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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN STATE BANK |
| Address | 2201 FAIR PARK BLVD
JONESBORO, AR 72401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 519 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,843,000 |
| Average Mortgage Loan Amount Applied For | $114,650 |
| Highest Mortgage Loan Amount Applied For | $890,000 |
| Average Applicant Income | $106,850 |
| Highest Applicant Income | $1,193,000 |
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| Home Improvement |
117 | $2,741,000 |
$17,500 | $550,000 |
$40,500 | $794,000 |
| Home Purchase |
244 | $19,999,000 |
$254,800 | $600,000 |
$199,000 | $1,193,000 |
| Refinancing |
158 | $12,103,000 |
$76,000 | $890,000 |
$63,000 | $433,000 |
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| American Indian or Alaskan Native |
2 | $65,000 |
$32,000 | $40,000 |
$27,000 | $40,000 |
| Asian |
5 | $396,000 |
$79,000 | $203,000 |
$57,000 | $70,000 |
| Black or African American |
25 | $1,010,000 |
$40,000 | $150,000 |
$41,000 | $107,000 |
| Hispanic |
7 | $1,218,000 |
$347,000 | $590,000 |
$491,000 | $794,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $2,478,000 |
$123,000 | $600,000 |
$110,000 | $228,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
460 | $29,676,000 |
$136,400 | $890,000 |
$44,800 | $1,193,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
496 | $32,860,000 |
$212,166 | $890,000 |
$170,833 | $1,193,000 |
| FHA-insured (Federal Housing Administration) |
8 | $795,000 |
$99,000 | $151,000 |
$48,000 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $586,000 |
$65,000 | $89,000 |
$33,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
6 | $602,000 |
$100,000 | $136,000 |
$42,000 | $59,000 |
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| Application Approved But Not Accepted |
1 | $25,000 |
$25,000 | $25,000 |
$49,000 | $49,000 |
| Application Denied By Financial Institution |
97 | $4,157,000 |
$27,500 | $280,000 |
$31,000 | $189,000 |
| Application Withdrawn By Applicant |
37 | $2,924,000 |
$142,000 | $209,000 |
$63,000 | $140,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
384 | $27,737,000 |
$254,400 | $890,000 |
$204,200 | $1,193,000 |
| 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 |
7 | $599,000 |
$85,000 | $158,000 |
$36,000 | $98,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
63 | $2,340,000 |
$24,500 | $160,000 |
$30,500 | $189,000 |
| Debt-To-Income Ratio |
24 | $1,174,000 |
$48,000 | $280,000 |
$38,000 | $103,000 |
| Employment History |
2 | $18,000 |
$9,000 | $14,000 |
$40,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $26,000 |
$26,000 | $26,000 |
$30,000 | $30,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN STATE BANK by:
Metropolitan Area And
County
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