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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 CHOICE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST CHOICE BANK |
| Address | 1900 WEST STATE ST
GENEVA, IL 60134 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 216 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,001,000 |
| Average Mortgage Loan Amount Applied For | $172,850 |
| Highest Mortgage Loan Amount Applied For | $3,250,000 |
| Average Applicant Income | $123,950 |
| Highest Applicant Income | $393,000 |
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| Home Improvement |
2 | $763,000 |
$381,000 | $403,000 |
$127,000 | $177,000 |
| Home Purchase |
179 | $27,558,000 |
$153,000 | $642,000 |
$57,000 | $393,000 |
| Refinancing |
38 | $13,048,000 |
$343,000 | $3,250,000 |
$88,000 | $349,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $375,000 |
$125,000 | $184,000 |
$114,000 | $164,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $590,000 |
$147,000 | $417,000 |
$126,000 | $250,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
116 | $21,338,000 |
$183,000 | $3,250,000 |
$0 | $0 |
| Not Provided |
34 | $7,003,000 |
$205,000 | $860,000 |
$116,000 | $349,000 |
| White |
62 | $12,063,000 |
$194,000 | $488,000 |
$147,000 | $393,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
219 | $41,369,000 |
$188,000 | $3,250,000 |
$63,000 | $393,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
18 | $3,436,000 |
$190,000 | $470,000 |
$111,000 | $349,000 |
| Application Withdrawn By Applicant |
30 | $5,468,000 |
$182,000 | $512,000 |
$112,000 | $250,000 |
| File Closed For Incompleteness |
1 | $860,000 |
$860,000 | $860,000 |
$349,000 | $349,000 |
| Loan Originated |
168 | $31,325,000 |
$186,000 | $3,250,000 |
$47,000 | $393,000 |
| 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 |
2 | $280,000 |
$140,000 | $150,000 |
$74,000 | $83,000 |
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| Collateral |
5 | $724,000 |
$144,000 | $250,000 |
$147,000 | $349,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $870,000 |
$290,000 | $400,000 |
$122,000 | $155,000 |
| Debt-To-Income Ratio |
8 | $1,200,000 |
$150,000 | $292,000 |
$110,000 | $243,000 |
| Employment History |
1 | $194,000 |
$194,000 | $194,000 |
$48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $88,000 |
$88,000 | $88,000 |
$58,000 | $58,000 |
| Unverifiable Information |
2 | $640,000 |
$320,000 | $470,000 |
$32,000 | $65,000 |
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Mortgage Loan App Totals for FIRST CHOICE BANK by:
Metropolitan Area And
County
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