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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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GARRETT STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GARRETT STATE BANK |
| Address | 120 W KING ST, PO BOX 29
GARRETT, IN 46738 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 92 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,848,000 |
| Average Mortgage Loan Amount Applied For | $87,666 |
| Highest Mortgage Loan Amount Applied For | $371,000 |
| Average Applicant Income | $68,333 |
| Highest Applicant Income | $475,000 |
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| Home Improvement |
12 | $350,000 |
$29,000 | $115,000 |
$49,000 | $120,000 |
| Home Purchase |
38 | $5,138,000 |
$135,000 | $371,000 |
$69,000 | $475,000 |
| Refinancing |
59 | $4,936,000 |
$83,000 | $360,000 |
$55,000 | $201,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $659,000 |
$219,000 | $371,000 |
$208,000 | $475,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $919,000 |
$83,000 | $146,000 |
$0 | $0 |
| Not Provided |
1 | $65,000 |
$65,000 | $65,000 |
$25,000 | $25,000 |
| White |
94 | $8,781,000 |
$93,000 | $363,000 |
$62,000 | $201,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
109 | $10,424,000 |
$95,000 | $371,000 |
$59,000 | $475,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $191,000 |
$63,000 | $108,000 |
$32,000 | $56,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
98 | $9,632,000 |
$98,000 | $371,000 |
$65,000 | $475,000 |
| Loan Purchased By The Institution |
8 | $601,000 |
$75,000 | $146,000 |
$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 |
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 GARRETT STATE BANK by:
Metropolitan Area And
County
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