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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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CHEROKEE BANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHEROKEE BANK, N.A. |
| Address | 1275 RIVERSTONE PKWY
CANTON, GA 30114 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 52 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,806,000 |
| Average Mortgage Loan Amount Applied For | $134,333 |
| Highest Mortgage Loan Amount Applied For | $913,000 |
| Average Applicant Income | $65,444 |
| Highest Applicant Income | $307,000 |
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| Home Improvement |
20 | $390,000 |
$19,000 | $78,000 |
$60,000 | $198,000 |
| Home Purchase |
17 | $2,077,000 |
$122,000 | $376,000 |
$74,000 | $307,000 |
| Refinancing |
15 | $3,339,000 |
$222,000 | $913,000 |
$48,000 | $250,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $30,000 |
$15,000 | $20,000 |
$18,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $2,535,000 |
$181,000 | $913,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
36 | $3,241,000 |
$90,000 | $569,000 |
$88,000 | $307,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
52 | $5,806,000 |
$111,000 | $913,000 |
$61,000 | $307,000 |
| 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 |
7 | $82,000 |
$11,000 | $25,000 |
$26,000 | $52,000 |
| Application Withdrawn By Applicant |
3 | $58,000 |
$19,000 | $30,000 |
$44,000 | $86,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
42 | $5,666,000 |
$134,000 | $913,000 |
$68,000 | $307,000 |
| 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 |
3 | $38,000 |
$12,000 | $25,000 |
$22,000 | $36,000 |
| Debt-To-Income Ratio |
3 | $34,000 |
$11,000 | $20,000 |
$29,000 | $52,000 |
| 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 |
1 | $10,000 |
$10,000 | $10,000 |
$31,000 | $31,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHEROKEE BANK, N.A. by:
Metropolitan Area And
County
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