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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 | 1009 PEOPLES SQUARE
WATERLOO, IA 50702 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 120 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,239,000 |
| Average Mortgage Loan Amount Applied For | $120,666 |
| Highest Mortgage Loan Amount Applied For | $1,029,000 |
| Average Applicant Income | $54,000 |
| Highest Applicant Income | $403,000 |
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| Home Improvement |
22 | $676,000 |
$30,000 | $112,000 |
$66,000 | $122,000 |
| Home Purchase |
110 | $11,687,000 |
$106,000 | $776,000 |
$62,000 | $403,000 |
| Refinancing |
75 | $8,498,000 |
$113,000 | $1,029,000 |
$42,000 | $185,000 |
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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 | $84,000 |
$84,000 | $84,000 |
$36,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $4,012,000 |
$200,000 | $1,029,000 |
$0 | $0 |
| Not Provided |
5 | $531,000 |
$106,000 | $176,000 |
$44,000 | $129,000 |
| White |
181 | $16,234,000 |
$89,000 | $504,000 |
$62,000 | $403,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
207 | $20,861,000 |
$100,000 | $1,029,000 |
$55,000 | $403,000 |
| 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 |
9 | $1,025,000 |
$113,000 | $230,000 |
$60,000 | $87,000 |
| Application Denied By Financial Institution |
30 | $2,379,000 |
$79,000 | $180,000 |
$37,000 | $77,000 |
| Application Withdrawn By Applicant |
4 | $418,000 |
$104,000 | $200,000 |
$68,000 | $84,000 |
| File Closed For Incompleteness |
1 | $180,000 |
$180,000 | $180,000 |
$82,000 | $82,000 |
| Loan Originated |
157 | $16,279,000 |
$103,000 | $1,029,000 |
$58,000 | $403,000 |
| 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 |
6 | $580,000 |
$96,000 | $176,000 |
$51,000 | $129,000 |
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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 by:
Metropolitan Area And
County
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