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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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AMERICAN COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN COMMUNITY BANK |
| Address | PO BOX 5035
MONROE, NC 28110 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 85 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,220,000 |
| Average Mortgage Loan Amount Applied For | $98,642 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $108,571 |
| Highest Applicant Income | $1,323,000 |
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| Home Improvement |
24 | $409,000 |
$17,000 | $130,000 |
$61,000 | $205,000 |
| Home Purchase |
35 | $3,512,000 |
$100,000 | $450,000 |
$113,000 | $1,323,000 |
| Refinancing |
26 | $3,299,000 |
$126,000 | $650,000 |
$53,000 | $155,000 |
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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 | $14,000 |
$7,000 | $7,000 |
$34,000 | $45,000 |
| Hispanic |
1 | $450,000 |
$450,000 | $450,000 |
$125,000 | $125,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $2,202,000 |
$200,000 | $650,000 |
$0 | $0 |
| Not Provided |
1 | $420,000 |
$420,000 | $420,000 |
$208,000 | $208,000 |
| White |
70 | $4,134,000 |
$59,000 | $360,000 |
$91,000 | $1,323,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
85 | $7,220,000 |
$84,000 | $650,000 |
$80,000 | $1,323,000 |
| 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 |
5 | $385,000 |
$77,000 | $275,000 |
$38,000 | $62,000 |
| Application Withdrawn By Applicant |
5 | $499,000 |
$99,000 | $155,000 |
$58,000 | $85,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
75 | $6,336,000 |
$84,000 | $650,000 |
$84,000 | $1,323,000 |
| 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 | $275,000 |
$275,000 | $275,000 |
$62,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $110,000 |
$27,000 | $56,000 |
$32,000 | $46,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN COMMUNITY BANK by:
Metropolitan Area And
County
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