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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 VIRGINIA MORTGAGE CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST VIRGINIA MORTGAGE CO. |
| Address | 223 West Nash Street
Wilson, NC 27893 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 781 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $149,385,000 |
| Average Mortgage Loan Amount Applied For | $158,690 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $83,950 |
| Highest Applicant Income | $509,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
56 | $11,089,000 |
$201,000 | $536,000 |
$74,000 | $290,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
725 | $138,296,000 |
$288,500 | $650,000 |
$78,500 | $509,000 |
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| American Indian or Alaskan Native |
8 | $876,000 |
$95,500 | $194,000 |
$64,500 | $128,000 |
| Asian or Pacific Islander |
34 | $6,418,000 |
$188,000 | $338,000 |
$106,000 | $250,000 |
| Black |
27 | $4,801,000 |
$204,500 | $485,000 |
$104,000 | $245,000 |
| Hispanic |
11 | $1,847,000 |
$167,000 | $349,000 |
$78,000 | $179,000 |
| Information not provided by applicant in mail or telephone application |
175 | $35,627,000 |
$155,333 | $593,000 |
$109,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $2,174,000 |
$452,000 | $650,000 |
$70,500 | $128,000 |
| White |
519 | $97,642,000 |
$170,333 | $625,000 |
$84,666 | $509,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
781 | $149,385,000 |
$288,750 | $650,000 |
$77,750 | $509,000 |
| 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 |
141 | $25,532,000 |
$162,333 | $625,000 |
$91,333 | $350,000 |
| Application Denied By Financial Institution |
131 | $22,625,000 |
$166,333 | $540,000 |
$81,666 | $386,000 |
| Application Withdrawn By Applicant |
2 | $584,000 |
$292,000 | $507,000 |
$61,500 | $98,000 |
| File Closed For Incompleteness |
27 | $5,062,000 |
$312,500 | $650,000 |
$94,250 | $250,000 |
| Loan Originated |
480 | $95,582,000 |
$163,333 | $600,000 |
$91,666 | $509,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
18 | $3,395,000 |
$216,000 | $305,000 |
$90,500 | $145,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
49 | $7,075,000 |
$116,333 | $540,000 |
$73,666 | $386,000 |
| Debt-To-Income Ratio |
37 | $6,913,000 |
$247,000 | $383,000 |
$91,333 | $144,000 |
| Employment History |
1 | $120,000 |
$120,000 | $120,000 |
$81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $536,000 |
$536,000 | $536,000 |
$142,000 | $142,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
23 | $4,126,000 |
$157,333 | $525,000 |
$90,000 | $357,000 |
| Unverifiable Information |
2 | $460,000 |
$230,000 | $280,000 |
$136,000 | $137,000 |
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Mortgage Loan App Totals for FIRST VIRGINIA MORTGAGE CO. by:
Metropolitan Area And
County
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