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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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MERCANTILE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERCANTILE BANK |
| Address | 1560 N. ORANGE AVENUE
WINTER PARK, FL 32789 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,043 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $436,505,000 |
| Average Mortgage Loan Amount Applied For | $227,530 |
| Highest Mortgage Loan Amount Applied For | $4,072,000 |
| Average Applicant Income | $138,361 |
| Highest Applicant Income | $7,016,000 |
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| Home Improvement |
167 | $9,391,000 |
$56,000 | $600,000 |
$60,000 | $320,000 |
| Home Purchase |
939 | $225,953,000 |
$240,000 | $4,072,000 |
$153,000 | $7,016,000 |
| Refinancing |
937 | $201,161,000 |
$214,000 | $3,360,000 |
$116,000 | $1,908,000 |
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| American Indian or Alaskan Native |
7 | $854,000 |
$122,000 | $417,000 |
$72,000 | $144,000 |
| Asian |
31 | $8,623,000 |
$278,000 | $866,000 |
$159,000 | $862,000 |
| Black or African American |
154 | $21,001,000 |
$136,000 | $760,000 |
$57,000 | $724,000 |
| Hispanic |
201 | $38,474,000 |
$191,000 | $1,287,000 |
$86,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $938,000 |
$156,000 | $294,000 |
$53,000 | $73,000 |
| Not applicable |
15 | $5,488,000 |
$365,000 | $1,200,000 |
$755,000 | $4,283,000 |
| Not Provided |
351 | $67,423,000 |
$192,000 | $2,000,000 |
$102,000 | $1,200,000 |
| White |
1,278 | $293,704,000 |
$229,000 | $4,072,000 |
$144,000 | $7,016,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,885 | $416,756,000 |
$221,000 | $4,072,000 |
$136,000 | $7,016,000 |
| FHA-insured (Federal Housing Administration) |
140 | $16,135,000 |
$115,000 | $243,000 |
$41,000 | $240,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
18 | $3,614,000 |
$200,000 | $408,000 |
$59,000 | $131,000 |
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| Application Approved But Not Accepted |
112 | $13,038,000 |
$116,000 | $740,000 |
$110,000 | $743,000 |
| Application Denied By Financial Institution |
587 | $103,704,000 |
$176,000 | $3,835,000 |
$86,000 | $1,800,000 |
| Application Withdrawn By Applicant |
98 | $33,577,000 |
$342,000 | $2,800,000 |
$165,000 | $1,908,000 |
| File Closed For Incompleteness |
130 | $30,466,000 |
$234,000 | $1,240,000 |
$123,000 | $1,200,000 |
| Loan Originated |
1,116 | $255,720,000 |
$229,000 | $4,072,000 |
$151,000 | $7,016,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MERCANTILE BANK by:
Metropolitan Area And
County
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