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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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1ST INDEPENDENCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST INDEPENDENCE BANK |
| Address | P.O. BOX 206309
LOUISVILLE, KY 40250-6309 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 828 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $144,757,000 |
| Average Mortgage Loan Amount Applied For | $226,108 |
| Highest Mortgage Loan Amount Applied For | $27,000,000 |
| Average Applicant Income | $77,608 |
| Highest Applicant Income | $2,520,000 |
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| Home Improvement |
15 | $433,000 |
$28,000 | $126,000 |
$84,000 | $202,000 |
| Home Purchase |
528 | $107,415,000 |
$203,000 | $27,000,000 |
$68,000 | $2,520,000 |
| Refinancing |
285 | $36,909,000 |
$129,000 | $1,500,000 |
$62,000 | $1,200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $551,000 |
$183,000 | $251,000 |
$108,000 | $207,000 |
| Black or African American |
13 | $1,234,000 |
$94,000 | $219,000 |
$70,000 | $161,000 |
| Hispanic |
12 | $1,450,000 |
$120,000 | $193,000 |
$70,000 | $111,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
189 | $63,593,000 |
$336,000 | $27,000,000 |
$0 | $0 |
| Not Provided |
8 | $1,277,000 |
$159,000 | $417,000 |
$119,000 | $468,000 |
| White |
603 | $76,652,000 |
$127,000 | $1,500,000 |
$86,000 | $2,520,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
790 | $140,272,000 |
$177,000 | $27,000,000 |
$67,000 | $2,520,000 |
| FHA-insured (Federal Housing Administration) |
29 | $3,370,000 |
$116,000 | $177,000 |
$45,000 | $87,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $125,000 |
$125,000 | $125,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $990,000 |
$123,000 | $237,000 |
$47,000 | $91,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
35 | $4,698,000 |
$134,000 | $400,000 |
$94,000 | $1,200,000 |
| Application Withdrawn By Applicant |
53 | $5,717,000 |
$107,000 | $308,000 |
$52,000 | $468,000 |
| File Closed For Incompleteness |
1 | $110,000 |
$110,000 | $110,000 |
$82,000 | $82,000 |
| Loan Originated |
716 | $132,308,000 |
$184,000 | $27,000,000 |
$67,000 | $2,520,000 |
| Loan Purchased By The Institution |
23 | $1,924,000 |
$83,000 | $162,000 |
$33,000 | $50,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
5 | $749,000 |
$149,000 | $248,000 |
$85,000 | $120,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
21 | $2,371,000 |
$112,000 | $208,000 |
$103,000 | $1,200,000 |
| Debt-To-Income Ratio |
7 | $1,473,000 |
$210,000 | $400,000 |
$94,000 | $336,000 |
| Employment History |
1 | $89,000 |
$89,000 | $89,000 |
$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 |
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Mortgage Loan App Totals for 1ST INDEPENDENCE BANK by:
Metropolitan Area And
County
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