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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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SYNERGY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SYNERGY BANK |
| Address | 310 NORTH AVENUE EAST
CRANFORD, NJ 07016 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 335 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,401,000 |
| Average Mortgage Loan Amount Applied For | $141,103 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $108,379 |
| Highest Applicant Income | $536,000 |
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| Home Improvement |
74 | $6,690,000 |
$90,000 | $600,000 |
$103,000 | $272,000 |
| Home Purchase |
35 | $12,070,000 |
$344,000 | $1,100,000 |
$118,000 | $536,000 |
| Refinancing |
226 | $26,641,000 |
$117,000 | $800,000 |
$100,000 | $326,000 |
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| American Indian or Alaskan Native |
1 | $465,000 |
$465,000 | $465,000 |
$0 | $0 |
| Asian |
18 | $2,527,000 |
$140,000 | $608,000 |
$134,000 | $272,000 |
| Black or African American |
12 | $1,927,000 |
$160,000 | $497,000 |
$76,000 | $234,000 |
| Hispanic |
18 | $2,046,000 |
$113,000 | $297,000 |
$116,000 | $326,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
11 | $3,814,000 |
$346,000 | $630,000 |
$0 | $0 |
| Not Provided |
125 | $15,692,000 |
$125,000 | $1,100,000 |
$102,000 | $536,000 |
| White |
150 | $18,930,000 |
$126,000 | $800,000 |
$108,000 | $536,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
335 | $45,401,000 |
$135,000 | $1,100,000 |
$102,000 | $536,000 |
| 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 |
43 | $3,966,000 |
$92,000 | $800,000 |
$107,000 | $272,000 |
| Application Denied By Financial Institution |
38 | $5,700,000 |
$150,000 | $417,000 |
$89,000 | $210,000 |
| Application Withdrawn By Applicant |
2 | $1,108,000 |
$554,000 | $608,000 |
$250,000 | $272,000 |
| File Closed For Incompleteness |
1 | $115,000 |
$115,000 | $115,000 |
$77,000 | $77,000 |
| Loan Originated |
249 | $34,047,000 |
$136,000 | $1,100,000 |
$103,000 | $536,000 |
| 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 |
2 | $465,000 |
$232,000 | $290,000 |
$57,000 | $63,000 |
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| Collateral |
2 | $81,000 |
$40,000 | $45,000 |
$86,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $1,747,000 |
$174,000 | $327,000 |
$115,000 | $210,000 |
| Debt-To-Income Ratio |
24 | $4,071,000 |
$169,000 | $417,000 |
$74,000 | $138,000 |
| 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 |
4 | $266,000 |
$66,000 | $112,000 |
$102,000 | $205,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SYNERGY BANK by:
Metropolitan Area And
County
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