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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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GRANITE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GRANITE BANK |
| Address | 122 WEST ST
KEENE, NH 03431 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,752 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $373,339,000 |
| Average Mortgage Loan Amount Applied For | $157,026 |
| Highest Mortgage Loan Amount Applied For | $2,070,000 |
| Average Applicant Income | $122,500 |
| Highest Applicant Income | $1,439,000 |
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| Home Improvement (one-to-four family) |
35 | $877,000 |
$25,000 | $200,000 |
$45,000 | $395,000 |
| Home Purchase (one-to-four family) |
409 | $65,845,000 |
$184,400 | $650,000 |
$121,000 | $1,439,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
29 | $9,766,000 |
$852,333 | $2,070,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
2,279 | $296,851,000 |
$133,166 | $990,000 |
$117,500 | $1,412,000 |
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| American Indian or Alaskan Native |
5 | $394,000 |
$78,000 | $115,000 |
$40,000 | $71,000 |
| Asian or Pacific Islander |
17 | $2,334,000 |
$137,000 | $300,000 |
$74,000 | $108,000 |
| Black |
7 | $1,054,000 |
$138,333 | $323,000 |
$72,333 | $125,000 |
| Hispanic |
6 | $675,000 |
$112,000 | $150,000 |
$105,000 | $174,000 |
| Information not provided by applicant in mail or telephone application |
66 | $9,103,000 |
$173,000 | $700,000 |
$136,333 | $1,068,000 |
| Not applicable |
30 | $9,151,000 |
$693,500 | $2,070,000 |
$127,500 | $1,439,000 |
| Other |
6 | $784,000 |
$124,500 | $172,000 |
$58,000 | $181,000 |
| White |
2,615 | $349,844,000 |
$145,166 | $1,000,000 |
$120,666 | $1,412,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,746 | $372,610,000 |
$148,833 | $2,070,000 |
$121,166 | $1,439,000 |
| FHA-insured (Federal Housing Administration) |
5 | $630,000 |
$126,000 | $155,000 |
$71,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $99,000 |
$99,000 | $99,000 |
$64,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
25 | $3,261,000 |
$105,000 | $384,000 |
$82,666 | $181,000 |
| Application Denied By Financial Institution |
25 | $2,907,000 |
$79,666 | $323,000 |
$48,666 | $177,000 |
| Application Withdrawn By Applicant |
107 | $17,266,000 |
$204,750 | $990,000 |
$79,250 | $960,000 |
| File Closed For Incompleteness |
1 | $180,000 |
$180,000 | $180,000 |
$60,000 | $60,000 |
| Loan Originated |
2,594 | $349,725,000 |
$150,000 | $2,070,000 |
$126,333 | $1,439,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $15,000 |
$15,000 | $15,000 |
$62,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $359,000 |
$179,000 | $205,000 |
$94,000 | $132,000 |
| Debt-To-Income Ratio |
4 | $41,000 |
$15,000 | $25,000 |
$27,500 | $35,000 |
| Employment History |
2 | $303,000 |
$151,000 | $153,000 |
$52,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $198,000 |
$99,000 | $136,000 |
$44,000 | $56,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $434,000 |
$144,000 | $243,000 |
$51,000 | $79,000 |
| Unverifiable Information |
2 | $194,000 |
$97,000 | $107,000 |
$53,000 | $66,000 |
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Mortgage Loan App Totals for GRANITE BANK by:
Metropolitan Area And
County
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