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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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STATE BANK OF ALCESTER
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE BANK OF ALCESTER |
| Address | 190 IOWA ST
ALCESTER, SD 57001 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 44 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,524,000 |
| Average Mortgage Loan Amount Applied For | $80,000 |
| Highest Mortgage Loan Amount Applied For | $420,000 |
| Average Applicant Income | $69,000 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
22 | $467,000 |
$21,000 | $81,000 |
$32,000 | $91,000 |
| Home Purchase |
28 | $2,527,000 |
$90,000 | $270,000 |
$47,000 | $136,000 |
| Refinancing |
36 | $3,012,000 |
$83,000 | $420,000 |
$73,000 | $500,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $12,000 |
$6,000 | $8,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
84 | $5,994,000 |
$71,000 | $420,000 |
$55,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
75 | $5,143,000 |
$68,000 | $420,000 |
$57,000 | $500,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
11 | $863,000 |
$78,000 | $157,000 |
$34,000 | $56,000 |
| 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 |
15 | $1,234,000 |
$82,000 | $270,000 |
$42,000 | $76,000 |
| Application Withdrawn By Applicant |
1 | $25,000 |
$25,000 | $25,000 |
$17,000 | $17,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
70 | $4,747,000 |
$67,000 | $420,000 |
$57,000 | $500,000 |
| 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 | $134,000 |
$67,000 | $87,000 |
$47,000 | $76,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $699,000 |
$87,000 | $180,000 |
$47,000 | $76,000 |
| Debt-To-Income Ratio |
5 | $401,000 |
$80,000 | $270,000 |
$33,000 | $63,000 |
| 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 STATE BANK OF ALCESTER by:
Metropolitan Area And
County
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