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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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UNITED BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK |
| Address | PO BOX 8
ATMORE, AL 36504 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 316 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,114,000 |
| Average Mortgage Loan Amount Applied For | $121,428 |
| Highest Mortgage Loan Amount Applied For | $1,760,000 |
| Average Applicant Income | $92,214 |
| Highest Applicant Income | $836,000 |
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| Home Improvement |
88 | $2,887,000 |
$32,000 | $622,000 |
$49,000 | $585,000 |
| Home Purchase |
128 | $9,345,000 |
$73,000 | $803,000 |
$53,000 | $827,000 |
| Refinancing |
102 | $7,992,000 |
$78,000 | $1,760,000 |
$57,000 | $836,000 |
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| American Indian or Alaskan Native |
7 | $267,000 |
$38,000 | $85,000 |
$44,000 | $116,000 |
| Asian |
1 | $21,000 |
$21,000 | $21,000 |
$9,000 | $9,000 |
| Black or African American |
58 | $2,198,000 |
$37,000 | $141,000 |
$26,000 | $103,000 |
| Hispanic |
2 | $63,000 |
$31,000 | $33,000 |
$33,000 | $43,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $39,000 |
$39,000 | $39,000 |
$100,000 | $100,000 |
| Not Provided |
3 | $1,961,000 |
$653,000 | $1,760,000 |
$346,000 | $836,000 |
| White |
246 | $15,675,000 |
$63,000 | $803,000 |
$56,000 | $827,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
318 | $20,224,000 |
$63,000 | $1,760,000 |
$53,000 | $836,000 |
| 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 |
4 | $352,000 |
$88,000 | $105,000 |
$41,000 | $49,000 |
| Application Denied By Financial Institution |
95 | $3,912,000 |
$41,000 | $325,000 |
$28,000 | $159,000 |
| Application Withdrawn By Applicant |
35 | $3,273,000 |
$93,000 | $350,000 |
$57,000 | $400,000 |
| File Closed For Incompleteness |
4 | $471,000 |
$117,000 | $250,000 |
$38,000 | $90,000 |
| Loan Originated |
180 | $12,216,000 |
$67,000 | $1,760,000 |
$66,000 | $836,000 |
| 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 |
3 | $103,000 |
$34,000 | $45,000 |
$31,000 | $46,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
70 | $2,380,000 |
$34,000 | $244,000 |
$27,000 | $159,000 |
| Debt-To-Income Ratio |
14 | $1,109,000 |
$79,000 | $325,000 |
$34,000 | $126,000 |
| Employment History |
4 | $68,000 |
$17,000 | $30,000 |
$10,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $202,000 |
$101,000 | $137,000 |
$36,000 | $64,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $50,000 |
$25,000 | $35,000 |
$23,000 | $25,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK by:
Metropolitan Area And
County
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