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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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CHARTER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTER BANK |
| Address | 5526 NW 86TH STREET
JOHNSTON, IA 50131 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 91 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,315,000 |
| Average Mortgage Loan Amount Applied For | $103,166 |
| Highest Mortgage Loan Amount Applied For | $615,000 |
| Average Applicant Income | $121,000 |
| Highest Applicant Income | $620,000 |
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| Home Improvement |
29 | $835,000 |
$28,000 | $180,000 |
$100,000 | $255,000 |
| Home Purchase |
33 | $4,266,000 |
$129,000 | $615,000 |
$124,000 | $620,000 |
| Refinancing |
29 | $1,214,000 |
$41,000 | $274,000 |
$76,000 | $177,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $170,000 |
$170,000 | $170,000 |
$65,000 | $65,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $138,000 |
$138,000 | $138,000 |
$43,000 | $43,000 |
| White |
89 | $6,007,000 |
$67,000 | $615,000 |
$102,000 | $620,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
91 | $6,315,000 |
$69,000 | $615,000 |
$101,000 | $620,000 |
| 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 |
8 | $709,000 |
$88,000 | $170,000 |
$67,000 | $131,000 |
| Application Denied By Financial Institution |
5 | $522,000 |
$104,000 | $180,000 |
$53,000 | $84,000 |
| Application Withdrawn By Applicant |
1 | $350,000 |
$350,000 | $350,000 |
$328,000 | $328,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
77 | $4,734,000 |
$61,000 | $615,000 |
$105,000 | $620,000 |
| 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 | $139,000 |
$139,000 | $139,000 |
$51,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $180,000 |
$180,000 | $180,000 |
$46,000 | $46,000 |
| Debt-To-Income Ratio |
2 | $108,000 |
$54,000 | $80,000 |
$48,000 | $84,000 |
| 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 |
1 | $95,000 |
$95,000 | $95,000 |
$72,000 | $72,000 |
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Mortgage Loan App Totals for CHARTER BANK by:
Metropolitan Area And
County
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