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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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LEGACY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEGACY BANK |
| Address | 502 8TH ST SW
ALTOONA, IA 50009 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 109 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,001,000 |
| Average Mortgage Loan Amount Applied For | $74,833 |
| Highest Mortgage Loan Amount Applied For | $261,000 |
| Average Applicant Income | $75,666 |
| Highest Applicant Income | $240,000 |
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| Home Improvement |
21 | $474,000 |
$22,000 | $79,000 |
$58,000 | $120,000 |
| Home Purchase |
27 | $2,971,000 |
$110,000 | $330,000 |
$53,000 | $120,000 |
| Refinancing |
64 | $4,067,000 |
$63,000 | $261,000 |
$69,000 | $240,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
1 | $85,000 |
$85,000 | $85,000 |
$0 | $0 |
| Not Provided |
6 | $426,000 |
$71,000 | $180,000 |
$19,000 | $68,000 |
| White |
105 | $7,001,000 |
$66,000 | $330,000 |
$66,000 | $240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
112 | $7,512,000 |
$67,000 | $330,000 |
$63,000 | $240,000 |
| 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 | $7,000 |
$7,000 | $7,000 |
$25,000 | $25,000 |
| Application Denied By Financial Institution |
11 | $1,189,000 |
$108,000 | $330,000 |
$37,000 | $78,000 |
| Application Withdrawn By Applicant |
6 | $759,000 |
$126,000 | $260,000 |
$51,000 | $96,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
94 | $5,557,000 |
$59,000 | $261,000 |
$67,000 | $240,000 |
| 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 | $340,000 |
$170,000 | $330,000 |
$57,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $608,000 |
$86,000 | $179,000 |
$28,000 | $46,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $241,000 |
$120,000 | $180,000 |
$48,000 | $78,000 |
| 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 LEGACY BANK by:
Metropolitan Area And
County
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