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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 VOLUNTEER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST VOLUNTEER BANK |
| Address | 728 BROAD STREET
CHATTANOOGA, TN 37402 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 971 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,963,000 |
| Average Mortgage Loan Amount Applied For | $100,979 |
| Highest Mortgage Loan Amount Applied For | $1,028,000 |
| Average Applicant Income | $66,367 |
| Highest Applicant Income | $669,000 |
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| Home Improvement |
153 | $4,940,000 |
$32,000 | $376,000 |
$44,000 | $669,000 |
| Home Purchase |
473 | $53,628,000 |
$113,000 | $1,028,000 |
$64,000 | $573,000 |
| Refinancing |
345 | $29,395,000 |
$85,000 | $780,000 |
$59,000 | $536,000 |
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| American Indian or Alaskan Native |
2 | $137,000 |
$68,000 | $132,000 |
$40,000 | $80,000 |
| Asian |
5 | $556,000 |
$111,000 | $179,000 |
$58,000 | $124,000 |
| Black or African American |
17 | $1,841,000 |
$108,000 | $641,000 |
$97,000 | $205,000 |
| Hispanic |
7 | $339,000 |
$48,000 | $96,000 |
$58,000 | $213,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $3,478,000 |
$165,000 | $780,000 |
$0 | $0 |
| Not Provided |
11 | $1,114,000 |
$101,000 | $170,000 |
$69,000 | $183,000 |
| White |
908 | $80,498,000 |
$88,000 | $1,028,000 |
$60,000 | $669,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
967 | $87,635,000 |
$90,000 | $1,028,000 |
$59,000 | $669,000 |
| FHA-insured (Federal Housing Administration) |
2 | $213,000 |
$106,000 | $150,000 |
$44,000 | $66,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $115,000 |
$57,000 | $79,000 |
$24,000 | $27,000 |
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| Application Approved But Not Accepted |
145 | $11,096,000 |
$76,000 | $400,000 |
$62,000 | $275,000 |
| Application Denied By Financial Institution |
213 | $10,871,000 |
$51,000 | $263,000 |
$24,000 | $156,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
612 | $65,484,000 |
$107,000 | $1,028,000 |
$71,000 | $669,000 |
| Loan Purchased By The Institution |
1 | $512,000 |
$512,000 | $512,000 |
$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 |
8 | $708,000 |
$88,000 | $160,000 |
$49,000 | $114,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
144 | $5,765,000 |
$40,000 | $263,000 |
$14,000 | $151,000 |
| Debt-To-Income Ratio |
54 | $3,936,000 |
$72,000 | $200,000 |
$42,000 | $152,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $335,000 |
$83,000 | $125,000 |
$87,000 | $156,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $127,000 |
$42,000 | $85,000 |
$51,000 | $78,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST VOLUNTEER BANK by:
Metropolitan Area And
County
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