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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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PARAGON BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAGON BANK & TRUST |
| Address | 240 EAST 8TH STREET
HOLLAND, MI 49423 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 42 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,010,000 |
| Average Mortgage Loan Amount Applied For | $32,000 |
| Highest Mortgage Loan Amount Applied For | $227,000 |
| Average Applicant Income | $75,600 |
| Highest Applicant Income | $1,100,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
22 | $1,035,000 |
$47,000 | $227,000 |
$75,000 | $225,000 |
| Refinancing |
20 | $975,000 |
$48,000 | $139,000 |
$101,000 | $1,100,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $27,000 |
$13,000 | $17,000 |
$45,000 | $55,000 |
| 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 |
8 | $519,000 |
$64,000 | $83,000 |
$0 | $0 |
| Not Provided |
4 | $137,000 |
$34,000 | $40,000 |
$297,000 | $1,100,000 |
| White |
28 | $1,327,000 |
$47,000 | $227,000 |
$86,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
42 | $2,010,000 |
$47,000 | $227,000 |
$87,000 | $1,100,000 |
| 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 |
5 | $91,000 |
$18,000 | $35,000 |
$54,000 | $99,000 |
| Application Withdrawn By Applicant |
1 | $40,000 |
$40,000 | $40,000 |
$35,000 | $35,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
36 | $1,879,000 |
$52,000 | $227,000 |
$94,000 | $1,100,000 |
| 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 | $10,000 |
$10,000 | $10,000 |
$55,000 | $55,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $30,000 |
$15,000 | $24,000 |
$59,000 | $99,000 |
| Debt-To-Income Ratio |
1 | $35,000 |
$35,000 | $35,000 |
$35,000 | $35,000 |
| Employment History |
1 | $16,000 |
$16,000 | $16,000 |
$63,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$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 PARAGON BANK & TRUST by:
Metropolitan Area And
County
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