|
| Location |
Waseca County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 815 |
| Total Amount of All Mortgage Loans Applied For | $98,148,000 |
| Average Mortgage Loan Amount Applied For | $120,000 |
| Highest Mortgage Loan Amount Applied For | $625,000 |
| Average Applicant Income | $63,000 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
98 | $3,968,000 |
$40,000 | $290,000 |
$77,000 | $555,000 |
| Home Purchase |
238 | $29,915,000 |
$125,000 | $608,000 |
$55,000 | $314,000 |
| Refinancing |
479 | $64,265,000 |
$134,000 | $625,000 |
$64,000 | $2,000,000 |
|
| American Indian or Alaskan Native |
3 | $498,000 |
$166,000 | $271,000 |
$53,000 | $101,000 |
| Asian |
3 | $524,000 |
$174,000 | $308,000 |
$44,000 | $57,000 |
| Black or African American |
4 | $943,000 |
$235,000 | $295,000 |
$276,000 | $696,000 |
| Hispanic |
16 | $1,891,000 |
$118,000 | $232,000 |
$57,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
44 | $5,194,000 |
$118,000 | $235,000 |
$20,000 | $99,000 |
| Not Provided |
56 | $6,951,000 |
$124,000 | $302,000 |
$59,000 | $314,000 |
| White |
689 | $82,147,000 |
$119,000 | $625,000 |
$65,000 | $2,000,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
581 | $67,561,000 |
$116,000 | $625,000 |
$71,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) |
178 | $24,057,000 |
$135,000 | $275,000 |
$46,000 | $117,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
44 | $4,661,000 |
$105,000 | $206,000 |
$36,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
12 | $1,869,000 |
$155,000 | $285,000 |
$34,000 | $67,000 |
|
| Application Approved But Not Accepted |
39 | $5,134,000 |
$131,000 | $608,000 |
$75,000 | $199,000 |
| Application Denied By Financial Institution |
212 | $26,030,000 |
$122,000 | $427,000 |
$61,000 | $696,000 |
| Application Withdrawn By Applicant |
62 | $8,472,000 |
$136,000 | $302,000 |
$92,000 | $2,000,000 |
| File Closed For Incompleteness |
17 | $1,921,000 |
$113,000 | $206,000 |
$49,000 | $105,000 |
| Loan Originated |
399 | $45,870,000 |
$114,000 | $625,000 |
$65,000 | $532,000 |
| Loan Purchased By The Institution |
86 | $10,721,000 |
$124,000 | $235,000 |
$35,000 | $150,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
36 | $4,541,000 |
$126,000 | $282,000 |
$59,000 | $127,000 |
| Credit Application Incomplete |
5 | $443,000 |
$88,000 | $131,000 |
$37,000 | $61,000 |
| Credit History |
43 | $3,945,000 |
$91,000 | $236,000 |
$59,000 | $450,000 |
| Debt-To-Income Ratio |
28 | $3,745,000 |
$133,000 | $308,000 |
$43,000 | $216,000 |
| Employment History |
1 | $120,000 |
$120,000 | $120,000 |
$42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,022,000 |
$127,000 | $196,000 |
$48,000 | $72,000 |
| Unverifiable Information |
4 | $721,000 |
$180,000 | $275,000 |
$57,000 | $70,000 |
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