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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 SAVINGS BANK IA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL SAVINGS BANK IA |
| Address | 825 CENTRAL AVE
FORT DODGE, IA 50501 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,211 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $106,041,000 |
| Average Mortgage Loan Amount Applied For | $231,085 |
| Highest Mortgage Loan Amount Applied For | $4,350,000 |
| Average Applicant Income | $53,771 |
| Highest Applicant Income | $1,243,000 |
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| Home Improvement |
164 | $5,613,000 |
$34,000 | $500,000 |
$64,000 | $286,000 |
| Home Purchase |
826 | $88,238,000 |
$106,000 | $4,350,000 |
$51,000 | $1,243,000 |
| Refinancing |
444 | $31,019,000 |
$69,000 | $2,600,000 |
$59,000 | $288,000 |
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| American Indian or Alaskan Native |
2 | $120,000 |
$60,000 | $95,000 |
$68,000 | $100,000 |
| Asian |
12 | $1,065,000 |
$88,000 | $162,000 |
$51,000 | $96,000 |
| Black or African American |
18 | $1,480,000 |
$82,000 | $187,000 |
$59,000 | $117,000 |
| Hispanic |
28 | $2,018,000 |
$72,000 | $195,000 |
$55,000 | $121,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $60,000 |
$60,000 | $60,000 |
$45,000 | $45,000 |
| Not applicable |
12 | $15,512,000 |
$1,292,000 | $4,350,000 |
$11,000 | $134,000 |
| Not Provided |
19 | $1,682,000 |
$88,000 | $240,000 |
$63,000 | $345,000 |
| White |
1,342 | $102,933,000 |
$76,000 | $1,500,000 |
$56,000 | $1,243,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,365 | $118,557,000 |
$86,000 | $4,350,000 |
$56,000 | $1,243,000 |
| FHA-insured (Federal Housing Administration) |
53 | $4,672,000 |
$88,000 | $164,000 |
$39,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
16 | $1,641,000 |
$102,000 | $200,000 |
$49,000 | $95,000 |
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| Application Approved But Not Accepted |
47 | $4,700,000 |
$100,000 | $234,000 |
$58,000 | $156,000 |
| Application Denied By Financial Institution |
105 | $9,221,000 |
$87,000 | $660,000 |
$48,000 | $288,000 |
| Application Withdrawn By Applicant |
72 | $8,763,000 |
$121,000 | $1,400,000 |
$57,000 | $147,000 |
| File Closed For Incompleteness |
20 | $1,469,000 |
$73,000 | $172,000 |
$49,000 | $136,000 |
| Loan Originated |
935 | $68,593,000 |
$73,000 | $4,350,000 |
$63,000 | $1,243,000 |
| Loan Purchased By The Institution |
65 | $16,721,000 |
$257,000 | $2,569,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
93 | $8,038,000 |
$86,000 | $234,000 |
$46,000 | $113,000 |
| Preapproval Denied by Financial Institution |
97 | $7,365,000 |
$75,000 | $165,000 |
$36,000 | $96,000 |
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| Collateral |
9 | $1,297,000 |
$144,000 | $660,000 |
$76,000 | $288,000 |
| Credit Application Incomplete |
3 | $289,000 |
$96,000 | $165,000 |
$44,000 | $65,000 |
| Credit History |
102 | $7,889,000 |
$77,000 | $194,000 |
$41,000 | $96,000 |
| Debt-To-Income Ratio |
47 | $3,964,000 |
$84,000 | $302,000 |
$39,000 | $151,000 |
| Employment History |
6 | $311,000 |
$51,000 | $79,000 |
$25,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $435,000 |
$72,000 | $122,000 |
$35,000 | $48,000 |
| Mortgage Insurance Denied |
8 | $589,000 |
$73,000 | $137,000 |
$41,000 | $64,000 |
| Other |
20 | $1,785,000 |
$89,000 | $164,000 |
$52,000 | $99,000 |
| Unverifiable Information |
1 | $27,000 |
$27,000 | $27,000 |
$22,000 | $22,000 |
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Mortgage Loan App Totals for FIRST FEDERAL SAVINGS BANK IA by:
Metropolitan Area And
County
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