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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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CHERRYVILLE FEDERAL S & L ASSN
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHERRYVILLE FEDERAL S & L ASSN |
| Address | PO BOX 369
CHERRYVILLE, NC 28021 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 174 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,272,000 |
| Average Mortgage Loan Amount Applied For | $92,000 |
| Highest Mortgage Loan Amount Applied For | $388,000 |
| Average Applicant Income | $78,000 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
1 | $80,000 |
$80,000 | $80,000 |
$80,000 | $80,000 |
| Home Purchase |
84 | $8,095,000 |
$96,000 | $388,000 |
$77,000 | $246,000 |
| Refinancing |
89 | $6,097,000 |
$68,000 | $264,000 |
$73,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $237,000 |
$79,000 | $90,000 |
$57,000 | $60,000 |
| Black or African American |
9 | $479,000 |
$53,000 | $100,000 |
$41,000 | $89,000 |
| Hispanic |
1 | $78,000 |
$78,000 | $78,000 |
$36,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
161 | $13,478,000 |
$83,000 | $388,000 |
$77,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
174 | $14,272,000 |
$82,000 | $388,000 |
$75,000 | $600,000 |
| 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 |
23 | $1,981,000 |
$86,000 | $255,000 |
$48,000 | $107,000 |
| Application Withdrawn By Applicant |
32 | $2,819,000 |
$88,000 | $335,000 |
$53,000 | $152,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
119 | $9,472,000 |
$79,000 | $388,000 |
$86,000 | $600,000 |
| 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 |
21 | $1,826,000 |
$86,000 | $255,000 |
$46,000 | $107,000 |
| Debt-To-Income Ratio |
2 | $155,000 |
$77,000 | $86,000 |
$71,000 | $89,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHERRYVILLE FEDERAL S & L ASSN by:
Metropolitan Area And
County
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