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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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COHUTTA BANKING COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
COHUTTA BANKING COMPANY |
| Address | PO BOX 10
CHATSWORTH, GA 30705 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 106 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,262,000 |
| Average Mortgage Loan Amount Applied For | $35,142 |
| Highest Mortgage Loan Amount Applied For | $248,000 |
| Average Applicant Income | $51,714 |
| Highest Applicant Income | $374,000 |
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| Home Improvement |
56 | $845,000 |
$15,000 | $120,000 |
$43,000 | $374,000 |
| Home Purchase |
23 | $1,976,000 |
$85,000 | $223,000 |
$45,000 | $180,000 |
| Refinancing |
27 | $1,441,000 |
$53,000 | $248,000 |
$56,000 | $181,000 |
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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 |
2 | $4,000 |
$2,000 | $3,000 |
$29,000 | $34,000 |
| Hispanic |
4 | $264,000 |
$66,000 | $178,000 |
$28,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $163,000 |
$81,000 | $83,000 |
$181,000 | $181,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
98 | $3,831,000 |
$39,000 | $248,000 |
$45,000 | $374,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
106 | $4,262,000 |
$40,000 | $248,000 |
$47,000 | $374,000 |
| 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 |
8 | $223,000 |
$27,000 | $61,000 |
$37,000 | $72,000 |
| Application Denied By Financial Institution |
31 | $888,000 |
$28,000 | $178,000 |
$33,000 | $180,000 |
| Application Withdrawn By Applicant |
3 | $182,000 |
$60,000 | $139,000 |
$46,000 | $59,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
64 | $2,969,000 |
$46,000 | $248,000 |
$55,000 | $374,000 |
| 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 |
20 | $473,000 |
$23,000 | $169,000 |
$32,000 | $180,000 |
| Debt-To-Income Ratio |
9 | $338,000 |
$37,000 | $178,000 |
$37,000 | $67,000 |
| 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 | $27,000 |
$27,000 | $27,000 |
$20,000 | $20,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for COHUTTA BANKING COMPANY by:
Metropolitan Area And
County
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