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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 LONG LAKE
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE BANK OF LONG LAKE |
| Address | 1964 WEST WAYZATA BLVD
LONG LAKE, MN 55356 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 56 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,863,000 |
| Average Mortgage Loan Amount Applied For | $248,250 |
| Highest Mortgage Loan Amount Applied For | $3,500,000 |
| Average Applicant Income | $25,500 |
| Highest Applicant Income | $554,000 |
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| Home Improvement |
6 | $546,000 |
$91,000 | $266,000 |
$54,000 | $145,000 |
| Home Purchase |
33 | $14,693,000 |
$445,000 | $3,500,000 |
$58,000 | $554,000 |
| Refinancing |
19 | $3,839,000 |
$202,000 | $1,200,000 |
$21,000 | $111,000 |
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| American Indian or Alaskan Native |
1 | $160,000 |
$160,000 | $160,000 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
5 | $2,284,000 |
$456,000 | $900,000 |
$32,000 | $160,000 |
| Hispanic |
1 | $55,000 |
$55,000 | $55,000 |
$54,000 | $54,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
10 | $5,310,000 |
$531,000 | $3,500,000 |
$0 | $0 |
| Not Provided |
7 | $1,653,000 |
$236,000 | $875,000 |
$59,000 | $221,000 |
| White |
34 | $9,616,000 |
$282,000 | $1,600,000 |
$59,000 | $554,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
58 | $19,078,000 |
$328,000 | $3,500,000 |
$45,000 | $554,000 |
| 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 |
11 | $1,748,000 |
$158,000 | $380,000 |
$13,000 | $64,000 |
| Application Withdrawn By Applicant |
5 | $2,365,000 |
$473,000 | $1,200,000 |
$51,000 | $160,000 |
| File Closed For Incompleteness |
1 | $203,000 |
$203,000 | $203,000 |
$0 | $0 |
| Loan Originated |
41 | $14,762,000 |
$360,000 | $3,500,000 |
$55,000 | $554,000 |
| 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 STATE BANK OF LONG LAKE by:
Metropolitan Area And
County
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