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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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STERLING STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING STATE BANK |
| Address | 1419 1ST AVE SW
AUSTIN, MN 55912 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 162 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,423,000 |
| Average Mortgage Loan Amount Applied For | $108,720 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $56,160 |
| Highest Applicant Income | $291,000 |
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| Home Improvement |
11 | $315,000 |
$28,000 | $100,000 |
$82,000 | $291,000 |
| Home Purchase |
72 | $9,359,000 |
$129,000 | $680,000 |
$55,000 | $255,000 |
| Refinancing |
79 | $9,749,000 |
$123,000 | $605,000 |
$63,000 | $250,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $420,000 |
$105,000 | $161,000 |
$75,000 | $90,000 |
| Black or African American |
1 | $67,000 |
$67,000 | $67,000 |
$34,000 | $34,000 |
| Hispanic |
1 | $40,000 |
$40,000 | $40,000 |
$12,000 | $12,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
25 | $4,361,000 |
$174,000 | $680,000 |
$0 | $0 |
| Not Provided |
4 | $217,000 |
$54,000 | $159,000 |
$108,000 | $255,000 |
| White |
127 | $14,318,000 |
$112,000 | $417,000 |
$71,000 | $291,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
162 | $19,423,000 |
$119,000 | $680,000 |
$61,000 | $291,000 |
| 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 |
2 | $213,000 |
$106,000 | $166,000 |
$106,000 | $153,000 |
| Application Denied By Financial Institution |
9 | $679,000 |
$75,000 | $300,000 |
$43,000 | $69,000 |
| Application Withdrawn By Applicant |
1 | $207,000 |
$207,000 | $207,000 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
150 | $18,324,000 |
$122,000 | $680,000 |
$61,000 | $291,000 |
| 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 STERLING STATE BANK by:
Metropolitan Area And
County
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