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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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RIDGEDALE STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIDGEDALE STATE BANK |
| Address | 1730 PLYMOUTH RD.
MINNETONKA, MN 55305 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 19 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,383,000 |
| Average Mortgage Loan Amount Applied For | $239,500 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $77,875 |
| Highest Applicant Income | $1,594,000 |
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| Home Improvement |
3 | $140,000 |
$46,000 | $70,000 |
$69,000 | $125,000 |
| Home Purchase |
11 | $4,029,000 |
$366,000 | $1,300,000 |
$211,000 | $1,594,000 |
| Refinancing |
5 | $2,214,000 |
$442,000 | $980,000 |
$135,000 | $319,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $1,300,000 |
$1,300,000 | $1,300,000 |
$1,594,000 | $1,594,000 |
| 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 |
3 | $1,380,000 |
$460,000 | $600,000 |
$0 | $0 |
| Not Provided |
1 | $305,000 |
$305,000 | $305,000 |
$90,000 | $90,000 |
| White |
14 | $3,398,000 |
$242,000 | $980,000 |
$109,000 | $319,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19 | $6,383,000 |
$335,000 | $1,300,000 |
$169,000 | $1,594,000 |
| 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 |
2 | $605,000 |
$302,000 | $305,000 |
$178,000 | $266,000 |
| Application Denied By Financial Institution |
3 | $820,000 |
$273,000 | $690,000 |
$81,000 | $197,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
14 | $4,958,000 |
$354,000 | $1,300,000 |
$186,000 | $1,594,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RIDGEDALE STATE BANK by:
Metropolitan Area And
County
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