|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRSTBANK-ALMA MTG CO
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRSTBANK-ALMA MTG CO |
| 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 | 284 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,254,000 |
| Average Mortgage Loan Amount Applied For | $170,818 |
| Highest Mortgage Loan Amount Applied For | $1,220,000 |
| Average Applicant Income | $97,000 |
| Highest Applicant Income | $423,000 |
|
|
|
| Home Improvement |
11 | $850,000 |
$77,000 | $145,000 |
$47,000 | $85,000 |
| Home Purchase |
186 | $17,652,000 |
$94,000 | $572,000 |
$53,000 | $423,000 |
| Refinancing |
116 | $11,715,000 |
$100,000 | $1,220,000 |
$57,000 | $399,000 |
|
|
| American Indian or Alaskan Native |
1 | $26,000 |
$26,000 | $26,000 |
$31,000 | $31,000 |
| Asian |
2 | $580,000 |
$290,000 | $360,000 |
$276,000 | $423,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
9 | $1,735,000 |
$192,000 | $1,220,000 |
$91,000 | $399,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $292,000 |
$292,000 | $292,000 |
$135,000 | $135,000 |
| Not applicable |
1 | $122,000 |
$122,000 | $122,000 |
$0 | $0 |
| Not Provided |
3 | $250,000 |
$83,000 | $130,000 |
$39,000 | $46,000 |
| White |
296 | $27,212,000 |
$91,000 | $572,000 |
$52,000 | $333,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
305 | $29,600,000 |
$97,000 | $1,220,000 |
$55,000 | $423,000 |
| FHA-insured (Federal Housing Administration) |
1 | $77,000 |
$77,000 | $77,000 |
$34,000 | $34,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $540,000 |
$77,000 | $107,000 |
$32,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
10 | $1,843,000 |
$184,000 | $1,220,000 |
$74,000 | $399,000 |
| Application Denied By Financial Institution |
64 | $5,082,000 |
$79,000 | $255,000 |
$36,000 | $87,000 |
| Application Withdrawn By Applicant |
4 | $364,000 |
$91,000 | $190,000 |
$121,000 | $186,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
208 | $21,080,000 |
$101,000 | $572,000 |
$60,000 | $423,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $50,000 |
$50,000 | $50,000 |
$43,000 | $43,000 |
| Preapproval Denied by Financial Institution |
26 | $1,798,000 |
$69,000 | $270,000 |
$30,000 | $94,000 |
|
|
| 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 |
|
Mortgage Loan App Totals for FIRSTBANK-ALMA MTG CO by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
