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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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DAKOTA COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
DAKOTA COMMUNITY BANK |
| Address | 919 S. 7TH STREET SUITE 101
BISMARCK, ND 58504 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 916 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $84,830,000 |
| Average Mortgage Loan Amount Applied For | $95,459 |
| Highest Mortgage Loan Amount Applied For | $929,000 |
| Average Applicant Income | $62,594 |
| Highest Applicant Income | $469,000 |
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| Home Improvement |
90 | $2,959,000 |
$32,000 | $500,000 |
$63,000 | $257,000 |
| Home Purchase |
657 | $66,670,000 |
$101,000 | $581,000 |
$52,000 | $469,000 |
| Refinancing |
190 | $17,061,000 |
$89,000 | $929,000 |
$60,000 | $410,000 |
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| American Indian or Alaskan Native |
14 | $1,189,000 |
$84,000 | $320,000 |
$65,000 | $344,000 |
| Asian |
2 | $113,000 |
$56,000 | $82,000 |
$23,000 | $23,000 |
| Black or African American |
4 | $422,000 |
$105,000 | $138,000 |
$38,000 | $46,000 |
| Hispanic |
4 | $175,000 |
$43,000 | $124,000 |
$42,000 | $73,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
22 | $3,536,000 |
$160,000 | $803,000 |
$0 | $0 |
| Not Provided |
38 | $2,898,000 |
$76,000 | $581,000 |
$54,000 | $240,000 |
| White |
853 | $78,357,000 |
$91,000 | $929,000 |
$56,000 | $469,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
686 | $58,590,000 |
$85,000 | $929,000 |
$58,000 | $469,000 |
| FHA-insured (Federal Housing Administration) |
155 | $16,528,000 |
$106,000 | $203,000 |
$45,000 | $127,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
64 | $7,380,000 |
$115,000 | $206,000 |
$42,000 | $78,000 |
| VA-guaranteed (Veterans Administration) |
32 | $4,192,000 |
$131,000 | $237,000 |
$51,000 | $84,000 |
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| Application Approved But Not Accepted |
21 | $623,000 |
$29,000 | $85,000 |
$50,000 | $127,000 |
| Application Denied By Financial Institution |
88 | $6,139,000 |
$69,000 | $929,000 |
$41,000 | $134,000 |
| Application Withdrawn By Applicant |
68 | $4,739,000 |
$69,000 | $325,000 |
$50,000 | $179,000 |
| File Closed For Incompleteness |
4 | $99,000 |
$24,000 | $53,000 |
$27,000 | $39,000 |
| Loan Originated |
756 | $75,090,000 |
$99,000 | $803,000 |
$57,000 | $469,000 |
| 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 |
14 | $679,000 |
$48,000 | $167,000 |
$33,000 | $58,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
49 | $2,659,000 |
$54,000 | $315,000 |
$44,000 | $119,000 |
| Debt-To-Income Ratio |
15 | $1,990,000 |
$132,000 | $929,000 |
$35,000 | $72,000 |
| Employment History |
3 | $91,000 |
$30,000 | $72,000 |
$28,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $319,000 |
$106,000 | $148,000 |
$55,000 | $90,000 |
| Mortgage Insurance Denied |
1 | $98,000 |
$98,000 | $98,000 |
$76,000 | $76,000 |
| Other |
3 | $303,000 |
$101,000 | $133,000 |
$66,000 | $134,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DAKOTA COMMUNITY BANK by:
Metropolitan Area And
County
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