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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, M.V.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MINNWEST BANK, M.V. |
| Address | 300 S. WASHINGTON, P.O. BOX 439
REDWOOD FALLS, MN 56283 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 99 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,572,000 |
| Average Mortgage Loan Amount Applied For | $320,533 |
| Highest Mortgage Loan Amount Applied For | $1,826,000 |
| Average Applicant Income | $40,266 |
| Highest Applicant Income | $220,000 |
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| Home Improvement |
32 | $976,000 |
$30,000 | $191,000 |
$57,000 | $220,000 |
| Home Purchase |
29 | $5,049,000 |
$174,000 | $1,826,000 |
$39,000 | $159,000 |
| Refinancing |
38 | $3,547,000 |
$93,000 | $1,570,000 |
$40,000 | $83,000 |
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| American Indian or Alaskan Native |
3 | $144,000 |
$48,000 | $77,000 |
$82,000 | $94,000 |
| Asian |
1 | $11,000 |
$11,000 | $11,000 |
$59,000 | $59,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $60,000 |
$60,000 | $60,000 |
$26,000 | $26,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $3,396,000 |
$1,698,000 | $1,826,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
92 | $5,961,000 |
$64,000 | $700,000 |
$45,000 | $220,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
98 | $9,472,000 |
$96,000 | $1,826,000 |
$46,000 | $220,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $100,000 |
$100,000 | $100,000 |
$22,000 | $22,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $35,000 |
$35,000 | $35,000 |
$78,000 | $78,000 |
| Application Denied By Financial Institution |
8 | $467,000 |
$58,000 | $100,000 |
$32,000 | $94,000 |
| Application Withdrawn By Applicant |
2 | $72,000 |
$36,000 | $47,000 |
$110,000 | $220,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
88 | $8,998,000 |
$102,000 | $1,826,000 |
$45,000 | $159,000 |
| 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 | $15,000 |
$15,000 | $15,000 |
$94,000 | $94,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $292,000 |
$58,000 | $100,000 |
$28,000 | $48,000 |
| Debt-To-Income Ratio |
1 | $60,000 |
$60,000 | $60,000 |
$26,000 | $26,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $100,000 |
$100,000 | $100,000 |
$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, M.V. by:
Metropolitan Area And
County
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