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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 OF COLORADO SPRINGS
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRSTBANK OF COLORADO SPRINGS |
| Address | 817 VILLAGE CENTER DRIVE
COLORADO SPRINGS, CO 80919 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,317,000 |
| Average Mortgage Loan Amount Applied For | $172,625 |
| Highest Mortgage Loan Amount Applied For | $2,590,000 |
| Average Applicant Income | $80,500 |
| Highest Applicant Income | $1,080,000 |
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| Home Improvement |
19 | $975,000 |
$51,000 | $260,000 |
$80,000 | $183,000 |
| Home Purchase |
70 | $18,345,000 |
$262,000 | $2,590,000 |
$91,000 | $1,080,000 |
| Refinancing |
43 | $6,997,000 |
$162,000 | $719,000 |
$86,000 | $372,000 |
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| American Indian or Alaskan Native |
3 | $387,000 |
$129,000 | $215,000 |
$36,000 | $55,000 |
| Asian |
4 | $1,306,000 |
$326,000 | $1,074,000 |
$116,000 | $300,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $913,000 |
$228,000 | $310,000 |
$61,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $3,417,000 |
$379,000 | $2,000,000 |
$0 | $0 |
| Not Provided |
4 | $734,000 |
$183,000 | $258,000 |
$166,000 | $372,000 |
| White |
108 | $19,560,000 |
$181,000 | $2,590,000 |
$94,000 | $1,080,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
132 | $26,317,000 |
$199,000 | $2,590,000 |
$88,000 | $1,080,000 |
| 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 |
25 | $6,475,000 |
$259,000 | $2,000,000 |
$91,000 | $372,000 |
| Application Denied By Financial Institution |
17 | $3,662,000 |
$215,000 | $749,000 |
$83,000 | $266,000 |
| Application Withdrawn By Applicant |
2 | $2,686,000 |
$1,343,000 | $2,590,000 |
$549,000 | $1,080,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
87 | $13,183,000 |
$151,000 | $1,074,000 |
$78,000 | $300,000 |
| Loan Purchased By The Institution |
1 | $311,000 |
$311,000 | $311,000 |
$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 |
7 | $2,316,000 |
$330,000 | $749,000 |
$133,000 | $266,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $401,000 |
$80,000 | $140,000 |
$53,000 | $120,000 |
| Debt-To-Income Ratio |
4 | $878,000 |
$219,000 | $410,000 |
$48,000 | $88,000 |
| Employment History |
1 | $67,000 |
$67,000 | $67,000 |
$29,000 | $29,000 |
| 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 OF COLORADO SPRINGS by:
Metropolitan Area And
County
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