Broadwater County, MT Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 154 mortgage applications in Broadwater County, MT totaling $28.7 million, down 32% from 2010. The average application was for $186,000, and applicants reported an average income of $63,000. 50% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank NA, with 42 applications, followed by Bank of America NA and Mountain West Bank, N.A..

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Total Number of Mortgage Applications 154
Total Mortgage Loan Application Amount $28,724,000
Average Mortgage Loan Application Amount $186,000
Highest Mortgage Loan Application Amount $1,200,000
Average Applicant Income $63,000
Highest Applicant Income $360,000
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Top Mortgage Lenders in Broadwater County, MT (2011)

Ranked by the number of mortgage applications each lender reported in Broadwater County, MT in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
42 $6,944,000 $165,000 $80,000
2 Bank of America NA
Westlake Village, CA
22 $3,642,000 $165,000 $73,000
3 Mountain West Bank, N.A.
Helena, MT
8 $1,532,000 $191,000 $78,000
4 First Interstate Bank
Billings, MT
6 $993,000 $165,000 $48,000
5 PHH Mortgage Corporation
West Palm Beach, FL
6 $1,428,000 $238,000 $74,000
6 JPMorgan Chase Bank, NA
Columbus, OH
5 $745,000 $149,000 $28,000
7 US Bank, N.A.
Cincinnati, OH
5 $748,000 $149,000 $26,000
8 Ally Bank
Charlotte, NC
5 $1,182,000 $236,000 $50,000
9 Gmac Mortgage, LLC
Ft. Washington, PA
4 $922,000 $230,000 $0
10 Stockman Bank of Montana
Miles City, MT
4 $632,000 $158,000 $72,000

See every lender active in Broadwater County, MT in 2011 »

The tables below break down 2011 mortgage applications in Broadwater County, MT by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Broadwater County, MT in 2011

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 113 $21,910,000 $193,000 $1,200,000 $61,000 $360,000
Home Purchase 34 $6,185,000 $181,000 $360,000 $60,000 $153,000
Home Improvement 7 $629,000 $89,000 $163,000 $91,000 $150,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 128 $21,819,000 $170,000 $417,000 $70,000 $360,000
Not applicable 17 $5,278,000 $310,000 $1,200,000 $0 $0
Not Provided 9 $1,627,000 $180,000 $255,000 $72,000 $178,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 104 $19,784,000 $190,000 $1,200,000 $71,000 $360,000
FHA-insured (Federal Housing Administration) 31 $5,110,000 $164,000 $267,000 $49,000 $133,000
VA-guaranteed (Veterans Administration) 17 $3,547,000 $208,000 $360,000 $38,000 $126,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $283,000 $141,000 $189,000 $31,000 $63,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 77 $14,866,000 $193,000 $1,200,000 $71,000 $360,000
Loan Purchased By The Institution 34 $6,907,000 $203,000 $396,000 $45,000 $177,000
Application Denied By Financial Institution 29 $4,187,000 $144,000 $258,000 $56,000 $200,000
Application Withdrawn By Applicant 8 $1,539,000 $192,000 $360,000 $61,000 $126,000
File Closed For Incompleteness 4 $860,000 $215,000 $246,000 $94,000 $148,000
Application Approved But Not Accepted 2 $365,000 $182,000 $225,000 $59,000 $83,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 8 $1,244,000 $155,000 $240,000 $63,000 $133,000
Collateral 7 $1,170,000 $167,000 $258,000 $39,000 $100,000
Other 4 $547,000 $136,000 $149,000 $76,000 $200,000
Insufficient Cash (Downpayment, Closing Cost) 1 $140,000 $140,000 $140,000 $36,000 $36,000
Credit Application Incomplete 1 $74,000 $74,000 $74,000 $29,000 $29,000
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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