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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 CLARKE COUNTY
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF CLARKE COUNTY |
| Address | 2 EAST MAIN STREET
BERRYVILLE, VA 22611 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 249 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,836,000 |
| Average Mortgage Loan Amount Applied For | $157,416 |
| Highest Mortgage Loan Amount Applied For | $1,376,000 |
| Average Applicant Income | $73,250 |
| Highest Applicant Income | $835,000 |
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| Home Improvement |
66 | $5,062,000 |
$76,000 | $600,000 |
$84,000 | $231,000 |
| Home Purchase |
61 | $13,697,000 |
$224,000 | $1,376,000 |
$93,000 | $835,000 |
| Refinancing |
122 | $23,077,000 |
$189,000 | $1,090,000 |
$88,000 | $616,000 |
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| American Indian or Alaskan Native |
2 | $390,000 |
$195,000 | $360,000 |
$146,000 | $168,000 |
| Asian |
1 | $85,000 |
$85,000 | $85,000 |
$136,000 | $136,000 |
| Black or African American |
10 | $1,390,000 |
$139,000 | $304,000 |
$91,000 | $225,000 |
| Hispanic |
1 | $30,000 |
$30,000 | $30,000 |
$38,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $6,380,000 |
$375,000 | $1,376,000 |
$0 | $0 |
| Not Provided |
12 | $1,253,000 |
$104,000 | $553,000 |
$90,000 | $231,000 |
| White |
206 | $32,308,000 |
$156,000 | $676,000 |
$95,000 | $835,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
249 | $41,836,000 |
$168,000 | $1,376,000 |
$88,000 | $835,000 |
| 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 |
15 | $2,773,000 |
$184,000 | $417,000 |
$97,000 | $342,000 |
| Application Denied By Financial Institution |
3 | $465,000 |
$155,000 | $200,000 |
$41,000 | $56,000 |
| Application Withdrawn By Applicant |
1 | $600,000 |
$600,000 | $600,000 |
$150,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
230 | $37,998,000 |
$165,000 | $1,376,000 |
$88,000 | $835,000 |
| 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 |
1 | $140,000 |
$140,000 | $140,000 |
$56,000 | $56,000 |
| Debt-To-Income Ratio |
1 | $200,000 |
$200,000 | $200,000 |
$38,000 | $38,000 |
| 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 | $125,000 |
$125,000 | $125,000 |
$31,000 | $31,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF CLARKE COUNTY by:
Metropolitan Area And
County
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