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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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VERMILLION STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERMILLION STATE BANK |
| Address | 107 E MAIN STREET
VERMILLION, MN 55085 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,508,000 |
| Average Mortgage Loan Amount Applied For | $50,300 |
| Highest Mortgage Loan Amount Applied For | $452,000 |
| Average Applicant Income | $72,400 |
| Highest Applicant Income | $672,000 |
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| Home Improvement |
30 | $862,000 |
$28,000 | $110,000 |
$88,000 | $280,000 |
| Home Purchase |
16 | $2,089,000 |
$130,000 | $452,000 |
$121,000 | $672,000 |
| Refinancing |
35 | $1,557,000 |
$44,000 | $170,000 |
$72,000 | $150,000 |
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| American Indian or Alaskan Native |
1 | $50,000 |
$50,000 | $50,000 |
$280,000 | $280,000 |
| Asian |
1 | $279,000 |
$279,000 | $279,000 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $83,000 |
$83,000 | $83,000 |
$35,000 | $35,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $424,000 |
$141,000 | $215,000 |
$224,000 | $672,000 |
| Not Provided |
2 | $475,000 |
$237,000 | $452,000 |
$263,000 | $500,000 |
| White |
73 | $3,197,000 |
$43,000 | $187,000 |
$77,000 | $275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
81 | $4,508,000 |
$55,000 | $452,000 |
$88,000 | $672,000 |
| 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 |
1 | $3,000 |
$3,000 | $3,000 |
$25,000 | $25,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
80 | $4,505,000 |
$56,000 | $452,000 |
$88,000 | $672,000 |
| 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 |
1 | $3,000 |
$3,000 | $3,000 |
$25,000 | $25,000 |
| 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 VERMILLION STATE BANK by:
Metropolitan Area And
County
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