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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 | 1020 CENTURY DRIVE
LOUISVILLE, CO 80027 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 72 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,888,000 |
| Average Mortgage Loan Amount Applied For | $101,100 |
| Highest Mortgage Loan Amount Applied For | $4,300,000 |
| Average Applicant Income | $76,600 |
| Highest Applicant Income | $374,000 |
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| Home Improvement |
29 | $1,014,000 |
$34,000 | $150,000 |
$72,000 | $242,000 |
| Home Purchase |
19 | $6,135,000 |
$322,000 | $4,300,000 |
$82,000 | $374,000 |
| Refinancing |
24 | $1,739,000 |
$72,000 | $507,000 |
$67,000 | $167,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $269,000 |
$134,000 | $244,000 |
$75,000 | $109,000 |
| Black or African American |
2 | $37,000 |
$18,000 | $35,000 |
$30,000 | $60,000 |
| Hispanic |
6 | $108,000 |
$18,000 | $39,000 |
$39,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $5,427,000 |
$603,000 | $4,300,000 |
$0 | $0 |
| Not Provided |
2 | $22,000 |
$11,000 | $14,000 |
$28,000 | $32,000 |
| White |
51 | $3,025,000 |
$59,000 | $507,000 |
$94,000 | $374,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
71 | $8,811,000 |
$124,000 | $4,300,000 |
$73,000 | $374,000 |
| FHA-insured (Federal Housing Administration) |
1 | $77,000 |
$77,000 | $77,000 |
$69,000 | $69,000 |
| 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 |
9 | $4,673,000 |
$519,000 | $4,300,000 |
$39,000 | $81,000 |
| Application Withdrawn By Applicant |
4 | $280,000 |
$70,000 | $150,000 |
$87,000 | $242,000 |
| File Closed For Incompleteness |
1 | $300,000 |
$300,000 | $300,000 |
$108,000 | $108,000 |
| Loan Originated |
58 | $3,635,000 |
$62,000 | $507,000 |
$77,000 | $374,000 |
| 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 |
3 | $79,000 |
$26,000 | $42,000 |
$71,000 | $81,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
4 | $4,584,000 |
$1,146,000 | $4,300,000 |
$27,000 | $42,000 |
| 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 |
1 | $9,000 |
$9,000 | $9,000 |
$22,000 | $22,000 |
| Unverifiable Information |
1 | $1,000 |
$1,000 | $1,000 |
$6,000 | $6,000 |
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Mortgage Loan App Totals for HERITAGE BANK by:
Metropolitan Area And
County
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