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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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SOUTHERN COMMUNITY BANK AND TR
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN COMMUNITY BANK AND TR |
| Address | 465 SHEPHERD STREET
WINSTON-SALEM, NC 27103 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 859 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $126,995,000 |
| Average Mortgage Loan Amount Applied For | $195,196 |
| Highest Mortgage Loan Amount Applied For | $3,900,000 |
| Average Applicant Income | $119,833 |
| Highest Applicant Income | $3,541,000 |
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| Home Improvement |
20 | $978,000 |
$48,000 | $170,000 |
$68,000 | $265,000 |
| Home Purchase |
502 | $86,138,000 |
$171,000 | $3,900,000 |
$90,000 | $3,541,000 |
| Refinancing |
337 | $39,879,000 |
$118,000 | $900,000 |
$72,000 | $546,000 |
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| American Indian or Alaskan Native |
3 | $397,000 |
$132,000 | $225,000 |
$87,000 | $122,000 |
| Asian |
12 | $2,008,000 |
$167,000 | $321,000 |
$79,000 | $137,000 |
| Black or African American |
36 | $3,628,000 |
$100,000 | $315,000 |
$34,000 | $115,000 |
| Hispanic |
15 | $2,325,000 |
$155,000 | $700,000 |
$61,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
67 | $13,122,000 |
$195,000 | $3,900,000 |
$0 | $0 |
| Not Provided |
16 | $1,421,000 |
$88,000 | $303,000 |
$211,000 | $2,280,000 |
| White |
710 | $104,094,000 |
$146,000 | $1,506,000 |
$90,000 | $3,541,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
844 | $125,744,000 |
$148,000 | $3,900,000 |
$84,000 | $3,541,000 |
| FHA-insured (Federal Housing Administration) |
15 | $1,251,000 |
$83,000 | $108,000 |
$27,000 | $46,000 |
| 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 |
58 | $9,157,000 |
$157,000 | $900,000 |
$68,000 | $240,000 |
| Application Denied By Financial Institution |
72 | $8,593,000 |
$119,000 | $778,000 |
$59,000 | $420,000 |
| Application Withdrawn By Applicant |
59 | $7,300,000 |
$123,000 | $632,000 |
$68,000 | $408,000 |
| File Closed For Incompleteness |
1 | $49,000 |
$49,000 | $49,000 |
$0 | $0 |
| Loan Originated |
669 | $101,896,000 |
$152,000 | $3,900,000 |
$88,000 | $3,541,000 |
| 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 |
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 SOUTHERN COMMUNITY BANK AND TR by:
Metropolitan Area And
County
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