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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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GATEWAY BANK OF PENNSYLVANIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
GATEWAY BANK OF PENNSYLVANIA |
| Address | 3402 WASHINGTON ROAD
MCMURRAY, PA 15317 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 44 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,478,000 |
| Average Mortgage Loan Amount Applied For | $101,200 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $176,000 |
| Highest Applicant Income | $503,000 |
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| Home Improvement |
7 | $1,022,000 |
$146,000 | $400,000 |
$93,000 | $235,000 |
| Home Purchase |
13 | $1,449,000 |
$111,000 | $236,000 |
$138,000 | $503,000 |
| Refinancing |
24 | $4,007,000 |
$166,000 | $800,000 |
$109,000 | $457,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $111,000 |
$111,000 | $111,000 |
$111,000 | $111,000 |
| 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 |
4 | $1,315,000 |
$328,000 | $650,000 |
$0 | $0 |
| Not Provided |
9 | $1,213,000 |
$134,000 | $212,000 |
$135,000 | $457,000 |
| White |
30 | $3,839,000 |
$127,000 | $800,000 |
$125,000 | $503,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
44 | $6,478,000 |
$147,000 | $800,000 |
$115,000 | $503,000 |
| 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 |
5 | $1,147,000 |
$229,000 | $800,000 |
$75,000 | $218,000 |
| Application Withdrawn By Applicant |
4 | $655,000 |
$163,000 | $300,000 |
$111,000 | $170,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
35 | $4,676,000 |
$133,000 | $650,000 |
$121,000 | $503,000 |
| 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 |
1 | $95,000 |
$95,000 | $95,000 |
$19,000 | $19,000 |
| Debt-To-Income Ratio |
1 | $800,000 |
$800,000 | $800,000 |
$66,000 | $66,000 |
| Employment History |
1 | $5,000 |
$5,000 | $5,000 |
$39,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $247,000 |
$123,000 | $200,000 |
$127,000 | $218,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GATEWAY BANK OF PENNSYLVANIA by:
Metropolitan Area And
County
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