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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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PATRIOT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PATRIOT BANK |
| Address | 8376 HWY 51 N
MILLINGTON, TN 38053 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,026 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $144,441,000 |
| Average Mortgage Loan Amount Applied For | $149,250 |
| Highest Mortgage Loan Amount Applied For | $840,000 |
| Average Applicant Income | $100,833 |
| Highest Applicant Income | $566,000 |
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| Home Improvement |
20 | $936,000 |
$46,000 | $100,000 |
$70,000 | $155,000 |
| Home Purchase |
770 | $110,017,000 |
$142,000 | $840,000 |
$78,000 | $566,000 |
| Refinancing |
236 | $33,488,000 |
$141,000 | $612,000 |
$83,000 | $422,000 |
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| American Indian or Alaskan Native |
1 | $75,000 |
$75,000 | $75,000 |
$376,000 | $376,000 |
| Asian |
4 | $728,000 |
$182,000 | $246,000 |
$79,000 | $170,000 |
| Black or African American |
99 | $11,171,000 |
$112,000 | $369,000 |
$60,000 | $143,000 |
| Hispanic |
4 | $481,000 |
$120,000 | $200,000 |
$46,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
25 | $3,857,000 |
$154,000 | $840,000 |
$0 | $0 |
| Not Provided |
1 | $125,000 |
$125,000 | $125,000 |
$31,000 | $31,000 |
| White |
892 | $128,004,000 |
$143,000 | $650,000 |
$84,000 | $566,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
908 | $126,421,000 |
$139,000 | $840,000 |
$82,000 | $566,000 |
| FHA-insured (Federal Housing Administration) |
39 | $4,944,000 |
$126,000 | $203,000 |
$60,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
27 | $3,413,000 |
$126,000 | $239,000 |
$43,000 | $66,000 |
| VA-guaranteed (Veterans Administration) |
52 | $9,663,000 |
$185,000 | $401,000 |
$70,000 | $160,000 |
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| Application Approved But Not Accepted |
2 | $177,000 |
$88,000 | $142,000 |
$58,000 | $58,000 |
| Application Denied By Financial Institution |
24 | $2,457,000 |
$102,000 | $225,000 |
$58,000 | $376,000 |
| Application Withdrawn By Applicant |
89 | $10,922,000 |
$122,000 | $343,000 |
$65,000 | $413,000 |
| File Closed For Incompleteness |
12 | $1,310,000 |
$109,000 | $248,000 |
$56,000 | $89,000 |
| Loan Originated |
899 | $129,575,000 |
$144,000 | $840,000 |
$82,000 | $566,000 |
| 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 | $244,000 |
$122,000 | $225,000 |
$40,000 | $68,000 |
| Debt-To-Income Ratio |
3 | $445,000 |
$148,000 | $199,000 |
$78,000 | $112,000 |
| 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 PATRIOT BANK by:
Metropolitan Area And
County
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