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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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PRIORITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIORITY BANK |
| Address | PO BOX 1090
OZARK, AR 72949 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 409 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,480,000 |
| Average Mortgage Loan Amount Applied For | $120,671 |
| Highest Mortgage Loan Amount Applied For | $433,000 |
| Average Applicant Income | $65,625 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
21 | $497,000 |
$23,000 | $62,000 |
$77,000 | $276,000 |
| Home Purchase |
303 | $30,530,000 |
$100,000 | $416,000 |
$61,000 | $350,000 |
| Refinancing |
85 | $10,453,000 |
$122,000 | $433,000 |
$68,000 | $242,000 |
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| American Indian or Alaskan Native |
1 | $66,000 |
$66,000 | $66,000 |
$22,000 | $22,000 |
| Asian |
7 | $1,102,000 |
$157,000 | $416,000 |
$115,000 | $205,000 |
| Black or African American |
18 | $2,623,000 |
$145,000 | $305,000 |
$70,000 | $170,000 |
| Hispanic |
12 | $1,095,000 |
$91,000 | $164,000 |
$60,000 | $124,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $105,000 |
$105,000 | $105,000 |
$36,000 | $36,000 |
| Not applicable |
2 | $108,000 |
$54,000 | $84,000 |
$48,000 | $96,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
368 | $36,381,000 |
$98,000 | $433,000 |
$63,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
300 | $32,347,000 |
$107,000 | $433,000 |
$74,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
5 | $570,000 |
$114,000 | $163,000 |
$49,000 | $82,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
97 | $7,339,000 |
$75,000 | $152,000 |
$34,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
7 | $1,224,000 |
$174,000 | $270,000 |
$56,000 | $115,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $1,328,000 |
$94,000 | $169,000 |
$49,000 | $82,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
395 | $40,152,000 |
$101,000 | $433,000 |
$64,000 | $350,000 |
| 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 |
5 | $509,000 |
$101,000 | $127,000 |
$52,000 | $82,000 |
| Debt-To-Income Ratio |
1 | $45,000 |
$45,000 | $45,000 |
$16,000 | $16,000 |
| Employment History |
1 | $105,000 |
$105,000 | $105,000 |
$82,000 | $82,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $500,000 |
$83,000 | $145,000 |
$46,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $169,000 |
$169,000 | $169,000 |
$50,000 | $50,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRIORITY BANK by:
Metropolitan Area And
County
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