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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 SAVINGS BA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS SAVINGS BA |
| Address | 2235 MORMON TREK BLVD
IOWA CITY, IA 52246 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 35 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,147,000 |
| Average Mortgage Loan Amount Applied For | $101,000 |
| Highest Mortgage Loan Amount Applied For | $195,000 |
| Average Applicant Income | $57,500 |
| Highest Applicant Income | $202,000 |
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| Home Improvement |
3 | $221,000 |
$73,000 | $105,000 |
$70,000 | $84,000 |
| Home Purchase |
26 | $2,847,000 |
$109,000 | $252,000 |
$53,000 | $202,000 |
| Refinancing |
18 | $1,262,000 |
$70,000 | $165,000 |
$65,000 | $106,000 |
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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 | $142,000 |
$142,000 | $142,000 |
$75,000 | $75,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $66,000 |
$33,000 | $34,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
44 | $4,122,000 |
$93,000 | $252,000 |
$61,000 | $202,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $4,330,000 |
$92,000 | $252,000 |
$58,000 | $202,000 |
| 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 |
1 | $160,000 |
$160,000 | $160,000 |
$69,000 | $69,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
46 | $4,170,000 |
$90,000 | $252,000 |
$58,000 | $202,000 |
| 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 & MERCHANTS SAVINGS BA by:
Metropolitan Area And
County
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