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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 BK OF VA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FEDERAL SAVINGS BK OF VA |
| Address | P.O. BOX 1777
PETERSBURG, VA 23805 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 248 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,514,000 |
| Average Mortgage Loan Amount Applied For | $96,391 |
| Highest Mortgage Loan Amount Applied For | $990,000 |
| Average Applicant Income | $60,869 |
| Highest Applicant Income | $270,000 |
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| Home Improvement |
50 | $2,016,000 |
$40,000 | $250,000 |
$63,000 | $151,000 |
| Home Purchase |
46 | $6,523,000 |
$141,000 | $443,000 |
$46,000 | $173,000 |
| Refinancing |
154 | $13,165,000 |
$85,000 | $990,000 |
$70,000 | $270,000 |
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| American Indian or Alaskan Native |
1 | $25,000 |
$25,000 | $25,000 |
$27,000 | $27,000 |
| Asian |
7 | $723,000 |
$103,000 | $182,000 |
$68,000 | $110,000 |
| Black or African American |
26 | $1,298,000 |
$49,000 | $213,000 |
$48,000 | $104,000 |
| Hispanic |
3 | $257,000 |
$85,000 | $117,000 |
$57,000 | $101,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $2,158,000 |
$154,000 | $443,000 |
$0 | $0 |
| Not Provided |
2 | $295,000 |
$147,000 | $225,000 |
$127,000 | $131,000 |
| White |
197 | $16,948,000 |
$86,000 | $990,000 |
$71,000 | $270,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
250 | $21,704,000 |
$86,000 | $990,000 |
$64,000 | $270,000 |
| 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 |
4 | $479,000 |
$119,000 | $275,000 |
$49,000 | $71,000 |
| Application Denied By Financial Institution |
12 | $817,000 |
$68,000 | $225,000 |
$47,000 | $123,000 |
| Application Withdrawn By Applicant |
9 | $1,229,000 |
$136,000 | $200,000 |
$50,000 | $131,000 |
| File Closed For Incompleteness |
4 | $499,000 |
$124,000 | $230,000 |
$40,000 | $72,000 |
| Loan Originated |
221 | $18,680,000 |
$84,000 | $990,000 |
$67,000 | $270,000 |
| 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 |
1 | $150,000 |
$150,000 | $150,000 |
$31,000 | $31,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $503,000 |
$62,000 | $225,000 |
$58,000 | $123,000 |
| Debt-To-Income Ratio |
2 | $50,000 |
$25,000 | $30,000 |
$20,000 | $27,000 |
| Employment History |
1 | $114,000 |
$114,000 | $114,000 |
$33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST FEDERAL SAVINGS BK OF VA by:
Metropolitan Area And
County
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