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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 GULF BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST GULF BANK |
| Address | 1821 N. MCKINSEY STREET
FOLEY, AL 36535 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,216 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $174,831,000 |
| Average Mortgage Loan Amount Applied For | $146,640 |
| Highest Mortgage Loan Amount Applied For | $881,000 |
| Average Applicant Income | $139,640 |
| Highest Applicant Income | $1,279,000 |
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| Home Improvement (one-to-four family) |
42 | $3,129,000 |
$92,000 | $259,000 |
$386,500 | $756,000 |
| Home Purchase (one-to-four family) |
468 | $70,407,000 |
$230,750 | $881,000 |
$132,000 | $1,279,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
2 | $745,000 |
$372,000 | $615,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
704 | $100,550,000 |
$189,600 | $850,000 |
$131,400 | $1,093,000 |
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| American Indian or Alaskan Native |
1 | $189,000 |
$189,000 | $189,000 |
$0 | $0 |
| Asian or Pacific Islander |
3 | $337,000 |
$112,000 | $184,000 |
$65,000 | $81,000 |
| Black |
19 | $1,990,000 |
$104,000 | $286,000 |
$48,000 | $113,000 |
| Hispanic |
3 | $495,000 |
$165,000 | $260,000 |
$193,000 | $492,000 |
| Information not provided by applicant in mail or telephone application |
9 | $1,522,000 |
$195,500 | $323,000 |
$124,500 | $361,000 |
| Not applicable |
11 | $3,093,000 |
$281,000 | $850,000 |
$47,000 | $510,000 |
| Other |
1 | $280,000 |
$280,000 | $280,000 |
$219,000 | $219,000 |
| White |
1,169 | $166,925,000 |
$203,857 | $881,000 |
$211,142 | $1,279,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,198 | $172,962,000 |
$207,375 | $881,000 |
$199,750 | $1,279,000 |
| FHA-insured (Federal Housing Administration) |
14 | $1,350,000 |
$96,000 | $148,000 |
$31,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $519,000 |
$129,000 | $200,000 |
$158,000 | $501,000 |
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| Application Approved But Not Accepted |
33 | $5,029,000 |
$152,000 | $380,000 |
$56,000 | $307,000 |
| Application Denied By Financial Institution |
85 | $9,361,000 |
$110,000 | $702,000 |
$41,000 | $250,000 |
| Application Withdrawn By Applicant |
86 | $12,337,000 |
$198,000 | $638,000 |
$64,500 | $395,000 |
| File Closed For Incompleteness |
5 | $853,000 |
$170,000 | $323,000 |
$70,000 | $113,000 |
| Loan Originated |
1,007 | $147,251,000 |
$207,250 | $881,000 |
$205,125 | $1,279,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
7 | $1,356,000 |
$193,000 | $682,000 |
$77,000 | $129,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
47 | $4,395,000 |
$93,000 | $702,000 |
$31,000 | $250,000 |
| Debt-To-Income Ratio |
29 | $3,493,000 |
$120,000 | $400,000 |
$46,000 | $113,000 |
| Employment History |
1 | $101,000 |
$101,000 | $101,000 |
$51,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $16,000 |
$16,000 | $16,000 |
$14,000 | $14,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST GULF BANK by:
Metropolitan Area And
County
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