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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 & TRUST WASHTENAW
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED BANK & TRUST WASHTENAW |
| Address | 2723 SOUTH STATE ST
ANN ARBOR, MI 48106 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 108 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,817,000 |
| Average Mortgage Loan Amount Applied For | $45,714 |
| Highest Mortgage Loan Amount Applied For | $1,308,000 |
| Average Applicant Income | $77,857 |
| Highest Applicant Income | $250,000 |
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| Home Improvement |
25 | $1,170,000 |
$46,000 | $250,000 |
$87,000 | $250,000 |
| Home Purchase |
16 | $1,581,000 |
$98,000 | $488,000 |
$65,000 | $171,000 |
| Refinancing |
67 | $6,066,000 |
$90,000 | $1,308,000 |
$85,000 | $242,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$81,000 | $81,000 |
| 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 |
6 | $2,213,000 |
$368,000 | $1,308,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
101 | $6,554,000 |
$64,000 | $600,000 |
$87,000 | $250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
108 | $8,817,000 |
$81,000 | $1,308,000 |
$82,000 | $250,000 |
| 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 | $150,000 |
$75,000 | $100,000 |
$112,000 | $144,000 |
| Application Denied By Financial Institution |
10 | $325,000 |
$32,000 | $60,000 |
$78,000 | $139,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $25,000 |
$25,000 | $25,000 |
$96,000 | $96,000 |
| Loan Originated |
95 | $8,317,000 |
$87,000 | $1,308,000 |
$82,000 | $250,000 |
| 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 | $78,000 |
$26,000 | $56,000 |
$61,000 | $85,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $161,000 |
$40,000 | $60,000 |
$73,000 | $117,000 |
| Debt-To-Income Ratio |
2 | $76,000 |
$38,000 | $43,000 |
$83,000 | $98,000 |
| 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 |
1 | $10,000 |
$10,000 | $10,000 |
$139,000 | $139,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED BANK & TRUST WASHTENAW by:
Metropolitan Area And
County
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