Logan County, ND Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 28 mortgage applications in Logan County, ND totaling $2.4 million, up 8% from 2010. The average application was for $85,000, and applicants reported an average income of $79,000. 43% of applications resulted in an originated loan and 25% were denied. The most active lender was Bank of America NA, with 5 applications, followed by First Community Credit Union and Wells Fargo Bank NA.

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Total Number of Mortgage Applications 28
Total Mortgage Loan Application Amount $2,392,000
Average Mortgage Loan Application Amount $85,000
Highest Mortgage Loan Application Amount $277,000
Average Applicant Income $79,000
Highest Applicant Income $569,000

Mortgage Company List for Lending in Logan County, ND for 2011

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,454,050,584,000 5 $ 568,000
First Community Credit Union
111 9TH ST SW
JAMESTOWN, ND 58401
* $ 336,791,000 5 $ 411,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,104,833,000,000 4 $ 348,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 137,000
Flagstar Bank NA

TROY, MI 49098
* $ 12,648,357,000 1 $ 95,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 1 $ 43,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,791,060,000,000 1 $ 82,000
BNC National Bank

BISMARCK, ND 58501
* $ 745,184,000 1 $ 20,000
Dakota Community Bank & Trust, NA
608 MAIN STREET
HEBRON, ND 58638
* $ 467,142,000 1 $ 41,000
Gate City Bank
500 2ND AVE N
FARGO, ND 58102
* $ 1,216,393,000 1 $ 41,000
Home Savings of America
35 E BROADWAY
LITTLE FALLS, MN 56345
* $ 457,501,000 1 $ 78,000
Bankwest, Inc.
420 S. PIERRE STREET, PO BOX 998
PIERRE, SD 57501
* $ 743,483,000 1 $ 35,000
Cornerstone Bank
2280 45TH STREET SOUTH
FARGO, ND 58104
* $ 267,002,000 1 $ 68,000
Unison Bank
PO BOX 2056
JAMESTOWN, ND 58401
* $ 218,633,000 1 $ 277,000
Signature Federal Credit Union
12 HERBERT ST.
ALEXANDRIA, VA 22305
* $ 271,648,000 1 $ 50,000

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

Mortgage Loan Application Detail Totals for Logan County, ND 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
Home Purchase 14 $1,197,000 $85,000 $277,000 $45,000 $144,000
Refinancing 13 $1,025,000 $78,000 $147,000 $112,000 $569,000
Home Improvement 1 $170,000 $170,000 $170,000 $120,000 $120,000

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 25 $2,246,000 $89,000 $277,000 $81,000 $569,000
Not Provided 3 $146,000 $48,000 $53,000 $60,000 $100,000
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
Not applicable 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) 16 $1,548,000 $96,000 $277,000 $103,000 $569,000
FHA-insured (Federal Housing Administration) 5 $319,000 $63,000 $98,000 $41,000 $47,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $237,000 $59,000 $82,000 $46,000 $59,000
VA-guaranteed (Veterans Administration) 3 $288,000 $96,000 $132,000 $58,000 $76,000

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 12 $1,100,000 $91,000 $277,000 $66,000 $183,000
Application Denied By Financial Institution 7 $749,000 $107,000 $250,000 $120,000 $569,000
Application Withdrawn By Applicant 3 $165,000 $55,000 $95,000 $49,000 $78,000
File Closed For Incompleteness 2 $94,000 $47,000 $53,000 $50,000 $59,000
Application Approved But Not Accepted 2 $118,000 $59,000 $83,000 $111,000 $144,000
Loan Purchased By The Institution 2 $166,000 $83,000 $98,000 $53,000 $59,000
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 2 $102,000 $51,000 $82,000 $32,000 $42,000
Debt-To-Income Ratio 1 $250,000 $250,000 $250,000 $17,000 $17,000
Collateral 1 $147,000 $147,000 $147,000 $569,000 $569,000
Credit Application Incomplete 1 $78,000 $78,000 $78,000 $75,000 $75,000
Insufficient Cash (Downpayment, Closing Cost) 1 $57,000 $57,000 $57,000 $42,000 $42,000
Other 1 $115,000 $115,000 $115,000 $76,000 $76,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 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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