Prairie County, MT Mortgage Lenders & HMDA Data, 2016

In 2016, lenders reported 30 mortgage applications in Prairie County, MT totaling $3.9 million, down 27% from 2015. The average application was for $129,000, and applicants reported an average income of $55,000. 67% of applications resulted in an originated loan and 17% were denied. The most active lender was Stockman Bank of Montana, with 14 applications, followed by Wells Fargo Bank NA and Freedom Mortgage Corporation.

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Total Number of Mortgage Applications 30
Total Mortgage Loan Application Amount $3,875,000
Average Mortgage Loan Application Amount $129,000
Highest Mortgage Loan Application Amount $373,000
Average Applicant Income $55,000
Highest Applicant Income $218,000

Mortgage Company List for Lending in Prairie County, MT for 2016

* 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
* $ 3,203,045,000 14 $ 1,985,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,610,580,000,000 3 $ 364,000
Freedom Mortgage Corporation
10500 KINCAID DRIVE
FISHERS, IN 46037
* $ 10,000,000 2 $ 206,000
Suntrust Bank
P.O. BOX 4418, MAIL CODE 0663
ATLANTA, GA 30302
* $ 186,710,993,000 1 $ 40,000
American Bank of Freedom
127 WEST HUDSON
WELLSVILLE, MO 63384
* $ 166,835,000 1 $ 134,000
The Money Source Inc.
135 MAXESS ROAD
NEW YORK, NY 11747
* $ 10,000,000 1 $ 144,000
Premier Home Mortgage, Inc.
3024 TOWER RD
RAPID CITY, SD 57701
* $ 20,569,000 1 $ 134,000
Carrington Mortgage Services LLC
500 NORTH STATE COLLEGE BOULEVARD SUITES 1030, 1300 AND 1400
ORANGE, CA 92868
* $ 945,758,000 1 $ 144,000
Bay Equity LLC

DETROIT, MI 48226
* $ 12,210,000 1 $ 162,000
Flagstar Bank NA

TROY, MI 49098
* $ 13,649,486,000 1 $ 134,000

The tables below break down 2016 mortgage applications in Prairie 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 Prairie County, MT in 2016

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 $1,913,000 $136,000 $276,000 $61,000 $218,000
Refinancing 14 $1,916,000 $136,000 $373,000 $47,000 $113,000
Home Improvement 2 $46,000 $23,000 $40,000 $69,000 $86,000

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 23 $2,617,000 $113,000 $276,000 $64,000 $218,000
Not applicable 4 $918,000 $229,000 $373,000 $10,000 $42,000
Not Provided 2 $206,000 $103,000 $103,000 $43,000 $51,000
Hispanic 1 $134,000 $134,000 $134,000 $42,000 $42,000
Native Hawaiin 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

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) 21 $2,774,000 $132,000 $373,000 $66,000 $218,000
FHA-insured (Federal Housing Administration) 6 $818,000 $136,000 $144,000 $31,000 $57,000
VA-guaranteed (Veterans Administration) 3 $283,000 $94,000 $103,000 $25,000 $41,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 20 $2,806,000 $140,000 $373,000 $60,000 $218,000
Application Denied By Financial Institution 5 $542,000 $108,000 $162,000 $47,000 $81,000
Application Withdrawn By Applicant 2 $115,000 $57,000 $66,000 $73,000 $92,000
Loan Purchased By The Institution 2 $268,000 $134,000 $134,000 $21,000 $42,000
Application Approved But Not Accepted 1 $144,000 $144,000 $144,000 $29,000 $29,000
File Closed For Incompleteness 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
Collateral 2 $272,000 $136,000 $144,000 $37,000 $57,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 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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