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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST STATE BANK |
| Address | 445 SOUTH MAIN STREET
BURLINGTON, NC 27215 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 252 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,240,000 |
| Average Mortgage Loan Amount Applied For | $283,842 |
| Highest Mortgage Loan Amount Applied For | $907,000 |
| Average Applicant Income | $165,894 |
| Highest Applicant Income | $533,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
156 | $27,068,000 |
$299,000 | $840,000 |
$134,500 | $446,000 |
| Refinancing |
96 | $14,172,000 |
$321,500 | $907,000 |
$269,000 | $533,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $747,000 |
$249,000 | $432,000 |
$147,000 | $331,000 |
| Black or African American |
16 | $1,787,000 |
$111,000 | $350,000 |
$51,000 | $85,000 |
| Hispanic |
3 | $217,000 |
$72,000 | $96,000 |
$22,000 | $29,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $812,000 |
$341,000 | $552,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
227 | $37,677,000 |
$323,000 | $907,000 |
$307,333 | $533,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
243 | $39,971,000 |
$363,333 | $907,000 |
$241,666 | $533,000 |
| FHA-insured (Federal Housing Administration) |
2 | $195,000 |
$97,000 | $113,000 |
$28,000 | $36,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $1,074,000 |
$153,000 | $248,000 |
$73,000 | $98,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
21 | $2,503,000 |
$119,000 | $224,000 |
$44,000 | $103,000 |
| Application Withdrawn By Applicant |
65 | $11,563,000 |
$177,000 | $907,000 |
$81,000 | $498,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
166 | $27,174,000 |
$362,333 | $840,000 |
$245,000 | $533,000 |
| 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 |
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| Collateral |
1 | $94,000 |
$94,000 | $94,000 |
$34,000 | $34,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,938,000 |
$121,000 | $224,000 |
$48,000 | $103,000 |
| Debt-To-Income Ratio |
3 | $408,000 |
$136,000 | $153,000 |
$36,000 | $42,000 |
| 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 |
1 | $63,000 |
$63,000 | $63,000 |
$42,000 | $42,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for 1ST STATE BANK by:
Metropolitan Area And
County
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