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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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FREEDOM BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FREEDOM BANK |
| Address | 617 CORTEZ ROAD WEST
BRADENTON, FL 34207 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 87 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,008,000 |
| Average Mortgage Loan Amount Applied For | $246,428 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $138,285 |
| Highest Applicant Income | $559,000 |
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| Home Improvement |
3 | $946,000 |
$315,000 | $900,000 |
$21,000 | $64,000 |
| Home Purchase |
42 | $13,301,000 |
$316,000 | $2,400,000 |
$86,000 | $559,000 |
| Refinancing |
42 | $12,761,000 |
$303,000 | $2,300,000 |
$82,000 | $542,000 |
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| American Indian or Alaskan Native |
1 | $6,000 |
$6,000 | $6,000 |
$64,000 | $64,000 |
| Asian |
1 | $100,000 |
$100,000 | $100,000 |
$180,000 | $180,000 |
| Black or African American |
8 | $1,126,000 |
$140,000 | $211,000 |
$89,000 | $257,000 |
| Hispanic |
1 | $80,000 |
$80,000 | $80,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $7,707,000 |
$700,000 | $2,400,000 |
$0 | $0 |
| Not Provided |
3 | $580,000 |
$193,000 | $260,000 |
$62,000 | $122,000 |
| White |
62 | $17,409,000 |
$280,000 | $1,360,000 |
$96,000 | $559,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
87 | $27,008,000 |
$310,000 | $2,400,000 |
$82,000 | $559,000 |
| 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 |
1 | $120,000 |
$120,000 | $120,000 |
$122,000 | $122,000 |
| Application Denied By Financial Institution |
19 | $5,346,000 |
$281,000 | $1,000,000 |
$57,000 | $245,000 |
| Application Withdrawn By Applicant |
34 | $9,592,000 |
$282,000 | $1,360,000 |
$104,000 | $542,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
33 | $11,950,000 |
$362,000 | $2,400,000 |
$73,000 | $559,000 |
| 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 FREEDOM BANK by:
Metropolitan Area And
County
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