Powder River County, MT Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 22 mortgage applications in Powder River County, MT totaling $6.3 million, down 35% from 2010. The average application was for $286,000, and applicants reported an average income of $98,000. 64% of applications resulted in an originated loan and 23% were denied. The most active lender was Stockman Bank of Montana, with 7 applications, followed by First Interstate Bank and Wells Fargo Bank NA.

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Total Number of Mortgage Applications 22
Total Mortgage Loan Application Amount $6,294,000
Average Mortgage Loan Application Amount $286,000
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $98,000
Highest Applicant Income $648,000

Mortgage Company List for Lending in Powder River County, MT 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
Stockman Bank of Montana
700 MAIN STREET
MILES CITY, MT 59301
* $ 2,009,048,000 7 $ 3,339,000
First Interstate Bank
PO BOX 30918
BILLINGS, MT 59116
* $ 7,473,004,000 4 $ 346,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,104,833,000,000 3 $ 280,000
Pioneer Bank & Trust
125 E COLORADO BLVD STE 1A
SPEARFISH, SD 57783
* $ 418,583,000 2 $ 1,597,000
Valley Financial Credit Union
PO BOX 20417
BILLINGS, MT 59102
* $ 157,504,000 1 $ 82,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,454,050,584,000 1 $ 63,000
US Bk NA Nd
4325 17TH AVENUE, S.W.
FARGO, ND 58103
* $ 5,955,059,000 1 $ 81,000
First Residential Mortgage
9721 ORMSBY STATION RD.
LOUISVILLE, KY 40223
* $ 10,000,000 1 $ 135,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ 10,000,000 1 $ 44,000
Agwest Farm Credit, Flca
2001 SOUTH FLINT ROAD
SPOKANE, WA 99224
* $ 4,658,882,000 1 $ 327,000

The tables below break down 2011 mortgage applications in Powder River 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 Powder River 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 14 $5,630,000 $402,000 $1,500,000 $119,000 $648,000
Home Purchase 6 $493,000 $82,000 $193,000 $61,000 $125,000
Home Improvement 2 $171,000 $85,000 $136,000 $57,000 $61,000

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 15 $2,377,000 $158,000 $940,000 $138,000 $648,000
Not applicable 6 $3,854,000 $642,000 $1,500,000 $0 $0
Hispanic 1 $63,000 $63,000 $63,000 $77,000 $77,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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
Not Provided 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) 19 $6,014,000 $316,000 $1,500,000 $106,000 $648,000
FHA-insured (Federal Housing Administration) 3 $280,000 $93,000 $193,000 $44,000 $52,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

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 14 $4,900,000 $350,000 $1,500,000 $84,000 $648,000
Application Denied By Financial Institution 5 $1,172,000 $234,000 $535,000 $168,000 $600,000
Application Approved But Not Accepted 2 $141,000 $70,000 $97,000 $43,000 $53,000
File Closed For Incompleteness 1 $81,000 $81,000 $81,000 $41,000 $41,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
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
Debt-To-Income Ratio 1 $327,000 $327,000 $327,000 $128,000 $128,000
Insufficient Cash (Downpayment, Closing Cost) 1 $39,000 $39,000 $39,000 $52,000 $52,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 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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