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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 INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK INC |
| Address | 1200 GROSSCUP AVE.
DUNBAR, WV 25064 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,151 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $274,283,000 |
| Average Mortgage Loan Amount Applied For | $88,219 |
| Highest Mortgage Loan Amount Applied For | $7,700,000 |
| Average Applicant Income | $109,382 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
1,293 | $23,029,000 |
$17,000 | $494,000 |
$53,000 | $1,068,000 |
| Home Purchase |
943 | $134,561,000 |
$142,000 | $6,500,000 |
$110,000 | $7,300,000 |
| Refinancing |
915 | $116,693,000 |
$127,000 | $7,700,000 |
$102,000 | $9,999,000 |
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| American Indian or Alaskan Native |
4 | $91,000 |
$22,000 | $39,000 |
$31,000 | $44,000 |
| Asian |
17 | $2,255,000 |
$132,000 | $460,000 |
$139,000 | $305,000 |
| Black or African American |
71 | $1,825,000 |
$25,000 | $193,000 |
$48,000 | $166,000 |
| Hispanic |
13 | $1,654,000 |
$127,000 | $685,000 |
$93,000 | $204,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $30,000 |
$30,000 | $30,000 |
$360,000 | $360,000 |
| Not applicable |
76 | $28,815,000 |
$379,000 | $7,700,000 |
$23,000 | $469,000 |
| Not Provided |
17 | $932,000 |
$54,000 | $268,000 |
$58,000 | $176,000 |
| White |
2,952 | $238,681,000 |
$80,000 | $3,530,000 |
$86,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,520 | $268,215,000 |
$106,000 | $7,700,000 |
$95,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
631 | $6,068,000 |
$9,000 | $28,000 |
$41,000 | $168,000 |
| 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 |
82 | $729,000 |
$8,000 | $30,000 |
$39,000 | $100,000 |
| Application Denied By Financial Institution |
506 | $10,677,000 |
$21,000 | $363,000 |
$39,000 | $191,000 |
| Application Withdrawn By Applicant |
188 | $13,234,000 |
$70,000 | $606,000 |
$68,000 | $955,000 |
| File Closed For Incompleteness |
1 | $35,000 |
$35,000 | $35,000 |
$50,000 | $50,000 |
| Loan Originated |
2,374 | $249,608,000 |
$105,000 | $7,700,000 |
$97,000 | $9,999,000 |
| 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 |
12 | $1,069,000 |
$89,000 | $363,000 |
$63,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
369 | $6,864,000 |
$18,000 | $184,000 |
$39,000 | $191,000 |
| Debt-To-Income Ratio |
103 | $1,944,000 |
$18,000 | $125,000 |
$34,000 | $111,000 |
| Employment History |
2 | $119,000 |
$59,000 | $110,000 |
$59,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $337,000 |
$112,000 | $235,000 |
$66,000 | $101,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $344,000 |
$20,000 | $108,000 |
$38,000 | $136,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK INC by:
Metropolitan Area And
County
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