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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 NATION BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NATION BANK |
| Address | PO Box 1107
Covington, GA 30015 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 89 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,021,000 |
| Average Mortgage Loan Amount Applied For | $144,666 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $118,083 |
| Highest Applicant Income | $1,673,000 |
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| Home Improvement (one-to-four family) |
51 | $466,000 |
$9,000 | $66,000 |
$49,000 | $154,000 |
| Home Purchase (one-to-four family) |
27 | $3,790,000 |
$140,000 | $900,000 |
$178,000 | $927,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
11 | $765,000 |
$81,500 | $169,000 |
$94,000 | $1,673,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
13 | $155,000 |
$11,000 | $49,000 |
$35,000 | $91,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $387,000 |
$96,000 | $125,000 |
$315,000 | $927,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
72 | $4,479,000 |
$79,000 | $900,000 |
$87,000 | $1,673,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
89 | $5,021,000 |
$76,000 | $900,000 |
$87,000 | $1,673,000 |
| 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 |
19 | $227,000 |
$11,000 | $100,000 |
$39,000 | $69,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
70 | $4,794,000 |
$82,500 | $900,000 |
$99,000 | $1,673,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $209,000 |
$13,000 | $100,000 |
$43,000 | $60,000 |
| Debt-To-Income Ratio |
1 | $7,000 |
$7,000 | $7,000 |
$12,000 | $12,000 |
| Employment History |
1 | $1,000 |
$1,000 | $1,000 |
$18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $10,000 |
$10,000 | $10,000 |
$69,000 | $69,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST NATION BANK by:
Metropolitan Area And
County
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