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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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SECURITY FEDERAL SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY FEDERAL SAVINGS BANK |
| Address | P.O. BOX 420
LOGANSPORT, IN 46947 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 358 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,853,000 |
| Average Mortgage Loan Amount Applied For | $83,153 |
| Highest Mortgage Loan Amount Applied For | $385,000 |
| Average Applicant Income | $65,615 |
| Highest Applicant Income | $194,000 |
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| Home Improvement |
90 | $2,051,000 |
$22,000 | $234,000 |
$52,000 | $188,000 |
| Home Purchase |
175 | $13,697,000 |
$78,000 | $316,000 |
$49,000 | $194,000 |
| Refinancing |
97 | $6,499,000 |
$67,000 | $385,000 |
$51,000 | $140,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $162,000 |
$40,000 | $83,000 |
$58,000 | $85,000 |
| Black or African American |
1 | $50,000 |
$50,000 | $50,000 |
$15,000 | $15,000 |
| Hispanic |
29 | $1,465,000 |
$50,000 | $182,000 |
$34,000 | $93,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $120,000 |
$60,000 | $74,000 |
$29,000 | $40,000 |
| White |
326 | $20,450,000 |
$62,000 | $385,000 |
$52,000 | $194,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
362 | $22,247,000 |
$61,000 | $385,000 |
$50,000 | $194,000 |
| 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 |
13 | $900,000 |
$69,000 | $119,000 |
$49,000 | $126,000 |
| Application Denied By Financial Institution |
37 | $1,941,000 |
$52,000 | $143,000 |
$37,000 | $115,000 |
| Application Withdrawn By Applicant |
10 | $696,000 |
$69,000 | $100,000 |
$46,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
298 | $18,316,000 |
$61,000 | $385,000 |
$52,000 | $194,000 |
| 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 |
4 | $394,000 |
$98,000 | $176,000 |
$43,000 | $74,000 |
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| Collateral |
9 | $659,000 |
$73,000 | $140,000 |
$42,000 | $115,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $647,000 |
$46,000 | $176,000 |
$36,000 | $74,000 |
| Debt-To-Income Ratio |
14 | $617,000 |
$44,000 | $143,000 |
$32,000 | $80,000 |
| Employment History |
1 | $76,000 |
$76,000 | $76,000 |
$29,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $84,000 |
$84,000 | $84,000 |
$33,000 | $33,000 |
| Other |
2 | $252,000 |
$126,000 | $127,000 |
$72,000 | $105,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SECURITY FEDERAL SAVINGS BANK by:
Metropolitan Area And
County
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