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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 220
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 | 143 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,655,000 |
| Average Mortgage Loan Amount Applied For | $134,611 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $130,944 |
| Highest Applicant Income | $1,050,000 |
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| Home Improvement |
27 | $873,000 |
$32,000 | $105,000 |
$88,000 | $310,000 |
| Home Purchase |
95 | $12,790,000 |
$134,000 | $900,000 |
$122,000 | $1,050,000 |
| Refinancing |
25 | $3,223,000 |
$128,000 | $455,000 |
$106,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $335,000 |
$167,000 | $250,000 |
$175,000 | $200,000 |
| Black or African American |
1 | $9,000 |
$9,000 | $9,000 |
$22,000 | $22,000 |
| Hispanic |
15 | $1,006,000 |
$67,000 | $285,000 |
$54,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
29 | $4,192,000 |
$144,000 | $430,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
100 | $11,344,000 |
$113,000 | $900,000 |
$155,000 | $1,050,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
147 | $16,886,000 |
$114,000 | $900,000 |
$113,000 | $1,050,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
12 | $660,000 |
$55,000 | $265,000 |
$50,000 | $88,000 |
| Application Withdrawn By Applicant |
3 | $267,000 |
$89,000 | $190,000 |
$146,000 | $194,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
132 | $15,959,000 |
$120,000 | $900,000 |
$118,000 | $1,050,000 |
| 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 | $369,000 |
$61,000 | $265,000 |
$53,000 | $77,000 |
| Debt-To-Income Ratio |
4 | $190,000 |
$47,000 | $152,000 |
$33,000 | $68,000 |
| 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 INDEPENDENT BANK by:
Metropolitan Area And
County
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