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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 NATIONAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDEPENDENT NATIONAL BANK |
| Address | P.O. BOX 2900, 60 SW 17TH STREET
OCALA, FL 34478 |
| 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 | 162 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,324,000 |
| Average Mortgage Loan Amount Applied For | $125,833 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $87,166 |
| Highest Applicant Income | $827,000 |
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| Home Improvement |
41 | $1,976,000 |
$48,000 | $414,000 |
$85,000 | $827,000 |
| Home Purchase |
70 | $12,221,000 |
$174,000 | $1,100,000 |
$90,000 | $360,000 |
| Refinancing |
54 | $6,702,000 |
$124,000 | $368,000 |
$53,000 | $166,000 |
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| American Indian or Alaskan Native |
1 | $108,000 |
$108,000 | $108,000 |
$112,000 | $112,000 |
| Asian |
2 | $314,000 |
$157,000 | $194,000 |
$138,000 | $206,000 |
| Black or African American |
3 | $262,000 |
$87,000 | $125,000 |
$48,000 | $76,000 |
| Hispanic |
8 | $893,000 |
$111,000 | $300,000 |
$87,000 | $336,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $100,000 |
$100,000 | $100,000 |
$182,000 | $182,000 |
| Not applicable |
10 | $1,070,000 |
$107,000 | $164,000 |
$28,000 | $281,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
140 | $18,152,000 |
$129,000 | $1,100,000 |
$78,000 | $827,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
164 | $20,624,000 |
$125,000 | $1,100,000 |
$77,000 | $827,000 |
| FHA-insured (Federal Housing Administration) |
1 | $275,000 |
$275,000 | $275,000 |
$53,000 | $53,000 |
| 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 |
20 | $2,353,000 |
$117,000 | $300,000 |
$48,000 | $97,000 |
| Application Withdrawn By Applicant |
20 | $2,713,000 |
$135,000 | $414,000 |
$92,000 | $336,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
125 | $15,833,000 |
$126,000 | $1,100,000 |
$79,000 | $827,000 |
| 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 | $284,000 |
$142,000 | $259,000 |
$39,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $1,119,000 |
$93,000 | $300,000 |
$46,000 | $97,000 |
| Debt-To-Income Ratio |
5 | $675,000 |
$135,000 | $241,000 |
$56,000 | $72,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $275,000 |
$275,000 | $275,000 |
$53,000 | $53,000 |
| 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 NATIONAL BANK by:
Metropolitan Area And
County
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