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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 | 841 N. MILITARY HIGHWAY
NORFOLK, VA 23502 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 135 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,184,000 |
| Average Mortgage Loan Amount Applied For | $168,714 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $108,857 |
| Highest Applicant Income | $4,500,000 |
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| Home Improvement |
22 | $1,523,000 |
$69,000 | $290,000 |
$100,000 | $640,000 |
| Home Purchase |
52 | $12,867,000 |
$247,000 | $900,000 |
$143,000 | $746,000 |
| Refinancing |
65 | $16,868,000 |
$259,000 | $2,500,000 |
$191,000 | $4,500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $954,000 |
$318,000 | $500,000 |
$1,659,000 | $4,500,000 |
| Black or African American |
5 | $206,000 |
$41,000 | $75,000 |
$35,000 | $65,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $7,496,000 |
$356,000 | $2,500,000 |
$0 | $0 |
| Not Provided |
3 | $1,250,000 |
$416,000 | $750,000 |
$125,000 | $173,000 |
| White |
107 | $21,352,000 |
$199,000 | $1,400,000 |
$155,000 | $1,379,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
139 | $31,258,000 |
$224,000 | $2,500,000 |
$159,000 | $4,500,000 |
| 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 |
3 | $776,000 |
$258,000 | $450,000 |
$136,000 | $227,000 |
| Application Denied By Financial Institution |
7 | $910,000 |
$130,000 | $280,000 |
$63,000 | $189,000 |
| Application Withdrawn By Applicant |
4 | $3,827,000 |
$956,000 | $2,500,000 |
$357,000 | $1,379,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
125 | $25,745,000 |
$205,000 | $1,400,000 |
$158,000 | $4,500,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 HERITAGE BANK by:
Metropolitan Area And
County
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