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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 VIRGINIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANK OF VIRGINIA |
| Address | 11730 HULL STREET ROAD
MIDLOTHIAN, VA 23112 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 25 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,655,000 |
| Average Mortgage Loan Amount Applied For | $381,909 |
| Highest Mortgage Loan Amount Applied For | $1,385,000 |
| Average Applicant Income | $205,000 |
| Highest Applicant Income | $1,095,000 |
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| Home Improvement |
6 | $249,000 |
$41,000 | $100,000 |
$73,000 | $178,000 |
| Home Purchase |
16 | $3,730,000 |
$233,000 | $1,385,000 |
$170,000 | $1,095,000 |
| Refinancing |
5 | $1,725,000 |
$345,000 | $1,123,000 |
$85,000 | $174,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $15,000 |
$15,000 | $15,000 |
$133,000 | $133,000 |
| Black or African American |
2 | $49,000 |
$24,000 | $26,000 |
$25,000 | $42,000 |
| Hispanic |
1 | $49,000 |
$49,000 | $49,000 |
$56,000 | $56,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $1,888,000 |
$472,000 | $1,123,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
19 | $3,703,000 |
$194,000 | $1,385,000 |
$177,000 | $1,095,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
27 | $5,704,000 |
$211,000 | $1,385,000 |
$133,000 | $1,095,000 |
| 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 |
3 | $149,000 |
$49,000 | $100,000 |
$32,000 | $45,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
24 | $5,555,000 |
$231,000 | $1,385,000 |
$146,000 | $1,095,000 |
| 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 | $26,000 |
$26,000 | $26,000 |
$42,000 | $42,000 |
| Debt-To-Income Ratio |
2 | $123,000 |
$61,000 | $100,000 |
$27,000 | $45,000 |
| 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 VIRGINIA by:
Metropolitan Area And
County
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