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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 RELIANCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST RELIANCE BANK |
| Address | 2170 W PALMETTO STREET
FLORENCE, SC 29501 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,045 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $153,192,000 |
| Average Mortgage Loan Amount Applied For | $172,358 |
| Highest Mortgage Loan Amount Applied For | $1,970,000 |
| Average Applicant Income | $90,056 |
| Highest Applicant Income | $3,070,000 |
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| Home Improvement |
8 | $816,000 |
$102,000 | $275,000 |
$81,000 | $326,000 |
| Home Purchase |
778 | $105,528,000 |
$135,000 | $1,970,000 |
$58,000 | $1,400,000 |
| Refinancing |
274 | $48,312,000 |
$176,000 | $1,500,000 |
$89,000 | $3,070,000 |
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| American Indian or Alaskan Native |
1 | $40,000 |
$40,000 | $40,000 |
$22,000 | $22,000 |
| Asian |
10 | $1,576,000 |
$157,000 | $475,000 |
$34,000 | $60,000 |
| Black or African American |
127 | $14,150,000 |
$111,000 | $353,000 |
$42,000 | $218,000 |
| Hispanic |
13 | $1,439,000 |
$110,000 | $266,000 |
$64,000 | $226,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $184,000 |
$184,000 | $184,000 |
$44,000 | $44,000 |
| Not applicable |
16 | $5,060,000 |
$316,000 | $1,970,000 |
$0 | $0 |
| Not Provided |
11 | $2,538,000 |
$230,000 | $1,300,000 |
$320,000 | $3,070,000 |
| White |
881 | $129,669,000 |
$147,000 | $1,500,000 |
$68,000 | $1,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,032 | $152,558,000 |
$147,000 | $1,970,000 |
$67,000 | $3,070,000 |
| FHA-insured (Federal Housing Administration) |
27 | $1,928,000 |
$71,000 | $162,000 |
$35,000 | $80,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $170,000 |
$170,000 | $170,000 |
$60,000 | $60,000 |
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| Application Approved But Not Accepted |
5 | $783,000 |
$156,000 | $330,000 |
$66,000 | $104,000 |
| Application Denied By Financial Institution |
31 | $5,148,000 |
$166,000 | $1,500,000 |
$64,000 | $272,000 |
| Application Withdrawn By Applicant |
64 | $11,504,000 |
$179,000 | $1,300,000 |
$129,000 | $3,070,000 |
| File Closed For Incompleteness |
10 | $2,080,000 |
$208,000 | $625,000 |
$85,000 | $272,000 |
| Loan Originated |
932 | $133,002,000 |
$142,000 | $1,970,000 |
$62,000 | $1,400,000 |
| Loan Purchased By The Institution |
18 | $2,139,000 |
$118,000 | $253,000 |
$47,000 | $112,000 |
| 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 |
4 | $780,000 |
$195,000 | $444,000 |
$107,000 | $272,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $1,065,000 |
$106,000 | $250,000 |
$42,000 | $80,000 |
| Debt-To-Income Ratio |
6 | $2,168,000 |
$361,000 | $1,500,000 |
$76,000 | $246,000 |
| 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 |
11 | $1,135,000 |
$103,000 | $225,000 |
$62,000 | $114,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST RELIANCE BANK by:
Metropolitan Area And
County
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