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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 MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY MORTGAGE CORPORATION |
| Address | 5000 PENNBROOK AVENUE
SIOUX FALLS, SD 57108 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,034 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $122,072,000 |
| Average Mortgage Loan Amount Applied For | $117,523 |
| Highest Mortgage Loan Amount Applied For | $932,000 |
| Average Applicant Income | $69,119 |
| Highest Applicant Income | $428,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
937 | $119,245,000 |
$137,200 | $932,000 |
$71,600 | $737,000 |
| Refinancing |
476 | $50,689,000 |
$133,250 | $623,000 |
$69,000 | $300,000 |
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| American Indian or Alaskan Native |
5 | $383,000 |
$76,000 | $109,000 |
$49,000 | $86,000 |
| Asian |
13 | $1,495,000 |
$113,500 | $164,000 |
$46,500 | $89,000 |
| Black or African American |
4 | $545,000 |
$136,000 | $230,000 |
$42,000 | $57,000 |
| Hispanic |
11 | $1,040,000 |
$98,500 | $132,000 |
$51,500 | $173,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $428,000 |
$428,000 | $428,000 |
$196,000 | $196,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,379 | $166,043,000 |
$121,400 | $932,000 |
$69,800 | $737,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,266 | $153,028,000 |
$127,400 | $932,000 |
$72,800 | $737,000 |
| FHA-insured (Federal Housing Administration) |
81 | $9,030,000 |
$109,500 | $175,000 |
$45,000 | $152,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
34 | $3,479,000 |
$99,500 | $175,000 |
$39,500 | $57,000 |
| VA-guaranteed (Veterans Administration) |
32 | $4,397,000 |
$137,500 | $245,000 |
$46,500 | $113,000 |
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| Application Approved But Not Accepted |
150 | $19,850,000 |
$158,000 | $623,000 |
$65,500 | $196,000 |
| Application Denied By Financial Institution |
47 | $4,310,000 |
$94,500 | $234,000 |
$34,500 | $192,000 |
| Application Withdrawn By Applicant |
9 | $1,195,000 |
$141,500 | $274,000 |
$47,000 | $82,000 |
| File Closed For Incompleteness |
11 | $1,347,000 |
$109,500 | $525,000 |
$52,500 | $144,000 |
| Loan Originated |
824 | $96,575,000 |
$116,500 | $932,000 |
$81,250 | $428,000 |
| Loan Purchased By The Institution |
8 | $918,000 |
$114,000 | $156,000 |
$51,000 | $88,000 |
| Preapproval Approved but not Accepted |
292 | $38,694,000 |
$132,000 | $556,000 |
$47,000 | $737,000 |
| Preapproval Denied by Financial Institution |
72 | $7,045,000 |
$97,000 | $200,000 |
$43,000 | $96,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $234,000 |
$234,000 | $234,000 |
$90,000 | $90,000 |
| Debt-To-Income Ratio |
1 | $100,000 |
$100,000 | $100,000 |
$28,000 | $28,000 |
| 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 SECURITY MORTGAGE CORPORATION by:
Metropolitan Area And
County
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