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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 HERITAGE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN HERITAGE BANK |
| Address | 3020 KEITH STREET
CLEVELAND, TN 37312 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 119 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,247,000 |
| Average Mortgage Loan Amount Applied For | $139,555 |
| Highest Mortgage Loan Amount Applied For | $504,000 |
| Average Applicant Income | $98,111 |
| Highest Applicant Income | $583,000 |
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| Home Improvement |
32 | $664,000 |
$20,000 | $185,000 |
$79,000 | $514,000 |
| Home Purchase |
54 | $6,952,000 |
$128,000 | $440,000 |
$105,000 | $583,000 |
| Refinancing |
33 | $3,631,000 |
$110,000 | $504,000 |
$77,000 | $280,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $440,000 |
$440,000 | $440,000 |
$583,000 | $583,000 |
| Black or African American |
1 | $44,000 |
$44,000 | $44,000 |
$29,000 | $29,000 |
| Hispanic |
3 | $218,000 |
$72,000 | $136,000 |
$49,000 | $72,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
6 | $1,846,000 |
$307,000 | $504,000 |
$6,000 | $39,000 |
| Not Provided |
6 | $687,000 |
$114,000 | $334,000 |
$96,000 | $138,000 |
| White |
102 | $8,012,000 |
$78,000 | $353,000 |
$92,000 | $514,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
110 | $10,478,000 |
$95,000 | $504,000 |
$95,000 | $583,000 |
| FHA-insured (Federal Housing Administration) |
9 | $769,000 |
$85,000 | $147,000 |
$35,000 | $60,000 |
| 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 |
14 | $1,720,000 |
$122,000 | $220,000 |
$67,000 | $118,000 |
| Application Denied By Financial Institution |
19 | $1,685,000 |
$88,000 | $278,000 |
$44,000 | $153,000 |
| Application Withdrawn By Applicant |
2 | $409,000 |
$204,000 | $325,000 |
$36,000 | $38,000 |
| File Closed For Incompleteness |
1 | $70,000 |
$70,000 | $70,000 |
$27,000 | $27,000 |
| Loan Originated |
83 | $7,363,000 |
$88,000 | $504,000 |
$107,000 | $583,000 |
| 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 HERITAGE BANK by:
Metropolitan Area And
County
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