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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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BALLSTON SPA NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BALLSTON SPA NATIONAL BANK |
| Address | P.O. BOX 70
BALLSTON SPA, NY 12020 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 337 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,441,000 |
| Average Mortgage Loan Amount Applied For | $79,238 |
| Highest Mortgage Loan Amount Applied For | $1,487,000 |
| Average Applicant Income | $70,976 |
| Highest Applicant Income | $1,503,000 |
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| Home Improvement |
64 | $2,657,000 |
$41,000 | $135,000 |
$76,000 | $182,000 |
| Home Purchase |
211 | $32,130,000 |
$152,000 | $1,487,000 |
$86,000 | $1,503,000 |
| Refinancing |
62 | $13,654,000 |
$220,000 | $1,400,000 |
$114,000 | $945,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $644,000 |
$214,000 | $275,000 |
$135,000 | $175,000 |
| Black or African American |
2 | $379,000 |
$189,000 | $200,000 |
$64,000 | $70,000 |
| Hispanic |
2 | $128,000 |
$64,000 | $80,000 |
$193,000 | $386,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $1,285,000 |
$142,000 | $329,000 |
$105,000 | $186,000 |
| White |
321 | $46,005,000 |
$143,000 | $1,487,000 |
$88,000 | $1,503,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
337 | $48,441,000 |
$143,000 | $1,487,000 |
$89,000 | $1,503,000 |
| 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 |
8 | $609,000 |
$76,000 | $200,000 |
$71,000 | $136,000 |
| Application Denied By Financial Institution |
20 | $2,662,000 |
$133,000 | $396,000 |
$54,000 | $119,000 |
| Application Withdrawn By Applicant |
25 | $5,432,000 |
$217,000 | $1,487,000 |
$109,000 | $593,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
284 | $39,738,000 |
$139,000 | $1,400,000 |
$91,000 | $1,503,000 |
| 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 |
6 | $641,000 |
$106,000 | $214,000 |
$57,000 | $119,000 |
| Debt-To-Income Ratio |
2 | $305,000 |
$152,000 | $300,000 |
$28,000 | $40,000 |
| Employment History |
2 | $102,000 |
$51,000 | $72,000 |
$27,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $824,000 |
$164,000 | $396,000 |
$46,000 | $59,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $158,000 |
$52,000 | $108,000 |
$60,000 | $88,000 |
| Unverifiable Information |
2 | $632,000 |
$316,000 | $330,000 |
$106,000 | $117,000 |
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Mortgage Loan App Totals for BALLSTON SPA NATIONAL BANK by:
Metropolitan Area And
County
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