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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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GRANDSOUTH BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GRANDSOUTH BANK |
| Address | 381 HALTON ROAD
GREENVILE, SC 29607 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 107 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,373,000 |
| Average Mortgage Loan Amount Applied For | $361,714 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $89,214 |
| Highest Applicant Income | $1,700,000 |
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| Home Improvement |
13 | $541,000 |
$41,000 | $100,000 |
$74,000 | $251,000 |
| Home Purchase |
70 | $16,415,000 |
$234,000 | $4,000,000 |
$176,000 | $1,700,000 |
| Refinancing |
24 | $4,417,000 |
$184,000 | $1,875,000 |
$44,000 | $273,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $138,000 |
$69,000 | $72,000 |
$508,000 | $1,001,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
31 | $10,959,000 |
$353,000 | $4,000,000 |
$0 | $0 |
| Not Provided |
1 | $50,000 |
$50,000 | $50,000 |
$22,000 | $22,000 |
| White |
73 | $10,226,000 |
$140,000 | $1,403,000 |
$182,000 | $1,700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
107 | $21,373,000 |
$199,000 | $4,000,000 |
$134,000 | $1,700,000 |
| 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 |
4 | $221,000 |
$55,000 | $115,000 |
$45,000 | $86,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
103 | $21,152,000 |
$205,000 | $4,000,000 |
$137,000 | $1,700,000 |
| 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 | $76,000 |
$38,000 | $66,000 |
$32,000 | $50,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $115,000 |
$115,000 | $115,000 |
$86,000 | $86,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $30,000 |
$30,000 | $30,000 |
$32,000 | $32,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GRANDSOUTH BANK by:
Metropolitan Area And
County
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