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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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IB&T MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
IB&T MORTGAGE COMPANY |
| Address | P.O. BOX 100
MOUNT PLEASANT, MI 48804-0100 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 620 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $73,256,000 |
| Average Mortgage Loan Amount Applied For | $179,333 |
| Highest Mortgage Loan Amount Applied For | $733,000 |
| Average Applicant Income | $106,666 |
| Highest Applicant Income | $718,000 |
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| Home Improvement |
18 | $1,656,000 |
$92,000 | $408,000 |
$67,000 | $185,000 |
| Home Purchase |
236 | $27,066,000 |
$114,000 | $588,000 |
$80,000 | $718,000 |
| Refinancing |
366 | $44,534,000 |
$121,000 | $733,000 |
$66,000 | $500,000 |
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| American Indian or Alaskan Native |
9 | $987,000 |
$109,000 | $160,000 |
$99,000 | $164,000 |
| Asian |
2 | $382,000 |
$191,000 | $252,000 |
$38,000 | $76,000 |
| Black or African American |
6 | $634,000 |
$105,000 | $181,000 |
$73,000 | $100,000 |
| Hispanic |
6 | $533,000 |
$88,000 | $159,000 |
$51,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $48,000 |
$48,000 | $48,000 |
$4,000 | $4,000 |
| Not Provided |
5 | $699,000 |
$139,000 | $168,000 |
$96,000 | $239,000 |
| White |
591 | $69,973,000 |
$118,000 | $733,000 |
$71,000 | $718,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
620 | $73,256,000 |
$118,000 | $733,000 |
$71,000 | $718,000 |
| 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 |
10 | $1,246,000 |
$124,000 | $345,000 |
$72,000 | $166,000 |
| Application Denied By Financial Institution |
84 | $7,900,000 |
$94,000 | $380,000 |
$50,000 | $198,000 |
| Application Withdrawn By Applicant |
80 | $8,961,000 |
$112,000 | $315,000 |
$70,000 | $300,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
446 | $55,149,000 |
$123,000 | $733,000 |
$76,000 | $718,000 |
| 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 IB&T MORTGAGE COMPANY by:
Metropolitan Area And
County
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