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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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CENTRAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CENTRAL BANK |
| Address | 1400 18TH STREET
SPIRIT LAKE, IA 51360 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 415 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,235,000 |
| Average Mortgage Loan Amount Applied For | $157,470 |
| Highest Mortgage Loan Amount Applied For | $2,900,000 |
| Average Applicant Income | $92,764 |
| Highest Applicant Income | $2,243,000 |
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| Home Improvement |
12 | $313,000 |
$26,000 | $97,000 |
$47,000 | $169,000 |
| Home Purchase |
262 | $38,409,000 |
$146,000 | $2,900,000 |
$85,000 | $2,243,000 |
| Refinancing |
141 | $22,513,000 |
$159,000 | $1,450,000 |
$72,000 | $850,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $259,000 |
$86,000 | $140,000 |
$76,000 | $94,000 |
| Black or African American |
2 | $321,000 |
$160,000 | $198,000 |
$59,000 | $75,000 |
| Hispanic |
35 | $2,336,000 |
$66,000 | $153,000 |
$37,000 | $137,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $5,251,000 |
$656,000 | $1,450,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
367 | $53,068,000 |
$144,000 | $2,900,000 |
$85,000 | $2,243,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
388 | $58,771,000 |
$151,000 | $2,900,000 |
$82,000 | $2,243,000 |
| FHA-insured (Federal Housing Administration) |
17 | $1,931,000 |
$113,000 | $183,000 |
$56,000 | $137,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
10 | $533,000 |
$53,000 | $100,000 |
$28,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
26 | $3,403,000 |
$130,000 | $674,000 |
$87,000 | $340,000 |
| Application Denied By Financial Institution |
37 | $2,212,000 |
$59,000 | $195,000 |
$40,000 | $149,000 |
| Application Withdrawn By Applicant |
17 | $2,964,000 |
$174,000 | $702,000 |
$70,000 | $251,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
335 | $52,656,000 |
$157,000 | $2,900,000 |
$84,000 | $2,243,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $72,000 |
$72,000 | $72,000 |
$34,000 | $34,000 |
| 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 CENTRAL BANK by:
Metropolitan Area And
County
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