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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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GALLUP FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GALLUP FEDERAL SAVINGS BANK |
| Address | 221 W AZTEC
GALLUP, NM 87301 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 100 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,610,000 |
| Average Mortgage Loan Amount Applied For | $117,222 |
| Highest Mortgage Loan Amount Applied For | $515,000 |
| Average Applicant Income | $127,333 |
| Highest Applicant Income | $689,000 |
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| Home Improvement |
2 | $125,000 |
$62,000 | $100,000 |
$90,000 | $104,000 |
| Home Purchase |
31 | $4,047,000 |
$159,000 | $515,000 |
$184,500 | $689,000 |
| Refinancing |
67 | $6,438,000 |
$89,333 | $427,000 |
$90,666 | $321,000 |
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| American Indian or Alaskan Native |
8 | $797,000 |
$110,500 | $170,000 |
$109,000 | $173,000 |
| Asian |
2 | $182,000 |
$91,000 | $108,000 |
$176,000 | $321,000 |
| Black or African American |
2 | $518,000 |
$259,000 | $420,000 |
$206,000 | $255,000 |
| Hispanic |
30 | $2,631,000 |
$68,000 | $190,000 |
$36,500 | $99,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $697,000 |
$87,000 | $127,000 |
$60,000 | $143,000 |
| White |
50 | $5,785,000 |
$152,000 | $515,000 |
$204,000 | $689,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
99 | $10,537,000 |
$103,000 | $515,000 |
$109,666 | $689,000 |
| FHA-insured (Federal Housing Administration) |
1 | $73,000 |
$73,000 | $73,000 |
$38,000 | $38,000 |
| 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 |
3 | $205,000 |
$68,000 | $100,000 |
$60,000 | $76,000 |
| Application Denied By Financial Institution |
14 | $1,429,000 |
$102,000 | $198,000 |
$40,000 | $78,000 |
| Application Withdrawn By Applicant |
11 | $1,221,000 |
$82,000 | $420,000 |
$61,000 | $321,000 |
| File Closed For Incompleteness |
1 | $112,000 |
$112,000 | $112,000 |
$90,000 | $90,000 |
| Loan Originated |
71 | $7,643,000 |
$131,500 | $515,000 |
$169,500 | $689,000 |
| 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 |
1 | $102,000 |
$102,000 | $102,000 |
$14,000 | $14,000 |
| Credit History |
7 | $719,000 |
$102,000 | $134,000 |
$48,000 | $76,000 |
| Debt-To-Income Ratio |
6 | $608,000 |
$101,000 | $198,000 |
$36,000 | $78,000 |
| 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 GALLUP FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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