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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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INDEPENDENCE BANK OF KENTUCKY
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDEPENDENCE BANK OF KENTUCKY |
| Address | PO BOX 988
OWENSBORO, KY 42303 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,046 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,894,000 |
| Average Mortgage Loan Amount Applied For | $120,239 |
| Highest Mortgage Loan Amount Applied For | $1,284,000 |
| Average Applicant Income | $67,369 |
| Highest Applicant Income | $1,188,000 |
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| Home Improvement |
78 | $2,671,000 |
$34,000 | $178,000 |
$74,000 | $1,188,000 |
| Home Purchase |
637 | $58,017,000 |
$91,000 | $1,284,000 |
$59,000 | $667,000 |
| Refinancing |
397 | $34,521,000 |
$86,000 | $520,000 |
$63,000 | $910,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $40,000 |
$40,000 | $40,000 |
$31,000 | $31,000 |
| Black or African American |
19 | $1,639,000 |
$86,000 | $196,000 |
$58,000 | $252,000 |
| Hispanic |
13 | $1,045,000 |
$80,000 | $176,000 |
$36,000 | $70,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $200,000 |
$200,000 | $200,000 |
$92,000 | $92,000 |
| Not applicable |
53 | $7,085,000 |
$133,000 | $1,284,000 |
$0 | $0 |
| Not Provided |
12 | $739,000 |
$61,000 | $210,000 |
$62,000 | $126,000 |
| White |
1,013 | $84,461,000 |
$83,000 | $750,000 |
$65,000 | $1,188,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,047 | $90,545,000 |
$86,000 | $1,284,000 |
$63,000 | $1,188,000 |
| FHA-insured (Federal Housing Administration) |
2 | $120,000 |
$60,000 | $69,000 |
$21,000 | $22,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
63 | $4,544,000 |
$72,000 | $166,000 |
$37,000 | $70,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
65 | $6,174,000 |
$94,000 | $237,000 |
$57,000 | $174,000 |
| Application Denied By Financial Institution |
144 | $9,145,000 |
$63,000 | $342,000 |
$40,000 | $192,000 |
| Application Withdrawn By Applicant |
38 | $2,952,000 |
$77,000 | $225,000 |
$65,000 | $408,000 |
| File Closed For Incompleteness |
42 | $5,026,000 |
$119,000 | $328,000 |
$61,000 | $170,000 |
| Loan Originated |
803 | $70,151,000 |
$87,000 | $1,284,000 |
$66,000 | $1,188,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
9 | $769,000 |
$85,000 | $150,000 |
$39,000 | $72,000 |
| Preapproval Denied by Financial Institution |
11 | $992,000 |
$90,000 | $210,000 |
$43,000 | $110,000 |
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| Collateral |
7 | $274,000 |
$39,000 | $92,000 |
$33,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
114 | $7,313,000 |
$64,000 | $342,000 |
$42,000 | $192,000 |
| Debt-To-Income Ratio |
23 | $1,524,000 |
$66,000 | $165,000 |
$32,000 | $76,000 |
| Employment History |
5 | $387,000 |
$77,000 | $210,000 |
$49,000 | $110,000 |
| 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 |
3 | $280,000 |
$93,000 | $140,000 |
$34,000 | $48,000 |
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Mortgage Loan App Totals for INDEPENDENCE BANK OF KENTUCKY by:
Metropolitan Area And
County
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