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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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SONABANK, N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SONABANK, N.A. |
| Address | 1770 TIMBERWOOD BLVD SUITE 100
CHARLOTTESVILLE, VA 22911-7593 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 33 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,269,000 |
| Average Mortgage Loan Amount Applied For | $203,125 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $144,250 |
| Highest Applicant Income | $634,000 |
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| Home Improvement |
10 | $149,000 |
$14,000 | $60,000 |
$41,000 | $68,000 |
| Home Purchase |
16 | $1,326,000 |
$82,000 | $204,000 |
$76,000 | $207,000 |
| Refinancing |
7 | $1,794,000 |
$256,000 | $800,000 |
$272,000 | $634,000 |
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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 |
1 | $5,000 |
$5,000 | $5,000 |
$28,000 | $28,000 |
| Hispanic |
2 | $125,000 |
$62,000 | $75,000 |
$20,000 | $41,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $1,204,000 |
$401,000 | $800,000 |
$174,000 | $381,000 |
| White |
27 | $1,935,000 |
$71,000 | $250,000 |
$109,000 | $634,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
33 | $3,269,000 |
$99,000 | $800,000 |
$107,000 | $634,000 |
| 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 |
8 | $532,000 |
$66,000 | $160,000 |
$62,000 | $195,000 |
| Application Withdrawn By Applicant |
5 | $520,000 |
$104,000 | $201,000 |
$43,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
20 | $2,217,000 |
$110,000 | $800,000 |
$142,000 | $634,000 |
| 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 |
2 | $34,000 |
$17,000 | $20,000 |
$45,000 | $48,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $161,000 |
$53,000 | $91,000 |
$42,000 | $63,000 |
| Debt-To-Income Ratio |
3 | $337,000 |
$112,000 | $160,000 |
$93,000 | $195,000 |
| 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 SONABANK, N.A. by:
Metropolitan Area And
County
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