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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NATIONAL BANK |
| Address | 106 S. LAFAYETTE STREET
SHELBY, NC 28150 |
| 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 | 524 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,823,000 |
| Average Mortgage Loan Amount Applied For | $150,360 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $84,760 |
| Highest Applicant Income | $771,000 |
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| Home Improvement |
22 | $706,000 |
$32,000 | $165,000 |
$62,000 | $327,000 |
| Home Purchase |
262 | $28,810,000 |
$109,000 | $375,000 |
$61,000 | $354,000 |
| Refinancing |
240 | $28,307,000 |
$117,000 | $417,000 |
$63,000 | $771,000 |
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| American Indian or Alaskan Native |
1 | $104,000 |
$104,000 | $104,000 |
$30,000 | $30,000 |
| Asian |
1 | $159,000 |
$159,000 | $159,000 |
$110,000 | $110,000 |
| Black or African American |
25 | $1,798,000 |
$71,000 | $251,000 |
$46,000 | $103,000 |
| Hispanic |
12 | $789,000 |
$65,000 | $180,000 |
$43,000 | $95,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $665,000 |
$221,000 | $417,000 |
$177,000 | $261,000 |
| Not applicable |
15 | $1,468,000 |
$97,000 | $322,000 |
$0 | $0 |
| Not Provided |
1 | $10,000 |
$10,000 | $10,000 |
$44,000 | $44,000 |
| White |
466 | $52,830,000 |
$113,000 | $417,000 |
$65,000 | $771,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
515 | $56,982,000 |
$110,000 | $417,000 |
$63,000 | $771,000 |
| FHA-insured (Federal Housing Administration) |
4 | $370,000 |
$92,000 | $120,000 |
$28,000 | $37,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $304,000 |
$101,000 | $130,000 |
$45,000 | $58,000 |
| VA-guaranteed (Veterans Administration) |
2 | $167,000 |
$83,000 | $130,000 |
$44,000 | $53,000 |
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| Application Approved But Not Accepted |
1 | $67,000 |
$67,000 | $67,000 |
$86,000 | $86,000 |
| Application Denied By Financial Institution |
13 | $1,134,000 |
$87,000 | $240,000 |
$67,000 | $244,000 |
| Application Withdrawn By Applicant |
17 | $2,026,000 |
$119,000 | $245,000 |
$54,000 | $149,000 |
| File Closed For Incompleteness |
2 | $312,000 |
$156,000 | $193,000 |
$0 | $0 |
| Loan Originated |
491 | $54,284,000 |
$110,000 | $417,000 |
$63,000 | $771,000 |
| 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 |
3 | $328,000 |
$109,000 | $225,000 |
$119,000 | $244,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $391,000 |
$55,000 | $235,000 |
$46,000 | $130,000 |
| Debt-To-Income Ratio |
1 | $45,000 |
$45,000 | $45,000 |
$25,000 | $25,000 |
| 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 |
2 | $370,000 |
$185,000 | $240,000 |
$87,000 | $121,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST NATIONAL BANK by:
Metropolitan Area And
County
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