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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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POTOMAC BANK OF VIRGINIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
POTOMAC BANK OF VIRGINIA |
| Address | 9910 MAIN STREET
FAIRFAX, VA 22031 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 39 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,318,000 |
| Average Mortgage Loan Amount Applied For | $315,666 |
| Highest Mortgage Loan Amount Applied For | $1,080,000 |
| Average Applicant Income | $462,000 |
| Highest Applicant Income | $1,593,000 |
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| Home Improvement |
26 | $3,390,000 |
$130,000 | $250,000 |
$143,000 | $265,000 |
| Home Purchase |
8 | $4,110,000 |
$513,000 | $1,080,000 |
$762,000 | $1,593,000 |
| Refinancing |
5 | $1,818,000 |
$363,000 | $630,000 |
$169,000 | $342,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $650,000 |
$325,000 | $400,000 |
$207,000 | $265,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $360,000 |
$180,000 | $300,000 |
$781,000 | $781,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
35 | $8,308,000 |
$237,000 | $1,080,000 |
$248,000 | $1,593,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
38 | $9,118,000 |
$239,000 | $1,080,000 |
$273,000 | $1,593,000 |
| FHA-insured (Federal Housing Administration) |
1 | $200,000 |
$200,000 | $200,000 |
$260,000 | $260,000 |
| 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 |
2 | $515,000 |
$257,000 | $400,000 |
$75,000 | $150,000 |
| Application Withdrawn By Applicant |
2 | $550,000 |
$275,000 | $400,000 |
$105,000 | $210,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
35 | $8,253,000 |
$235,000 | $1,080,000 |
$294,000 | $1,593,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $400,000 |
$400,000 | $400,000 |
$150,000 | $150,000 |
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Mortgage Loan App Totals for POTOMAC BANK OF VIRGINIA by:
Metropolitan Area And
County
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