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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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PENN 1ST FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
PENN 1ST FINANCIAL |
| Address | 690 STOCKTON DRIVE
EXTON, PA 19341 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,989 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $417,779,000 |
| Average Mortgage Loan Amount Applied For | $229,688 |
| Highest Mortgage Loan Amount Applied For | $3,500,000 |
| Average Applicant Income | $138,688 |
| Highest Applicant Income | $2,568,000 |
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| Home Improvement |
50 | $11,457,000 |
$229,000 | $950,000 |
$101,000 | $823,000 |
| Home Purchase |
1,142 | $224,902,000 |
$196,000 | $3,405,000 |
$117,000 | $1,879,000 |
| Refinancing |
806 | $182,490,000 |
$226,000 | $3,500,000 |
$108,000 | $2,568,000 |
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| American Indian or Alaskan Native |
5 | $772,000 |
$154,000 | $292,000 |
$72,000 | $110,000 |
| Asian |
51 | $11,122,000 |
$218,000 | $1,000,000 |
$140,000 | $1,440,000 |
| Black or African American |
140 | $27,097,000 |
$193,000 | $979,000 |
$88,000 | $457,000 |
| Hispanic |
139 | $19,988,000 |
$143,000 | $624,000 |
$73,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,324,000 |
$264,000 | $650,000 |
$50,000 | $254,000 |
| Not Provided |
140 | $24,304,000 |
$173,000 | $880,000 |
$74,000 | $424,000 |
| White |
1,518 | $334,242,000 |
$220,000 | $3,500,000 |
$123,000 | $2,568,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,998 | $418,849,000 |
$209,000 | $3,500,000 |
$113,000 | $2,568,000 |
| 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 |
177 | $34,843,000 |
$196,000 | $994,000 |
$108,000 | $744,000 |
| Application Denied By Financial Institution |
119 | $24,534,000 |
$206,000 | $3,405,000 |
$96,000 | $1,420,000 |
| Application Withdrawn By Applicant |
221 | $46,742,000 |
$211,000 | $2,450,000 |
$113,000 | $1,842,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,472 | $311,660,000 |
$211,000 | $3,500,000 |
$116,000 | $2,568,000 |
| 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 |
9 | $1,070,000 |
$118,000 | $340,000 |
$49,000 | $79,000 |
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| Collateral |
23 | $4,095,000 |
$178,000 | $400,000 |
$108,000 | $228,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
57 | $11,654,000 |
$204,000 | $900,000 |
$81,000 | $420,000 |
| Debt-To-Income Ratio |
25 | $4,048,000 |
$161,000 | $725,000 |
$66,000 | $186,000 |
| Employment History |
10 | $1,172,000 |
$117,000 | $240,000 |
$71,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $3,703,000 |
$925,000 | $3,405,000 |
$392,000 | $1,420,000 |
| Mortgage Insurance Denied |
4 | $458,000 |
$114,000 | $216,000 |
$81,000 | $240,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
5 | $474,000 |
$94,000 | $268,000 |
$97,000 | $186,000 |
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Mortgage Loan App Totals for PENN 1ST FINANCIAL by:
Metropolitan Area And
County
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