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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANK |
| Address | 341 N MAIN STREET
TROY, NC 27371 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,713 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $178,324,000 |
| Average Mortgage Loan Amount Applied For | $125,871 |
| Highest Mortgage Loan Amount Applied For | $1,590,000 |
| Average Applicant Income | $75,514 |
| Highest Applicant Income | $3,213,000 |
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| Home Improvement |
279 | $13,862,000 |
$49,000 | $414,000 |
$53,000 | $432,000 |
| Home Purchase |
844 | $85,886,000 |
$101,000 | $1,590,000 |
$84,000 | $3,213,000 |
| Refinancing |
590 | $78,576,000 |
$133,000 | $1,252,000 |
$69,000 | $705,000 |
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| American Indian or Alaskan Native |
118 | $8,487,000 |
$71,000 | $355,000 |
$50,000 | $227,000 |
| Asian |
6 | $1,311,000 |
$218,000 | $909,000 |
$61,000 | $120,000 |
| Black or African American |
123 | $7,742,000 |
$62,000 | $325,000 |
$48,000 | $186,000 |
| Hispanic |
60 | $4,599,000 |
$76,000 | $386,000 |
$59,000 | $252,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
116 | $16,658,000 |
$143,000 | $1,590,000 |
$128,000 | $3,213,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,290 | $139,527,000 |
$108,000 | $979,000 |
$74,000 | $2,719,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,713 | $178,324,000 |
$104,000 | $1,590,000 |
$74,000 | $3,213,000 |
| 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 |
12 | $2,076,000 |
$173,000 | $615,000 |
$70,000 | $256,000 |
| Application Denied By Financial Institution |
126 | $8,745,000 |
$69,000 | $784,000 |
$38,000 | $199,000 |
| Application Withdrawn By Applicant |
17 | $1,145,000 |
$67,000 | $170,000 |
$35,000 | $93,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,558 | $166,358,000 |
$106,000 | $1,590,000 |
$77,000 | $3,213,000 |
| 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 |
4 | $297,000 |
$74,000 | $124,000 |
$34,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
91 | $6,150,000 |
$67,000 | $784,000 |
$37,000 | $199,000 |
| Debt-To-Income Ratio |
26 | $1,975,000 |
$75,000 | $232,000 |
$42,000 | $138,000 |
| Employment History |
3 | $113,000 |
$37,000 | $52,000 |
$13,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $210,000 |
$105,000 | $135,000 |
$72,000 | $120,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST BANK by:
Metropolitan Area And
County
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