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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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SUMMIT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUMMIT BANK |
| Address | 409 MAIN STREET
ARKADELPHIA, AR 71923 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 929 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $94,676,000 |
| Average Mortgage Loan Amount Applied For | $124,640 |
| Highest Mortgage Loan Amount Applied For | $1,338,000 |
| Average Applicant Income | $72,760 |
| Highest Applicant Income | $550,000 |
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| Home Improvement |
75 | $3,400,000 |
$45,000 | $410,000 |
$71,000 | $550,000 |
| Home Purchase |
619 | $67,922,000 |
$109,000 | $1,338,000 |
$69,000 | $536,000 |
| Refinancing |
239 | $23,535,000 |
$98,000 | $525,000 |
$82,000 | $452,000 |
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| American Indian or Alaskan Native |
2 | $26,000 |
$13,000 | $22,000 |
$18,000 | $25,000 |
| Asian |
5 | $517,000 |
$103,000 | $229,000 |
$126,000 | $261,000 |
| Black or African American |
75 | $3,703,000 |
$49,000 | $320,000 |
$41,000 | $147,000 |
| Hispanic |
40 | $2,485,000 |
$62,000 | $213,000 |
$55,000 | $170,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
62 | $8,988,000 |
$144,000 | $1,338,000 |
$0 | $59,000 |
| Not Provided |
5 | $1,007,000 |
$201,000 | $400,000 |
$120,000 | $185,000 |
| White |
744 | $78,131,000 |
$105,000 | $770,000 |
$82,000 | $550,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
836 | $85,021,000 |
$101,000 | $1,338,000 |
$75,000 | $550,000 |
| FHA-insured (Federal Housing Administration) |
63 | $6,082,000 |
$96,000 | $203,000 |
$53,000 | $198,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
11 | $755,000 |
$68,000 | $149,000 |
$36,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
23 | $2,999,000 |
$130,000 | $385,000 |
$65,000 | $162,000 |
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| Application Approved But Not Accepted |
10 | $1,349,000 |
$134,000 | $385,000 |
$76,000 | $164,000 |
| Application Denied By Financial Institution |
116 | $6,584,000 |
$56,000 | $410,000 |
$37,000 | $170,000 |
| Application Withdrawn By Applicant |
58 | $5,609,000 |
$96,000 | $400,000 |
$74,000 | $377,000 |
| File Closed For Incompleteness |
2 | $73,000 |
$36,000 | $38,000 |
$17,000 | $25,000 |
| Loan Originated |
747 | $81,242,000 |
$108,000 | $1,338,000 |
$78,000 | $550,000 |
| 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 |
5 | $318,000 |
$63,000 | $176,000 |
$49,000 | $81,000 |
| Credit Application Incomplete |
1 | $126,000 |
$126,000 | $126,000 |
$23,000 | $23,000 |
| Credit History |
79 | $3,481,000 |
$44,000 | $350,000 |
$34,000 | $104,000 |
| Debt-To-Income Ratio |
22 | $1,872,000 |
$85,000 | $410,000 |
$45,000 | $170,000 |
| Employment History |
2 | $88,000 |
$44,000 | $59,000 |
$26,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $274,000 |
$91,000 | $154,000 |
$24,000 | $63,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $390,000 |
$130,000 | $230,000 |
$40,000 | $52,000 |
| Unverifiable Information |
1 | $35,000 |
$35,000 | $35,000 |
$66,000 | $66,000 |
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Mortgage Loan App Totals for SUMMIT BANK by:
Metropolitan Area And
County
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