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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 OLD POINT NATIONAL BANK OF
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE OLD POINT NATIONAL BANK OF |
| Address | 1 WEST MELLEN STREET
HAMPTON, VA 23663 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 385 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,755,000 |
| Average Mortgage Loan Amount Applied For | $207,565 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $137,695 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
101 | $3,677,000 |
$36,000 | $261,000 |
$64,000 | $350,000 |
| Home Purchase |
117 | $25,927,000 |
$221,000 | $1,100,000 |
$101,000 | $700,000 |
| Refinancing |
167 | $21,151,000 |
$126,000 | $563,000 |
$68,000 | $517,000 |
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| American Indian or Alaskan Native |
1 | $80,000 |
$80,000 | $80,000 |
$50,000 | $50,000 |
| Asian |
2 | $300,000 |
$150,000 | $280,000 |
$16,000 | $24,000 |
| Black or African American |
33 | $3,200,000 |
$96,000 | $599,000 |
$96,000 | $517,000 |
| Hispanic |
4 | $374,000 |
$93,000 | $131,000 |
$71,000 | $233,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
12 | $2,109,000 |
$175,000 | $550,000 |
$0 | $0 |
| Not Provided |
3 | $292,000 |
$97,000 | $135,000 |
$112,000 | $234,000 |
| White |
330 | $44,400,000 |
$134,000 | $1,100,000 |
$78,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
380 | $49,620,000 |
$130,000 | $1,100,000 |
$77,000 | $700,000 |
| 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) |
5 | $1,135,000 |
$227,000 | $312,000 |
$54,000 | $63,000 |
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| Application Approved But Not Accepted |
11 | $1,830,000 |
$166,000 | $354,000 |
$83,000 | $178,000 |
| Application Denied By Financial Institution |
24 | $3,122,000 |
$130,000 | $420,000 |
$79,000 | $502,000 |
| Application Withdrawn By Applicant |
21 | $3,531,000 |
$168,000 | $600,000 |
$87,000 | $281,000 |
| File Closed For Incompleteness |
2 | $202,000 |
$101,000 | $117,000 |
$49,000 | $60,000 |
| Loan Originated |
327 | $42,070,000 |
$128,000 | $1,100,000 |
$76,000 | $700,000 |
| 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 |
8 | $1,196,000 |
$149,000 | $420,000 |
$151,000 | $502,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $865,000 |
$96,000 | $212,000 |
$43,000 | $104,000 |
| Debt-To-Income Ratio |
5 | $916,000 |
$183,000 | $300,000 |
$41,000 | $91,000 |
| 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 |
2 | $145,000 |
$72,000 | $95,000 |
$52,000 | $75,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE OLD POINT NATIONAL BANK OF by:
Metropolitan Area And
County
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