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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 COWETA
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF COWETA |
| Address | 110 JEFFERSON STREET
NEWNAN, GA 30263 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 77 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,548,000 |
| Average Mortgage Loan Amount Applied For | $119,250 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $66,750 |
| Highest Applicant Income | $605,000 |
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| Home Improvement |
23 | $464,000 |
$20,000 | $101,000 |
$63,000 | $142,000 |
| Home Purchase |
26 | $2,667,000 |
$102,000 | $315,000 |
$95,000 | $300,000 |
| Refinancing |
28 | $2,417,000 |
$86,000 | $500,000 |
$78,000 | $605,000 |
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| American Indian or Alaskan Native |
1 | $17,000 |
$17,000 | $17,000 |
$29,000 | $29,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
11 | $645,000 |
$58,000 | $293,000 |
$34,000 | $90,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $918,000 |
$131,000 | $205,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
58 | $3,968,000 |
$68,000 | $500,000 |
$98,000 | $605,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
77 | $5,548,000 |
$72,000 | $500,000 |
$79,000 | $605,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $240,000 |
$30,000 | $72,000 |
$49,000 | $80,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
69 | $5,308,000 |
$76,000 | $500,000 |
$83,000 | $605,000 |
| 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 | $10,000 |
$10,000 | $10,000 |
$52,000 | $52,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $164,000 |
$32,000 | $72,000 |
$64,000 | $80,000 |
| Debt-To-Income Ratio |
2 | $66,000 |
$33,000 | $63,000 |
$10,000 | $12,000 |
| 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 |
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 COWETA by:
Metropolitan Area And
County
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