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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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MINNWEST BANK CENTRAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
MINNWEST BANK CENTRAL |
| Address | PO BOX 428
MONTEVIDEO, MN 56265 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 65 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,498,000 |
| Average Mortgage Loan Amount Applied For | $208,272 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $59,000 |
| Highest Applicant Income | $285,000 |
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| Home Improvement |
23 | $1,234,000 |
$53,000 | $400,000 |
$39,000 | $88,000 |
| Home Purchase |
20 | $1,134,000 |
$56,000 | $170,000 |
$54,000 | $285,000 |
| Refinancing |
22 | $5,130,000 |
$233,000 | $1,800,000 |
$24,000 | $154,000 |
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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 |
1 | $11,000 |
$11,000 | $11,000 |
$20,000 | $20,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,271,000 |
$467,000 | $1,800,000 |
$34,000 | $241,000 |
| Not Provided |
3 | $688,000 |
$229,000 | $422,000 |
$2,000 | $8,000 |
| White |
54 | $3,528,000 |
$65,000 | $400,000 |
$42,000 | $285,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
65 | $7,498,000 |
$115,000 | $1,800,000 |
$39,000 | $285,000 |
| 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 |
5 | $138,000 |
$27,000 | $43,000 |
$16,000 | $24,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
60 | $7,360,000 |
$122,000 | $1,800,000 |
$40,000 | $285,000 |
| 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 |
4 | $104,000 |
$26,000 | $43,000 |
$19,000 | $24,000 |
| Debt-To-Income Ratio |
1 | $34,000 |
$34,000 | $34,000 |
$8,000 | $8,000 |
| 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 MINNWEST BANK CENTRAL by:
Metropolitan Area And
County
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