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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST STATE BANK |
| Address | 124 S. PHELPS ST.
DECATUR, MI 49045 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 66 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,947,000 |
| Average Mortgage Loan Amount Applied For | $89,500 |
| Highest Mortgage Loan Amount Applied For | $560,000 |
| Average Applicant Income | $66,250 |
| Highest Applicant Income | $197,000 |
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| Home Improvement |
8 | $588,000 |
$73,000 | $155,000 |
$62,000 | $95,000 |
| Home Purchase |
17 | $1,835,000 |
$107,000 | $270,000 |
$77,000 | $147,000 |
| Refinancing |
42 | $3,574,000 |
$85,000 | $560,000 |
$63,000 | $197,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $20,000 |
$20,000 | $20,000 |
$79,000 | $79,000 |
| Black or African American |
2 | $133,000 |
$66,000 | $91,000 |
$40,000 | $55,000 |
| 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 |
64 | $5,844,000 |
$91,000 | $560,000 |
$67,000 | $197,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
67 | $5,997,000 |
$89,000 | $560,000 |
$67,000 | $197,000 |
| 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 |
3 | $285,000 |
$95,000 | $150,000 |
$59,000 | $90,000 |
| Application Withdrawn By Applicant |
1 | $91,000 |
$91,000 | $91,000 |
$26,000 | $26,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
62 | $5,571,000 |
$89,000 | $560,000 |
$68,000 | $197,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$59,000 | $59,000 |
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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 STATE BANK by:
Metropolitan Area And
County
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