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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 RICHMOND
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE BANK OF RICHMOND |
| Address | 22 CENTRAL AVE S, BOX 519
RICHMOND, MN 56368 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 46 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,431,000 |
| Average Mortgage Loan Amount Applied For | $126,000 |
| Highest Mortgage Loan Amount Applied For | $365,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $216,000 |
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| Home Improvement |
8 | $478,000 |
$59,000 | $130,000 |
$89,000 | $207,000 |
| Home Purchase |
28 | $3,874,000 |
$138,000 | $300,000 |
$71,000 | $206,000 |
| Refinancing |
21 | $2,682,000 |
$127,000 | $365,000 |
$58,000 | $216,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
57 | $7,034,000 |
$123,000 | $365,000 |
$69,000 | $216,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
57 | $7,034,000 |
$123,000 | $365,000 |
$69,000 | $216,000 |
| 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 |
7 | $1,017,000 |
$145,000 | $270,000 |
$56,000 | $79,000 |
| Application Denied By Financial Institution |
1 | $80,000 |
$80,000 | $80,000 |
$46,000 | $46,000 |
| Application Withdrawn By Applicant |
1 | $94,000 |
$94,000 | $94,000 |
$73,000 | $73,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
48 | $5,843,000 |
$121,000 | $365,000 |
$71,000 | $216,000 |
| 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 |
1 | $80,000 |
$80,000 | $80,000 |
$46,000 | $46,000 |
| 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 RICHMOND by:
Metropolitan Area And
County
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