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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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FARMERS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS BANK |
| Address | PO BOX 220
AULT, CO 80610 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 36 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,366,000 |
| Average Mortgage Loan Amount Applied For | $93,000 |
| Highest Mortgage Loan Amount Applied For | $320,000 |
| Average Applicant Income | $382,000 |
| Highest Applicant Income | $1,614,000 |
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| Home Improvement |
2 | $35,000 |
$17,000 | $27,000 |
$73,000 | $94,000 |
| Home Purchase |
22 | $2,948,000 |
$134,000 | $510,000 |
$47,000 | $140,000 |
| Refinancing |
34 | $4,457,000 |
$131,000 | $750,000 |
$414,000 | $1,614,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $176,000 |
$88,000 | $156,000 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
6 | $587,000 |
$97,000 | $275,000 |
$37,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,017,000 |
$169,000 | $510,000 |
$43,000 | $92,000 |
| White |
44 | $5,660,000 |
$128,000 | $750,000 |
$335,000 | $1,614,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
58 | $7,440,000 |
$128,000 | $750,000 |
$263,000 | $1,614,000 |
| 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 |
10 | $922,000 |
$92,000 | $128,000 |
$1,298,000 | $1,614,000 |
| Application Denied By Financial Institution |
13 | $1,087,000 |
$83,000 | $213,000 |
$13,000 | $53,000 |
| Application Withdrawn By Applicant |
19 | $3,160,000 |
$166,000 | $510,000 |
$57,000 | $106,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
16 | $2,271,000 |
$141,000 | $750,000 |
$63,000 | $329,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 FARMERS BANK by:
Metropolitan Area And
County
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