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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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BURLINGTON BANK AND TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
BURLINGTON BANK AND TRUST |
| Address | 222 NORTH MAIN STREET
BURLINGTON, IA 52601 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 258 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,545,000 |
| Average Mortgage Loan Amount Applied For | $70,111 |
| Highest Mortgage Loan Amount Applied For | $345,000 |
| Average Applicant Income | $84,888 |
| Highest Applicant Income | $397,000 |
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| Home Improvement |
40 | $650,000 |
$16,000 | $192,000 |
$46,000 | $119,000 |
| Home Purchase |
94 | $8,216,000 |
$66,000 | $345,000 |
$54,333 | $397,000 |
| Refinancing |
130 | $6,117,000 |
$45,000 | $200,000 |
$62,000 | $255,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $76,000 |
$76,000 | $76,000 |
$8,000 | $8,000 |
| Black or African American |
6 | $192,000 |
$32,000 | $75,000 |
$32,000 | $50,000 |
| Hispanic |
6 | $400,000 |
$80,000 | $139,000 |
$67,500 | $187,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
251 | $14,315,000 |
$54,666 | $345,000 |
$56,666 | $397,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
262 | $14,882,000 |
$57,666 | $345,000 |
$58,000 | $397,000 |
| FHA-insured (Federal Housing Administration) |
1 | $50,000 |
$50,000 | $50,000 |
$32,000 | $32,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $51,000 |
$51,000 | $51,000 |
$26,000 | $26,000 |
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| Application Approved But Not Accepted |
2 | $126,000 |
$63,000 | $101,000 |
$53,000 | $66,000 |
| Application Denied By Financial Institution |
18 | $1,379,000 |
$76,000 | $200,000 |
$33,000 | $78,000 |
| Application Withdrawn By Applicant |
1 | $23,000 |
$23,000 | $23,000 |
$20,000 | $20,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
238 | $13,030,000 |
$36,000 | $345,000 |
$52,000 | $397,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $122,000 |
$122,000 | $122,000 |
$88,000 | $88,000 |
| Preapproval Denied by Financial Institution |
4 | $303,000 |
$75,000 | $100,000 |
$53,000 | $79,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $582,000 |
$77,000 | $109,000 |
$45,000 | $78,000 |
| Debt-To-Income Ratio |
6 | $556,000 |
$92,000 | $200,000 |
$22,000 | $46,000 |
| Employment History |
1 | $49,000 |
$49,000 | $49,000 |
$49,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $20,000 |
$20,000 | $20,000 |
$12,000 | $12,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BURLINGTON BANK AND TRUST by:
Metropolitan Area And
County
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