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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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SOUTHFIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHFIRST BANK |
| Address | 126 NORTH NORTON AVE
SYLACAUGA, AL 35150 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 406 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,598,000 |
| Average Mortgage Loan Amount Applied For | $135,071 |
| Highest Mortgage Loan Amount Applied For | $658,000 |
| Average Applicant Income | $76,892 |
| Highest Applicant Income | $335,000 |
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| Home Improvement |
43 | $2,515,000 |
$58,000 | $200,000 |
$58,000 | $124,000 |
| Home Purchase |
242 | $27,128,000 |
$112,000 | $417,000 |
$66,000 | $335,000 |
| Refinancing |
121 | $13,955,000 |
$115,000 | $658,000 |
$66,000 | $300,000 |
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| American Indian or Alaskan Native |
1 | $95,000 |
$95,000 | $95,000 |
$34,000 | $34,000 |
| Asian |
5 | $555,000 |
$111,000 | $210,000 |
$101,000 | $136,000 |
| Black or African American |
31 | $2,914,000 |
$94,000 | $264,000 |
$46,000 | $102,000 |
| Hispanic |
1 | $182,000 |
$182,000 | $182,000 |
$73,000 | $73,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $95,000 |
$95,000 | $95,000 |
$32,000 | $32,000 |
| Not applicable |
13 | $1,190,000 |
$91,000 | $388,000 |
$60,000 | $335,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
354 | $38,567,000 |
$108,000 | $658,000 |
$67,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
386 | $40,842,000 |
$105,000 | $658,000 |
$66,000 | $335,000 |
| FHA-insured (Federal Housing Administration) |
7 | $953,000 |
$136,000 | $182,000 |
$51,000 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
13 | $1,803,000 |
$138,000 | $228,000 |
$53,000 | $77,000 |
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| Application Approved But Not Accepted |
18 | $1,988,000 |
$110,000 | $304,000 |
$62,000 | $156,000 |
| Application Denied By Financial Institution |
32 | $2,891,000 |
$90,000 | $235,000 |
$50,000 | $137,000 |
| Application Withdrawn By Applicant |
40 | $4,367,000 |
$109,000 | $388,000 |
$63,000 | $246,000 |
| File Closed For Incompleteness |
3 | $661,000 |
$220,000 | $250,000 |
$65,000 | $85,000 |
| Loan Originated |
313 | $33,691,000 |
$107,000 | $658,000 |
$68,000 | $335,000 |
| 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 | $199,000 |
$99,000 | $130,000 |
$79,000 | $113,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
20 | $1,851,000 |
$92,000 | $235,000 |
$52,000 | $137,000 |
| Debt-To-Income Ratio |
7 | $627,000 |
$89,000 | $171,000 |
$40,000 | $59,000 |
| Employment History |
1 | $135,000 |
$135,000 | $135,000 |
$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 |
2 | $79,000 |
$39,000 | $41,000 |
$71,000 | $79,000 |
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Mortgage Loan App Totals for SOUTHFIRST BANK by:
Metropolitan Area And
County
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