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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 | High and Hanover Streets
Pottstown, PA 19464 |
| Agency | Federal Reserve System (FRS) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,025 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $229,142,000 |
| Average Mortgage Loan Amount Applied For | $233,560 |
| Highest Mortgage Loan Amount Applied For | $1,935,000 |
| Average Applicant Income | $67,920 |
| Highest Applicant Income | $851,000 |
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| Home Improvement (one-to-four family) |
176 | $7,210,000 |
$33,000 | $306,000 |
$77,500 | $294,000 |
| Home Purchase (one-to-four family) |
571 | $74,953,000 |
$940,000 | $1,935,000 |
$43,000 | $851,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
47 | $9,491,000 |
$213,000 | $618,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,231 | $137,488,000 |
$133,500 | $827,000 |
$56,500 | $519,000 |
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| American Indian or Alaskan Native |
1 | $146,000 |
$146,000 | $146,000 |
$101,000 | $101,000 |
| Asian or Pacific Islander |
19 | $2,884,000 |
$151,000 | $508,000 |
$133,000 | $851,000 |
| Black |
32 | $2,789,000 |
$87,000 | $191,000 |
$62,000 | $132,000 |
| Hispanic |
49 | $4,148,000 |
$84,000 | $258,000 |
$52,000 | $199,000 |
| Information not provided by applicant in mail or telephone application |
20 | $2,372,000 |
$118,000 | $323,000 |
$74,000 | $220,000 |
| Not applicable |
71 | $10,433,000 |
$1,151,000 | $1,935,000 |
$4,666 | $149,000 |
| Other |
30 | $5,001,000 |
$166,000 | $618,000 |
$72,000 | $132,000 |
| White |
1,803 | $201,369,000 |
$107,750 | $827,000 |
$74,250 | $634,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,018 | $228,335,000 |
$604,200 | $1,935,000 |
$47,200 | $851,000 |
| FHA-insured (Federal Housing Administration) |
5 | $509,000 |
$101,000 | $150,000 |
$25,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $298,000 |
$149,000 | $178,000 |
$39,000 | $45,000 |
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| Application Approved But Not Accepted |
30 | $3,495,000 |
$116,000 | $240,000 |
$72,000 | $150,000 |
| Application Denied By Financial Institution |
195 | $18,809,000 |
$60,500 | $508,000 |
$74,500 | $851,000 |
| Application Withdrawn By Applicant |
167 | $19,939,000 |
$119,000 | $500,000 |
$72,000 | $278,000 |
| File Closed For Incompleteness |
27 | $3,393,000 |
$125,000 | $482,000 |
$72,000 | $177,000 |
| Loan Originated |
1,606 | $183,506,000 |
$749,250 | $1,935,000 |
$36,750 | $634,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
13 | $693,000 |
$53,000 | $150,000 |
$57,000 | $108,000 |
| Credit Application Incomplete |
6 | $559,000 |
$93,000 | $163,000 |
$97,000 | $192,000 |
| Credit History |
49 | $4,236,000 |
$86,000 | $370,000 |
$48,000 | $163,000 |
| Debt-To-Income Ratio |
36 | $3,813,000 |
$105,000 | $508,000 |
$80,000 | $851,000 |
| Employment History |
4 | $337,000 |
$84,000 | $123,000 |
$36,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $126,000 |
$126,000 | $126,000 |
$54,000 | $54,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $596,000 |
$69,500 | $191,000 |
$100,500 | $136,000 |
| 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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