|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FRANDSEN BANK & TRUST
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FRANDSEN BANK & TRUST |
| Address | 103 ELM AVE SW
MONTGOMERY, MN 56069 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 205 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,650,000 |
| Average Mortgage Loan Amount Applied For | $110,458 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $100,500 |
| Highest Applicant Income | $1,080,000 |
|
|
|
| Home Improvement |
43 | $1,598,000 |
$37,000 | $272,000 |
$54,000 | $138,000 |
| Home Purchase |
85 | $8,985,000 |
$105,000 | $352,000 |
$77,000 | $1,080,000 |
| Refinancing |
79 | $7,134,000 |
$90,000 | $400,000 |
$61,000 | $191,000 |
|
|
| American Indian or Alaskan Native |
1 | $219,000 |
$219,000 | $219,000 |
$140,000 | $140,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $5,000 |
$5,000 | $5,000 |
$26,000 | $26,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $295,000 |
$147,000 | $250,000 |
$21,000 | $43,000 |
| Not Provided |
1 | $12,000 |
$12,000 | $12,000 |
$13,000 | $13,000 |
| White |
202 | $17,186,000 |
$85,000 | $400,000 |
$67,000 | $1,080,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
201 | $17,300,000 |
$86,000 | $400,000 |
$67,000 | $1,080,000 |
| FHA-insured (Federal Housing Administration) |
2 | $129,000 |
$64,000 | $70,000 |
$33,000 | $34,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $288,000 |
$72,000 | $94,000 |
$28,000 | $39,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Application Approved But Not Accepted |
3 | $380,000 |
$126,000 | $200,000 |
$62,000 | $77,000 |
| Application Denied By Financial Institution |
16 | $992,000 |
$62,000 | $272,000 |
$33,000 | $71,000 |
| Application Withdrawn By Applicant |
5 | $551,000 |
$110,000 | $296,000 |
$58,000 | $149,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
183 | $15,794,000 |
$86,000 | $400,000 |
$69,000 | $1,080,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $594,000 |
$66,000 | $272,000 |
$36,000 | $71,000 |
| Debt-To-Income Ratio |
5 | $255,000 |
$51,000 | $116,000 |
$31,000 | $59,000 |
| Employment History |
2 | $143,000 |
$71,000 | $95,000 |
$25,000 | $30,000 |
| 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 |
|
Mortgage Loan App Totals for FRANDSEN BANK & TRUST by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
