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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 ELK RIVER
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF ELK RIVER |
| Address | 630 MAIN ST
ELK RIVER, MN 55330 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 287 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,322,000 |
| Average Mortgage Loan Amount Applied For | $173,375 |
| Highest Mortgage Loan Amount Applied For | $1,785,000 |
| Average Applicant Income | $70,625 |
| Highest Applicant Income | $1,679,000 |
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| Home Improvement |
172 | $6,362,000 |
$36,000 | $340,000 |
$75,000 | $250,000 |
| Home Purchase |
28 | $5,887,000 |
$210,000 | $1,785,000 |
$88,000 | $486,000 |
| Refinancing |
125 | $8,672,000 |
$69,000 | $450,000 |
$90,000 | $1,679,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $118,000 |
$39,000 | $60,000 |
$62,000 | $65,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $3,528,000 |
$441,000 | $1,785,000 |
$14,000 | $112,000 |
| Not Provided |
1 | $17,000 |
$17,000 | $17,000 |
$60,000 | $60,000 |
| White |
313 | $17,258,000 |
$55,000 | $450,000 |
$84,000 | $1,679,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
325 | $20,921,000 |
$64,000 | $1,785,000 |
$82,000 | $1,679,000 |
| 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 |
1 | $46,000 |
$46,000 | $46,000 |
$49,000 | $49,000 |
| Application Denied By Financial Institution |
22 | $1,390,000 |
$63,000 | $375,000 |
$66,000 | $150,000 |
| Application Withdrawn By Applicant |
5 | $234,000 |
$46,000 | $70,000 |
$93,000 | $144,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
297 | $19,251,000 |
$64,000 | $1,785,000 |
$83,000 | $1,679,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 ELK RIVER by:
Metropolitan Area And
County
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