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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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CHARTERBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTERBANK |
| Address | 1233 O.G. SKINNER DRIVE
WEST POINT, GA 31833 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 631 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $86,255,000 |
| Average Mortgage Loan Amount Applied For | $167,210 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $99,921 |
| Highest Applicant Income | $1,371,000 |
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| Home Improvement |
1 | $174,000 |
$174,000 | $174,000 |
$55,000 | $55,000 |
| Home Purchase |
332 | $44,506,000 |
$134,000 | $800,000 |
$83,000 | $1,371,000 |
| Refinancing |
298 | $41,575,000 |
$139,000 | $775,000 |
$69,000 | $511,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,007,000 |
$143,000 | $423,000 |
$49,000 | $200,000 |
| Black or African American |
91 | $8,556,000 |
$94,000 | $400,000 |
$42,000 | $114,000 |
| Hispanic |
9 | $726,000 |
$80,000 | $128,000 |
$35,000 | $119,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $92,000 |
$92,000 | $92,000 |
$63,000 | $63,000 |
| White |
523 | $75,874,000 |
$145,000 | $800,000 |
$83,000 | $1,371,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
516 | $74,794,000 |
$144,000 | $800,000 |
$84,000 | $1,371,000 |
| FHA-insured (Federal Housing Administration) |
96 | $8,784,000 |
$91,000 | $188,000 |
$40,000 | $109,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
19 | $2,677,000 |
$140,000 | $250,000 |
$53,000 | $86,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
87 | $8,770,000 |
$100,000 | $440,000 |
$43,000 | $281,000 |
| Application Withdrawn By Applicant |
112 | $15,288,000 |
$136,000 | $800,000 |
$76,000 | $591,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
432 | $62,197,000 |
$143,000 | $775,000 |
$83,000 | $1,371,000 |
| 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 |
8 | $875,000 |
$109,000 | $240,000 |
$52,000 | $94,000 |
| Credit Application Incomplete |
3 | $607,000 |
$202,000 | $440,000 |
$120,000 | $281,000 |
| Credit History |
47 | $3,487,000 |
$74,000 | $192,000 |
$35,000 | $119,000 |
| Debt-To-Income Ratio |
21 | $3,286,000 |
$156,000 | $345,000 |
$44,000 | $124,000 |
| Employment History |
2 | $157,000 |
$78,000 | $117,000 |
$38,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $358,000 |
$59,000 | $118,000 |
$51,000 | $84,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHARTERBANK by:
Metropolitan Area And
County
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