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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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IRWIN BANK & TRUST COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
IRWIN BANK & TRUST COMPANY |
| Address | 309 MAIN STREET
IRWIN, PA 15642 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 849 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $65,943,000 |
| Average Mortgage Loan Amount Applied For | $113,545 |
| Highest Mortgage Loan Amount Applied For | $2,200,000 |
| Average Applicant Income | $94,090 |
| Highest Applicant Income | $552,000 |
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| Home Improvement |
301 | $11,558,000 |
$38,000 | $490,000 |
$61,000 | $434,000 |
| Home Purchase |
175 | $26,779,000 |
$153,000 | $2,000,000 |
$63,000 | $362,000 |
| Refinancing |
373 | $27,606,000 |
$74,000 | $2,200,000 |
$64,000 | $552,000 |
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| American Indian or Alaskan Native |
2 | $349,000 |
$174,000 | $238,000 |
$57,000 | $60,000 |
| Asian |
2 | $560,000 |
$280,000 | $500,000 |
$215,000 | $362,000 |
| Black or African American |
1 | $720,000 |
$720,000 | $720,000 |
$0 | $0 |
| Hispanic |
1 | $90,000 |
$90,000 | $90,000 |
$40,000 | $40,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
21 | $10,077,000 |
$479,000 | $2,200,000 |
$4,000 | $101,000 |
| Not Provided |
30 | $3,402,000 |
$113,000 | $420,000 |
$68,000 | $320,000 |
| White |
792 | $50,745,000 |
$64,000 | $593,000 |
$64,000 | $552,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
841 | $65,156,000 |
$77,000 | $2,200,000 |
$63,000 | $552,000 |
| FHA-insured (Federal Housing Administration) |
8 | $787,000 |
$98,000 | $134,000 |
$53,000 | $83,000 |
| 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 |
15 | $3,049,000 |
$203,000 | $1,680,000 |
$42,000 | $173,000 |
| Application Denied By Financial Institution |
149 | $12,441,000 |
$83,000 | $2,200,000 |
$52,000 | $320,000 |
| Application Withdrawn By Applicant |
41 | $3,842,000 |
$93,000 | $250,000 |
$64,000 | $234,000 |
| File Closed For Incompleteness |
2 | $464,000 |
$232,000 | $240,000 |
$33,000 | $66,000 |
| Loan Originated |
642 | $46,147,000 |
$71,000 | $2,000,000 |
$66,000 | $552,000 |
| 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 |
38 | $2,387,000 |
$62,000 | $208,000 |
$75,000 | $207,000 |
| Credit Application Incomplete |
14 | $1,028,000 |
$73,000 | $336,000 |
$84,000 | $320,000 |
| Credit History |
45 | $2,740,000 |
$60,000 | $542,000 |
$38,000 | $85,000 |
| Debt-To-Income Ratio |
46 | $4,952,000 |
$107,000 | $2,200,000 |
$33,000 | $129,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,232,000 |
$410,000 | $593,000 |
$155,000 | $270,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $42,000 |
$21,000 | $25,000 |
$30,000 | $47,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for IRWIN BANK & TRUST COMPANY by:
Metropolitan Area And
County
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