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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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VISIONBANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
VISIONBANK |
| Address | 3000 25TH ST S
FARGO, ND 58103 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 61 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,980,000 |
| Average Mortgage Loan Amount Applied For | $267,500 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $702,250 |
| Highest Applicant Income | $4,412,000 |
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| Home Improvement |
13 | $673,000 |
$51,000 | $203,000 |
$117,000 | $646,000 |
| Home Purchase |
27 | $4,646,000 |
$172,000 | $650,000 |
$182,000 | $1,114,000 |
| Refinancing |
23 | $2,960,000 |
$128,000 | $1,000,000 |
$295,000 | $4,412,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $144,000 |
$144,000 | $144,000 |
$70,000 | $70,000 |
| 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 |
7 | $614,000 |
$87,000 | $203,000 |
$0 | $0 |
| Not Provided |
1 | $235,000 |
$235,000 | $235,000 |
$210,000 | $210,000 |
| White |
54 | $7,286,000 |
$134,000 | $1,000,000 |
$240,000 | $4,412,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
60 | $7,981,000 |
$133,000 | $1,000,000 |
$218,000 | $4,412,000 |
| FHA-insured (Federal Housing Administration) |
3 | $298,000 |
$99,000 | $164,000 |
$42,000 | $83,000 |
| 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 |
4 | $503,000 |
$125,000 | $347,000 |
$82,000 | $216,000 |
| Application Withdrawn By Applicant |
17 | $2,575,000 |
$151,000 | $275,000 |
$114,000 | $300,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
39 | $4,664,000 |
$119,000 | $1,000,000 |
$274,000 | $4,412,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $382,000 |
$191,000 | $238,000 |
$91,000 | $112,000 |
| Preapproval Denied by Financial Institution |
1 | $155,000 |
$155,000 | $155,000 |
$93,000 | $93,000 |
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| Collateral |
1 | $22,000 |
$22,000 | $22,000 |
$70,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $185,000 |
$92,000 | $155,000 |
$53,000 | $93,000 |
| Debt-To-Income Ratio |
1 | $104,000 |
$104,000 | $104,000 |
$32,000 | $32,000 |
| 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 |
1 | $347,000 |
$347,000 | $347,000 |
$216,000 | $216,000 |
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Mortgage Loan App Totals for VISIONBANK by:
Metropolitan Area And
County
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