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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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SOMERVILLE BANK & TRUST CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOMERVILLE BANK & TRUST CO |
| Address | PO BOX 879
SOMERVILLE, TN 38068 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 298 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,999,000 |
| Average Mortgage Loan Amount Applied For | $63,818 |
| Highest Mortgage Loan Amount Applied For | $565,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $190,000 |
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| Home Improvement |
59 | $1,898,000 |
$32,000 | $136,000 |
$54,000 | $190,000 |
| Home Purchase |
108 | $8,101,000 |
$75,000 | $565,000 |
$64,000 | $190,000 |
| Refinancing |
131 | $6,000,000 |
$45,000 | $284,000 |
$40,000 | $180,000 |
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| American Indian or Alaskan Native |
2 | $119,000 |
$59,000 | $102,000 |
$35,000 | $46,000 |
| Asian |
1 | $26,000 |
$26,000 | $26,000 |
$7,000 | $7,000 |
| Black or African American |
100 | $3,851,000 |
$38,000 | $179,000 |
$36,000 | $160,000 |
| Hispanic |
1 | $8,000 |
$8,000 | $8,000 |
$15,000 | $15,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $313,000 |
$78,000 | $128,000 |
$47,000 | $126,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
190 | $11,682,000 |
$61,000 | $565,000 |
$61,000 | $190,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
298 | $15,999,000 |
$53,000 | $565,000 |
$52,000 | $190,000 |
| 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 |
11 | $1,234,000 |
$112,000 | $565,000 |
$41,000 | $90,000 |
| Application Withdrawn By Applicant |
5 | $334,000 |
$66,000 | $116,000 |
$36,000 | $60,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
282 | $14,431,000 |
$51,000 | $293,000 |
$52,000 | $190,000 |
| 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 |
11 | $1,234,000 |
$112,000 | $565,000 |
$41,000 | $90,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$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 SOMERVILLE BANK & TRUST CO by:
Metropolitan Area And
County
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