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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 CHOICE
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF CHOICE |
| Address | 7251 WEST 20TH STREET, BUILDING A
GREELEY, CO 80634-4626 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 172 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,814,000 |
| Average Mortgage Loan Amount Applied For | $163,444 |
| Highest Mortgage Loan Amount Applied For | $587,000 |
| Average Applicant Income | $76,000 |
| Highest Applicant Income | $650,000 |
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| Home Improvement |
10 | $383,000 |
$38,000 | $101,000 |
$59,000 | $112,000 |
| Home Purchase |
105 | $20,173,000 |
$192,000 | $840,000 |
$85,000 | $525,000 |
| Refinancing |
77 | $12,479,000 |
$162,000 | $481,000 |
$86,000 | $650,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $420,000 |
$210,000 | $280,000 |
$78,000 | $78,000 |
| Black or African American |
2 | $243,000 |
$121,000 | $219,000 |
$122,000 | $177,000 |
| Hispanic |
12 | $1,144,000 |
$95,000 | $215,000 |
$85,000 | $339,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $3,855,000 |
$192,000 | $587,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
156 | $27,373,000 |
$175,000 | $840,000 |
$94,000 | $650,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
192 | $33,035,000 |
$172,000 | $840,000 |
$84,000 | $650,000 |
| 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 |
47 | $10,671,000 |
$227,000 | $520,000 |
$85,000 | $264,000 |
| Application Denied By Financial Institution |
5 | $642,000 |
$128,000 | $185,000 |
$64,000 | $78,000 |
| Application Withdrawn By Applicant |
6 | $1,492,000 |
$248,000 | $840,000 |
$131,000 | $525,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
134 | $20,230,000 |
$150,000 | $587,000 |
$82,000 | $650,000 |
| 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 |
2 | $215,000 |
$107,000 | $140,000 |
$53,000 | $63,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
2 | $242,000 |
$121,000 | $122,000 |
$73,000 | $78,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $185,000 |
$185,000 | $185,000 |
$72,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF CHOICE by:
Metropolitan Area And
County
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