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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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AMERIBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERIBANK |
| Address | PO BOX 520
NORTHFORK, WV 24868 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 127 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,309,000 |
| Average Mortgage Loan Amount Applied For | $116,062 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $72,062 |
| Highest Applicant Income | $776,000 |
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| Home Improvement |
19 | $166,000 |
$8,000 | $50,000 |
$25,000 | $96,000 |
| Home Purchase |
47 | $1,864,000 |
$39,000 | $800,000 |
$36,000 | $86,000 |
| Refinancing |
61 | $4,279,000 |
$70,000 | $578,000 |
$100,000 | $776,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $210,000 |
$105,000 | $148,000 |
$97,000 | $101,000 |
| Black or African American |
11 | $430,000 |
$39,000 | $173,000 |
$57,000 | $135,000 |
| Hispanic |
2 | $233,000 |
$116,000 | $155,000 |
$154,000 | $154,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,657,000 |
$276,000 | $800,000 |
$140,000 | $332,000 |
| Not Provided |
14 | $1,270,000 |
$90,000 | $242,000 |
$125,000 | $776,000 |
| White |
92 | $2,509,000 |
$27,000 | $147,000 |
$49,000 | $167,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127 | $6,309,000 |
$49,000 | $800,000 |
$65,000 | $776,000 |
| 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 | $58,000 |
$58,000 | $58,000 |
$62,000 | $62,000 |
| Application Denied By Financial Institution |
52 | $1,674,000 |
$32,000 | $150,000 |
$37,000 | $102,000 |
| Application Withdrawn By Applicant |
24 | $1,513,000 |
$63,000 | $242,000 |
$96,000 | $167,000 |
| File Closed For Incompleteness |
6 | $232,000 |
$38,000 | $100,000 |
$178,000 | $776,000 |
| Loan Originated |
44 | $2,832,000 |
$64,000 | $800,000 |
$66,000 | $332,000 |
| 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 | $7,000 |
$7,000 | $7,000 |
$16,000 | $16,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
39 | $690,000 |
$17,000 | $136,000 |
$32,000 | $96,000 |
| Debt-To-Income Ratio |
2 | $161,000 |
$80,000 | $148,000 |
$75,000 | $101,000 |
| Employment History |
1 | $28,000 |
$28,000 | $28,000 |
$64,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $31,000 |
$15,000 | $22,000 |
$15,000 | $19,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $757,000 |
$108,000 | $150,000 |
$57,000 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERIBANK by:
Metropolitan Area And
County
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