|
| Location |
Vance County NC
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Applications | 2,188 |
| Total Amount of All Mortgage Loans Applied For | $228,491,000 |
| Average Mortgage Loan Amount Applied For | $104,000 |
| Highest Mortgage Loan Amount Applied For | $782,000 |
| Average Applicant Income | $62,000 |
| Highest Applicant Income | $4,142,000 |
|
|
|
| Home Improvement |
214 | $12,655,000 |
$59,000 | $782,000 |
$61,000 | $794,000 |
| Home Purchase |
690 | $74,211,000 |
$107,000 | $500,000 |
$62,000 | $4,142,000 |
| Refinancing |
1,284 | $141,625,000 |
$110,000 | $717,000 |
$63,000 | $773,000 |
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|
| American Indian or Alaskan Native |
5 | $721,000 |
$144,000 | $241,000 |
$43,000 | $58,000 |
| Asian |
8 | $724,000 |
$90,000 | $190,000 |
$50,000 | $84,000 |
| Black or African American |
707 | $63,432,000 |
$89,000 | $481,000 |
$57,000 | $4,142,000 |
| Hispanic |
53 | $4,055,000 |
$76,000 | $225,000 |
$37,000 | $147,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $89,000 |
$89,000 | $89,000 |
$21,000 | $21,000 |
| Not applicable |
136 | $14,124,000 |
$103,000 | $417,000 |
$14,000 | $174,000 |
| Not Provided |
266 | $30,490,000 |
$114,000 | $407,000 |
$63,000 | $569,000 |
| White |
1,012 | $114,856,000 |
$113,000 | $782,000 |
$73,000 | $794,000 |
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|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,935 | $201,278,000 |
$104,000 | $782,000 |
$65,000 | $4,142,000 |
| FHA-insured (Federal Housing Administration) |
220 | $22,981,000 |
$104,000 | $203,000 |
$39,000 | $128,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $1,057,000 |
$117,000 | $163,000 |
$36,000 | $61,000 |
| VA-guaranteed (Veterans Administration) |
24 | $3,175,000 |
$132,000 | $246,000 |
$36,000 | $82,000 |
|
|
| Application Approved But Not Accepted |
168 | $17,294,000 |
$102,000 | $500,000 |
$62,000 | $214,000 |
| Application Denied By Financial Institution |
721 | $69,249,000 |
$96,000 | $782,000 |
$61,000 | $4,142,000 |
| Application Withdrawn By Applicant |
261 | $29,453,000 |
$112,000 | $612,000 |
$66,000 | $773,000 |
| File Closed For Incompleteness |
42 | $6,095,000 |
$145,000 | $382,000 |
$63,000 | $220,000 |
| Loan Originated |
747 | $77,759,000 |
$104,000 | $717,000 |
$67,000 | $596,000 |
| Loan Purchased By The Institution |
249 | $28,641,000 |
$115,000 | $548,000 |
$47,000 | $552,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
85 | $8,272,000 |
$97,000 | $297,000 |
$62,000 | $188,000 |
| Credit Application Incomplete |
20 | $2,370,000 |
$118,000 | $289,000 |
$72,000 | $291,000 |
| Credit History |
126 | $10,148,000 |
$80,000 | $376,000 |
$54,000 | $556,000 |
| Debt-To-Income Ratio |
66 | $6,454,000 |
$97,000 | $441,000 |
$49,000 | $292,000 |
| Employment History |
4 | $636,000 |
$159,000 | $356,000 |
$48,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $428,000 |
$85,000 | $162,000 |
$25,000 | $45,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
72 | $7,912,000 |
$109,000 | $782,000 |
$64,000 | $794,000 |
| Unverifiable Information |
7 | $1,257,000 |
$179,000 | $620,000 |
$67,000 | $225,000 |
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