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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 MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS MORTGAGE |
| Address | 1517 CENTRE PLACE SUITE 200
DENTON, TX 76205 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 670 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $77,854,000 |
| Average Mortgage Loan Amount Applied For | $146,114 |
| Highest Mortgage Loan Amount Applied For | $840,000 |
| Average Applicant Income | $87,114 |
| Highest Applicant Income | $786,000 |
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| Home Improvement |
12 | $676,000 |
$56,000 | $216,000 |
$72,000 | $150,000 |
| Home Purchase |
457 | $46,113,000 |
$158,800 | $750,000 |
$80,600 | $786,000 |
| Refinancing |
202 | $31,119,000 |
$495,000 | $840,000 |
$254,000 | $454,000 |
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| American Indian or Alaskan Native |
4 | $524,000 |
$131,500 | $220,000 |
$51,500 | $84,000 |
| Asian |
14 | $1,926,000 |
$137,000 | $750,000 |
$100,000 | $312,000 |
| Black or African American |
22 | $2,165,000 |
$98,000 | $175,000 |
$56,000 | $160,000 |
| Hispanic |
51 | $5,535,000 |
$102,000 | $334,000 |
$75,000 | $165,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
23 | $895,000 |
$38,000 | $198,000 |
$6,000 | $44,000 |
| Not Provided |
89 | $13,100,000 |
$164,000 | $650,000 |
$91,500 | $466,000 |
| White |
468 | $53,763,000 |
$295,200 | $840,000 |
$143,200 | $786,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
632 | $73,399,000 |
$274,500 | $840,000 |
$140,666 | $786,000 |
| FHA-insured (Federal Housing Administration) |
33 | $3,862,000 |
$113,000 | $169,000 |
$37,500 | $105,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $13,000 |
$13,000 | $13,000 |
$32,000 | $32,000 |
| VA-guaranteed (Veterans Administration) |
5 | $634,000 |
$126,000 | $210,000 |
$61,000 | $112,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $584,000 |
$73,000 | $180,000 |
$60,000 | $143,000 |
| Application Withdrawn By Applicant |
35 | $3,624,000 |
$111,000 | $320,000 |
$63,500 | $312,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
628 | $73,700,000 |
$273,666 | $840,000 |
$143,666 | $786,000 |
| 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 |
1 | $180,000 |
$180,000 | $180,000 |
$143,000 | $143,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $128,000 |
$128,000 | $128,000 |
$34,000 | $34,000 |
| 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 & MERCHANTS MORTGAGE by:
Metropolitan Area And
County
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