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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 RIDGE MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY RIDGE MORTGAGE COMPANY |
| Address | 450 W MUSKEGON ST PO BOX 248
KENT CITY, MI 49330 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 106 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,572,000 |
| Average Mortgage Loan Amount Applied For | $107,300 |
| Highest Mortgage Loan Amount Applied For | $332,000 |
| Average Applicant Income | $47,400 |
| Highest Applicant Income | $191,000 |
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| Home Improvement |
3 | $163,000 |
$54,000 | $60,000 |
$23,000 | $25,000 |
| Home Purchase |
57 | $6,581,000 |
$115,000 | $332,000 |
$56,000 | $191,000 |
| Refinancing |
46 | $4,828,000 |
$104,000 | $300,000 |
$59,000 | $174,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
3 | $249,000 |
$83,000 | $120,000 |
$45,000 | $51,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $50,000 |
$50,000 | $50,000 |
$45,000 | $45,000 |
| White |
102 | $11,273,000 |
$110,000 | $332,000 |
$57,000 | $191,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
106 | $11,572,000 |
$109,000 | $332,000 |
$57,000 | $191,000 |
| 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 |
10 | $1,064,000 |
$106,000 | $184,000 |
$45,000 | $111,000 |
| Application Denied By Financial Institution |
19 | $1,797,000 |
$94,000 | $198,000 |
$44,000 | $81,000 |
| Application Withdrawn By Applicant |
1 | $300,000 |
$300,000 | $300,000 |
$174,000 | $174,000 |
| File Closed For Incompleteness |
2 | $147,000 |
$73,000 | $91,000 |
$46,000 | $93,000 |
| Loan Originated |
74 | $8,264,000 |
$111,000 | $332,000 |
$60,000 | $191,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VALLEY RIDGE MORTGAGE COMPANY by:
Metropolitan Area And
County
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