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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 FLOYD
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF FLOYD |
| Address | 101 JACKSONVILLE CIRCLE
FLOYD, VA 24091 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 24 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,410,000 |
| Average Mortgage Loan Amount Applied For | $80,600 |
| Highest Mortgage Loan Amount Applied For | $572,000 |
| Average Applicant Income | $282,400 |
| Highest Applicant Income | $2,561,000 |
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| Home Improvement |
23 | $563,000 |
$24,000 | $150,000 |
$48,000 | $143,000 |
| Home Purchase |
34 | $4,408,000 |
$129,000 | $572,000 |
$670,000 | $2,561,000 |
| Refinancing |
7 | $644,000 |
$92,000 | $155,000 |
$79,000 | $184,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $10,000 |
$10,000 | $10,000 |
$64,000 | $64,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $677,000 |
$225,000 | $322,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
60 | $4,928,000 |
$82,000 | $572,000 |
$406,000 | $2,561,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
64 | $5,615,000 |
$87,000 | $572,000 |
$382,000 | $2,561,000 |
| 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 |
2 | $83,000 |
$41,000 | $80,000 |
$48,000 | $51,000 |
| Application Denied By Financial Institution |
10 | $875,000 |
$87,000 | $572,000 |
$66,000 | $200,000 |
| Application Withdrawn By Applicant |
3 | $225,000 |
$75,000 | $124,000 |
$51,000 | $108,000 |
| File Closed For Incompleteness |
1 | $95,000 |
$95,000 | $95,000 |
$89,000 | $89,000 |
| Loan Originated |
48 | $4,337,000 |
$90,000 | $322,000 |
$488,000 | $2,561,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 FLOYD by:
Metropolitan Area And
County
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