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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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PRIOR LAKE STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIOR LAKE STATE BANK |
| Address | 16677 DULUTH AVENUE SE
PRIOR LAKE, MN 55372 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| 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 | $8,545,000 |
| Average Mortgage Loan Amount Applied For | $234,428 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $255,000 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
10 | $592,000 |
$59,000 | $400,000 |
$176,000 | $912,000 |
| Home Purchase |
12 | $2,409,000 |
$200,000 | $572,000 |
$155,000 | $1,000,000 |
| Refinancing |
17 | $5,544,000 |
$326,000 | $1,900,000 |
$310,000 | $2,000,000 |
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| American Indian or Alaskan Native |
4 | $913,000 |
$228,000 | $572,000 |
$711,000 | $1,000,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $290,000 |
$145,000 | $275,000 |
$75,000 | $78,000 |
| White |
33 | $7,342,000 |
$222,000 | $1,900,000 |
$178,000 | $2,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
39 | $8,545,000 |
$219,000 | $1,900,000 |
$228,000 | $2,000,000 |
| 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 |
10 | $4,358,000 |
$435,000 | $1,900,000 |
$305,000 | $2,000,000 |
| Application Withdrawn By Applicant |
3 | $672,000 |
$224,000 | $332,000 |
$68,000 | $107,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
26 | $3,515,000 |
$135,000 | $572,000 |
$216,000 | $1,000,000 |
| 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 |
7 | $921,000 |
$131,000 | $310,000 |
$68,000 | $160,000 |
| 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 |
1 | $1,500,000 |
$1,500,000 | $1,500,000 |
$2,000,000 | $2,000,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRIOR LAKE STATE BANK by:
Metropolitan Area And
County
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