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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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JENNINGS STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
JENNINGS STATE BANK |
| Address | 126 WEST MAIN STREET, PO BOX 625
SPRING GROVE, MN 55974 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 113 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,966,000 |
| Average Mortgage Loan Amount Applied For | $141,785 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $68,000 |
| Highest Applicant Income | $200,000 |
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| Home Improvement |
18 | $998,000 |
$55,000 | $438,000 |
$50,000 | $137,000 |
| Home Purchase |
50 | $6,774,000 |
$135,000 | $750,000 |
$53,000 | $156,000 |
| Refinancing |
45 | $6,194,000 |
$137,000 | $707,000 |
$67,000 | $200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $857,000 |
$428,000 | $750,000 |
$63,000 | $100,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $880,000 |
$220,000 | $438,000 |
$37,000 | $120,000 |
| Not Provided |
4 | $337,000 |
$84,000 | $240,000 |
$38,000 | $60,000 |
| White |
103 | $11,892,000 |
$115,000 | $707,000 |
$59,000 | $200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
113 | $13,966,000 |
$123,000 | $750,000 |
$58,000 | $200,000 |
| 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 | $240,000 |
$240,000 | $240,000 |
$60,000 | $60,000 |
| Application Denied By Financial Institution |
12 | $1,573,000 |
$131,000 | $531,000 |
$57,000 | $162,000 |
| Application Withdrawn By Applicant |
13 | $2,640,000 |
$203,000 | $707,000 |
$76,000 | $120,000 |
| File Closed For Incompleteness |
2 | $979,000 |
$489,000 | $750,000 |
$75,000 | $100,000 |
| Loan Originated |
85 | $8,534,000 |
$100,000 | $670,000 |
$55,000 | $200,000 |
| 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 | $32,000 |
$16,000 | $20,000 |
$40,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $862,000 |
$172,000 | $531,000 |
$54,000 | $110,000 |
| Debt-To-Income Ratio |
4 | $579,000 |
$144,000 | $240,000 |
$44,000 | $59,000 |
| 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 | $100,000 |
$100,000 | $100,000 |
$162,000 | $162,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for JENNINGS STATE BANK by:
Metropolitan Area And
County
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