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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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ANNANDALE STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ANNANDALE STATE BANK |
| Address | 40 CHESTNUT STREET WEST
ANNANDALE, MN 55302 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 62 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,634,000 |
| Average Mortgage Loan Amount Applied For | $155,000 |
| Highest Mortgage Loan Amount Applied For | $725,000 |
| Average Applicant Income | $73,888 |
| Highest Applicant Income | $377,000 |
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| Home Improvement |
21 | $435,000 |
$20,000 | $100,000 |
$55,000 | $125,000 |
| Home Purchase |
25 | $5,489,000 |
$219,000 | $700,000 |
$75,000 | $377,000 |
| Refinancing |
16 | $2,710,000 |
$169,000 | $725,000 |
$61,000 | $161,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $200,000 |
$100,000 | $185,000 |
$40,000 | $62,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $196,000 |
$196,000 | $196,000 |
$0 | $0 |
| White |
59 | $8,238,000 |
$139,000 | $725,000 |
$67,000 | $377,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
62 | $8,634,000 |
$139,000 | $725,000 |
$65,000 | $377,000 |
| 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 | $928,000 |
$185,000 | $700,000 |
$24,000 | $63,000 |
| Application Withdrawn By Applicant |
4 | $793,000 |
$198,000 | $208,000 |
$62,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
53 | $6,913,000 |
$130,000 | $725,000 |
$69,000 | $377,000 |
| 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 |
4 | $926,000 |
$231,000 | $700,000 |
$20,000 | $63,000 |
| 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 |
1 | $2,000 |
$2,000 | $2,000 |
$43,000 | $43,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ANNANDALE STATE BANK by:
Metropolitan Area And
County
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