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
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Top Mortgage Lenders in Logan County, ND (2011)

Ranked by the number of mortgage applications each lender reported in Logan County, ND in 2011.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Bank of America NA
Westlake Village, CA
5 $568,000 $113,000 $163,000
2 First Community Credit Union
Jamestown, ND
5 $411,000 $82,000 $37,000
3 Wells Fargo Bank NA
Minneapolis, MN
4 $348,000 $87,000 $71,000
4 PHH Mortgage Corporation
West Palm Beach, FL
2 $137,000 $68,000 $58,000
5 Flagstar Bank NA
Troy, MI
1 $95,000 $95,000 $78,000
6 Embrace Home Loans, Inc.
Middletown, RI
1 $43,000 $43,000 $39,000
7 JPMorgan Chase Bank, NA
Columbus, OH
1 $82,000 $82,000 $42,000
8 BNC National Bank
Bismarck, ND
1 $20,000 $20,000 $23,000
9 Dakota Community Bank & Trust, NA
Hebron, ND
1 $41,000 $41,000 $26,000
10 Gate City Bank
Fargo, ND
1 $41,000 $41,000 $183,000

See every lender active in Logan County, ND in 2011 »

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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