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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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CAMBRIDGE STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAMBRIDGE STATE BANK |
| Address | 127 S MAIN ST
CAMBRIDGE, MN 55008 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,192,000 |
| Average Mortgage Loan Amount Applied For | $161,133 |
| Highest Mortgage Loan Amount Applied For | $631,000 |
| Average Applicant Income | $72,266 |
| Highest Applicant Income | $244,000 |
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| Home Improvement |
4 | $225,000 |
$56,000 | $100,000 |
$159,000 | $242,000 |
| Home Purchase |
28 | $3,909,000 |
$139,000 | $631,000 |
$74,000 | $242,000 |
| Refinancing |
49 | $6,058,000 |
$123,000 | $400,000 |
$65,000 | $244,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $100,000 |
$100,000 | $100,000 |
$150,000 | $150,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $200,000 |
$200,000 | $200,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
79 | $9,892,000 |
$125,000 | $631,000 |
$72,000 | $244,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
81 | $10,192,000 |
$125,000 | $631,000 |
$73,000 | $244,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
15 | $2,459,000 |
$163,000 | $268,000 |
$48,000 | $99,000 |
| Application Withdrawn By Applicant |
7 | $658,000 |
$94,000 | $214,000 |
$56,000 | $94,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
59 | $7,075,000 |
$119,000 | $631,000 |
$81,000 | $244,000 |
| 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 |
1 | $8,000 |
$8,000 | $8,000 |
$19,000 | $19,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $2,133,000 |
$177,000 | $230,000 |
$50,000 | $99,000 |
| Debt-To-Income Ratio |
2 | $318,000 |
$159,000 | $268,000 |
$50,000 | $68,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CAMBRIDGE STATE BANK by:
Metropolitan Area And
County
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