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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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HERITAGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HERITAGE BANK |
| Address | 600 CENTURY PARK SOUTH STE 200
BIRMINGHAM, AL 35226 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,049 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $288,674,000 |
| Average Mortgage Loan Amount Applied For | $136,740 |
| Highest Mortgage Loan Amount Applied For | $6,630,000 |
| Average Applicant Income | $85,267 |
| Highest Applicant Income | $983,000 |
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| Home Improvement |
4 | $578,000 |
$144,000 | $540,000 |
$55,000 | $145,000 |
| Home Purchase |
1,291 | $177,625,000 |
$169,909 | $6,630,000 |
$108,909 | $983,000 |
| Refinancing |
754 | $110,471,000 |
$164,375 | $1,000,000 |
$87,875 | $765,000 |
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| American Indian or Alaskan Native |
7 | $868,000 |
$102,000 | $329,000 |
$59,666 | $103,000 |
| Asian |
29 | $4,649,000 |
$165,750 | $450,000 |
$134,750 | $600,000 |
| Black or African American |
116 | $13,166,000 |
$93,000 | $620,000 |
$71,750 | $765,000 |
| Hispanic |
26 | $2,408,000 |
$93,250 | $216,000 |
$50,250 | $101,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $105,000 |
$105,000 | $105,000 |
$64,000 | $64,000 |
| Not applicable |
9 | $7,365,000 |
$818,000 | $6,630,000 |
$5,000 | $65,000 |
| Not Provided |
27 | $3,154,000 |
$169,750 | $300,000 |
$225,250 | $702,000 |
| White |
1,834 | $256,959,000 |
$166,636 | $1,000,000 |
$95,545 | $983,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,011 | $284,648,000 |
$163,727 | $6,630,000 |
$98,000 | $983,000 |
| FHA-insured (Federal Housing Administration) |
28 | $2,463,000 |
$87,000 | $152,000 |
$38,000 | $72,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,563,000 |
$156,000 | $223,000 |
$41,000 | $75,000 |
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| Application Approved But Not Accepted |
76 | $11,132,000 |
$146,400 | $910,000 |
$79,400 | $514,000 |
| Application Denied By Financial Institution |
41 | $5,009,000 |
$127,600 | $397,000 |
$75,000 | $310,000 |
| Application Withdrawn By Applicant |
44 | $5,409,000 |
$122,000 | $644,000 |
$70,000 | $192,000 |
| File Closed For Incompleteness |
1 | $126,000 |
$126,000 | $126,000 |
$62,000 | $62,000 |
| Loan Originated |
1,885 | $266,698,000 |
$163,909 | $6,630,000 |
$97,272 | $983,000 |
| Loan Purchased By The Institution |
2 | $300,000 |
$150,000 | $184,000 |
$58,000 | $68,000 |
| 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 |
4 | $331,000 |
$82,000 | $122,000 |
$39,000 | $51,000 |
| Credit Application Incomplete |
1 | $224,000 |
$224,000 | $224,000 |
$151,000 | $151,000 |
| Credit History |
12 | $1,315,000 |
$126,333 | $186,000 |
$55,000 | $122,000 |
| Debt-To-Income Ratio |
11 | $1,323,000 |
$94,333 | $397,000 |
$47,666 | $80,000 |
| Employment History |
1 | $57,000 |
$57,000 | $57,000 |
$29,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $437,000 |
$218,000 | $330,000 |
$104,000 | $134,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $522,000 |
$108,500 | $152,000 |
$58,500 | $117,000 |
| Unverifiable Information |
1 | $113,000 |
$113,000 | $113,000 |
$37,000 | $37,000 |
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Mortgage Loan App Totals for HERITAGE BANK by:
Metropolitan Area And
County
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