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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 | 695 MARION BLVD
MARION, IA 52302 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 95 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,242,000 |
| Average Mortgage Loan Amount Applied For | $66,571 |
| Highest Mortgage Loan Amount Applied For | $460,000 |
| Average Applicant Income | $50,857 |
| Highest Applicant Income | $160,000 |
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| Home Improvement |
5 | $155,000 |
$31,000 | $60,000 |
$57,000 | $127,000 |
| Home Purchase |
28 | $2,094,000 |
$74,000 | $170,000 |
$32,000 | $160,000 |
| Refinancing |
62 | $5,993,000 |
$96,000 | $460,000 |
$40,000 | $160,000 |
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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 |
1 | $38,000 |
$38,000 | $38,000 |
$48,000 | $48,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $627,000 |
$69,000 | $92,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
85 | $7,577,000 |
$89,000 | $460,000 |
$43,000 | $160,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
92 | $7,878,000 |
$85,000 | $460,000 |
$39,000 | $160,000 |
| FHA-insured (Federal Housing Administration) |
3 | $364,000 |
$121,000 | $145,000 |
$39,000 | $59,000 |
| 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 |
11 | $1,068,000 |
$97,000 | $371,000 |
$41,000 | $108,000 |
| Application Withdrawn By Applicant |
15 | $1,541,000 |
$102,000 | $308,000 |
$48,000 | $113,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
69 | $5,633,000 |
$81,000 | $460,000 |
$37,000 | $160,000 |
| 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 |
1 | $48,000 |
$48,000 | $48,000 |
$42,000 | $42,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $894,000 |
$111,000 | $371,000 |
$46,000 | $108,000 |
| Debt-To-Income Ratio |
1 | $115,000 |
$115,000 | $115,000 |
$23,000 | $23,000 |
| Employment History |
1 | $11,000 |
$11,000 | $11,000 |
$21,000 | $21,000 |
| 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 HERITAGE BANK by:
Metropolitan Area And
County
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