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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 SUMMIT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST SUMMIT BANK |
| Address | 125 DONALD LANE
JOHNSTOWN, PA 15904 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 481 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,948,000 |
| Average Mortgage Loan Amount Applied For | $142,823 |
| Highest Mortgage Loan Amount Applied For | $714,000 |
| Average Applicant Income | $111,764 |
| Highest Applicant Income | $1,300,000 |
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| Home Improvement |
157 | $3,526,000 |
$22,000 | $310,000 |
$56,000 | $506,000 |
| Home Purchase |
141 | $14,156,000 |
$100,000 | $700,000 |
$79,000 | $1,300,000 |
| Refinancing |
183 | $13,266,000 |
$72,000 | $714,000 |
$60,000 | $395,000 |
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| American Indian or Alaskan Native |
1 | $5,000 |
$5,000 | $5,000 |
$21,000 | $21,000 |
| Asian |
1 | $5,000 |
$5,000 | $5,000 |
$24,000 | $24,000 |
| Black or African American |
1 | $46,000 |
$46,000 | $46,000 |
$94,000 | $94,000 |
| Hispanic |
3 | $84,000 |
$28,000 | $61,000 |
$23,000 | $32,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $513,000 |
$128,000 | $180,000 |
$0 | $0 |
| Not Provided |
10 | $400,000 |
$40,000 | $172,000 |
$60,000 | $130,000 |
| White |
461 | $29,895,000 |
$64,000 | $714,000 |
$65,000 | $1,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
481 | $30,948,000 |
$64,000 | $714,000 |
$64,000 | $1,300,000 |
| 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 |
1 | $300,000 |
$300,000 | $300,000 |
$350,000 | $350,000 |
| Application Denied By Financial Institution |
37 | $1,174,000 |
$31,000 | $128,000 |
$37,000 | $216,000 |
| Application Withdrawn By Applicant |
45 | $2,967,000 |
$65,000 | $215,000 |
$54,000 | $159,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
398 | $26,507,000 |
$66,000 | $714,000 |
$67,000 | $1,300,000 |
| 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 | $5,000 |
$5,000 | $5,000 |
$20,000 | $20,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $794,000 |
$33,000 | $128,000 |
$41,000 | $216,000 |
| Debt-To-Income Ratio |
7 | $270,000 |
$38,000 | $118,000 |
$32,000 | $55,000 |
| Employment History |
3 | $89,000 |
$29,000 | $45,000 |
$28,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $11,000 |
$11,000 | $11,000 |
$16,000 | $16,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for 1ST SUMMIT BANK by:
Metropolitan Area And
County
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