|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
NORTH SALEM STATE BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
NORTH SALEM STATE BANK |
| Address | 7 N. BROADWAY, PO BOX 97
NORTH SALEM, IN 46165 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 120 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,329,000 |
| Average Mortgage Loan Amount Applied For | $74,090 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $74,545 |
| Highest Applicant Income | $300,000 |
|
|
|
| Home Improvement |
30 | $1,072,000 |
$35,000 | $315,000 |
$67,000 | $188,000 |
| Home Purchase |
50 | $4,411,000 |
$88,000 | $305,000 |
$65,000 | $300,000 |
| Refinancing |
46 | $4,324,000 |
$94,000 | $400,000 |
$69,000 | $250,000 |
|
|
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $63,000 |
$63,000 | $63,000 |
$22,000 | $22,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
125 | $9,744,000 |
$77,000 | $400,000 |
$67,000 | $300,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
126 | $9,807,000 |
$77,000 | $400,000 |
$67,000 | $300,000 |
| 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 |
11 | $1,075,000 |
$97,000 | $315,000 |
$75,000 | $185,000 |
| Application Denied By Financial Institution |
16 | $1,546,000 |
$96,000 | $400,000 |
$58,000 | $170,000 |
| Application Withdrawn By Applicant |
6 | $479,000 |
$79,000 | $175,000 |
$62,000 | $127,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
92 | $6,618,000 |
$71,000 | $390,000 |
$69,000 | $300,000 |
| 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 |
1 | $89,000 |
$89,000 | $89,000 |
$30,000 | $30,000 |
|
|
| Collateral |
3 | $160,000 |
$53,000 | $62,000 |
$45,000 | $61,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $842,000 |
$105,000 | $400,000 |
$63,000 | $170,000 |
| Debt-To-Income Ratio |
3 | $429,000 |
$143,000 | $220,000 |
$45,000 | $74,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $45,000 |
$45,000 | $45,000 |
$28,000 | $28,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $29,000 |
$29,000 | $29,000 |
$68,000 | $68,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for NORTH SALEM STATE BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
