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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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BYRON BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BYRON BANK |
| Address | 2445 84TH ST SW
BYRON CENTER, MI 49315 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 666 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,611,000 |
| Average Mortgage Loan Amount Applied For | $159,040 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $96,120 |
| Highest Applicant Income | $662,000 |
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| Home Improvement |
85 | $1,760,000 |
$20,000 | $67,000 |
$59,000 | $216,000 |
| Home Purchase |
285 | $39,048,000 |
$137,000 | $1,400,000 |
$69,000 | $490,000 |
| Refinancing |
308 | $31,373,000 |
$101,000 | $920,000 |
$67,000 | $662,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $358,000 |
$119,000 | $144,000 |
$52,000 | $71,000 |
| Black or African American |
2 | $57,000 |
$28,000 | $50,000 |
$39,000 | $50,000 |
| Hispanic |
7 | $391,000 |
$55,000 | $158,000 |
$44,000 | $68,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $2,872,000 |
$287,000 | $1,400,000 |
$105,000 | $539,000 |
| Not Provided |
17 | $2,359,000 |
$138,000 | $360,000 |
$80,000 | $159,000 |
| White |
639 | $66,144,000 |
$103,000 | $1,000,000 |
$66,000 | $662,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
678 | $72,181,000 |
$106,000 | $1,400,000 |
$67,000 | $662,000 |
| 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 |
6 | $631,000 |
$105,000 | $175,000 |
$74,000 | $170,000 |
| Application Denied By Financial Institution |
53 | $4,440,000 |
$83,000 | $1,000,000 |
$58,000 | $490,000 |
| Application Withdrawn By Applicant |
56 | $7,338,000 |
$131,000 | $850,000 |
$55,000 | $180,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
551 | $58,202,000 |
$105,000 | $1,400,000 |
$69,000 | $662,000 |
| 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 |
12 | $1,570,000 |
$130,000 | $250,000 |
$61,000 | $128,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 BYRON BANK by:
Metropolitan Area And
County
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