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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 SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VIRGINIA SAVINGS BANK |
| Address | 600 N. COMMERCE AVE
FRONT ROYAL, VA 22630 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 105 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,494,000 |
| Average Mortgage Loan Amount Applied For | $165,375 |
| Highest Mortgage Loan Amount Applied For | $1,938,000 |
| Average Applicant Income | $104,375 |
| Highest Applicant Income | $1,190,000 |
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| Home Improvement |
17 | $1,071,000 |
$63,000 | $214,000 |
$68,000 | $128,000 |
| Home Purchase |
40 | $8,233,000 |
$205,000 | $517,000 |
$85,000 | $260,000 |
| Refinancing |
48 | $8,190,000 |
$170,000 | $1,938,000 |
$122,000 | $1,190,000 |
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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 |
1 | $325,000 |
$325,000 | $325,000 |
$154,000 | $154,000 |
| Not applicable |
6 | $2,885,000 |
$480,000 | $1,938,000 |
$0 | $0 |
| Not Provided |
4 | $880,000 |
$220,000 | $304,000 |
$318,000 | $1,190,000 |
| White |
94 | $13,404,000 |
$142,000 | $517,000 |
$95,000 | $413,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
105 | $17,494,000 |
$166,000 | $1,938,000 |
$99,000 | $1,190,000 |
| 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 |
4 | $827,000 |
$206,000 | $283,000 |
$82,000 | $106,000 |
| Application Denied By Financial Institution |
7 | $1,544,000 |
$220,000 | $517,000 |
$83,000 | $266,000 |
| Application Withdrawn By Applicant |
2 | $405,000 |
$202,000 | $330,000 |
$84,000 | $149,000 |
| File Closed For Incompleteness |
1 | $227,000 |
$227,000 | $227,000 |
$0 | $0 |
| Loan Originated |
91 | $14,491,000 |
$159,000 | $1,938,000 |
$102,000 | $1,190,000 |
| 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 |
1 | $190,000 |
$190,000 | $190,000 |
$266,000 | $266,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $166,000 |
$166,000 | $166,000 |
$68,000 | $68,000 |
| Debt-To-Income Ratio |
4 | $998,000 |
$249,000 | $517,000 |
$43,000 | $70,000 |
| 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 |
1 | $190,000 |
$190,000 | $190,000 |
$76,000 | $76,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VIRGINIA SAVINGS BANK by:
Metropolitan Area And
County
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