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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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UNITY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITY BANK |
| Address | 64 OLD HIGHWAY #22
CLINTON, NJ 08809 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 201 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,486,000 |
| Average Mortgage Loan Amount Applied For | $107,052 |
| Highest Mortgage Loan Amount Applied For | $828,000 |
| Average Applicant Income | $114,894 |
| Highest Applicant Income | $617,000 |
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| Home Improvement |
59 | $3,939,000 |
$66,000 | $400,000 |
$100,000 | $390,000 |
| Home Purchase |
21 | $4,510,000 |
$214,000 | $600,000 |
$90,000 | $296,000 |
| Refinancing |
121 | $15,037,000 |
$124,000 | $828,000 |
$116,000 | $617,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
14 | $2,880,000 |
$205,000 | $512,000 |
$93,000 | $162,000 |
| Black or African American |
4 | $763,000 |
$190,000 | $450,000 |
$92,000 | $108,000 |
| Hispanic |
17 | $1,933,000 |
$113,000 | $380,000 |
$64,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $292,000 |
$97,000 | $186,000 |
$16,000 | $48,000 |
| White |
163 | $17,618,000 |
$108,000 | $828,000 |
$117,000 | $617,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
201 | $23,486,000 |
$116,000 | $828,000 |
$108,000 | $617,000 |
| 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 |
15 | $1,822,000 |
$121,000 | $400,000 |
$90,000 | $150,000 |
| Application Denied By Financial Institution |
35 | $3,038,000 |
$86,000 | $300,000 |
$80,000 | $245,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
4 | $227,000 |
$56,000 | $150,000 |
$119,000 | $169,000 |
| Loan Originated |
147 | $18,399,000 |
$125,000 | $828,000 |
$117,000 | $617,000 |
| 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 | $285,000 |
$95,000 | $125,000 |
$128,000 | $197,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $65,000 |
$21,000 | $25,000 |
$68,000 | $78,000 |
| Debt-To-Income Ratio |
12 | $976,000 |
$81,000 | $175,000 |
$77,000 | $158,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $1,067,000 |
$88,000 | $200,000 |
$64,000 | $111,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $300,000 |
$300,000 | $300,000 |
$245,000 | $245,000 |
| Unverifiable Information |
1 | $255,000 |
$255,000 | $255,000 |
$65,000 | $65,000 |
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Mortgage Loan App Totals for UNITY BANK by:
Metropolitan Area And
County
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