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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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VICTORIA STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VICTORIA STATE BANK |
| Address | 1630 ARBORETUM BLVD PO BOX 35
VICTORIA, MN 55386-0035 |
| Agency | Federal Reserve System (FRS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 40 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,322,000 |
| Average Mortgage Loan Amount Applied For | $175,800 |
| Highest Mortgage Loan Amount Applied For | $998,000 |
| Average Applicant Income | $96,133 |
| Highest Applicant Income | $345,000 |
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| Home Improvement |
5 | $687,000 |
$137,000 | $300,000 |
$44,000 | $69,000 |
| Home Purchase |
19 | $4,746,000 |
$164,333 | $998,000 |
$109,666 | $345,000 |
| Refinancing |
16 | $2,889,000 |
$194,000 | $330,000 |
$57,000 | $337,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
8 | $1,551,000 |
$193,000 | $300,000 |
$0 | $0 |
| Not Provided |
2 | $213,000 |
$106,500 | $210,000 |
$28,000 | $32,000 |
| White |
30 | $6,558,000 |
$151,333 | $998,000 |
$110,000 | $345,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
40 | $8,322,000 |
$165,666 | $998,000 |
$92,666 | $345,000 |
| 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 |
1 | $165,000 |
$165,000 | $165,000 |
$72,000 | $72,000 |
| Application Denied By Financial Institution |
3 | $578,000 |
$192,000 | $320,000 |
$56,000 | $144,000 |
| Application Withdrawn By Applicant |
2 | $385,000 |
$192,000 | $210,000 |
$70,000 | $72,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
32 | $7,148,000 |
$171,666 | $998,000 |
$95,666 | $345,000 |
| Loan Purchased By The Institution |
2 | $46,000 |
$23,000 | $31,000 |
$61,000 | $69,000 |
| 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 |
$24,000 | $24,000 |
| 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 VICTORIA STATE BANK by:
Metropolitan Area And
County
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