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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 | P.O. BOX 1468
SAGINAW, MI 48605 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 84 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,046,000 |
| Average Mortgage Loan Amount Applied For | $284,533 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $168,600 |
| Highest Applicant Income | $770,000 |
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| Home Improvement |
3 | $902,000 |
$300,000 | $619,000 |
$124,000 | $270,000 |
| Home Purchase |
50 | $5,894,000 |
$117,000 | $424,000 |
$79,000 | $770,000 |
| Refinancing |
31 | $6,250,000 |
$201,000 | $1,300,000 |
$105,000 | $588,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $157,000 |
$78,000 | $80,000 |
$39,000 | $47,000 |
| Hispanic |
4 | $925,000 |
$231,000 | $416,000 |
$117,000 | $152,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $536,000 |
$107,000 | $167,000 |
$91,000 | $300,000 |
| White |
73 | $11,428,000 |
$156,000 | $1,300,000 |
$90,000 | $770,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
84 | $13,046,000 |
$155,000 | $1,300,000 |
$90,000 | $770,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $591,000 |
$98,000 | $169,000 |
$29,000 | $64,000 |
| Application Withdrawn By Applicant |
20 | $2,660,000 |
$133,000 | $619,000 |
$56,000 | $270,000 |
| File Closed For Incompleteness |
1 | $29,000 |
$29,000 | $29,000 |
$30,000 | $30,000 |
| Loan Originated |
57 | $9,766,000 |
$171,000 | $1,300,000 |
$110,000 | $770,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
1 | $169,000 |
$169,000 | $169,000 |
$64,000 | $64,000 |
| 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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