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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS & MERCHANTS STATE BANK |
| Address | P. O. BOX 29
WINTERSET, IA 50273-0029 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 116 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,556,000 |
| Average Mortgage Loan Amount Applied For | $65,700 |
| Highest Mortgage Loan Amount Applied For | $376,000 |
| Average Applicant Income | $73,700 |
| Highest Applicant Income | $377,000 |
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| Home Improvement |
23 | $531,000 |
$23,000 | $115,000 |
$56,000 | $175,000 |
| Home Purchase |
36 | $3,852,000 |
$107,000 | $376,000 |
$77,000 | $377,000 |
| Refinancing |
57 | $3,173,000 |
$55,000 | $228,000 |
$53,000 | $178,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $20,000 |
$20,000 | $20,000 |
$28,000 | $28,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $494,000 |
$82,000 | $228,000 |
$3,000 | $21,000 |
| Not Provided |
3 | $47,000 |
$15,000 | $25,000 |
$30,000 | $47,000 |
| White |
106 | $6,995,000 |
$65,000 | $376,000 |
$66,000 | $377,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
116 | $7,556,000 |
$65,000 | $376,000 |
$61,000 | $377,000 |
| 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 |
16 | $1,098,000 |
$68,000 | $215,000 |
$35,000 | $90,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
100 | $6,458,000 |
$64,000 | $376,000 |
$65,000 | $377,000 |
| 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 |
1 | $103,000 |
$103,000 | $103,000 |
$61,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $298,000 |
$37,000 | $140,000 |
$36,000 | $90,000 |
| Debt-To-Income Ratio |
4 | $587,000 |
$146,000 | $215,000 |
$34,000 | $66,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $50,000 |
$50,000 | $50,000 |
$48,000 | $48,000 |
| 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 STATE BANK by:
Metropolitan Area And
County
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