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| Location |
Washington County MN
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 14,418 |
| Total Amount of All Mortgage Loans Applied For | $3,152,570,000 |
| Average Mortgage Loan Amount Applied For | $218,000 |
| Highest Mortgage Loan Amount Applied For | $29,700,000 |
| Average Applicant Income | $93,000 |
| Highest Applicant Income | $2,557,000 |
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| Home Improvement |
1,041 | $83,858,000 |
$80,000 | $1,950,000 |
$96,000 | $1,224,000 |
| Home Purchase |
5,401 | $1,244,752,000 |
$230,000 | $29,700,000 |
$91,000 | $2,557,000 |
| Refinancing |
7,976 | $1,823,960,000 |
$228,000 | $16,900,000 |
$94,000 | $2,470,000 |
|
| American Indian or Alaskan Native |
37 | $6,608,000 |
$178,000 | $417,000 |
$87,000 | $214,000 |
| Asian |
550 | $130,295,000 |
$236,000 | $1,350,000 |
$95,000 | $500,000 |
| Black or African American |
323 | $71,932,000 |
$222,000 | $700,000 |
$81,000 | $285,000 |
| Hispanic |
281 | $57,197,000 |
$203,000 | $500,000 |
$90,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
52 | $10,193,000 |
$196,000 | $417,000 |
$88,000 | $230,000 |
| Not applicable |
1,109 | $331,957,000 |
$299,000 | $29,700,000 |
$47,000 | $1,175,000 |
| Not Provided |
1,417 | $277,681,000 |
$195,000 | $2,200,000 |
$100,000 | $2,111,000 |
| White |
10,649 | $2,266,707,000 |
$212,000 | $2,400,000 |
$97,000 | $2,557,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,772 | $2,598,491,000 |
$220,000 | $29,700,000 |
$99,000 | $2,557,000 |
| FHA-insured (Federal Housing Administration) |
2,492 | $518,913,000 |
$208,000 | $674,000 |
$67,000 | $451,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $225,000 |
$225,000 | $225,000 |
$54,000 | $54,000 |
| VA-guaranteed (Veterans Administration) |
153 | $34,941,000 |
$228,000 | $417,000 |
$72,000 | $828,000 |
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| Application Approved But Not Accepted |
1,036 | $209,955,000 |
$202,000 | $1,300,000 |
$95,000 | $1,090,000 |
| Application Denied By Financial Institution |
2,413 | $524,816,000 |
$217,000 | $3,754,000 |
$88,000 | $1,712,000 |
| Application Withdrawn By Applicant |
1,320 | $291,984,000 |
$221,000 | $1,800,000 |
$98,000 | $962,000 |
| File Closed For Incompleteness |
366 | $79,665,000 |
$217,000 | $1,500,000 |
$111,000 | $1,500,000 |
| Loan Originated |
6,989 | $1,468,208,000 |
$210,000 | $16,900,000 |
$101,000 | $2,557,000 |
| Loan Purchased By The Institution |
2,294 | $577,942,000 |
$251,000 | $29,700,000 |
$66,000 | $2,111,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
605 | $139,037,000 |
$229,000 | $2,400,000 |
$105,000 | $1,712,000 |
| Credit Application Incomplete |
144 | $29,957,000 |
$208,000 | $650,000 |
$95,000 | $400,000 |
| Credit History |
294 | $49,721,000 |
$169,000 | $1,850,000 |
$83,000 | $735,000 |
| Debt-To-Income Ratio |
441 | $103,013,000 |
$233,000 | $2,200,000 |
$68,000 | $452,000 |
| Employment History |
25 | $6,442,000 |
$257,000 | $725,000 |
$87,000 | $291,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
25 | $11,052,000 |
$442,000 | $3,754,000 |
$111,000 | $401,000 |
| Mortgage Insurance Denied |
3 | $584,000 |
$194,000 | $315,000 |
$26,000 | $31,000 |
| Other |
165 | $40,441,000 |
$245,000 | $987,000 |
$101,000 | $600,000 |
| Unverifiable Information |
54 | $13,614,000 |
$252,000 | $1,000,000 |
$91,000 | $450,000 |
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