Logan County, ND Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 28 mortgage applications in Logan County, ND totaling $2.3 million, down 32% from 2008. The average application was for $80,000, and applicants reported an average income of $79,000. 57% of applications resulted in an originated loan and 25% were denied. The most active lender was First Community Credit Union, with 7 applications, followed by Wells Fargo Bank, NA and Northland Financial.

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Total Number of Mortgage Applications 28
Total Mortgage Loan Application Amount $2,259,000
Average Mortgage Loan Application Amount $80,000
Highest Mortgage Loan Application Amount $255,000
Average Applicant Income $79,000
Highest Applicant Income $566,000
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Top Mortgage Lenders in Logan County, ND (2009)

Ranked by the number of mortgage applications each lender reported in Logan County, ND in 2009.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 First Community Credit Union
Jamestown, ND
7 $445,000 $63,000 $104,000
2 Wells Fargo Bank, NA
Des Moines, IA
4 $240,000 $60,000 $29,000
3 Northland Financial
Steele, ND
2 $255,000 $127,000 $100,000
4 Gate City Bank
Fargo, ND
2 $71,000 $35,000 $38,000
5 Embrace Home Loans, Inc.
Middletown, RI
2 $103,000 $51,000 $22,000
6 JPMorgan Chase Bank, NA
Columbus, OH
2 $40,000 $20,000 $67,000
7 Lendsource Inc
Minnetonka, MN
2 $200,000 $100,000 $42,000
8 1st Advantage Mortgage
Lombard, IL
1 $202,000 $202,000 $0
9 PHH Mortgage Corporation
West Palm Beach, FL
1 $90,000 $90,000 $120,000
10 Flagstar Bank
Troy, MI
1 $52,000 $52,000 $42,000

See every lender active in Logan County, ND in 2009 »

The tables below break down 2009 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 2009

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 14 $1,272,000 $90,000 $255,000 $67,000 $566,000
Home Purchase 10 $801,000 $80,000 $244,000 $85,000 $240,000
Home Improvement 4 $186,000 $46,000 $95,000 $104,000 $204,000

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 26 $2,136,000 $82,000 $255,000 $78,000 $566,000
Not Provided 2 $123,000 $61,000 $90,000 $93,000 $120,000
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) 18 $1,270,000 $70,000 $255,000 $107,000 $566,000
FHA-insured (Federal Housing Administration) 7 $807,000 $115,000 $202,000 $25,000 $48,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $121,000 $60,000 $61,000 $31,000 $34,000
VA-guaranteed (Veterans Administration) 1 $61,000 $61,000 $61,000 $50,000 $50,000

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 16 $1,515,000 $94,000 $255,000 $112,000 $566,000
Application Denied By Financial Institution 7 $545,000 $77,000 $202,000 $35,000 $67,000
Application Withdrawn By Applicant 2 $111,000 $55,000 $72,000 $40,000 $45,000
Application Approved But Not Accepted 2 $42,000 $21,000 $22,000 $33,000 $67,000
File Closed For Incompleteness 1 $46,000 $46,000 $46,000 $33,000 $33,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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
Other 2 $72,000 $36,000 $52,000 $52,000 $67,000
Debt-To-Income Ratio 1 $10,000 $10,000 $10,000 $26,000 $26,000
Employment History 1 $61,000 $61,000 $61,000 $34,000 $34,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit 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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