|
| Location |
Yancey County NC
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,016 |
| Total Amount of All Mortgage Loans Applied For | $174,540,000 |
| Average Mortgage Loan Amount Applied For | $171,000 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $94,000 |
| Highest Applicant Income | $4,279,000 |
|
|
|
| Home Improvement |
47 | $4,090,000 |
$87,000 | $338,000 |
$58,000 | $229,000 |
| Home Purchase |
260 | $51,913,000 |
$199,000 | $1,540,000 |
$134,000 | $4,279,000 |
| Refinancing |
709 | $118,537,000 |
$167,000 | $2,500,000 |
$81,000 | $3,566,000 |
|
| American Indian or Alaskan Native |
2 | $300,000 |
$150,000 | $268,000 |
$69,000 | $82,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $550,000 |
$78,000 | $133,000 |
$32,000 | $70,000 |
| Hispanic |
7 | $1,005,000 |
$143,000 | $611,000 |
$81,000 | $344,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $458,000 |
$229,000 | $233,000 |
$54,000 | $57,000 |
| Not applicable |
72 | $13,963,000 |
$193,000 | $417,000 |
$25,000 | $413,000 |
| Not Provided |
74 | $15,451,000 |
$208,000 | $2,500,000 |
$148,000 | $3,566,000 |
| White |
852 | $142,813,000 |
$167,000 | $1,540,000 |
$95,000 | $4,279,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
916 | $158,781,000 |
$173,000 | $2,500,000 |
$99,000 | $4,279,000 |
| FHA-insured (Federal Housing Administration) |
83 | $13,664,000 |
$164,000 | $302,000 |
$51,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
14 | $1,650,000 |
$117,000 | $148,000 |
$25,000 | $63,000 |
| VA-guaranteed (Veterans Administration) |
3 | $445,000 |
$148,000 | $157,000 |
$16,000 | $48,000 |
|
| Application Approved But Not Accepted |
61 | $7,505,000 |
$123,000 | $1,140,000 |
$90,000 | $790,000 |
| Application Denied By Financial Institution |
231 | $37,677,000 |
$163,000 | $1,170,000 |
$75,000 | $1,071,000 |
| Application Withdrawn By Applicant |
101 | $19,147,000 |
$189,000 | $2,500,000 |
$108,000 | $3,566,000 |
| File Closed For Incompleteness |
15 | $2,587,000 |
$172,000 | $417,000 |
$81,000 | $336,000 |
| Loan Originated |
479 | $82,384,000 |
$171,000 | $1,540,000 |
$106,000 | $4,279,000 |
| Loan Purchased By The Institution |
129 | $25,240,000 |
$195,000 | $417,000 |
$73,000 | $984,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
33 | $7,272,000 |
$220,000 | $1,170,000 |
$130,000 | $1,071,000 |
| Credit Application Incomplete |
8 | $994,000 |
$124,000 | $185,000 |
$72,000 | $144,000 |
| Credit History |
49 | $6,769,000 |
$138,000 | $695,000 |
$73,000 | $576,000 |
| Debt-To-Income Ratio |
32 | $4,776,000 |
$149,000 | $338,000 |
$54,000 | $300,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,121,000 |
$373,000 | $725,000 |
$124,000 | $258,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,646,000 |
$164,000 | $490,000 |
$85,000 | $265,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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