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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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BAY FIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BAY FIRST BANK |
| Address | 14 S MAIN STREET
NORTH EAST, MD 21901 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 315 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,831,000 |
| Average Mortgage Loan Amount Applied For | $154,153 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $86,692 |
| Highest Applicant Income | $528,000 |
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| Home Improvement |
127 | $5,162,000 |
$40,000 | $210,000 |
$63,000 | $230,000 |
| Home Purchase |
104 | $14,493,000 |
$139,000 | $650,000 |
$76,000 | $528,000 |
| Refinancing |
91 | $11,395,000 |
$125,000 | $475,000 |
$58,000 | $158,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $176,000 |
$88,000 | $136,000 |
$55,000 | $95,000 |
| Black or African American |
5 | $1,103,000 |
$220,000 | $360,000 |
$75,000 | $166,000 |
| Hispanic |
1 | $20,000 |
$20,000 | $20,000 |
$52,000 | $52,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
24 | $3,177,000 |
$132,000 | $600,000 |
$2,000 | $65,000 |
| Not Provided |
14 | $1,219,000 |
$87,000 | $475,000 |
$72,000 | $130,000 |
| White |
276 | $25,355,000 |
$91,000 | $650,000 |
$71,000 | $528,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
321 | $30,841,000 |
$96,000 | $650,000 |
$66,000 | $528,000 |
| FHA-insured (Federal Housing Administration) |
1 | $209,000 |
$209,000 | $209,000 |
$28,000 | $28,000 |
| 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 |
9 | $1,332,000 |
$148,000 | $364,000 |
$70,000 | $129,000 |
| Application Denied By Financial Institution |
48 | $3,830,000 |
$79,000 | $475,000 |
$57,000 | $158,000 |
| Application Withdrawn By Applicant |
20 | $1,854,000 |
$92,000 | $250,000 |
$86,000 | $392,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
238 | $22,815,000 |
$95,000 | $650,000 |
$67,000 | $528,000 |
| 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 |
7 | $1,219,000 |
$174,000 | $351,000 |
$44,000 | $66,000 |
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| Collateral |
5 | $679,000 |
$135,000 | $417,000 |
$102,000 | $158,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
24 | $1,520,000 |
$63,000 | $200,000 |
$50,000 | $122,000 |
| Debt-To-Income Ratio |
20 | $2,137,000 |
$106,000 | $475,000 |
$55,000 | $131,000 |
| 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 |
6 | $713,000 |
$118,000 | $209,000 |
$41,000 | $78,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BAY FIRST BANK by:
Metropolitan Area And
County
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