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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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INDEPENDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDEPENDENT BANK |
| Address | 2530 ELDORADO PARKWAY SUITE 202
MCKINNEY, TX 75070 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 235 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,957,000 |
| Average Mortgage Loan Amount Applied For | $121,714 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $138,071 |
| Highest Applicant Income | $800,000 |
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| Home Improvement |
68 | $3,533,000 |
$51,000 | $1,000,000 |
$110,000 | $759,000 |
| Home Purchase |
149 | $14,877,000 |
$99,000 | $652,000 |
$92,000 | $800,000 |
| Refinancing |
37 | $3,922,000 |
$106,000 | $380,000 |
$98,000 | $253,000 |
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| American Indian or Alaskan Native |
6 | $529,000 |
$88,000 | $281,000 |
$181,000 | $398,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $9,000 |
$9,000 | $9,000 |
$11,000 | $11,000 |
| Hispanic |
20 | $878,000 |
$43,000 | $141,000 |
$57,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
32 | $2,708,000 |
$84,000 | $540,000 |
$0 | $0 |
| Not Provided |
1 | $26,000 |
$26,000 | $26,000 |
$72,000 | $72,000 |
| White |
194 | $18,182,000 |
$93,000 | $1,000,000 |
$116,000 | $800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
254 | $22,332,000 |
$87,000 | $1,000,000 |
$98,000 | $800,000 |
| 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 | $155,000 |
$155,000 | $155,000 |
$100,000 | $100,000 |
| Application Denied By Financial Institution |
29 | $1,656,000 |
$57,000 | $275,000 |
$48,000 | $119,000 |
| Application Withdrawn By Applicant |
18 | $2,089,000 |
$116,000 | $367,000 |
$97,000 | $314,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
206 | $18,432,000 |
$89,000 | $1,000,000 |
$105,000 | $800,000 |
| 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 |
2 | $50,000 |
$25,000 | $40,000 |
$46,000 | $54,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
22 | $1,038,000 |
$47,000 | $187,000 |
$45,000 | $119,000 |
| Debt-To-Income Ratio |
2 | $469,000 |
$234,000 | $275,000 |
$65,000 | $83,000 |
| 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 |
1 | $34,000 |
$34,000 | $34,000 |
$52,000 | $52,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for INDEPENDENT BANK by:
Metropolitan Area And
County
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