000 | $963,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
9 | $837,000 |
$93,000 | $299,000 |
$81,000 | $177,000 |
| Credit Application Incomplete |
7 | $1,399,000 |
$199,000 | $417,000 |
$115,000 | $360,000 |
| Credit History |
15 | $1,583,000 |
$105,000 | $320,000 |
$51,000 | $120,000 |
| Debt-To-Income Ratio |
11 | $1,476,000 |
$134,000 | $312,000 |
$78,000 | $109,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $528,000 |
$132,000 | $250,000 |
$106,000 | $171,000 |
| Unverifiable Information |
2 | $359,000 |
$179,000 | $267,000 |
$17,000 | $35,000 |
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