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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 & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
GATEWAY BANK & TRUST |
| Address | 5102 ALABAMA HIGHWAY
RINGGOLD, GA 30707 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 177 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,411,000 |
| Average Mortgage Loan Amount Applied For | $103,333 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $170,777 |
| Highest Applicant Income | $1,231,000 |
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| Home Improvement |
11 | $275,000 |
$25,000 | $130,000 |
$87,000 | $506,000 |
| Home Purchase |
52 | $6,285,000 |
$120,000 | $550,000 |
$32,000 | $197,000 |
| Refinancing |
114 | $14,851,000 |
$130,000 | $1,300,000 |
$65,000 | $1,231,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $96,000 |
$24,000 | $52,000 |
$55,000 | $80,000 |
| Black or African American |
3 | $151,000 |
$50,000 | $73,000 |
$49,000 | $63,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
59 | $10,180,000 |
$172,000 | $1,300,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
111 | $10,984,000 |
$98,000 | $950,000 |
$87,000 | $1,231,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
177 | $21,411,000 |
$120,000 | $1,300,000 |
$57,000 | $1,231,000 |
| 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 |
2 | $43,000 |
$21,000 | $40,000 |
$49,000 | $55,000 |
| Application Withdrawn By Applicant |
2 | $98,000 |
$49,000 | $83,000 |
$25,000 | $29,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
173 | $21,270,000 |
$122,000 | $1,300,000 |
$57,000 | $1,231,000 |
| 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 |
2 | $43,000 |
$21,000 | $40,000 |
$49,000 | $55,000 |
| 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 GATEWAY BANK & TRUST by:
Metropolitan Area And
County
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