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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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PINNACLE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE BANK |
| Address | 1811 SECOND AVENUE
JASPER, AL 35501 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 310 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,260,000 |
| Average Mortgage Loan Amount Applied For | $136,857 |
| Highest Mortgage Loan Amount Applied For | $507,000 |
| Average Applicant Income | $61,285 |
| Highest Applicant Income | $401,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
152 | $20,719,000 |
$136,000 | $507,000 |
$72,000 | $401,000 |
| Refinancing |
158 | $16,541,000 |
$104,000 | $417,000 |
$67,000 | $312,000 |
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| American Indian or Alaskan Native |
2 | $222,000 |
$111,000 | $197,000 |
$35,000 | $57,000 |
| Asian |
1 | $353,000 |
$353,000 | $353,000 |
$60,000 | $60,000 |
| Black or African American |
19 | $2,195,000 |
$115,000 | $350,000 |
$45,000 | $85,000 |
| Hispanic |
1 | $150,000 |
$150,000 | $150,000 |
$61,000 | $61,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $175,000 |
$175,000 | $175,000 |
$48,000 | $48,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $1,359,000 |
$67,000 | $176,000 |
$63,000 | $156,000 |
| White |
266 | $32,806,000 |
$123,000 | $507,000 |
$72,000 | $401,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
272 | $31,974,000 |
$117,000 | $507,000 |
$72,000 | $401,000 |
| FHA-insured (Federal Housing Administration) |
31 | $3,786,000 |
$122,000 | $203,000 |
$45,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $1,500,000 |
$214,000 | $350,000 |
$66,000 | $128,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
32 | $3,846,000 |
$120,000 | $370,000 |
$53,000 | $149,000 |
| Application Withdrawn By Applicant |
84 | $11,555,000 |
$137,000 | $500,000 |
$66,000 | $312,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
194 | $21,859,000 |
$112,000 | $507,000 |
$74,000 | $401,000 |
| 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 |
4 | $900,000 |
$225,000 | $370,000 |
$67,000 | $118,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,302,000 |
$118,000 | $225,000 |
$46,000 | $110,000 |
| Debt-To-Income Ratio |
2 | $308,000 |
$154,000 | $175,000 |
$37,000 | $48,000 |
| 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 PINNACLE BANK by:
Metropolitan Area And
County
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