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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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GRAND VALLEY NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GRAND VALLEY NATIONAL BANK |
| Address | 925 N. 7TH ST
GRAND JUNCTION, CO 81501 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 276 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,156,000 |
| Average Mortgage Loan Amount Applied For | $141,000 |
| Highest Mortgage Loan Amount Applied For | $645,000 |
| Average Applicant Income | $85,071 |
| Highest Applicant Income | $1,128,000 |
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| Home Improvement |
24 | $475,000 |
$19,000 | $112,000 |
$49,000 | $135,000 |
| Home Purchase |
152 | $23,831,000 |
$156,000 | $645,000 |
$101,000 | $1,128,000 |
| Refinancing |
101 | $12,980,000 |
$128,000 | $640,000 |
$81,000 | $446,000 |
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| American Indian or Alaskan Native |
1 | $171,000 |
$171,000 | $171,000 |
$42,000 | $42,000 |
| Asian |
1 | $156,000 |
$156,000 | $156,000 |
$43,000 | $43,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
7 | $344,000 |
$49,000 | $130,000 |
$37,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
69 | $9,975,000 |
$144,000 | $448,000 |
$80,000 | $427,000 |
| White |
199 | $26,640,000 |
$133,000 | $645,000 |
$94,000 | $1,128,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
249 | $33,404,000 |
$134,000 | $645,000 |
$93,000 | $1,128,000 |
| FHA-insured (Federal Housing Administration) |
27 | $3,664,000 |
$135,000 | $230,000 |
$54,000 | $110,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $218,000 |
$218,000 | $218,000 |
$77,000 | $77,000 |
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| Application Approved But Not Accepted |
28 | $4,137,000 |
$147,000 | $456,000 |
$81,000 | $186,000 |
| Application Denied By Financial Institution |
20 | $2,712,000 |
$135,000 | $280,000 |
$68,000 | $384,000 |
| Application Withdrawn By Applicant |
20 | $4,201,000 |
$210,000 | $640,000 |
$98,000 | $427,000 |
| File Closed For Incompleteness |
4 | $791,000 |
$197,000 | $427,000 |
$46,000 | $104,000 |
| Loan Originated |
205 | $25,445,000 |
$124,000 | $645,000 |
$92,000 | $1,128,000 |
| 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 |
8 | $963,000 |
$120,000 | $263,000 |
$68,000 | $174,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $957,000 |
$159,000 | $280,000 |
$43,000 | $110,000 |
| Debt-To-Income Ratio |
5 | $636,000 |
$127,000 | $250,000 |
$102,000 | $384,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $156,000 |
$156,000 | $156,000 |
$47,000 | $47,000 |
| 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 GRAND VALLEY NATIONAL BANK by:
Metropolitan Area And
County
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