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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 & MERCHANTS BANK OF SC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS BANK OF SC |
| Address | 8624 OLD STATE ROAD, P.O. BOX 68
HOLLY HILL, SC 29059-0068 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 319 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,813,000 |
| Average Mortgage Loan Amount Applied For | $15,000 |
| Highest Mortgage Loan Amount Applied For | $350,000 |
| Average Applicant Income | $55,333 |
| Highest Applicant Income | $216,000 |
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| Home Improvement |
322 | $2,784,000 |
$8,000 | $145,000 |
$41,000 | $200,000 |
| Home Purchase |
64 | $3,405,000 |
$53,000 | $240,000 |
$60,000 | $184,000 |
| Refinancing |
70 | $3,849,000 |
$54,000 | $350,000 |
$49,000 | $216,000 |
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| American Indian or Alaskan Native |
3 | $78,000 |
$26,000 | $70,000 |
$28,000 | $46,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
183 | $2,149,000 |
$11,000 | $125,000 |
$36,000 | $200,000 |
| Hispanic |
1 | $22,000 |
$22,000 | $22,000 |
$31,000 | $31,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $38,000 |
$38,000 | $38,000 |
$22,000 | $22,000 |
| Not Provided |
25 | $124,000 |
$4,000 | $20,000 |
$46,000 | $101,000 |
| White |
243 | $7,627,000 |
$31,000 | $350,000 |
$52,000 | $216,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
456 | $10,038,000 |
$22,000 | $350,000 |
$45,000 | $216,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
66 | $917,000 |
$13,000 | $140,000 |
$40,000 | $125,000 |
| Application Withdrawn By Applicant |
9 | $697,000 |
$77,000 | $240,000 |
$77,000 | $144,000 |
| File Closed For Incompleteness |
1 | $55,000 |
$55,000 | $55,000 |
$43,000 | $43,000 |
| Loan Originated |
380 | $8,369,000 |
$22,000 | $350,000 |
$45,000 | $216,000 |
| 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 |
57 | $811,000 |
$14,000 | $140,000 |
$42,000 | $125,000 |
| Debt-To-Income Ratio |
4 | $31,000 |
$7,000 | $18,000 |
$29,000 | $51,000 |
| 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 |
5 | $75,000 |
$15,000 | $45,000 |
$33,000 | $58,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARMERS & MERCHANTS BANK OF SC by:
Metropolitan Area And
County
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