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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 OAK RIDGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF OAK RIDGE |
| Address | 1684 NC 68 NORTH
OAK RIDGE, NC 27310 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,437,000 |
| Average Mortgage Loan Amount Applied For | $108,100 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $97,100 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
36 | $3,049,000 |
$84,000 | $417,000 |
$37,000 | $240,000 |
| Refinancing |
68 | $4,538,000 |
$66,000 | $400,000 |
$86,000 | $300,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $47,000 |
$47,000 | $47,000 |
$40,000 | $40,000 |
| Black or African American |
3 | $220,000 |
$73,000 | $99,000 |
$52,000 | $103,000 |
| Hispanic |
23 | $1,367,000 |
$59,000 | $135,000 |
$30,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $1,017,000 |
$101,000 | $180,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
67 | $4,936,000 |
$73,000 | $417,000 |
$94,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
104 | $7,587,000 |
$72,000 | $417,000 |
$69,000 | $300,000 |
| 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 |
3 | $514,000 |
$171,000 | $417,000 |
$104,000 | $240,000 |
| Application Denied By Financial Institution |
8 | $662,000 |
$82,000 | $114,000 |
$65,000 | $120,000 |
| Application Withdrawn By Applicant |
4 | $488,000 |
$122,000 | $172,000 |
$45,000 | $84,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
89 | $5,923,000 |
$66,000 | $400,000 |
$69,000 | $300,000 |
| 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 OAK RIDGE by:
Metropolitan Area And
County
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