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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 FINANCE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST STATE FINANCE, INC |
| Address | 100 EAST REELFOOT AVENUE
UNION CITY, TN 38261 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 204 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,738,000 |
| Average Mortgage Loan Amount Applied For | $37,978 |
| Highest Mortgage Loan Amount Applied For | $220,000 |
| Average Applicant Income | $43,260 |
| Highest Applicant Income | $159,000 |
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| Home Improvement |
33 | $843,000 |
$25,000 | $96,000 |
$40,000 | $86,000 |
| Home Purchase |
30 | $1,304,000 |
$43,000 | $220,000 |
$36,000 | $109,000 |
| Refinancing |
141 | $5,591,000 |
$39,000 | $219,000 |
$38,000 | $159,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
35 | $1,189,000 |
$33,000 | $96,000 |
$34,000 | $86,000 |
| Hispanic |
1 | $29,000 |
$29,000 | $29,000 |
$26,000 | $26,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $65,000 |
$21,000 | $32,000 |
$30,000 | $42,000 |
| White |
165 | $6,455,000 |
$39,000 | $220,000 |
$39,000 | $159,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
204 | $7,738,000 |
$37,000 | $220,000 |
$38,000 | $159,000 |
| 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 |
2 | $94,000 |
$47,000 | $72,000 |
$41,000 | $44,000 |
| Application Denied By Financial Institution |
39 | $1,468,000 |
$37,000 | $220,000 |
$33,000 | $109,000 |
| Application Withdrawn By Applicant |
39 | $1,458,000 |
$37,000 | $200,000 |
$34,000 | $159,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
124 | $4,718,000 |
$38,000 | $219,000 |
$41,000 | $159,000 |
| 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 STATE FINANCE, INC by:
Metropolitan Area And
County
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