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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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HOME FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME FEDERAL SAVINGS BANK |
| Address | 1016 CIVIC CENTER DR NW
ROCHESTER, MN 55903 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,314 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $163,134,000 |
| Average Mortgage Loan Amount Applied For | $169,074 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $80,876 |
| Highest Applicant Income | $1,043,000 |
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| Home Improvement |
170 | $4,570,000 |
$26,000 | $1,350,000 |
$66,000 | $1,043,000 |
| Home Purchase |
665 | $101,523,000 |
$152,000 | $1,128,000 |
$69,000 | $863,000 |
| Refinancing |
540 | $63,181,000 |
$117,000 | $1,112,000 |
$61,000 | $820,000 |
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| American Indian or Alaskan Native |
10 | $1,108,000 |
$110,000 | $244,000 |
$27,000 | $48,000 |
| Asian |
17 | $2,887,000 |
$169,000 | $680,000 |
$52,000 | $132,000 |
| Black or African American |
10 | $1,081,000 |
$108,000 | $240,000 |
$139,000 | $299,000 |
| Hispanic |
28 | $3,166,000 |
$113,000 | $540,000 |
$51,000 | $233,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
27 | $4,083,000 |
$151,000 | $432,000 |
$0 | $0 |
| Not Provided |
26 | $3,444,000 |
$132,000 | $584,000 |
$80,000 | $411,000 |
| White |
1,257 | $153,505,000 |
$122,000 | $1,350,000 |
$67,000 | $1,043,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,364 | $168,038,000 |
$123,000 | $1,350,000 |
$66,000 | $1,043,000 |
| FHA-insured (Federal Housing Administration) |
1 | $58,000 |
$58,000 | $58,000 |
$17,000 | $17,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $865,000 |
$108,000 | $154,000 |
$30,000 | $51,000 |
| VA-guaranteed (Veterans Administration) |
2 | $313,000 |
$156,000 | $169,000 |
$97,000 | $121,000 |
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| Application Approved But Not Accepted |
4 | $314,000 |
$78,000 | $115,000 |
$45,000 | $75,000 |
| Application Denied By Financial Institution |
122 | $15,267,000 |
$125,000 | $800,000 |
$45,000 | $276,000 |
| Application Withdrawn By Applicant |
251 | $32,396,000 |
$129,000 | $720,000 |
$64,000 | $855,000 |
| File Closed For Incompleteness |
1 | $15,000 |
$15,000 | $15,000 |
$44,000 | $44,000 |
| Loan Originated |
936 | $115,142,000 |
$123,000 | $1,350,000 |
$71,000 | $1,043,000 |
| 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 |
61 | $6,140,000 |
$100,000 | $220,000 |
$36,000 | $121,000 |
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| Collateral |
11 | $1,128,000 |
$102,000 | $241,000 |
$71,000 | $276,000 |
| Credit Application Incomplete |
14 | $1,439,000 |
$102,000 | $168,000 |
$33,000 | $65,000 |
| Credit History |
85 | $9,091,000 |
$106,000 | $504,000 |
$41,000 | $240,000 |
| Debt-To-Income Ratio |
51 | $7,463,000 |
$146,000 | $800,000 |
$43,000 | $113,000 |
| Employment History |
6 | $678,000 |
$113,000 | $176,000 |
$26,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $131,000 |
$43,000 | $108,000 |
$49,000 | $68,000 |
| Mortgage Insurance Denied |
1 | $244,000 |
$244,000 | $244,000 |
$0 | $0 |
| Other |
10 | $1,053,000 |
$105,000 | $263,000 |
$43,000 | $98,000 |
| Unverifiable Information |
2 | $180,000 |
$90,000 | $110,000 |
$24,000 | $48,000 |
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Mortgage Loan App Totals for HOME FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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