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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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PIONEER BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PIONEER BANK |
| Address | P O BOX 10 252 EAST MAIN ST
STANLEY, VA 22851 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 246 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,940,000 |
| Average Mortgage Loan Amount Applied For | $97,818 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $48,272 |
| Highest Applicant Income | $798,000 |
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| Home Improvement |
110 | $3,597,000 |
$32,000 | $219,000 |
$41,000 | $247,000 |
| Home Purchase |
39 | $4,192,000 |
$107,000 | $351,000 |
$50,000 | $604,000 |
| Refinancing |
97 | $13,151,000 |
$135,000 | $650,000 |
$62,000 | $798,000 |
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| American Indian or Alaskan Native |
10 | $742,000 |
$74,000 | $218,000 |
$34,000 | $70,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
4 | $62,000 |
$15,000 | $30,000 |
$24,000 | $34,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $724,000 |
$362,000 | $650,000 |
$111,000 | $147,000 |
| Not Provided |
2 | $61,000 |
$30,000 | $45,000 |
$29,000 | $41,000 |
| White |
228 | $19,351,000 |
$84,000 | $617,000 |
$52,000 | $798,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
246 | $20,940,000 |
$85,000 | $650,000 |
$51,000 | $798,000 |
| 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 |
4 | $29,000 |
$7,000 | $22,000 |
$22,000 | $37,000 |
| Application Withdrawn By Applicant |
15 | $1,459,000 |
$97,000 | $218,000 |
$31,000 | $70,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
227 | $19,452,000 |
$85,000 | $650,000 |
$53,000 | $798,000 |
| 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 |
1 | $1,000 |
$1,000 | $1,000 |
$37,000 | $37,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
2 | $24,000 |
$12,000 | $22,000 |
$22,000 | $26,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PIONEER BANK by:
Metropolitan Area And
County
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