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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMERS STATE BANK |
| Address | P O BOX 190
VICTOR, MT 59875 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 303 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,646,000 |
| Average Mortgage Loan Amount Applied For | $132,250 |
| Highest Mortgage Loan Amount Applied For | $454,000 |
| Average Applicant Income | $54,666 |
| Highest Applicant Income | $492,000 |
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| Home Improvement |
21 | $925,000 |
$44,000 | $237,000 |
$59,000 | $144,000 |
| Home Purchase |
158 | $21,447,000 |
$135,000 | $425,000 |
$53,000 | $243,000 |
| Refinancing |
124 | $16,274,000 |
$131,000 | $454,000 |
$61,000 | $492,000 |
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| American Indian or Alaskan Native |
2 | $47,000 |
$23,000 | $31,000 |
$33,000 | $42,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $451,000 |
$112,000 | $151,000 |
$44,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $8,000 |
$8,000 | $8,000 |
$88,000 | $88,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $330,000 |
$82,000 | $100,000 |
$36,000 | $41,000 |
| White |
292 | $37,810,000 |
$129,000 | $454,000 |
$57,000 | $492,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
288 | $36,615,000 |
$127,000 | $454,000 |
$57,000 | $492,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,537,000 |
$118,000 | $170,000 |
$36,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
2 | $494,000 |
$247,000 | $319,000 |
$100,000 | $107,000 |
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| Application Approved But Not Accepted |
1 | $40,000 |
$40,000 | $40,000 |
$11,000 | $11,000 |
| Application Denied By Financial Institution |
19 | $1,964,000 |
$103,000 | $425,000 |
$37,000 | $118,000 |
| Application Withdrawn By Applicant |
35 | $5,029,000 |
$143,000 | $285,000 |
$49,000 | $165,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
248 | $31,613,000 |
$127,000 | $454,000 |
$60,000 | $492,000 |
| 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 |
2 | $194,000 |
$97,000 | $125,000 |
$35,000 | $38,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $504,000 |
$100,000 | $250,000 |
$55,000 | $118,000 |
| Debt-To-Income Ratio |
7 | $643,000 |
$91,000 | $135,000 |
$37,000 | $66,000 |
| Employment History |
2 | $95,000 |
$47,000 | $65,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $425,000 |
$425,000 | $425,000 |
$47,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $100,000 |
$100,000 | $100,000 |
$41,000 | $41,000 |
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Mortgage Loan App Totals for FARMERS STATE BANK by:
Metropolitan Area And
County
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