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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 NATIONAL BANK OF ALTAVIS
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NATIONAL BANK OF ALTAVIS |
| Address | 622 BROAD STREET
ALTAVISTA, VA 24517 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 233 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,176,000 |
| Average Mortgage Loan Amount Applied For | $104,666 |
| Highest Mortgage Loan Amount Applied For | $1,580,000 |
| Average Applicant Income | $57,000 |
| Highest Applicant Income | $1,400,000 |
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| Home Improvement |
43 | $838,000 |
$19,000 | $100,000 |
$61,000 | $310,000 |
| Home Purchase |
79 | $9,220,000 |
$116,000 | $780,000 |
$84,000 | $1,400,000 |
| Refinancing |
112 | $12,168,000 |
$108,000 | $1,580,000 |
$61,000 | $250,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $3,000 |
$3,000 | $3,000 |
$41,000 | $41,000 |
| Black or African American |
17 | $391,000 |
$23,000 | $80,000 |
$37,000 | $91,000 |
| Hispanic |
4 | $111,000 |
$27,000 | $56,000 |
$57,000 | $62,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
17 | $3,475,000 |
$204,000 | $1,580,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
195 | $18,246,000 |
$93,000 | $780,000 |
$78,000 | $1,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
234 | $22,226,000 |
$94,000 | $1,580,000 |
$68,000 | $1,400,000 |
| 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 |
13 | $1,019,000 |
$78,000 | $348,000 |
$31,000 | $75,000 |
| Application Withdrawn By Applicant |
13 | $1,317,000 |
$101,000 | $225,000 |
$55,000 | $152,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
208 | $19,890,000 |
$95,000 | $1,580,000 |
$72,000 | $1,400,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $442,000 |
$55,000 | $98,000 |
$27,000 | $60,000 |
| Debt-To-Income Ratio |
4 | $459,000 |
$114,000 | $348,000 |
$48,000 | $75,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $118,000 |
$118,000 | $118,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST NATIONAL BANK OF ALTAVIS by:
Metropolitan Area And
County
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