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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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RIVER CITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIVER CITY BANK |
| Address | 8051 MECHANICSVILLE TURNPIKE
MECHANICSVILLE, VA 23111 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 65 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,603,000 |
| Average Mortgage Loan Amount Applied For | $138,818 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $29,545 |
| Highest Applicant Income | $326,000 |
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| Home Improvement |
10 | $866,000 |
$86,000 | $330,000 |
$100,000 | $312,000 |
| Home Purchase |
38 | $6,714,000 |
$176,000 | $1,400,000 |
$59,000 | $291,000 |
| Refinancing |
17 | $4,023,000 |
$236,000 | $1,000,000 |
$64,000 | $326,000 |
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| American Indian or Alaskan Native |
1 | $150,000 |
$150,000 | $150,000 |
$138,000 | $138,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $560,000 |
$280,000 | $330,000 |
$82,000 | $109,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
34 | $7,517,000 |
$221,000 | $1,400,000 |
$0 | $0 |
| Not Provided |
1 | $163,000 |
$163,000 | $163,000 |
$111,000 | $111,000 |
| White |
27 | $3,213,000 |
$119,000 | $394,000 |
$146,000 | $326,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
65 | $11,603,000 |
$178,000 | $1,400,000 |
$67,000 | $326,000 |
| 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 |
4 | $718,000 |
$179,000 | $325,000 |
$68,000 | $111,000 |
| Application Withdrawn By Applicant |
4 | $579,000 |
$144,000 | $285,000 |
$139,000 | $291,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
57 | $10,306,000 |
$180,000 | $1,400,000 |
$62,000 | $326,000 |
| 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 |
1 | $325,000 |
$325,000 | $325,000 |
$82,000 | $82,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $393,000 |
$131,000 | $220,000 |
$63,000 | $111,000 |
| 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 RIVER CITY BANK by:
Metropolitan Area And
County
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