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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 FREEDOM BANK OF VIRGINIA
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE FREEDOM BANK OF VIRGINIA |
| Address | 10555 MAIN STREET-FIRST FLOOR
FAIRFAX, VA 22030 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,027,000 |
| Average Mortgage Loan Amount Applied For | $261,200 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $146,600 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
2 | $138,000 |
$69,000 | $100,000 |
$232,000 | $240,000 |
| Home Purchase |
2 | $892,000 |
$446,000 | $850,000 |
$625,000 | $1,200,000 |
| Refinancing |
9 | $1,997,000 |
$221,000 | $650,000 |
$186,000 | $388,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
13 | $3,027,000 |
$232,000 | $850,000 |
$261,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13 | $3,027,000 |
$232,000 | $850,000 |
$261,000 | $1,200,000 |
| 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 | $35,000 |
$35,000 | $35,000 |
$65,000 | $65,000 |
| Application Denied By Financial Institution |
1 | $38,000 |
$38,000 | $38,000 |
$240,000 | $240,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
11 | $2,954,000 |
$268,000 | $850,000 |
$280,000 | $1,200,000 |
| 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 |
1 | $38,000 |
$38,000 | $38,000 |
$240,000 | $240,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE FREEDOM BANK OF VIRGINIA by:
Metropolitan Area And
County
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