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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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PLAZA PARK STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PLAZA PARK STATE BANK |
| Address | 131 6TH AVE S SUITE 100
WAITE PARK, MN 56387 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 95 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,679,000 |
| Average Mortgage Loan Amount Applied For | $211,400 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $94,500 |
| Highest Applicant Income | $542,000 |
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| Home Improvement |
18 | $596,000 |
$33,000 | $127,000 |
$65,000 | $156,000 |
| Home Purchase |
42 | $7,654,000 |
$182,000 | $850,000 |
$119,000 | $542,000 |
| Refinancing |
36 | $4,454,000 |
$123,000 | $450,000 |
$59,000 | $144,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $20,000 |
$20,000 | $20,000 |
$81,000 | $81,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $352,000 |
$176,000 | $293,000 |
$0 | $0 |
| Not Provided |
4 | $512,000 |
$128,000 | $275,000 |
$106,000 | $219,000 |
| White |
89 | $11,820,000 |
$132,000 | $850,000 |
$88,000 | $542,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
96 | $12,704,000 |
$132,000 | $850,000 |
$86,000 | $542,000 |
| 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 |
3 | $623,000 |
$207,000 | $275,000 |
$80,000 | $123,000 |
| Application Denied By Financial Institution |
16 | $2,845,000 |
$177,000 | $720,000 |
$90,000 | $542,000 |
| Application Withdrawn By Applicant |
2 | $245,000 |
$122,000 | $204,000 |
$92,000 | $124,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
75 | $8,991,000 |
$119,000 | $850,000 |
$86,000 | $384,000 |
| 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 |
3 | $527,000 |
$175,000 | $202,000 |
$103,000 | $137,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $576,000 |
$115,000 | $275,000 |
$64,000 | $99,000 |
| Debt-To-Income Ratio |
8 | $1,742,000 |
$217,000 | $720,000 |
$101,000 | $542,000 |
| 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 PLAZA PARK STATE BANK by:
Metropolitan Area And
County
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