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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 STATE BANK OF BRECKENR
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS STATE BANK OF BRECKENR |
| Address | 316 E SAGINAW STREET
BRECKENRIDGE, MI 48615 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 47 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,955,000 |
| Average Mortgage Loan Amount Applied For | $176,000 |
| Highest Mortgage Loan Amount Applied For | $1,030,000 |
| Average Applicant Income | $79,714 |
| Highest Applicant Income | $286,000 |
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| Home Improvement |
18 | $325,000 |
$18,000 | $73,000 |
$52,000 | $127,000 |
| Home Purchase |
6 | $237,000 |
$39,000 | $58,000 |
$118,000 | $124,000 |
| Refinancing |
23 | $4,393,000 |
$191,000 | $1,030,000 |
$89,000 | $286,000 |
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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 | $14,000 |
$14,000 | $14,000 |
$45,000 | $45,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $367,000 |
$183,000 | $350,000 |
$36,000 | $73,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
44 | $4,574,000 |
$103,000 | $1,030,000 |
$81,000 | $286,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47 | $4,955,000 |
$105,000 | $1,030,000 |
$79,000 | $286,000 |
| 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 | $25,000 |
$25,000 | $25,000 |
$80,000 | $80,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
46 | $4,930,000 |
$107,000 | $1,030,000 |
$79,000 | $286,000 |
| 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 STATE BANK OF BRECKENR by:
Metropolitan Area And
County
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