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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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FIRSTBANK-ALMA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRSTBANK-ALMA |
| Address | 311 WOODWORTH AVE
ALMA, MI 48801 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 164 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,092,000 |
| Average Mortgage Loan Amount Applied For | $48,125 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $107,125 |
| Highest Applicant Income | $423,000 |
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| Home Improvement |
48 | $1,926,000 |
$40,000 | $750,000 |
$56,000 | $275,000 |
| Home Purchase |
17 | $865,000 |
$50,000 | $292,000 |
$71,000 | $323,000 |
| Refinancing |
101 | $3,326,000 |
$32,000 | $166,000 |
$75,000 | $423,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $41,000 |
$41,000 | $41,000 |
$130,000 | $130,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $32,000 |
$16,000 | $17,000 |
$82,000 | $88,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $750,000 |
$750,000 | $750,000 |
$0 | $0 |
| Not Provided |
4 | $208,000 |
$52,000 | $125,000 |
$171,000 | $423,000 |
| White |
158 | $5,086,000 |
$32,000 | $292,000 |
$66,000 | $390,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
166 | $6,117,000 |
$36,000 | $750,000 |
$69,000 | $423,000 |
| 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 |
7 | $853,000 |
$121,000 | $750,000 |
$38,000 | $64,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
159 | $5,264,000 |
$33,000 | $292,000 |
$70,000 | $423,000 |
| 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 FIRSTBANK-ALMA by:
Metropolitan Area And
County
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