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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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MAINSTREET BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAINSTREET BANK |
| Address | 1650 SOUTH LAKE STREET, P.O. BOX 638
FOREST LAKE, MN 55025 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 52 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,413,000 |
| Average Mortgage Loan Amount Applied For | $206,600 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $91,600 |
| Highest Applicant Income | $236,000 |
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| Home Improvement |
16 | $650,000 |
$40,000 | $100,000 |
$51,000 | $125,000 |
| Home Purchase |
8 | $2,726,000 |
$340,000 | $900,000 |
$79,000 | $217,000 |
| Refinancing |
28 | $2,037,000 |
$72,000 | $335,000 |
$73,000 | $236,000 |
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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 |
1 | $10,000 |
$10,000 | $10,000 |
$54,000 | $54,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $263,000 |
$65,000 | $128,000 |
$45,000 | $68,000 |
| White |
47 | $5,140,000 |
$109,000 | $900,000 |
$69,000 | $236,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
52 | $5,413,000 |
$104,000 | $900,000 |
$67,000 | $236,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $278,000 |
$69,000 | $162,000 |
$55,000 | $86,000 |
| Application Withdrawn By Applicant |
1 | $10,000 |
$10,000 | $10,000 |
$54,000 | $54,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
47 | $5,125,000 |
$109,000 | $900,000 |
$69,000 | $236,000 |
| 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 |
1 | $72,000 |
$72,000 | $72,000 |
$83,000 | $83,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $206,000 |
$68,000 | $162,000 |
$46,000 | $86,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MAINSTREET BANK by:
Metropolitan Area And
County
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