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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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COMMUNITY FIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY FIRST BANK |
| Address | PO BOX 505
CORYDON, IN 47112 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 324 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,229,000 |
| Average Mortgage Loan Amount Applied For | $95,473 |
| Highest Mortgage Loan Amount Applied For | $1,650,000 |
| Average Applicant Income | $68,947 |
| Highest Applicant Income | $342,000 |
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| Home Improvement |
32 | $1,871,000 |
$58,000 | $180,000 |
$49,000 | $237,000 |
| Home Purchase |
179 | $15,196,000 |
$84,000 | $500,000 |
$57,000 | $342,000 |
| Refinancing |
134 | $11,724,000 |
$87,000 | $1,650,000 |
$48,000 | $143,000 |
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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 |
1 | $29,000 |
$29,000 | $29,000 |
$0 | $0 |
| Hispanic |
3 | $250,000 |
$83,000 | $195,000 |
$29,000 | $50,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $2,203,000 |
$244,000 | $1,650,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
332 | $26,309,000 |
$79,000 | $500,000 |
$55,000 | $342,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
345 | $28,791,000 |
$83,000 | $1,650,000 |
$53,000 | $342,000 |
| 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 |
25 | $2,199,000 |
$87,000 | $225,000 |
$54,000 | $181,000 |
| Application Denied By Financial Institution |
88 | $6,301,000 |
$71,000 | $345,000 |
$34,000 | $74,000 |
| Application Withdrawn By Applicant |
2 | $50,000 |
$25,000 | $41,000 |
$38,000 | $56,000 |
| File Closed For Incompleteness |
9 | $880,000 |
$97,000 | $185,000 |
$51,000 | $120,000 |
| Loan Originated |
221 | $19,361,000 |
$87,000 | $1,650,000 |
$60,000 | $342,000 |
| 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 |
4 | $320,000 |
$80,000 | $145,000 |
$56,000 | $74,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
38 | $2,527,000 |
$66,000 | $135,000 |
$35,000 | $71,000 |
| Debt-To-Income Ratio |
5 | $358,000 |
$71,000 | $170,000 |
$36,000 | $59,000 |
| Employment History |
1 | $56,000 |
$56,000 | $56,000 |
$26,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $111,000 |
$111,000 | $111,000 |
$30,000 | $30,000 |
| 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 COMMUNITY FIRST BANK by:
Metropolitan Area And
County
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