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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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ORRSTOWN BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
ORRSTOWN BANK |
| Address | 77 EAST KING STREET, P O BOX 250
SHIPPENSBURG, PA 17257 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 743 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $86,208,000 |
| Average Mortgage Loan Amount Applied For | $150,933 |
| Highest Mortgage Loan Amount Applied For | $3,400,000 |
| Average Applicant Income | $74,000 |
| Highest Applicant Income | $2,067,000 |
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| Home Improvement |
117 | $3,986,000 |
$34,000 | $400,000 |
$66,000 | $258,000 |
| Home Purchase |
274 | $45,472,000 |
$165,000 | $2,531,000 |
$88,000 | $2,067,000 |
| Refinancing |
352 | $36,750,000 |
$104,000 | $3,400,000 |
$67,000 | $1,687,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $482,000 |
$241,000 | $417,000 |
$134,000 | $205,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $278,000 |
$69,000 | $140,000 |
$81,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
31 | $11,068,000 |
$357,000 | $3,400,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
706 | $74,380,000 |
$105,000 | $1,000,000 |
$78,000 | $2,067,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
743 | $86,208,000 |
$116,000 | $3,400,000 |
$75,000 | $2,067,000 |
| 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 |
41 | $3,750,000 |
$91,000 | $333,000 |
$51,000 | $231,000 |
| Application Withdrawn By Applicant |
31 | $4,417,000 |
$142,000 | $760,000 |
$110,000 | $538,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
671 | $78,041,000 |
$116,000 | $3,400,000 |
$75,000 | $2,067,000 |
| 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 |
11 | $1,292,000 |
$117,000 | $230,000 |
$56,000 | $85,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
20 | $1,527,000 |
$76,000 | $300,000 |
$58,000 | $231,000 |
| Debt-To-Income Ratio |
7 | $627,000 |
$89,000 | $333,000 |
$31,000 | $68,000 |
| Employment History |
1 | $10,000 |
$10,000 | $10,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $294,000 |
$147,000 | $180,000 |
$50,000 | $66,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ORRSTOWN BANK by:
Metropolitan Area And
County
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