|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
VIRGINIA BANK AND TRUST
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
VIRGINIA BANK AND TRUST |
| Address | 336 MAIN STREET
DANVILLE, VA 24541 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 97 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,043,000 |
| Average Mortgage Loan Amount Applied For | $60,500 |
| Highest Mortgage Loan Amount Applied For | $880,000 |
| Average Applicant Income | $55,500 |
| Highest Applicant Income | $235,000 |
|
|
|
| Home Improvement |
18 | $484,000 |
$26,000 | $93,000 |
$60,000 | $162,000 |
| Home Purchase |
47 | $3,764,000 |
$80,000 | $880,000 |
$71,000 | $235,000 |
| Refinancing |
41 | $2,637,000 |
$64,000 | $300,000 |
$39,000 | $118,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $59,000 |
$59,000 | $59,000 |
$50,000 | $50,000 |
| Black or African American |
22 | $1,161,000 |
$52,000 | $140,000 |
$44,000 | $132,000 |
| Hispanic |
1 | $18,000 |
$18,000 | $18,000 |
$53,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $195,000 |
$65,000 | $171,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
79 | $5,452,000 |
$69,000 | $880,000 |
$62,000 | $235,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
106 | $6,885,000 |
$64,000 | $880,000 |
$57,000 | $235,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
8 | $410,000 |
$51,000 | $100,000 |
$65,000 | $132,000 |
| Application Denied By Financial Institution |
22 | $983,000 |
$44,000 | $136,000 |
$35,000 | $72,000 |
| Application Withdrawn By Applicant |
4 | $290,000 |
$72,000 | $140,000 |
$26,000 | $46,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
72 | $5,202,000 |
$72,000 | $880,000 |
$64,000 | $235,000 |
| 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 |
|
|
| Collateral |
2 | $148,000 |
$74,000 | $76,000 |
$56,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $478,000 |
$43,000 | $101,000 |
$32,000 | $53,000 |
| Debt-To-Income Ratio |
8 | $325,000 |
$40,000 | $136,000 |
$36,000 | $72,000 |
| 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 |
|
Mortgage Loan App Totals for VIRGINIA BANK AND TRUST by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
