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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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BANK OF CHARLES TOWN
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF CHARLES TOWN |
| Address | PO BOX 906
CHARLES TOWN, WV 25414-0906 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 463 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,225,000 |
| Average Mortgage Loan Amount Applied For | $169,375 |
| Highest Mortgage Loan Amount Applied For | $1,035,000 |
| Average Applicant Income | $122,375 |
| Highest Applicant Income | $1,209,000 |
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| Home Improvement |
114 | $7,150,000 |
$62,000 | $680,000 |
$68,000 | $296,000 |
| Home Purchase |
153 | $26,317,000 |
$172,000 | $1,035,000 |
$106,000 | $1,209,000 |
| Refinancing |
196 | $21,758,000 |
$111,000 | $999,000 |
$75,000 | $813,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,340,000 |
$268,000 | $640,000 |
$80,000 | $153,000 |
| Black or African American |
20 | $2,763,000 |
$138,000 | $365,000 |
$97,000 | $564,000 |
| Hispanic |
4 | $794,000 |
$198,000 | $460,000 |
$88,000 | $132,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $125,000 |
$125,000 | $125,000 |
$122,000 | $122,000 |
| Not applicable |
11 | $3,134,000 |
$284,000 | $1,035,000 |
$177,000 | $1,209,000 |
| Not Provided |
4 | $484,000 |
$121,000 | $197,000 |
$94,000 | $186,000 |
| White |
418 | $46,585,000 |
$111,000 | $999,000 |
$80,000 | $813,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
463 | $55,225,000 |
$119,000 | $1,035,000 |
$84,000 | $1,209,000 |
| 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 |
3 | $500,000 |
$166,000 | $350,000 |
$173,000 | $296,000 |
| Application Denied By Financial Institution |
36 | $6,988,000 |
$194,000 | $639,000 |
$60,000 | $189,000 |
| Application Withdrawn By Applicant |
51 | $10,859,000 |
$212,000 | $680,000 |
$88,000 | $336,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
373 | $36,878,000 |
$98,000 | $1,035,000 |
$85,000 | $1,209,000 |
| 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 |
1 | $45,000 |
$45,000 | $45,000 |
$102,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $2,153,000 |
$195,000 | $456,000 |
$61,000 | $142,000 |
| Debt-To-Income Ratio |
17 | $3,813,000 |
$224,000 | $639,000 |
$63,000 | $189,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $313,000 |
$156,000 | $200,000 |
$34,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $664,000 |
$132,000 | $194,000 |
$50,000 | $65,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF CHARLES TOWN by:
Metropolitan Area And
County
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