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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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MOUNTAIN1ST BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN1ST BANK & TRUST |
| Address | 101 JACK STREET
HENDERSONVILLE, NC 28792 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 801 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $146,343,000 |
| Average Mortgage Loan Amount Applied For | $199,619 |
| Highest Mortgage Loan Amount Applied For | $1,215,000 |
| Average Applicant Income | $177,071 |
| Highest Applicant Income | $2,918,000 |
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| Home Improvement |
22 | $3,215,000 |
$146,000 | $640,000 |
$306,000 | $2,528,000 |
| Home Purchase |
469 | $85,106,000 |
$181,000 | $1,065,000 |
$111,000 | $2,400,000 |
| Refinancing |
310 | $58,022,000 |
$187,000 | $1,215,000 |
$107,000 | $2,918,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $308,000 |
$154,000 | $248,000 |
$64,000 | $95,000 |
| Black or African American |
11 | $1,682,000 |
$152,000 | $380,000 |
$51,000 | $140,000 |
| Hispanic |
8 | $2,015,000 |
$251,000 | $416,000 |
$102,000 | $184,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $98,000 |
$98,000 | $98,000 |
$42,000 | $42,000 |
| Not applicable |
52 | $9,309,000 |
$179,000 | $700,000 |
$199,000 | $2,120,000 |
| Not Provided |
10 | $1,178,000 |
$117,000 | $292,000 |
$85,000 | $261,000 |
| White |
717 | $131,753,000 |
$183,000 | $1,215,000 |
$110,000 | $2,918,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
785 | $144,615,000 |
$184,000 | $1,215,000 |
$116,000 | $2,918,000 |
| FHA-insured (Federal Housing Administration) |
3 | $190,000 |
$63,000 | $77,000 |
$11,000 | $34,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
13 | $1,538,000 |
$118,000 | $175,000 |
$36,000 | $67,000 |
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| Application Approved But Not Accepted |
9 | $1,465,000 |
$162,000 | $296,000 |
$80,000 | $260,000 |
| Application Denied By Financial Institution |
29 | $4,592,000 |
$158,000 | $700,000 |
$41,000 | $139,000 |
| Application Withdrawn By Applicant |
47 | $9,784,000 |
$208,000 | $900,000 |
$101,000 | $411,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
716 | $130,502,000 |
$182,000 | $1,215,000 |
$119,000 | $2,918,000 |
| 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 |
3 | $271,000 |
$90,000 | $110,000 |
$44,000 | $72,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $1,554,000 |
$129,000 | $214,000 |
$51,000 | $139,000 |
| Debt-To-Income Ratio |
11 | $1,739,000 |
$158,000 | $356,000 |
$31,000 | $120,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,028,000 |
$342,000 | $700,000 |
$38,000 | $96,000 |
| 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 MOUNTAIN1ST BANK & TRUST by:
Metropolitan Area And
County
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