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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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VIRGINIA COMMERCE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VIRGINIA COMMERCE BANK |
| Address | 14201 SULLYFIELD CIRCLE SUITE 400
CHANTILLY, VA 20151 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 272 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $98,225,000 |
| Average Mortgage Loan Amount Applied For | $270,400 |
| Highest Mortgage Loan Amount Applied For | $18,250,000 |
| Average Applicant Income | $122,828 |
| Highest Applicant Income | $1,795,000 |
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| Home Improvement |
49 | $9,025,000 |
$184,000 | $2,500,000 |
$118,000 | $583,000 |
| Home Purchase |
128 | $43,907,000 |
$343,000 | $8,615,000 |
$144,000 | $695,000 |
| Refinancing |
95 | $45,293,000 |
$476,000 | $18,250,000 |
$166,000 | $1,795,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
15 | $2,765,000 |
$184,000 | $546,000 |
$110,000 | $240,000 |
| Black or African American |
17 | $5,765,000 |
$339,000 | $1,936,000 |
$93,000 | $425,000 |
| Hispanic |
17 | $4,406,000 |
$259,000 | $590,000 |
$89,000 | $333,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $38,986,000 |
$2,051,000 | $18,250,000 |
$0 | $0 |
| Not Provided |
2 | $1,842,000 |
$921,000 | $932,000 |
$974,000 | $1,795,000 |
| White |
202 | $44,461,000 |
$220,000 | $2,400,000 |
$165,000 | $695,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
270 | $97,639,000 |
$361,000 | $18,250,000 |
$148,000 | $1,795,000 |
| FHA-insured (Federal Housing Administration) |
1 | $203,000 |
$203,000 | $203,000 |
$44,000 | $44,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $383,000 |
$383,000 | $383,000 |
$101,000 | $101,000 |
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| Application Approved But Not Accepted |
12 | $3,269,000 |
$272,000 | $420,000 |
$156,000 | $420,000 |
| Application Denied By Financial Institution |
14 | $2,920,000 |
$208,000 | $1,250,000 |
$77,000 | $299,000 |
| Application Withdrawn By Applicant |
6 | $541,000 |
$90,000 | $270,000 |
$93,000 | $220,000 |
| File Closed For Incompleteness |
1 | $140,000 |
$140,000 | $140,000 |
$90,000 | $90,000 |
| Loan Originated |
239 | $91,355,000 |
$382,000 | $18,250,000 |
$152,000 | $1,795,000 |
| 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 |
4 | $250,000 |
$62,000 | $165,000 |
$90,000 | $213,000 |
| Debt-To-Income Ratio |
6 | $740,000 |
$123,000 | $355,000 |
$47,000 | $92,000 |
| Employment History |
1 | $153,000 |
$153,000 | $153,000 |
$40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $90,000 |
$90,000 | $90,000 |
$107,000 | $107,000 |
| Unverifiable Information |
2 | $1,687,000 |
$843,000 | $1,250,000 |
$149,000 | $299,000 |
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Mortgage Loan App Totals for VIRGINIA COMMERCE BANK by:
Metropolitan Area And
County
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