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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 ELBERFELD STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE ELBERFELD STATE BANK |
| Address | PO BOX 38
ELBERFELD, IN 47613 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 115 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,989,000 |
| Average Mortgage Loan Amount Applied For | $82,750 |
| Highest Mortgage Loan Amount Applied For | $390,000 |
| Average Applicant Income | $50,375 |
| Highest Applicant Income | $170,000 |
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| Home Improvement |
3 | $253,000 |
$84,000 | $163,000 |
$72,000 | $105,000 |
| Home Purchase |
51 | $4,522,000 |
$88,000 | $288,000 |
$61,000 | $161,000 |
| Refinancing |
61 | $5,214,000 |
$85,000 | $390,000 |
$54,000 | $170,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
4 | $425,000 |
$106,000 | $156,000 |
$56,000 | $102,000 |
| Not Provided |
2 | $88,000 |
$44,000 | $52,000 |
$55,000 | $79,000 |
| White |
109 | $9,476,000 |
$86,000 | $390,000 |
$58,000 | $170,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
115 | $9,989,000 |
$86,000 | $390,000 |
$58,000 | $170,000 |
| 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 |
21 | $1,784,000 |
$84,000 | $180,000 |
$50,000 | $102,000 |
| Application Withdrawn By Applicant |
10 | $1,203,000 |
$120,000 | $216,000 |
$44,000 | $129,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
84 | $7,002,000 |
$83,000 | $390,000 |
$61,000 | $170,000 |
| 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 |
2 | $140,000 |
$70,000 | $88,000 |
$35,000 | $39,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $974,000 |
$88,000 | $180,000 |
$50,000 | $90,000 |
| Debt-To-Income Ratio |
7 | $607,000 |
$86,000 | $156,000 |
$56,000 | $102,000 |
| Employment History |
1 | $63,000 |
$63,000 | $63,000 |
$36,000 | $36,000 |
| 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 ELBERFELD STATE BANK by:
Metropolitan Area And
County
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