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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, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
HORIZON BANK, N.A. |
| Address | 515 FRANKLIN SQUARE
MICHIGAN CITY, IN 46360 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,980 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $257,301,000 |
| Average Mortgage Loan Amount Applied For | $111,557 |
| Highest Mortgage Loan Amount Applied For | $1,878,000 |
| Average Applicant Income | $90,807 |
| Highest Applicant Income | $2,282,000 |
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| Home Improvement |
156 | $3,939,000 |
$25,000 | $250,000 |
$60,000 | $307,000 |
| Home Purchase |
1,355 | $197,184,000 |
$145,000 | $1,625,000 |
$78,000 | $2,256,000 |
| Refinancing |
793 | $99,631,000 |
$125,000 | $1,878,000 |
$90,000 | $2,282,000 |
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| American Indian or Alaskan Native |
5 | $612,000 |
$122,000 | $183,000 |
$57,000 | $100,000 |
| Asian |
19 | $5,835,000 |
$307,000 | $1,250,000 |
$112,000 | $360,000 |
| Black or African American |
94 | $11,679,000 |
$124,000 | $1,878,000 |
$104,000 | $2,282,000 |
| Hispanic |
55 | $5,134,000 |
$93,000 | $260,000 |
$58,000 | $295,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
33 | $1,596,000 |
$48,000 | $600,000 |
$0 | $0 |
| Not Provided |
200 | $13,649,000 |
$68,000 | $451,000 |
$83,000 | $1,440,000 |
| White |
1,898 | $262,249,000 |
$138,000 | $1,625,000 |
$81,000 | $1,405,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,099 | $277,270,000 |
$132,000 | $1,878,000 |
$84,000 | $2,282,000 |
| FHA-insured (Federal Housing Administration) |
180 | $19,863,000 |
$110,000 | $279,000 |
$50,000 | $499,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
25 | $3,621,000 |
$144,000 | $281,000 |
$61,000 | $150,000 |
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| Application Approved But Not Accepted |
289 | $38,514,000 |
$133,000 | $1,400,000 |
$81,000 | $520,000 |
| Application Denied By Financial Institution |
210 | $15,624,000 |
$74,000 | $488,000 |
$71,000 | $2,256,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,458 | $202,830,000 |
$139,000 | $1,878,000 |
$89,000 | $2,282,000 |
| Loan Purchased By The Institution |
30 | $916,000 |
$30,000 | $95,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
227 | $32,061,000 |
$141,000 | $600,000 |
$58,000 | $295,000 |
| Preapproval Denied by Financial Institution |
90 | $10,809,000 |
$120,000 | $711,000 |
$46,000 | $209,000 |
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| Collateral |
36 | $3,512,000 |
$97,000 | $488,000 |
$117,000 | $2,256,000 |
| Credit Application Incomplete |
5 | $400,000 |
$80,000 | $136,000 |
$53,000 | $108,000 |
| Credit History |
127 | $10,658,000 |
$83,000 | $400,000 |
$50,000 | $290,000 |
| Debt-To-Income Ratio |
82 | $7,626,000 |
$93,000 | $711,000 |
$49,000 | $242,000 |
| Employment History |
8 | $392,000 |
$49,000 | $179,000 |
$45,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $98,000 |
$98,000 | $98,000 |
$13,000 | $13,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
37 | $3,265,000 |
$88,000 | $417,000 |
$95,000 | $1,440,000 |
| Unverifiable Information |
4 | $482,000 |
$120,000 | $189,000 |
$97,000 | $199,000 |
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Mortgage Loan App Totals for HORIZON BANK, N.A. by:
Metropolitan Area And
County
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