|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
MERCHANTS BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
MERCHANTS BANK |
| Address | P.O. BOX 1009
BURLINGTON, VT 05401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 687 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $98,210,000 |
| Average Mortgage Loan Amount Applied For | $121,550 |
| Highest Mortgage Loan Amount Applied For | $10,000,000 |
| Average Applicant Income | $46,150 |
| Highest Applicant Income | $2,007,000 |
|
|
|
| Home Improvement |
153 | $22,812,000 |
$149,000 | $10,000,000 |
$36,000 | $241,000 |
| Home Purchase |
274 | $40,248,000 |
$146,000 | $825,000 |
$56,000 | $2,007,000 |
| Refinancing |
281 | $35,171,000 |
$125,000 | $1,215,000 |
$48,000 | $453,000 |
|
|
| American Indian or Alaskan Native |
3 | $171,000 |
$57,000 | $95,000 |
$37,000 | $47,000 |
| Asian |
9 | $1,188,000 |
$132,000 | $200,000 |
$41,000 | $65,000 |
| Black or African American |
2 | $451,000 |
$225,000 | $238,000 |
$30,000 | $39,000 |
| Hispanic |
5 | $1,020,000 |
$204,000 | $400,000 |
$46,000 | $117,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $363,000 |
$363,000 | $363,000 |
$0 | $0 |
| Not applicable |
26 | $15,730,000 |
$605,000 | $10,000,000 |
$0 | $0 |
| Not Provided |
51 | $7,255,000 |
$142,000 | $1,215,000 |
$60,000 | $293,000 |
| White |
611 | $72,053,000 |
$117,000 | $700,000 |
$50,000 | $2,007,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
708 | $98,231,000 |
$138,000 | $10,000,000 |
$48,000 | $2,007,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
28 | $4,381,000 |
$156,000 | $400,000 |
$49,000 | $312,000 |
| Application Denied By Financial Institution |
118 | $13,491,000 |
$114,000 | $423,000 |
$49,000 | $335,000 |
| Application Withdrawn By Applicant |
36 | $5,204,000 |
$144,000 | $361,000 |
$66,000 | $203,000 |
| File Closed For Incompleteness |
4 | $411,000 |
$102,000 | $145,000 |
$44,000 | $57,000 |
| Loan Originated |
501 | $74,723,000 |
$149,000 | $10,000,000 |
$47,000 | $2,007,000 |
| 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 |
21 | $21,000 |
$1,000 | $1,000 |
$41,000 | $154,000 |
|
|
| 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 |
|
Mortgage Loan App Totals for MERCHANTS BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
