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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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SOMERSET VALLEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOMERSET VALLEY BANK |
| Address | 3975 TOWNSHIP LINE ROAD
BETHLEHEM, PA 18020 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 118 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,827,000 |
| Average Mortgage Loan Amount Applied For | $237,230 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $127,230 |
| Highest Applicant Income | $489,000 |
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| Home Improvement |
19 | $713,000 |
$37,000 | $110,000 |
$75,000 | $149,000 |
| Home Purchase |
38 | $11,277,000 |
$296,000 | $775,000 |
$93,000 | $258,000 |
| Refinancing |
61 | $15,837,000 |
$259,000 | $1,000,000 |
$118,000 | $489,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
13 | $3,137,000 |
$241,000 | $455,000 |
$109,000 | $306,000 |
| Black or African American |
1 | $205,000 |
$205,000 | $205,000 |
$76,000 | $76,000 |
| Hispanic |
2 | $307,000 |
$153,000 | $257,000 |
$106,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,086,000 |
$440,000 | $775,000 |
$0 | $0 |
| Not Provided |
3 | $1,177,000 |
$392,000 | $712,000 |
$139,000 | $256,000 |
| White |
92 | $19,915,000 |
$216,000 | $1,000,000 |
$110,000 | $489,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
118 | $27,827,000 |
$235,000 | $1,000,000 |
$103,000 | $489,000 |
| 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 |
3 | $1,030,000 |
$343,000 | $400,000 |
$144,000 | $250,000 |
| Application Denied By Financial Institution |
9 | $1,414,000 |
$157,000 | $712,000 |
$94,000 | $256,000 |
| Application Withdrawn By Applicant |
10 | $2,742,000 |
$274,000 | $410,000 |
$94,000 | $489,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
96 | $22,641,000 |
$235,000 | $1,000,000 |
$104,000 | $425,000 |
| 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 |
6 | $1,119,000 |
$186,000 | $712,000 |
$105,000 | $256,000 |
| Debt-To-Income Ratio |
3 | $295,000 |
$98,000 | $235,000 |
$71,000 | $101,000 |
| 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 SOMERSET VALLEY BANK by:
Metropolitan Area And
County
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