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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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BANKFIRST
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANKFIRST |
| Address | 6100 SOUTH OLD VILLAGE PLACE
SIOUX FALLS, SD 57108 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,630 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $632,978,000 |
| Average Mortgage Loan Amount Applied For | $224,250 |
| Highest Mortgage Loan Amount Applied For | $7,000,000 |
| Average Applicant Income | $110,597 |
| Highest Applicant Income | $2,532,000 |
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| Home Improvement |
70 | $19,044,000 |
$272,000 | $1,275,000 |
$111,000 | $1,431,000 |
| Home Purchase |
1,228 | $254,275,000 |
$207,000 | $1,628,000 |
$146,000 | $2,100,000 |
| Refinancing |
1,332 | $359,659,000 |
$270,000 | $7,000,000 |
$99,000 | $2,532,000 |
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| American Indian or Alaskan Native |
6 | $1,981,000 |
$330,000 | $975,000 |
$42,000 | $149,000 |
| Asian |
107 | $28,763,000 |
$268,000 | $2,000,000 |
$130,000 | $900,000 |
| Black or African American |
278 | $61,660,000 |
$221,000 | $2,000,000 |
$84,000 | $602,000 |
| Hispanic |
214 | $57,784,000 |
$270,000 | $1,312,000 |
$73,000 | $427,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $4,676,000 |
$222,000 | $900,000 |
$91,000 | $180,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
275 | $67,736,000 |
$246,000 | $3,500,000 |
$91,000 | $2,532,000 |
| White |
1,729 | $410,378,000 |
$237,000 | $7,000,000 |
$138,000 | $2,221,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,630 | $632,978,000 |
$240,000 | $7,000,000 |
$121,000 | $2,532,000 |
| 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 |
435 | $108,346,000 |
$249,000 | $2,000,000 |
$88,000 | $900,000 |
| Application Denied By Financial Institution |
709 | $193,625,000 |
$273,000 | $7,000,000 |
$104,000 | $2,532,000 |
| Application Withdrawn By Applicant |
24 | $7,373,000 |
$307,000 | $2,000,000 |
$71,000 | $374,000 |
| File Closed For Incompleteness |
1 | $190,000 |
$190,000 | $190,000 |
$82,000 | $82,000 |
| Loan Originated |
1,461 | $323,444,000 |
$221,000 | $4,500,000 |
$140,000 | $2,221,000 |
| 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 |
159 | $39,311,000 |
$247,000 | $1,925,000 |
$105,000 | $2,532,000 |
| Credit Application Incomplete |
116 | $30,339,000 |
$261,000 | $7,000,000 |
$128,000 | $1,560,000 |
| Credit History |
114 | $31,820,000 |
$279,000 | $2,145,000 |
$97,000 | $1,404,000 |
| Debt-To-Income Ratio |
59 | $14,796,000 |
$250,000 | $3,255,000 |
$94,000 | $444,000 |
| Employment History |
24 | $6,908,000 |
$287,000 | $1,600,000 |
$90,000 | $372,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $1,172,000 |
$146,000 | $356,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
105 | $31,225,000 |
$297,000 | $1,625,000 |
$97,000 | $1,372,000 |
| Unverifiable Information |
124 | $38,054,000 |
$306,000 | $3,500,000 |
$106,000 | $720,000 |
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Mortgage Loan App Totals for BANKFIRST by:
Metropolitan Area And
County
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