|
| Location |
St. Clair County MI
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 7,901 |
| Total Amount of All Mortgage Loans Applied For | $965,944,000 |
| Average Mortgage Loan Amount Applied For | $122,000 |
| Highest Mortgage Loan Amount Applied For | $3,200,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $1,320,000 |
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| Home Improvement |
714 | $28,859,000 |
$40,000 | $3,200,000 |
$59,000 | $645,000 |
| Home Purchase |
2,374 | $263,064,000 |
$110,000 | $1,100,000 |
$58,000 | $1,172,000 |
| Refinancing |
4,813 | $674,021,000 |
$140,000 | $1,700,000 |
$60,000 | $1,320,000 |
|
| American Indian or Alaskan Native |
28 | $2,811,000 |
$100,000 | $239,000 |
$59,000 | $120,000 |
| Asian |
12 | $3,187,000 |
$265,000 | $417,000 |
$215,000 | $621,000 |
| Black or African American |
107 | $14,713,000 |
$137,000 | $3,200,000 |
$51,000 | $624,000 |
| Hispanic |
90 | $8,988,000 |
$99,000 | $255,000 |
$53,000 | $212,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $266,000 |
$88,000 | $176,000 |
$61,000 | $93,000 |
| Not applicable |
470 | $72,168,000 |
$153,000 | $1,700,000 |
$18,000 | $342,000 |
| Not Provided |
476 | $58,518,000 |
$122,000 | $1,465,000 |
$59,000 | $600,000 |
| White |
6,715 | $805,293,000 |
$119,000 | $1,100,000 |
$62,000 | $1,320,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,561 | $661,065,000 |
$118,000 | $3,200,000 |
$65,000 | $1,320,000 |
| FHA-insured (Federal Housing Administration) |
2,164 | $281,921,000 |
$130,000 | $333,000 |
$46,000 | $1,172,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
109 | $11,913,000 |
$109,000 | $234,000 |
$33,000 | $84,000 |
| VA-guaranteed (Veterans Administration) |
67 | $11,045,000 |
$164,000 | $300,000 |
$44,000 | $112,000 |
|
| Application Approved But Not Accepted |
499 | $60,167,000 |
$120,000 | $900,000 |
$65,000 | $719,000 |
| Application Denied By Financial Institution |
1,849 | $219,577,000 |
$118,000 | $3,200,000 |
$59,000 | $840,000 |
| Application Withdrawn By Applicant |
532 | $68,034,000 |
$127,000 | $422,000 |
$61,000 | $408,000 |
| File Closed For Incompleteness |
302 | $42,632,000 |
$141,000 | $442,000 |
$69,000 | $504,000 |
| Loan Originated |
3,409 | $393,336,000 |
$115,000 | $1,125,000 |
$65,000 | $983,000 |
| Loan Purchased By The Institution |
1,309 | $182,184,000 |
$139,000 | $1,000,000 |
$37,000 | $1,320,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $14,000 |
$14,000 | $14,000 |
$20,000 | $20,000 |
|
| Collateral |
452 | $64,351,000 |
$142,000 | $1,465,000 |
$70,000 | $514,000 |
| Credit Application Incomplete |
92 | $12,945,000 |
$140,000 | $1,000,000 |
$67,000 | $288,000 |
| Credit History |
296 | $22,546,000 |
$76,000 | $550,000 |
$53,000 | $420,000 |
| Debt-To-Income Ratio |
187 | $24,825,000 |
$132,000 | $3,200,000 |
$48,000 | $624,000 |
| Employment History |
14 | $1,212,000 |
$86,000 | $164,000 |
$53,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
28 | $3,423,000 |
$122,000 | $203,000 |
$59,000 | $112,000 |
| Mortgage Insurance Denied |
4 | $1,081,000 |
$270,000 | $324,000 |
$78,000 | $120,000 |
| Other |
119 | $15,196,000 |
$127,000 | $320,000 |
$72,000 | $840,000 |
| Unverifiable Information |
28 | $3,605,000 |
$128,000 | $293,000 |
$77,000 | $250,000 |
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