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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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AMERISERV FINANCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERISERV FINANCIAL BANK |
| Address | PO BOX 520
JOHNSTOWN, PA 15901 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 960 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,366,000 |
| Average Mortgage Loan Amount Applied For | $199,647 |
| Highest Mortgage Loan Amount Applied For | $1,725,000 |
| Average Applicant Income | $75,941 |
| Highest Applicant Income | $3,010,000 |
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| Home Improvement |
308 | $9,972,000 |
$32,000 | $1,450,000 |
$65,000 | $3,010,000 |
| Home Purchase |
426 | $49,907,000 |
$117,000 | $1,725,000 |
$65,000 | $390,000 |
| Refinancing |
265 | $14,482,000 |
$54,000 | $547,000 |
$62,000 | $903,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,224,000 |
$204,000 | $547,000 |
$259,000 | $903,000 |
| Black or African American |
17 | $792,000 |
$46,000 | $340,000 |
$52,000 | $300,000 |
| Hispanic |
7 | $628,000 |
$89,000 | $314,000 |
$47,000 | $132,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $10,000 |
$10,000 | $10,000 |
$91,000 | $91,000 |
| Not applicable |
8 | $4,321,000 |
$540,000 | $1,725,000 |
$12,000 | $98,000 |
| Not Provided |
18 | $855,000 |
$47,000 | $315,000 |
$61,000 | $228,000 |
| White |
942 | $66,531,000 |
$70,000 | $640,000 |
$64,000 | $3,010,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
937 | $69,042,000 |
$73,000 | $1,725,000 |
$66,000 | $3,010,000 |
| FHA-insured (Federal Housing Administration) |
50 | $4,038,000 |
$80,000 | $178,000 |
$38,000 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
12 | $1,281,000 |
$106,000 | $223,000 |
$49,000 | $110,000 |
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| Application Approved But Not Accepted |
31 | $1,807,000 |
$58,000 | $250,000 |
$64,000 | $180,000 |
| Application Denied By Financial Institution |
159 | $5,527,000 |
$34,000 | $315,000 |
$40,000 | $180,000 |
| Application Withdrawn By Applicant |
37 | $3,368,000 |
$91,000 | $639,000 |
$59,000 | $321,000 |
| File Closed For Incompleteness |
1 | $40,000 |
$40,000 | $40,000 |
$26,000 | $26,000 |
| Loan Originated |
740 | $61,578,000 |
$83,000 | $1,725,000 |
$72,000 | $3,010,000 |
| 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 |
31 | $2,041,000 |
$65,000 | $256,000 |
$30,000 | $85,000 |
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| Collateral |
22 | $1,131,000 |
$51,000 | $205,000 |
$69,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
127 | $4,348,000 |
$34,000 | $315,000 |
$36,000 | $159,000 |
| Debt-To-Income Ratio |
27 | $1,490,000 |
$55,000 | $152,000 |
$28,000 | $80,000 |
| Employment History |
5 | $186,000 |
$37,000 | $50,000 |
$16,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $349,000 |
$49,000 | $140,000 |
$26,000 | $46,000 |
| Unverifiable Information |
2 | $64,000 |
$32,000 | $50,000 |
$64,000 | $82,000 |
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Mortgage Loan App Totals for AMERISERV FINANCIAL BANK by:
Metropolitan Area And
County
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