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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 STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY STATE BANK |
| Address | 107 SOUTH GARNAVILLO STREET
ANAMOSA, IA 52205 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 124 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,924,000 |
| Average Mortgage Loan Amount Applied For | $71,000 |
| Highest Mortgage Loan Amount Applied For | $443,000 |
| Average Applicant Income | $67,125 |
| Highest Applicant Income | $230,000 |
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| Home Improvement |
26 | $586,000 |
$22,000 | $90,000 |
$51,000 | $125,000 |
| Home Purchase |
42 | $4,280,000 |
$101,000 | $443,000 |
$67,000 | $230,000 |
| Refinancing |
56 | $3,058,000 |
$54,000 | $247,000 |
$58,000 | $150,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
4 | $545,000 |
$136,000 | $205,000 |
$70,000 | $120,000 |
| Not Provided |
1 | $2,000 |
$2,000 | $2,000 |
$42,000 | $42,000 |
| White |
119 | $7,377,000 |
$61,000 | $443,000 |
$59,000 | $230,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
124 | $7,924,000 |
$63,000 | $443,000 |
$60,000 | $230,000 |
| 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 |
9 | $306,000 |
$34,000 | $90,000 |
$47,000 | $86,000 |
| Application Withdrawn By Applicant |
3 | $325,000 |
$108,000 | $220,000 |
$69,000 | $102,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
112 | $7,293,000 |
$65,000 | $443,000 |
$60,000 | $230,000 |
| 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 |
3 | $110,000 |
$36,000 | $50,000 |
$79,000 | $86,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $165,000 |
$41,000 | $90,000 |
$30,000 | $39,000 |
| Debt-To-Income Ratio |
2 | $31,000 |
$15,000 | $29,000 |
$32,000 | $42,000 |
| 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 STATE BANK by:
Metropolitan Area And
County
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