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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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HORIZON BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HORIZON BANK |
| Address | 900 53RD AVENUE EAST
BRADENTON, FL 34203 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 100 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,325,000 |
| Average Mortgage Loan Amount Applied For | $134,000 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $132,800 |
| Highest Applicant Income | $4,868,000 |
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| Home Improvement |
11 | $179,000 |
$16,000 | $27,000 |
$39,000 | $101,000 |
| Home Purchase |
51 | $5,833,000 |
$114,000 | $360,000 |
$76,000 | $424,000 |
| Refinancing |
38 | $5,313,000 |
$139,000 | $400,000 |
$265,000 | $4,868,000 |
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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 |
5 | $648,000 |
$129,000 | $360,000 |
$40,000 | $75,000 |
| Hispanic |
1 | $25,000 |
$25,000 | $25,000 |
$26,000 | $26,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $1,337,000 |
$102,000 | $250,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
81 | $9,315,000 |
$115,000 | $400,000 |
$175,000 | $4,868,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
100 | $11,325,000 |
$113,000 | $400,000 |
$144,000 | $4,868,000 |
| 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 |
1 | $230,000 |
$230,000 | $230,000 |
$30,000 | $30,000 |
| Application Denied By Financial Institution |
8 | $305,000 |
$38,000 | $180,000 |
$46,000 | $101,000 |
| Application Withdrawn By Applicant |
5 | $756,000 |
$151,000 | $220,000 |
$38,000 | $63,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
86 | $10,034,000 |
$116,000 | $400,000 |
$160,000 | $4,868,000 |
| 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 |
6 | $100,000 |
$16,000 | $40,000 |
$48,000 | $101,000 |
| Debt-To-Income Ratio |
2 | $205,000 |
$102,000 | $180,000 |
$41,000 | $56,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HORIZON BANK by:
Metropolitan Area And
County
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