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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 SOUTH CAROLINA
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE BANK OF SOUTH CAROLINA |
| Address | 256 MEETING STREET
CHARLESTON, SC 29401 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 270 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,276,000 |
| Average Mortgage Loan Amount Applied For | $214,950 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $111,550 |
| Highest Applicant Income | $1,296,000 |
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| Home Improvement |
11 | $487,000 |
$44,000 | $150,000 |
$112,000 | $304,000 |
| Home Purchase |
153 | $31,969,000 |
$208,000 | $1,331,000 |
$97,000 | $327,000 |
| Refinancing |
119 | $32,254,000 |
$271,000 | $2,000,000 |
$139,000 | $1,296,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $318,000 |
$159,000 | $195,000 |
$63,000 | $69,000 |
| Black or African American |
16 | $2,495,000 |
$155,000 | $652,000 |
$75,000 | $237,000 |
| Hispanic |
4 | $882,000 |
$220,000 | $362,000 |
$129,000 | $272,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $1,542,000 |
$308,000 | $1,000,000 |
$0 | $0 |
| Not Provided |
14 | $3,181,000 |
$227,000 | $464,000 |
$109,000 | $169,000 |
| White |
242 | $56,292,000 |
$232,000 | $2,000,000 |
$121,000 | $1,296,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
270 | $62,114,000 |
$230,000 | $2,000,000 |
$116,000 | $1,296,000 |
| FHA-insured (Federal Housing Administration) |
5 | $869,000 |
$173,000 | $231,000 |
$124,000 | $315,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,727,000 |
$215,000 | $352,000 |
$72,000 | $133,000 |
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| Application Approved But Not Accepted |
6 | $1,129,000 |
$188,000 | $320,000 |
$99,000 | $156,000 |
| Application Denied By Financial Institution |
16 | $2,929,000 |
$183,000 | $652,000 |
$68,000 | $204,000 |
| Application Withdrawn By Applicant |
4 | $666,000 |
$166,000 | $206,000 |
$161,000 | $352,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
257 | $59,986,000 |
$233,000 | $2,000,000 |
$118,000 | $1,296,000 |
| 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 | $855,000 |
$171,000 | $273,000 |
$26,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $896,000 |
$224,000 | $652,000 |
$105,000 | $200,000 |
| Debt-To-Income Ratio |
2 | $238,000 |
$119,000 | $150,000 |
$11,000 | $23,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $178,000 |
$178,000 | $178,000 |
$204,000 | $204,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $484,000 |
$484,000 | $484,000 |
$155,000 | $155,000 |
| Unverifiable Information |
3 | $278,000 |
$92,000 | $152,000 |
$55,000 | $68,000 |
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Mortgage Loan App Totals for THE BANK OF SOUTH CAROLINA by:
Metropolitan Area And
County
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