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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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STEARNS BANK N.A.
Mortgage Loans and Application Details
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| Mortgage Company Name |
STEARNS BANK N.A. |
| Address | 4191 2ND STREET SOUTH
ST CLOUD, MN 56301 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 146 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,983,000 |
| Average Mortgage Loan Amount Applied For | $183,857 |
| Highest Mortgage Loan Amount Applied For | $1,047,000 |
| Average Applicant Income | $98,000 |
| Highest Applicant Income | $639,000 |
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| Home Improvement |
11 | $3,839,000 |
$349,000 | $3,500,000 |
$73,000 | $120,000 |
| Home Purchase |
83 | $15,343,000 |
$184,000 | $2,700,000 |
$68,000 | $473,000 |
| Refinancing |
66 | $10,818,000 |
$163,000 | $1,047,000 |
$100,000 | $639,000 |
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| American Indian or Alaskan Native |
1 | $39,000 |
$39,000 | $39,000 |
$51,000 | $51,000 |
| Asian |
2 | $642,000 |
$321,000 | $489,000 |
$120,000 | $179,000 |
| Black or African American |
1 | $138,000 |
$138,000 | $138,000 |
$57,000 | $57,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $7,509,000 |
$1,877,000 | $3,500,000 |
$0 | $0 |
| Not Provided |
5 | $769,000 |
$153,000 | $430,000 |
$81,000 | $183,000 |
| White |
147 | $20,903,000 |
$142,000 | $1,047,000 |
$84,000 | $639,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
145 | $28,050,000 |
$193,000 | $3,500,000 |
$86,000 | $639,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,681,000 |
$129,000 | $188,000 |
$42,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
2 | $269,000 |
$134,000 | $142,000 |
$21,000 | $35,000 |
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| Application Approved But Not Accepted |
9 | $4,940,000 |
$548,000 | $3,500,000 |
$74,000 | $183,000 |
| Application Denied By Financial Institution |
17 | $2,184,000 |
$128,000 | $285,000 |
$79,000 | $262,000 |
| Application Withdrawn By Applicant |
7 | $4,300,000 |
$614,000 | $2,700,000 |
$51,000 | $113,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
126 | $18,448,000 |
$146,000 | $1,047,000 |
$85,000 | $639,000 |
| 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 |
1 | $128,000 |
$128,000 | $128,000 |
$43,000 | $43,000 |
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| Collateral |
4 | $664,000 |
$166,000 | $285,000 |
$109,000 | $218,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $655,000 |
$81,000 | $153,000 |
$56,000 | $114,000 |
| Debt-To-Income Ratio |
4 | $658,000 |
$164,000 | $232,000 |
$52,000 | $120,000 |
| Employment History |
1 | $127,000 |
$127,000 | $127,000 |
$35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $208,000 |
$208,000 | $208,000 |
$262,000 | $262,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STEARNS BANK N.A. by:
Metropolitan Area And
County
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