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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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AMERIFIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERIFIRST BANK |
| Address | 104 EAST HARDAWAY AVENUE
UNION SPRINGS, AL 36089 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 160 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,586,000 |
| Average Mortgage Loan Amount Applied For | $153,611 |
| Highest Mortgage Loan Amount Applied For | $1,299,000 |
| Average Applicant Income | $137,444 |
| Highest Applicant Income | $884,000 |
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| Home Improvement |
54 | $608,000 |
$11,000 | $111,000 |
$46,000 | $346,000 |
| Home Purchase |
40 | $2,712,000 |
$67,000 | $340,000 |
$143,000 | $884,000 |
| Refinancing |
66 | $6,266,000 |
$94,000 | $1,299,000 |
$78,000 | $825,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $118,000 |
$59,000 | $90,000 |
$98,000 | $103,000 |
| Black or African American |
60 | $1,424,000 |
$23,000 | $290,000 |
$30,000 | $142,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
22 | $1,540,000 |
$70,000 | $219,000 |
$166,000 | $884,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
76 | $6,504,000 |
$85,000 | $1,299,000 |
$101,000 | $825,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
160 | $9,586,000 |
$59,000 | $1,299,000 |
$83,000 | $884,000 |
| 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 |
20 | $797,000 |
$39,000 | $205,000 |
$38,000 | $106,000 |
| Application Withdrawn By Applicant |
3 | $403,000 |
$134,000 | $290,000 |
$71,000 | $103,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
137 | $8,386,000 |
$61,000 | $1,299,000 |
$90,000 | $884,000 |
| 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 |
15 | $575,000 |
$38,000 | $205,000 |
$33,000 | $70,000 |
| Debt-To-Income Ratio |
4 | $47,000 |
$11,000 | $34,000 |
$56,000 | $106,000 |
| 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 AMERIFIRST BANK by:
Metropolitan Area And
County
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