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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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IOWA STATE BANK AND TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
IOWA STATE BANK AND TRUST CO |
| Address | 102 S CLINTON ST
IOWA CITY, IA 52240 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 721 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $94,548,000 |
| Average Mortgage Loan Amount Applied For | $169,440 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $105,440 |
| Highest Applicant Income | $720,000 |
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| Home Improvement |
58 | $4,356,000 |
$75,000 | $2,400,000 |
$77,000 | $282,000 |
| Home Purchase |
416 | $60,548,000 |
$145,000 | $960,000 |
$89,000 | $615,000 |
| Refinancing |
251 | $30,074,000 |
$119,000 | $1,000,000 |
$96,000 | $720,000 |
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| American Indian or Alaskan Native |
2 | $154,000 |
$77,000 | $85,000 |
$71,000 | $114,000 |
| Asian |
29 | $3,185,000 |
$109,000 | $344,000 |
$71,000 | $169,000 |
| Black or African American |
16 | $1,895,000 |
$118,000 | $209,000 |
$113,000 | $428,000 |
| Hispanic |
37 | $2,731,000 |
$73,000 | $272,000 |
$60,000 | $282,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $294,000 |
$294,000 | $294,000 |
$176,000 | $176,000 |
| Not applicable |
11 | $4,879,000 |
$443,000 | $2,400,000 |
$67,000 | $518,000 |
| Not Provided |
1 | $25,000 |
$25,000 | $25,000 |
$0 | $0 |
| White |
628 | $81,815,000 |
$130,000 | $1,000,000 |
$93,000 | $720,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
721 | $94,415,000 |
$130,000 | $2,400,000 |
$91,000 | $720,000 |
| FHA-insured (Federal Housing Administration) |
4 | $563,000 |
$140,000 | $198,000 |
$62,000 | $81,000 |
| 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 |
37 | $4,299,000 |
$116,000 | $625,000 |
$78,000 | $360,000 |
| Application Denied By Financial Institution |
27 | $1,768,000 |
$65,000 | $211,000 |
$40,000 | $102,000 |
| Application Withdrawn By Applicant |
9 | $824,000 |
$91,000 | $180,000 |
$71,000 | $234,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
652 | $88,087,000 |
$135,000 | $2,400,000 |
$94,000 | $720,000 |
| 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 |
1 | $45,000 |
$45,000 | $45,000 |
$24,000 | $24,000 |
| 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 IOWA STATE BANK AND TRUST CO by:
Metropolitan Area And
County
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