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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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ATLANTIC COAST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ATLANTIC COAST BANK |
| Address | 505 HAINES AVENUE
WAYCROSS, GA 31501 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 761 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $101,629,000 |
| Average Mortgage Loan Amount Applied For | $127,112 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $124,225 |
| Highest Applicant Income | $2,040,000 |
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| Home Improvement |
134 | $7,484,000 |
$55,000 | $1,000,000 |
$64,000 | $558,000 |
| Home Purchase |
345 | $58,298,000 |
$168,000 | $1,500,000 |
$129,000 | $2,040,000 |
| Refinancing |
286 | $36,645,000 |
$128,000 | $950,000 |
$72,000 | $469,000 |
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| American Indian or Alaskan Native |
4 | $1,220,000 |
$305,000 | $830,000 |
$71,000 | $116,000 |
| Asian |
19 | $2,295,000 |
$120,000 | $332,000 |
$115,000 | $266,000 |
| Black or African American |
82 | $4,950,000 |
$60,000 | $357,000 |
$52,000 | $310,000 |
| Hispanic |
25 | $4,941,000 |
$197,000 | $1,262,000 |
$98,000 | $287,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $144,000 |
$72,000 | $83,000 |
$54,000 | $57,000 |
| Not applicable |
3 | $1,222,000 |
$407,000 | $675,000 |
$34,000 | $104,000 |
| Not Provided |
61 | $8,691,000 |
$142,000 | $680,000 |
$83,000 | $282,000 |
| White |
569 | $78,964,000 |
$138,000 | $1,500,000 |
$105,000 | $2,040,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
763 | $102,242,000 |
$134,000 | $1,500,000 |
$97,000 | $2,040,000 |
| FHA-insured (Federal Housing Administration) |
1 | $50,000 |
$50,000 | $50,000 |
$28,000 | $28,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $135,000 |
$135,000 | $135,000 |
$62,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
138 | $17,452,000 |
$126,000 | $950,000 |
$77,000 | $469,000 |
| Application Denied By Financial Institution |
94 | $10,664,000 |
$113,000 | $1,500,000 |
$54,000 | $310,000 |
| Application Withdrawn By Applicant |
38 | $3,450,000 |
$90,000 | $275,000 |
$49,000 | $144,000 |
| File Closed For Incompleteness |
3 | $371,000 |
$123,000 | $206,000 |
$70,000 | $99,000 |
| Loan Originated |
488 | $69,692,000 |
$142,000 | $1,262,000 |
$115,000 | $2,040,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $150,000 |
$150,000 | $150,000 |
$80,000 | $80,000 |
| Preapproval Denied by Financial Institution |
3 | $648,000 |
$216,000 | $417,000 |
$59,000 | $100,000 |
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| Collateral |
11 | $513,000 |
$46,000 | $90,000 |
$57,000 | $129,000 |
| Credit Application Incomplete |
3 | $226,000 |
$75,000 | $132,000 |
$45,000 | $59,000 |
| Credit History |
56 | $4,377,000 |
$78,000 | $320,000 |
$51,000 | $310,000 |
| Debt-To-Income Ratio |
18 | $5,364,000 |
$298,000 | $1,500,000 |
$66,000 | $200,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$26,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $748,000 |
$106,000 | $179,000 |
$51,000 | $83,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $24,000 |
$24,000 | $24,000 |
$75,000 | $75,000 |
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Mortgage Loan App Totals for ATLANTIC COAST BANK by:
Metropolitan Area And
County
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