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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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RUSHMORE BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
RUSHMORE BANK & TRUST |
| Address | PO BOX 2290
RAPID CITY, SD 57709 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 421 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,912,000 |
| Average Mortgage Loan Amount Applied For | $97,000 |
| Highest Mortgage Loan Amount Applied For | $380,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $750,000 |
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| Home Improvement (one-to-four family) |
44 | $1,008,000 |
$23,000 | $71,000 |
$47,000 | $114,000 |
| Home Purchase (one-to-four family) |
213 | $21,563,000 |
$101,500 | $261,000 |
$88,000 | $697,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
359 | $38,704,000 |
$110,000 | $650,000 |
$132,000 | $960,000 |
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| American Indian or Alaskan Native |
4 | $401,000 |
$100,000 | $126,000 |
$37,500 | $51,000 |
| Asian or Pacific Islander |
5 | $392,000 |
$82,500 | $124,000 |
$73,500 | $117,000 |
| Black |
6 | $574,000 |
$65,500 | $146,000 |
$58,000 | $65,000 |
| Hispanic |
7 | $826,000 |
$105,500 | $261,000 |
$73,500 | $241,000 |
| Information not provided by applicant in mail or telephone application |
33 | $3,815,000 |
$121,500 | $201,000 |
$234,000 | $960,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $378,000 |
$189,000 | $230,000 |
$411,000 | $753,000 |
| White |
559 | $54,889,000 |
$99,000 | $650,000 |
$81,500 | $750,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
500 | $48,748,000 |
$99,000 | $650,000 |
$121,000 | $960,000 |
| FHA-insured (Federal Housing Administration) |
29 | $2,581,000 |
$92,500 | $125,000 |
$53,500 | $241,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
16 | $1,626,000 |
$100,000 | $149,000 |
$38,500 | $52,000 |
| VA-guaranteed (Veterans Administration) |
71 | $8,320,000 |
$115,500 | $261,000 |
$65,500 | $732,000 |
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| Application Approved But Not Accepted |
13 | $1,692,000 |
$130,000 | $230,000 |
$303,000 | $960,000 |
| Application Denied By Financial Institution |
10 | $1,146,000 |
$127,500 | $194,000 |
$391,500 | $750,000 |
| Application Withdrawn By Applicant |
97 | $11,045,000 |
$116,500 | $650,000 |
$92,000 | $732,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
496 | $47,392,000 |
$94,500 | $516,000 |
$65,000 | $624,000 |
| Loan Purchased By The 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 RUSHMORE BANK & TRUST by:
Metropolitan Area And
County
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