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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 INDEPENDENT BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY INDEPENDENT BANK |
| Address | 2415 LA BRUCHERIE ROAD
IMPERIAL, CA 92251 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 434 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $47,654,000 |
| Average Mortgage Loan Amount Applied For | $238,600 |
| Highest Mortgage Loan Amount Applied For | $7,175,000 |
| Average Applicant Income | $93,700 |
| Highest Applicant Income | $484,000 |
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| Home Improvement |
247 | $15,547,000 |
$62,000 | $350,000 |
$71,000 | $393,000 |
| Home Purchase |
65 | $13,347,000 |
$197,000 | $1,800,000 |
$97,500 | $648,000 |
| Refinancing |
143 | $22,454,000 |
$157,000 | $7,175,000 |
$66,000 | $361,000 |
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| American Indian or Alaskan Native |
11 | $983,000 |
$89,000 | $380,000 |
$84,000 | $188,000 |
| Asian |
6 | $882,000 |
$147,000 | $258,000 |
$82,000 | $144,000 |
| Black or African American |
5 | $299,000 |
$59,000 | $115,000 |
$55,000 | $94,000 |
| Hispanic |
215 | $14,601,000 |
$48,000 | $285,000 |
$45,500 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $140,000 |
$70,000 | $88,000 |
$71,000 | $84,000 |
| Not applicable |
5 | $8,140,000 |
$1,628,000 | $7,175,000 |
$0 | $0 |
| Not Provided |
21 | $3,013,000 |
$149,500 | $280,000 |
$57,500 | $123,000 |
| White |
190 | $23,290,000 |
$168,000 | $1,800,000 |
$133,500 | $648,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
455 | $51,348,000 |
$142,000 | $7,175,000 |
$90,500 | $648,000 |
| 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 |
9 | $1,092,000 |
$121,000 | $224,000 |
$106,000 | $295,000 |
| Application Denied By Financial Institution |
181 | $16,021,000 |
$62,000 | $1,000,000 |
$54,500 | $484,000 |
| Application Withdrawn By Applicant |
20 | $1,604,000 |
$80,000 | $285,000 |
$76,000 | $163,000 |
| File Closed For Incompleteness |
2 | $95,000 |
$47,000 | $85,000 |
$39,000 | $55,000 |
| Loan Originated |
226 | $28,984,000 |
$128,000 | $7,175,000 |
$73,000 | $393,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $1,377,000 |
$229,000 | $334,000 |
$73,000 | $142,000 |
| Preapproval Denied by Financial Institution |
11 | $2,175,000 |
$197,000 | $528,000 |
$167,000 | $648,000 |
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| Collateral |
17 | $1,415,000 |
$83,000 | $191,000 |
$84,000 | $180,000 |
| Credit Application Incomplete |
1 | $50,000 |
$50,000 | $50,000 |
$56,000 | $56,000 |
| Credit History |
80 | $7,436,000 |
$122,500 | $528,000 |
$81,000 | $648,000 |
| Debt-To-Income Ratio |
88 | $8,246,000 |
$123,000 | $1,000,000 |
$63,500 | $484,000 |
| Employment History |
2 | $95,000 |
$47,000 | $81,000 |
$31,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $331,000 |
$165,500 | $243,000 |
$236,000 | $400,000 |
| Unverifiable Information |
1 | $70,000 |
$70,000 | $70,000 |
$173,000 | $173,000 |
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Mortgage Loan App Totals for VALLEY INDEPENDENT BANK by:
Metropolitan Area And
County
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