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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 OPTION BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST OPTION BANK |
| Address | P O BOX 277
OSAWATOMIE, KS 66064 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 108 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,066,000 |
| Average Mortgage Loan Amount Applied For | $112,285 |
| Highest Mortgage Loan Amount Applied For | $322,000 |
| Average Applicant Income | $75,000 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
22 | $522,000 |
$23,000 | $100,000 |
$49,000 | $91,000 |
| Home Purchase |
45 | $4,799,000 |
$106,000 | $322,000 |
$75,000 | $400,000 |
| Refinancing |
49 | $5,202,000 |
$106,000 | $280,000 |
$57,000 | $150,000 |
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| American Indian or Alaskan Native |
1 | $32,000 |
$32,000 | $32,000 |
$107,000 | $107,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $70,000 |
$35,000 | $67,000 |
$27,000 | $34,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
113 | $10,421,000 |
$92,000 | $322,000 |
$63,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
116 | $10,523,000 |
$90,000 | $322,000 |
$63,000 | $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 |
14 | $1,158,000 |
$82,000 | $180,000 |
$37,000 | $68,000 |
| Application Withdrawn By Applicant |
10 | $1,323,000 |
$132,000 | $280,000 |
$69,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
92 | $8,042,000 |
$87,000 | $322,000 |
$66,000 | $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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST OPTION BANK by:
Metropolitan Area And
County
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