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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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SELECT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SELECT BANK |
| Address | PO BOX S
GRAND RAPIDS, MI 49501 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 105 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,414,000 |
| Average Mortgage Loan Amount Applied For | $119,142 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $120,642 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
5 | $175,000 |
$35,000 | $50,000 |
$65,000 | $98,000 |
| Home Purchase |
63 | $6,129,000 |
$97,000 | $410,000 |
$56,000 | $1,000,000 |
| Refinancing |
37 | $6,110,000 |
$165,000 | $850,000 |
$62,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $151,000 |
$151,000 | $151,000 |
$32,000 | $32,000 |
| Black or African American |
1 | $26,000 |
$26,000 | $26,000 |
$11,000 | $11,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
47 | $6,632,000 |
$141,000 | $850,000 |
$0 | $0 |
| Not Provided |
1 | $150,000 |
$150,000 | $150,000 |
$0 | $0 |
| White |
55 | $5,455,000 |
$99,000 | $350,000 |
$112,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $12,414,000 |
$118,000 | $850,000 |
$59,000 | $1,000,000 |
| 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 |
1 | $850,000 |
$850,000 | $850,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
3 | $364,000 |
$121,000 | $132,000 |
$90,000 | $120,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
101 | $11,200,000 |
$110,000 | $679,000 |
$58,000 | $1,000,000 |
| 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 |
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 |
1 | $850,000 |
$850,000 | $850,000 |
$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 SELECT BANK by:
Metropolitan Area And
County
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