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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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FIRST AMERICAN BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST AMERICAN BANK & TRUST |
| Address | 133 S. Main
SIOUX FALLS, SD 57101 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,163 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $139,567,000 |
| Average Mortgage Loan Amount Applied For | $128,093 |
| Highest Mortgage Loan Amount Applied For | $9,400,000 |
| Average Applicant Income | $76,023 |
| Highest Applicant Income | $802,000 |
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| Home Improvement (one-to-four family) |
35 | $848,000 |
$24,000 | $89,000 |
$42,000 | $131,000 |
| Home Purchase (one-to-four family) |
501 | $53,200,000 |
$132,555 | $322,000 |
$59,666 | $802,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
10 | $10,882,000 |
$1,088,000 | $9,400,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
617 | $74,637,000 |
$146,333 | $650,000 |
$96,666 | $652,000 |
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| American Indian or Alaskan Native |
2 | $146,000 |
$73,000 | $125,000 |
$78,000 | $116,000 |
| Asian or Pacific Islander |
11 | $1,129,000 |
$102,000 | $157,000 |
$51,000 | $116,000 |
| Black |
8 | $659,000 |
$82,000 | $108,000 |
$50,000 | $75,000 |
| Hispanic |
17 | $1,570,000 |
$92,000 | $147,000 |
$42,000 | $58,000 |
| Information not provided by applicant in mail or telephone application |
1 | $6,000 |
$6,000 | $6,000 |
$25,000 | $25,000 |
| Not applicable |
4 | $9,826,000 |
$2,456,000 | $9,400,000 |
$14,000 | $43,000 |
| Other |
3 | $228,000 |
$76,000 | $87,000 |
$37,000 | $41,000 |
| White |
1,117 | $126,003,000 |
$143,000 | $800,000 |
$76,100 | $802,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
854 | $106,538,000 |
$144,250 | $9,400,000 |
$85,625 | $802,000 |
| FHA-insured (Federal Housing Administration) |
255 | $26,043,000 |
$82,500 | $157,000 |
$37,250 | $145,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $699,000 |
$99,000 | $124,000 |
$29,000 | $57,000 |
| VA-guaranteed (Veterans Administration) |
47 | $6,287,000 |
$165,333 | $240,000 |
$67,666 | $145,000 |
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| Application Approved But Not Accepted |
7 | $1,075,000 |
$176,000 | $240,000 |
$79,333 | $151,000 |
| Application Denied By Financial Institution |
35 | $3,143,000 |
$89,000 | $190,000 |
$36,000 | $80,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,121 | $135,349,000 |
$144,400 | $9,400,000 |
$76,500 | $802,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $258,000 |
$86,000 | $89,000 |
$51,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
21 | $1,955,000 |
$93,000 | $190,000 |
$36,000 | $80,000 |
| Debt-To-Income Ratio |
6 | $459,000 |
$76,000 | $140,000 |
$30,000 | $49,000 |
| Employment History |
1 | $11,000 |
$11,000 | $11,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $267,000 |
$133,000 | $157,000 |
$47,000 | $61,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $193,000 |
$96,000 | $133,000 |
$30,000 | $39,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST AMERICAN BANK & TRUST by:
Metropolitan Area And
County
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