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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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SUFFOLKFIRST BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUFFOLKFIRST BANK |
| Address | 1000 N. MAIN STREET
SUFFOLK, VA 23434 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 63 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,422,000 |
| Average Mortgage Loan Amount Applied For | $247,300 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $95,100 |
| Highest Applicant Income | $428,000 |
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| Home Improvement |
25 | $1,995,000 |
$79,000 | $1,100,000 |
$66,000 | $428,000 |
| Home Purchase |
24 | $4,688,000 |
$195,000 | $900,000 |
$88,000 | $310,000 |
| Refinancing |
14 | $2,739,000 |
$195,000 | $918,000 |
$72,000 | $194,000 |
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| American Indian or Alaskan Native |
1 | $20,000 |
$20,000 | $20,000 |
$33,000 | $33,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
9 | $321,000 |
$35,000 | $70,000 |
$51,000 | $95,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $1,167,000 |
$166,000 | $500,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
46 | $7,914,000 |
$172,000 | $1,100,000 |
$93,000 | $428,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
63 | $9,422,000 |
$149,000 | $1,100,000 |
$76,000 | $428,000 |
| 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 | $71,000 |
$35,000 | $70,000 |
$62,000 | $95,000 |
| Application Denied By Financial Institution |
3 | $85,000 |
$28,000 | $50,000 |
$45,000 | $66,000 |
| Application Withdrawn By Applicant |
2 | $231,000 |
$115,000 | $156,000 |
$125,000 | $143,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
56 | $9,035,000 |
$161,000 | $1,100,000 |
$76,000 | $428,000 |
| 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 |
2 | $35,000 |
$17,000 | $30,000 |
$35,000 | $48,000 |
| Debt-To-Income Ratio |
1 | $50,000 |
$50,000 | $50,000 |
$66,000 | $66,000 |
| 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 SUFFOLKFIRST BANK by:
Metropolitan Area And
County
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