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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 GASSAWAY
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF GASSAWAY |
| Address | 700 ELK STREET
GASSAWAY, WV 26624 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 408 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,698,000 |
| Average Mortgage Loan Amount Applied For | $113,000 |
| Highest Mortgage Loan Amount Applied For | $753,000 |
| Average Applicant Income | $61,250 |
| Highest Applicant Income | $830,000 |
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| Home Improvement |
61 | $3,046,000 |
$49,000 | $434,000 |
$48,000 | $177,000 |
| Home Purchase |
149 | $8,169,000 |
$54,000 | $623,000 |
$43,000 | $181,000 |
| Refinancing |
198 | $12,483,000 |
$63,000 | $753,000 |
$56,000 | $830,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $200,000 |
$200,000 | $200,000 |
$31,000 | $31,000 |
| Black or African American |
1 | $18,000 |
$18,000 | $18,000 |
$32,000 | $32,000 |
| Hispanic |
2 | $150,000 |
$75,000 | $100,000 |
$92,000 | $172,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
404 | $23,330,000 |
$57,000 | $753,000 |
$50,000 | $830,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
408 | $23,698,000 |
$58,000 | $753,000 |
$50,000 | $830,000 |
| 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 |
47 | $2,414,000 |
$51,000 | $200,000 |
$34,000 | $77,000 |
| Application Withdrawn By Applicant |
44 | $3,042,000 |
$69,000 | $623,000 |
$48,000 | $181,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
317 | $18,242,000 |
$57,000 | $753,000 |
$53,000 | $830,000 |
| 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 |
7 | $279,000 |
$39,000 | $82,000 |
$27,000 | $50,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $1,235,000 |
$45,000 | $110,000 |
$38,000 | $77,000 |
| Debt-To-Income Ratio |
9 | $708,000 |
$78,000 | $200,000 |
$33,000 | $68,000 |
| Employment History |
2 | $167,000 |
$83,000 | $108,000 |
$25,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $25,000 |
$12,000 | $20,000 |
$13,000 | $18,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BANK OF GASSAWAY by:
Metropolitan Area And
County
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