|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SECURITY FEDERAL BANK
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SECURITY FEDERAL BANK |
| Address | 632 E ELK AVENUE
ELIZABETHTON, TN 37643 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 67 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,221,000 |
| Average Mortgage Loan Amount Applied For | $164,000 |
| Highest Mortgage Loan Amount Applied For | $707,000 |
| Average Applicant Income | $108,000 |
| Highest Applicant Income | $491,000 |
|
|
|
| Home Improvement |
16 | $309,000 |
$19,000 | $84,000 |
$44,000 | $109,000 |
| Home Purchase |
30 | $3,108,000 |
$103,000 | $707,000 |
$61,000 | $491,000 |
| Refinancing |
24 | $2,119,000 |
$88,000 | $417,000 |
$55,000 | $200,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $32,000 |
$32,000 | $32,000 |
$51,000 | $51,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
69 | $5,504,000 |
$79,000 | $707,000 |
$55,000 | $491,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
70 | $5,536,000 |
$79,000 | $707,000 |
$55,000 | $491,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
3 | $296,000 |
$98,000 | $275,000 |
$13,000 | $30,000 |
| Application Denied By Financial Institution |
1 | $35,000 |
$35,000 | $35,000 |
$23,000 | $23,000 |
| Application Withdrawn By Applicant |
3 | $125,000 |
$41,000 | $70,000 |
$7,000 | $21,000 |
| File Closed For Incompleteness |
1 | $60,000 |
$60,000 | $60,000 |
$38,000 | $38,000 |
| Loan Originated |
60 | $4,403,000 |
$73,000 | $707,000 |
$57,000 | $491,000 |
| Loan Purchased By The Institution |
2 | $617,000 |
$308,000 | $417,000 |
$160,000 | $200,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $35,000 |
$35,000 | $35,000 |
$23,000 | $23,000 |
| 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 |
|
Mortgage Loan App Totals for SECURITY FEDERAL BANK by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
