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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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CHEMICAL BANK WEST
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHEMICAL BANK WEST |
| Address | 2185 THREE MILE ROAD NW
GRAND RAPIDS, MI 49544 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,828 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $176,891,000 |
| Average Mortgage Loan Amount Applied For | $106,928 |
| Highest Mortgage Loan Amount Applied For | $2,405,000 |
| Average Applicant Income | $68,714 |
| Highest Applicant Income | $1,961,000 |
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| Home Improvement |
313 | $8,065,000 |
$25,000 | $1,200,000 |
$51,000 | $425,000 |
| Home Purchase |
634 | $80,888,000 |
$134,000 | $820,000 |
$59,500 | $1,961,000 |
| Refinancing |
890 | $88,741,000 |
$140,500 | $2,405,000 |
$114,000 | $780,000 |
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| American Indian or Alaskan Native |
3 | $247,000 |
$82,000 | $213,000 |
$46,000 | $85,000 |
| Asian |
11 | $1,522,000 |
$138,000 | $512,000 |
$61,000 | $202,000 |
| Black or African American |
9 | $696,000 |
$96,000 | $120,000 |
$31,500 | $72,000 |
| Hispanic |
87 | $8,062,000 |
$90,500 | $322,000 |
$262,500 | $1,961,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $66,000 |
$66,000 | $66,000 |
$29,000 | $29,000 |
| Not applicable |
39 | $10,309,000 |
$264,000 | $2,405,000 |
$0 | $0 |
| Not Provided |
61 | $2,323,000 |
$38,000 | $272,000 |
$57,000 | $165,000 |
| White |
1,626 | $154,469,000 |
$135,200 | $870,000 |
$60,800 | $780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,830 | $177,087,000 |
$137,200 | $2,405,000 |
$81,400 | $1,961,000 |
| FHA-insured (Federal Housing Administration) |
1 | $119,000 |
$119,000 | $119,000 |
$29,000 | $29,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $488,000 |
$81,000 | $132,000 |
$30,000 | $53,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
102 | $11,115,000 |
$108,000 | $576,000 |
$62,000 | $1,961,000 |
| Application Denied By Financial Institution |
206 | $13,701,000 |
$66,000 | $513,000 |
$41,000 | $165,000 |
| Application Withdrawn By Applicant |
69 | $8,040,000 |
$189,500 | $320,000 |
$244,000 | $771,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,449 | $143,869,000 |
$139,750 | $2,405,000 |
$38,500 | $780,000 |
| Loan Purchased By The Institution |
2 | $166,000 |
$83,000 | $89,000 |
$31,000 | $34,000 |
| Preapproval Approved but not Accepted |
7 | $675,000 |
$96,000 | $120,000 |
$171,000 | $1,751,000 |
| Preapproval Denied by Financial Institution |
2 | $128,000 |
$64,000 | $80,000 |
$29,000 | $44,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 CHEMICAL BANK WEST by:
Metropolitan Area And
County
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