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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 COMMERCIAL BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE COMMERCIAL BANK |
| Address | 4 CHURCH STREET
HONEA PATH, SC 29654 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 116 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,728,000 |
| Average Mortgage Loan Amount Applied For | $53,666 |
| Highest Mortgage Loan Amount Applied For | $253,000 |
| Average Applicant Income | $38,666 |
| Highest Applicant Income | $165,000 |
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| Home Improvement |
32 | $634,000 |
$19,000 | $70,000 |
$37,000 | $110,000 |
| Home Purchase |
34 | $1,795,000 |
$52,000 | $175,000 |
$52,000 | $165,000 |
| Refinancing |
50 | $3,299,000 |
$65,000 | $253,000 |
$54,000 | $132,000 |
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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 |
11 | $371,000 |
$33,000 | $100,000 |
$39,000 | $60,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $58,000 |
$29,000 | $30,000 |
$0 | $0 |
| Not Provided |
1 | $21,000 |
$21,000 | $21,000 |
$60,000 | $60,000 |
| White |
102 | $5,278,000 |
$51,000 | $253,000 |
$51,000 | $165,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
116 | $5,728,000 |
$49,000 | $253,000 |
$49,000 | $165,000 |
| 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 |
4 | $227,000 |
$56,000 | $90,000 |
$27,000 | $53,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
112 | $5,501,000 |
$49,000 | $253,000 |
$49,000 | $165,000 |
| 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 |
3 | $137,000 |
$45,000 | $60,000 |
$33,000 | $53,000 |
| 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 |
1 | $90,000 |
$90,000 | $90,000 |
$11,000 | $11,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE COMMERCIAL BANK by:
Metropolitan Area And
County
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