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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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THE BANK OF CHARLOTTE COUNTY
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF CHARLOTTE COUNTY |
| Address | P O BOX 336
PHENIX, VA 23959 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 107 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,457,000 |
| Average Mortgage Loan Amount Applied For | $122,272 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $78,272 |
| Highest Applicant Income | $186,000 |
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| Home Improvement |
21 | $318,000 |
$15,000 | $100,000 |
$41,000 | $171,000 |
| Home Purchase |
65 | $6,220,000 |
$95,000 | $423,000 |
$64,000 | $186,000 |
| Refinancing |
21 | $1,919,000 |
$91,000 | $550,000 |
$54,000 | $185,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
19 | $886,000 |
$46,000 | $231,000 |
$53,000 | $137,000 |
| Hispanic |
1 | $45,000 |
$45,000 | $45,000 |
$30,000 | $30,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $121,000 |
$60,000 | $85,000 |
$46,000 | $55,000 |
| White |
85 | $7,405,000 |
$87,000 | $550,000 |
$59,000 | $186,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
107 | $8,457,000 |
$79,000 | $550,000 |
$58,000 | $186,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
19 | $1,076,000 |
$56,000 | $169,000 |
$64,000 | $171,000 |
| Application Withdrawn By Applicant |
5 | $369,000 |
$73,000 | $140,000 |
$30,000 | $48,000 |
| File Closed For Incompleteness |
5 | $635,000 |
$127,000 | $405,000 |
$89,000 | $153,000 |
| Loan Originated |
78 | $6,377,000 |
$81,000 | $550,000 |
$56,000 | $186,000 |
| 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 |
1 | $100,000 |
$100,000 | $100,000 |
$171,000 | $171,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $678,000 |
$56,000 | $130,000 |
$58,000 | $151,000 |
| Debt-To-Income Ratio |
6 | $298,000 |
$49,000 | $169,000 |
$58,000 | $152,000 |
| 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 THE BANK OF CHARLOTTE COUNTY by:
Metropolitan Area And
County
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