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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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VALLEY BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY BANK |
| Address | 36 W CHURCH AVE
ROANOKE, VA 24011 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 94 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,351,000 |
| Average Mortgage Loan Amount Applied For | $137,125 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $89,250 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
20 | $1,769,000 |
$88,000 | $460,000 |
$98,000 | $294,000 |
| Home Purchase |
32 | $11,220,000 |
$350,000 | $1,000,000 |
$166,000 | $512,000 |
| Refinancing |
42 | $3,362,000 |
$80,000 | $320,000 |
$83,000 | $700,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $1,101,000 |
$275,000 | $435,000 |
$124,000 | $294,000 |
| Black or African American |
3 | $184,000 |
$61,000 | $90,000 |
$68,000 | $75,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $2,182,000 |
$242,000 | $700,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
78 | $12,884,000 |
$165,000 | $1,000,000 |
$129,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
94 | $16,351,000 |
$173,000 | $1,000,000 |
$115,000 | $700,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $538,000 |
$107,000 | $179,000 |
$48,000 | $61,000 |
| Application Withdrawn By Applicant |
2 | $565,000 |
$282,000 | $320,000 |
$102,000 | $156,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
87 | $15,248,000 |
$175,000 | $1,000,000 |
$119,000 | $700,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
2 | $174,000 |
$87,000 | $149,000 |
$43,000 | $54,000 |
| Employment History |
1 | $179,000 |
$179,000 | $179,000 |
$61,000 | $61,000 |
| 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 VALLEY BANK by:
Metropolitan Area And
County
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