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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 WESTERN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST WESTERN BANK |
| Address | PO BOX 402
WALL, SD 57790 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 360 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,018,000 |
| Average Mortgage Loan Amount Applied For | $106,153 |
| Highest Mortgage Loan Amount Applied For | $610,000 |
| Average Applicant Income | $87,153 |
| Highest Applicant Income | $772,000 |
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| Home Improvement |
45 | $1,423,000 |
$31,000 | $295,000 |
$44,000 | $239,000 |
| Home Purchase |
197 | $22,760,000 |
$115,000 | $428,000 |
$61,000 | $575,000 |
| Refinancing |
118 | $13,835,000 |
$117,000 | $610,000 |
$75,000 | $772,000 |
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| American Indian or Alaskan Native |
9 | $769,000 |
$85,000 | $156,000 |
$44,000 | $97,000 |
| Asian |
2 | $137,000 |
$68,000 | $134,000 |
$32,000 | $46,000 |
| Black or African American |
1 | $45,000 |
$45,000 | $45,000 |
$59,000 | $59,000 |
| Hispanic |
10 | $525,000 |
$52,000 | $126,000 |
$50,000 | $122,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
20 | $2,968,000 |
$148,000 | $593,000 |
$0 | $0 |
| Not Provided |
5 | $346,000 |
$69,000 | $140,000 |
$53,000 | $97,000 |
| White |
313 | $33,228,000 |
$106,000 | $610,000 |
$69,000 | $772,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
333 | $34,588,000 |
$103,000 | $610,000 |
$65,000 | $772,000 |
| FHA-insured (Federal Housing Administration) |
2 | $240,000 |
$120,000 | $150,000 |
$68,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
9 | $1,083,000 |
$120,000 | $147,000 |
$38,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
16 | $2,107,000 |
$131,000 | $194,000 |
$45,000 | $70,000 |
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| Application Approved But Not Accepted |
6 | $811,000 |
$135,000 | $190,000 |
$81,000 | $169,000 |
| Application Denied By Financial Institution |
28 | $1,152,000 |
$41,000 | $144,000 |
$42,000 | $107,000 |
| Application Withdrawn By Applicant |
39 | $4,332,000 |
$111,000 | $340,000 |
$60,000 | $180,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
287 | $31,723,000 |
$110,000 | $610,000 |
$65,000 | $772,000 |
| 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 WESTERN BANK by:
Metropolitan Area And
County
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