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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 COMMUNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUMMIT COMMUNITY BANK |
| Address | 1600 ABBOTT RD
EAST LANSING, MI 48823 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 149 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,581,000 |
| Average Mortgage Loan Amount Applied For | $252,080 |
| Highest Mortgage Loan Amount Applied For | $1,095,000 |
| Average Applicant Income | $182,800 |
| Highest Applicant Income | $708,000 |
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| Home Improvement |
8 | $530,000 |
$66,000 | $150,000 |
$90,000 | $211,000 |
| Home Purchase |
90 | $21,708,000 |
$241,000 | $1,049,000 |
$139,000 | $708,000 |
| Refinancing |
51 | $8,343,000 |
$163,000 | $1,095,000 |
$121,000 | $648,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,433,000 |
$286,000 | $711,000 |
$120,000 | $243,000 |
| Black or African American |
4 | $224,000 |
$56,000 | $79,000 |
$70,000 | $136,000 |
| Hispanic |
5 | $1,219,000 |
$243,000 | $417,000 |
$123,000 | $190,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $688,000 |
$137,000 | $440,000 |
$0 | $0 |
| Not Provided |
2 | $565,000 |
$282,000 | $415,000 |
$150,000 | $300,000 |
| White |
128 | $26,452,000 |
$206,000 | $1,095,000 |
$137,000 | $708,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
148 | $30,491,000 |
$206,000 | $1,095,000 |
$130,000 | $708,000 |
| 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) |
1 | $90,000 |
$90,000 | $90,000 |
$99,000 | $99,000 |
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| Application Approved But Not Accepted |
3 | $586,000 |
$195,000 | $282,000 |
$79,000 | $116,000 |
| Application Denied By Financial Institution |
6 | $553,000 |
$92,000 | $180,000 |
$23,000 | $113,000 |
| Application Withdrawn By Applicant |
9 | $1,100,000 |
$122,000 | $222,000 |
$53,000 | $106,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
102 | $17,543,000 |
$171,000 | $1,049,000 |
$123,000 | $708,000 |
| Loan Purchased By The Institution |
29 | $10,799,000 |
$372,000 | $1,095,000 |
$207,000 | $560,000 |
| 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 | $180,000 |
$180,000 | $180,000 |
$113,000 | $113,000 |
| Debt-To-Income Ratio |
5 | $373,000 |
$74,000 | $125,000 |
$5,000 | $29,000 |
| 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 SUMMIT COMMUNITY BANK by:
Metropolitan Area And
County
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