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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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HANOVER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HANOVER BANK |
| Address | PO BOX 2400
TAPPAHANNOCK, VA 22560 |
| Agency | Federal Reserve System (FRS) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 41 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,442,000 |
| Average Mortgage Loan Amount Applied For | $169,555 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $83,000 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
7 | $165,000 |
$23,000 | $120,000 |
$48,000 | $90,000 |
| Home Purchase |
17 | $2,340,000 |
$137,000 | $280,000 |
$50,000 | $270,000 |
| Refinancing |
17 | $2,937,000 |
$172,000 | $800,000 |
$131,000 | $500,000 |
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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 | $269,000 |
$134,000 | $264,000 |
$111,000 | $132,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $538,000 |
$107,000 | $153,000 |
$0 | $0 |
| Not Provided |
1 | $1,000 |
$1,000 | $1,000 |
$71,000 | $71,000 |
| White |
33 | $4,634,000 |
$140,000 | $800,000 |
$96,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
41 | $5,442,000 |
$132,000 | $800,000 |
$76,000 | $500,000 |
| 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 | $463,000 |
$92,000 | $280,000 |
$71,000 | $143,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
36 | $4,979,000 |
$138,000 | $800,000 |
$78,000 | $500,000 |
| 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 |
4 | $458,000 |
$114,000 | $280,000 |
$83,000 | $143,000 |
| Debt-To-Income Ratio |
1 | $5,000 |
$5,000 | $5,000 |
$27,000 | $27,000 |
| 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 HANOVER BANK by:
Metropolitan Area And
County
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