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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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MVB BANK, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MVB BANK, INC |
| Address | 1000 JOHNSON AVE
BRIDGEPORT, WV 26330 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 311 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,331,000 |
| Average Mortgage Loan Amount Applied For | $281,521 |
| Highest Mortgage Loan Amount Applied For | $2,490,000 |
| Average Applicant Income | $222,913 |
| Highest Applicant Income | $1,902,000 |
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| Home Improvement |
7 | $228,000 |
$32,000 | $90,000 |
$46,000 | $79,000 |
| Home Purchase |
223 | $24,068,000 |
$107,000 | $562,000 |
$80,000 | $1,415,000 |
| Refinancing |
127 | $20,019,000 |
$157,000 | $2,490,000 |
$112,000 | $1,902,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $561,000 |
$140,000 | $288,000 |
$59,000 | $100,000 |
| Black or African American |
1 | $102,000 |
$102,000 | $102,000 |
$41,000 | $41,000 |
| Hispanic |
5 | $1,385,000 |
$277,000 | $502,000 |
$147,000 | $220,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $1,904,000 |
$211,000 | $432,000 |
$14,000 | $63,000 |
| Not Provided |
22 | $2,346,000 |
$106,000 | $340,000 |
$59,000 | $194,000 |
| White |
316 | $38,017,000 |
$120,000 | $2,490,000 |
$95,000 | $1,902,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
357 | $44,315,000 |
$124,000 | $2,490,000 |
$91,000 | $1,902,000 |
| 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 |
8 | $1,018,000 |
$127,000 | $280,000 |
$88,000 | $127,000 |
| Application Denied By Financial Institution |
64 | $4,971,000 |
$77,000 | $280,000 |
$52,000 | $320,000 |
| Application Withdrawn By Applicant |
56 | $7,421,000 |
$132,000 | $502,000 |
$87,000 | $891,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
229 | $30,905,000 |
$134,000 | $2,490,000 |
$102,000 | $1,902,000 |
| 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 |
6 | $693,000 |
$115,000 | $185,000 |
$101,000 | $320,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
39 | $2,589,000 |
$66,000 | $200,000 |
$43,000 | $85,000 |
| Debt-To-Income Ratio |
11 | $1,029,000 |
$93,000 | $280,000 |
$49,000 | $132,000 |
| Employment History |
3 | $224,000 |
$74,000 | $138,000 |
$45,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $16,000 |
$16,000 | $16,000 |
$21,000 | $21,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $420,000 |
$105,000 | $218,000 |
$87,000 | $125,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MVB BANK, INC by:
Metropolitan Area And
County
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