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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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RACCOON VALLEY STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RACCOON VALLEY STATE BANK |
| Address | 1009 COURT
ADEL, IA 50003 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 165 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,652,000 |
| Average Mortgage Loan Amount Applied For | $68,071 |
| Highest Mortgage Loan Amount Applied For | $360,000 |
| Average Applicant Income | $37,000 |
| Highest Applicant Income | $346,000 |
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| Home Improvement (one-to-four family) |
22 | $715,000 |
$32,000 | $127,000 |
$48,000 | $128,000 |
| Home Purchase (one-to-four family) |
37 | $2,787,000 |
$75,000 | $270,000 |
$40,000 | $154,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
106 | $8,150,000 |
$76,000 | $360,000 |
$53,000 | $346,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $74,000 |
$37,000 | $52,000 |
$36,000 | $37,000 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $260,000 |
$86,000 | $157,000 |
$31,000 | $84,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
160 | $11,318,000 |
$70,000 | $360,000 |
$50,000 | $346,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
165 | $11,652,000 |
$70,000 | $360,000 |
$48,000 | $346,000 |
| 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 |
22 | $1,790,000 |
$81,000 | $322,000 |
$55,000 | $324,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
143 | $9,862,000 |
$68,000 | $360,000 |
$43,000 | $346,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $202,000 |
$67,000 | $105,000 |
$36,000 | $57,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $845,000 |
$70,000 | $150,000 |
$39,000 | $61,000 |
| Debt-To-Income Ratio |
4 | $387,000 |
$96,000 | $248,000 |
$31,000 | $65,000 |
| Employment History |
1 | $18,000 |
$18,000 | $18,000 |
$31,000 | $31,000 |
| 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 | $322,000 |
$322,000 | $322,000 |
$324,000 | $324,000 |
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Mortgage Loan App Totals for RACCOON VALLEY STATE BANK by:
Metropolitan Area And
County
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