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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 | 201 - 5TH AVE SW
OLYMPIA, WA 98501 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 244 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,002,000 |
| Average Mortgage Loan Amount Applied For | $491,272 |
| Highest Mortgage Loan Amount Applied For | $7,000,000 |
| Average Applicant Income | $120,636 |
| Highest Applicant Income | $2,894,000 |
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| Home Improvement |
55 | $3,775,000 |
$68,000 | $650,000 |
$76,000 | $334,000 |
| Home Purchase |
99 | $41,562,000 |
$419,000 | $7,000,000 |
$102,000 | $725,000 |
| Refinancing |
90 | $15,665,000 |
$174,000 | $800,000 |
$185,000 | $2,894,000 |
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| American Indian or Alaskan Native |
1 | $281,000 |
$281,000 | $281,000 |
$63,000 | $63,000 |
| Asian |
10 | $1,535,000 |
$153,000 | $464,000 |
$87,000 | $187,000 |
| Black or African American |
4 | $490,000 |
$122,000 | $195,000 |
$56,000 | $77,000 |
| Hispanic |
2 | $316,000 |
$158,000 | $167,000 |
$80,000 | $103,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $310,000 |
$155,000 | $250,000 |
$148,000 | $231,000 |
| Not applicable |
29 | $24,972,000 |
$861,000 | $7,000,000 |
$0 | $0 |
| Not Provided |
23 | $2,721,000 |
$118,000 | $400,000 |
$140,000 | $725,000 |
| White |
173 | $30,377,000 |
$175,000 | $737,000 |
$151,000 | $2,894,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
236 | $59,277,000 |
$251,000 | $7,000,000 |
$129,000 | $2,894,000 |
| FHA-insured (Federal Housing Administration) |
4 | $656,000 |
$164,000 | $204,000 |
$39,000 | $50,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $1,069,000 |
$267,000 | $324,000 |
$81,000 | $118,000 |
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| Application Approved But Not Accepted |
21 | $3,507,000 |
$167,000 | $417,000 |
$100,000 | $210,000 |
| Application Denied By Financial Institution |
25 | $3,692,000 |
$147,000 | $480,000 |
$67,000 | $249,000 |
| Application Withdrawn By Applicant |
16 | $4,222,000 |
$263,000 | $737,000 |
$109,000 | $241,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
182 | $49,581,000 |
$272,000 | $7,000,000 |
$140,000 | $2,894,000 |
| 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 | $361,000 |
$120,000 | $135,000 |
$113,000 | $249,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,132,000 |
$161,000 | $425,000 |
$53,000 | $125,000 |
| Debt-To-Income Ratio |
13 | $1,807,000 |
$139,000 | $480,000 |
$49,000 | $90,000 |
| Employment History |
1 | $68,000 |
$68,000 | $68,000 |
$223,000 | $223,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $324,000 |
$324,000 | $324,000 |
$101,000 | $101,000 |
| 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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