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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 BANK OF GEORGIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK OF GEORGIA |
| Address | 2743 PERIMETER PKWY BLDG 100, SUITE 100
AUGUSTA, GA 30909 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,744 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $691,648,000 |
| Average Mortgage Loan Amount Applied For | $155,429 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $77,679 |
| Highest Applicant Income | $3,481,000 |
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| Home Improvement |
45 | $1,141,000 |
$25,000 | $101,000 |
$78,000 | $297,000 |
| Home Purchase |
2,888 | $413,061,000 |
$143,000 | $900,000 |
$73,000 | $3,481,000 |
| Refinancing |
1,812 | $277,796,000 |
$153,000 | $1,500,000 |
$75,000 | $959,000 |
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| American Indian or Alaskan Native |
12 | $2,062,000 |
$171,000 | $360,000 |
$66,000 | $129,000 |
| Asian |
63 | $8,748,000 |
$138,000 | $416,000 |
$62,000 | $186,000 |
| Black or African American |
625 | $86,263,000 |
$138,000 | $755,000 |
$60,000 | $554,000 |
| Hispanic |
173 | $22,604,000 |
$130,000 | $408,000 |
$62,000 | $432,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,630,000 |
$203,000 | $417,000 |
$75,000 | $192,000 |
| Not applicable |
16 | $1,052,000 |
$65,000 | $107,000 |
$3,000 | $63,000 |
| Not Provided |
256 | $39,722,000 |
$155,000 | $850,000 |
$54,000 | $466,000 |
| White |
3,592 | $529,917,000 |
$147,000 | $1,500,000 |
$79,000 | $3,481,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,574 | $516,687,000 |
$144,000 | $1,500,000 |
$80,000 | $3,481,000 |
| FHA-insured (Federal Housing Administration) |
557 | $69,962,000 |
$125,000 | $299,000 |
$48,000 | $364,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
16 | $2,076,000 |
$129,000 | $205,000 |
$37,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
598 | $103,273,000 |
$172,000 | $416,000 |
$64,000 | $217,000 |
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| Application Approved But Not Accepted |
68 | $10,201,000 |
$150,000 | $980,000 |
$68,000 | $300,000 |
| Application Denied By Financial Institution |
200 | $27,759,000 |
$138,000 | $850,000 |
$55,000 | $432,000 |
| Application Withdrawn By Applicant |
451 | $62,948,000 |
$139,000 | $715,000 |
$58,000 | $1,000,000 |
| File Closed For Incompleteness |
156 | $22,721,000 |
$145,000 | $560,000 |
$61,000 | $408,000 |
| Loan Originated |
3,541 | $521,131,000 |
$147,000 | $1,500,000 |
$78,000 | $3,481,000 |
| Loan Purchased By The Institution |
329 | $47,238,000 |
$143,000 | $650,000 |
$73,000 | $364,000 |
| 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 |
28 | $3,862,000 |
$137,000 | $475,000 |
$73,000 | $186,000 |
| Credit Application Incomplete |
21 | $2,923,000 |
$139,000 | $450,000 |
$68,000 | $276,000 |
| Credit History |
76 | $10,469,000 |
$137,000 | $850,000 |
$35,000 | $240,000 |
| Debt-To-Income Ratio |
22 | $3,143,000 |
$142,000 | $406,000 |
$68,000 | $269,000 |
| Employment History |
2 | $182,000 |
$91,000 | $138,000 |
$40,000 | $45,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $772,000 |
$110,000 | $141,000 |
$33,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $3,027,000 |
$178,000 | $447,000 |
$90,000 | $432,000 |
| Unverifiable Information |
5 | $667,000 |
$133,000 | $204,000 |
$62,000 | $115,000 |
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Mortgage Loan App Totals for FIRST BANK OF GEORGIA by:
Metropolitan Area And
County
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