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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 FEDERAL OF CHARLESTON
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL OF CHARLESTON |
| Address | 2440 MALL DRIVE, SUITE 100
CHARLESTON, SC 29406 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,418 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $507,425,000 |
| Average Mortgage Loan Amount Applied For | $59,806 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $51,157 |
| Highest Applicant Income | $5,856,000 |
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| Home Improvement |
73 | $5,170,000 |
$70,000 | $850,000 |
$87,000 | $910,000 |
| Home Purchase |
4,018 | $355,655,000 |
$88,000 | $3,104,000 |
$55,000 | $5,856,000 |
| Refinancing |
1,057 | $179,202,000 |
$169,000 | $6,000,000 |
$76,000 | $757,000 |
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| American Indian or Alaskan Native |
71 | $3,455,000 |
$48,000 | $525,000 |
$38,000 | $119,000 |
| Asian |
32 | $3,189,000 |
$99,000 | $400,000 |
$85,000 | $166,000 |
| Black or African American |
785 | $48,705,000 |
$62,000 | $504,000 |
$44,000 | $1,919,000 |
| Hispanic |
115 | $5,865,000 |
$51,000 | $217,000 |
$40,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,620,000 |
$180,000 | $549,000 |
$65,000 | $129,000 |
| Not applicable |
214 | $54,026,000 |
$252,000 | $6,000,000 |
$118,000 | $5,856,000 |
| Not Provided |
218 | $33,086,000 |
$151,000 | $2,300,000 |
$75,000 | $859,000 |
| White |
3,704 | $390,081,000 |
$105,000 | $3,104,000 |
$60,000 | $1,207,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,148 | $540,027,000 |
$104,000 | $6,000,000 |
$60,000 | $5,856,000 |
| 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 |
683 | $52,497,000 |
$76,000 | $2,700,000 |
$54,000 | $1,000,000 |
| Application Denied By Financial Institution |
1,610 | $94,429,000 |
$58,000 | $2,050,000 |
$41,000 | $1,919,000 |
| Application Withdrawn By Applicant |
232 | $31,455,000 |
$135,000 | $2,680,000 |
$86,000 | $5,856,000 |
| File Closed For Incompleteness |
8 | $1,473,000 |
$184,000 | $395,000 |
$79,000 | $192,000 |
| Loan Originated |
2,465 | $333,720,000 |
$135,000 | $6,000,000 |
$69,000 | $1,207,000 |
| Loan Purchased By The Institution |
150 | $26,453,000 |
$176,000 | $556,000 |
$97,000 | $298,000 |
| 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 | $2,855,000 |
$101,000 | $549,000 |
$60,000 | $166,000 |
| Credit Application Incomplete |
1 | $2,050,000 |
$2,050,000 | $2,050,000 |
$520,000 | $520,000 |
| Credit History |
1,212 | $60,102,000 |
$49,000 | $545,000 |
$39,000 | $1,919,000 |
| Debt-To-Income Ratio |
294 | $22,341,000 |
$75,000 | $999,000 |
$39,000 | $200,000 |
| Employment History |
30 | $1,160,000 |
$38,000 | $82,000 |
$42,000 | $143,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
21 | $3,727,000 |
$177,000 | $543,000 |
$61,000 | $122,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,533,000 |
$117,000 | $198,000 |
$58,000 | $150,000 |
| Unverifiable Information |
11 | $661,000 |
$60,000 | $181,000 |
$33,000 | $65,000 |
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Mortgage Loan App Totals for FIRST FEDERAL OF CHARLESTON by:
Metropolitan Area And
County
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