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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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CITIZENS BANK MINNESOTA
Mortgage Loans and Application Details
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| Mortgage Company Name |
CITIZENS BANK MINNESOTA |
| Address | 105 NORTH MINNESOTA STREET
NEW ULM, MN 56073 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 203 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,447,000 |
| Average Mortgage Loan Amount Applied For | $126,090 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $96,227 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
46 | $2,052,000 |
$44,000 | $300,000 |
$60,000 | $134,000 |
| Home Purchase |
96 | $10,648,000 |
$110,000 | $360,000 |
$65,000 | $400,000 |
| Refinancing |
61 | $5,747,000 |
$94,000 | $350,000 |
$60,000 | $193,000 |
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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 |
1 | $4,000 |
$4,000 | $4,000 |
$37,000 | $37,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,156,000 |
$192,000 | $350,000 |
$0 | $0 |
| Not Provided |
2 | $184,000 |
$92,000 | $94,000 |
$49,000 | $71,000 |
| White |
194 | $17,103,000 |
$88,000 | $360,000 |
$64,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
203 | $18,447,000 |
$90,000 | $360,000 |
$62,000 | $400,000 |
| 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 |
1 | $35,000 |
$35,000 | $35,000 |
$54,000 | $54,000 |
| Application Denied By Financial Institution |
5 | $783,000 |
$156,000 | $300,000 |
$22,000 | $60,000 |
| Application Withdrawn By Applicant |
2 | $116,000 |
$58,000 | $87,000 |
$20,000 | $30,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
195 | $17,513,000 |
$89,000 | $360,000 |
$64,000 | $400,000 |
| 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 |
2 | $470,000 |
$235,000 | $300,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $142,000 |
$142,000 | $142,000 |
$60,000 | $60,000 |
| Debt-To-Income Ratio |
2 | $171,000 |
$85,000 | $100,000 |
$26,000 | $32,000 |
| 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 CITIZENS BANK MINNESOTA by:
Metropolitan Area And
County
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