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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAGON BANK |
| Address | 190 SOUTH BROADWAY
WELLS, MN 56097-0330 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 43 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,098,000 |
| Average Mortgage Loan Amount Applied For | $87,000 |
| Highest Mortgage Loan Amount Applied For | $253,000 |
| Average Applicant Income | $122,428 |
| Highest Applicant Income | $1,008,000 |
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| Home Improvement |
9 | $146,000 |
$16,000 | $58,000 |
$38,000 | $78,000 |
| Home Purchase |
9 | $536,000 |
$59,000 | $106,000 |
$196,000 | $1,008,000 |
| Refinancing |
25 | $1,416,000 |
$56,000 | $253,000 |
$154,000 | $1,000,000 |
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| American Indian or Alaskan Native |
2 | $206,000 |
$103,000 | $106,000 |
$1,004,000 | $1,008,000 |
| Asian |
2 | $19,000 |
$9,000 | $14,000 |
$33,000 | $34,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
6 | $117,000 |
$19,000 | $48,000 |
$23,000 | $42,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $90,000 |
$45,000 | $65,000 |
$26,000 | $27,000 |
| Not Provided |
1 | $87,000 |
$87,000 | $87,000 |
$59,000 | $59,000 |
| White |
30 | $1,579,000 |
$52,000 | $253,000 |
$57,000 | $177,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
43 | $2,098,000 |
$48,000 | $253,000 |
$126,000 | $1,008,000 |
| 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 | $133,000 |
$26,000 | $74,000 |
$33,000 | $58,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
38 | $1,965,000 |
$51,000 | $253,000 |
$150,000 | $1,008,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $36,000 |
$18,000 | $30,000 |
$29,000 | $42,000 |
| Debt-To-Income Ratio |
3 | $97,000 |
$32,000 | $74,000 |
$35,000 | $58,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 by:
Metropolitan Area And
County
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