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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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BLACKHAWK STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BLACKHAWK STATE BANK |
| Address | 301 WEST FOURTH STREET
MILAN, IL 61264 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 476 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,412,000 |
| Average Mortgage Loan Amount Applied For | $91,523 |
| Highest Mortgage Loan Amount Applied For | $475,000 |
| Average Applicant Income | $96,523 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
65 | $2,137,000 |
$32,000 | $175,000 |
$53,000 | $506,000 |
| Home Purchase |
223 | $18,035,000 |
$80,000 | $475,000 |
$65,000 | $1,800,000 |
| Refinancing |
193 | $12,785,000 |
$66,000 | $405,000 |
$57,000 | $216,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $233,000 |
$58,000 | $196,000 |
$72,000 | $99,000 |
| Black or African American |
17 | $778,000 |
$45,000 | $133,000 |
$50,000 | $105,000 |
| Hispanic |
19 | $1,119,000 |
$58,000 | $192,000 |
$83,000 | $762,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
30 | $2,221,000 |
$74,000 | $225,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
411 | $28,606,000 |
$69,000 | $475,000 |
$64,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
481 | $32,957,000 |
$68,000 | $475,000 |
$60,000 | $1,800,000 |
| 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 |
31 | $2,885,000 |
$93,000 | $475,000 |
$58,000 | $200,000 |
| Application Denied By Financial Institution |
67 | $5,206,000 |
$77,000 | $260,000 |
$44,000 | $160,000 |
| Application Withdrawn By Applicant |
13 | $1,058,000 |
$81,000 | $188,000 |
$74,000 | $295,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
368 | $23,608,000 |
$64,000 | $425,000 |
$63,000 | $1,800,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $200,000 |
$100,000 | $100,000 |
$57,000 | $72,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
4 | $210,000 |
$52,000 | $120,000 |
$69,000 | $160,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $2,252,000 |
$72,000 | $195,000 |
$42,000 | $100,000 |
| Debt-To-Income Ratio |
21 | $1,949,000 |
$92,000 | $260,000 |
$37,000 | $120,000 |
| Employment History |
1 | $50,000 |
$50,000 | $50,000 |
$28,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $440,000 |
$146,000 | $226,000 |
$72,000 | $79,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $217,000 |
$36,000 | $73,000 |
$49,000 | $87,000 |
| Unverifiable Information |
1 | $88,000 |
$88,000 | $88,000 |
$18,000 | $18,000 |
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Mortgage Loan App Totals for BLACKHAWK STATE BANK by:
Metropolitan Area And
County
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