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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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CHEAHA BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHEAHA BANK |
| Address | P.O. BOX 7575
OXFORD, AL 36203 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 247 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,268,000 |
| Average Mortgage Loan Amount Applied For | $127,076 |
| Highest Mortgage Loan Amount Applied For | $663,000 |
| Average Applicant Income | $90,615 |
| Highest Applicant Income | $550,000 |
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| Home Improvement |
16 | $670,000 |
$41,000 | $167,000 |
$49,000 | $115,000 |
| Home Purchase |
118 | $9,631,000 |
$81,000 | $350,000 |
$63,000 | $232,000 |
| Refinancing |
113 | $12,967,000 |
$114,000 | $663,000 |
$114,000 | $550,000 |
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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 |
15 | $1,092,000 |
$72,000 | $229,000 |
$44,000 | $99,000 |
| Hispanic |
7 | $524,000 |
$74,000 | $220,000 |
$66,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $115,000 |
$57,000 | $65,000 |
$34,000 | $39,000 |
| Not applicable |
38 | $4,602,000 |
$121,000 | $649,000 |
$147,000 | $500,000 |
| Not Provided |
12 | $1,338,000 |
$111,000 | $250,000 |
$109,000 | $500,000 |
| White |
173 | $15,597,000 |
$90,000 | $663,000 |
$75,000 | $550,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
247 | $23,268,000 |
$94,000 | $663,000 |
$85,000 | $550,000 |
| 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 |
22 | $1,776,000 |
$80,000 | $350,000 |
$37,000 | $129,000 |
| Application Withdrawn By Applicant |
42 | $5,268,000 |
$125,000 | $300,000 |
$68,000 | $190,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
183 | $16,224,000 |
$88,000 | $663,000 |
$95,000 | $550,000 |
| 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 |
17 | $1,548,000 |
$91,000 | $350,000 |
$38,000 | $129,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $96,000 |
$48,000 | $72,000 |
$28,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $61,000 |
$61,000 | $61,000 |
$30,000 | $30,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $10,000 |
$10,000 | $10,000 |
$43,000 | $43,000 |
| Unverifiable Information |
1 | $61,000 |
$61,000 | $61,000 |
$30,000 | $30,000 |
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Mortgage Loan App Totals for CHEAHA BANK by:
Metropolitan Area And
County
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