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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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UNION STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNION STATE BANK |
| Address | 2019 COGSWELL AVE
PELL CITY, AL 35125 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 221 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,954,000 |
| Average Mortgage Loan Amount Applied For | $223,222 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $257,555 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
39 | $557,000 |
$14,000 | $100,000 |
$119,000 | $2,000,000 |
| Home Purchase |
63 | $10,538,000 |
$167,000 | $1,000,000 |
$72,000 | $420,000 |
| Refinancing |
119 | $23,859,000 |
$200,000 | $2,000,000 |
$118,000 | $2,000,000 |
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| American Indian or Alaskan Native |
1 | $340,000 |
$340,000 | $340,000 |
$65,000 | $65,000 |
| Asian |
1 | $117,000 |
$117,000 | $117,000 |
$0 | $0 |
| Black or African American |
11 | $427,000 |
$38,000 | $135,000 |
$53,000 | $120,000 |
| Hispanic |
2 | $240,000 |
$120,000 | $239,000 |
$107,000 | $125,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
22 | $10,123,000 |
$460,000 | $2,000,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
184 | $23,707,000 |
$128,000 | $1,000,000 |
$121,000 | $2,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
221 | $34,954,000 |
$158,000 | $2,000,000 |
$105,000 | $2,000,000 |
| 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 |
2 | $565,000 |
$282,000 | $380,000 |
$274,000 | $474,000 |
| Application Denied By Financial Institution |
18 | $3,176,000 |
$176,000 | $2,000,000 |
$35,000 | $100,000 |
| Application Withdrawn By Applicant |
6 | $572,000 |
$95,000 | $208,000 |
$62,000 | $93,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
195 | $30,641,000 |
$157,000 | $2,000,000 |
$111,000 | $2,000,000 |
| 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 |
1 | $57,000 |
$57,000 | $57,000 |
$39,000 | $39,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $467,000 |
$58,000 | $231,000 |
$38,000 | $100,000 |
| Debt-To-Income Ratio |
2 | $460,000 |
$230,000 | $340,000 |
$42,000 | $65,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNION STATE BANK by:
Metropolitan Area And
County
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