|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
1ST CHOICE MORTGAGE EQUITY COR
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
1ST CHOICE MORTGAGE EQUITY COR |
| Address | 1021 BRIARGATE CIRCLE
COLUMBIA, SC 29210 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,989 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $572,358,000 |
| Average Mortgage Loan Amount Applied For | $125,946 |
| Highest Mortgage Loan Amount Applied For | $1,220,000 |
| Average Applicant Income | $67,879 |
| Highest Applicant Income | $1,488,000 |
|
|
|
| Home Improvement |
17 | $1,976,000 |
$116,000 | $365,000 |
$63,000 | $218,000 |
| Home Purchase |
7,000 | $742,366,000 |
$106,000 | $1,350,000 |
$46,000 | $1,488,000 |
| Refinancing |
2,260 | $276,217,000 |
$122,000 | $1,220,000 |
$64,000 | $1,200,000 |
|
|
| American Indian or Alaskan Native |
9 | $994,000 |
$110,000 | $300,000 |
$63,000 | $240,000 |
| Asian |
102 | $12,542,000 |
$122,000 | $520,000 |
$60,000 | $360,000 |
| Black or African American |
3,142 | $309,122,000 |
$98,000 | $1,200,000 |
$38,000 | $964,000 |
| Hispanic |
274 | $29,300,000 |
$106,000 | $320,000 |
$42,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $991,000 |
$165,000 | $225,000 |
$205,000 | $644,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
5,744 | $667,610,000 |
$116,000 | $1,350,000 |
$57,000 | $1,488,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,637 | $948,181,000 |
$109,000 | $1,350,000 |
$51,000 | $1,488,000 |
| FHA-insured (Federal Housing Administration) |
398 | $41,765,000 |
$104,000 | $221,000 |
$43,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
97 | $9,767,000 |
$100,000 | $255,000 |
$37,000 | $94,000 |
| VA-guaranteed (Veterans Administration) |
145 | $20,846,000 |
$143,000 | $325,000 |
$53,000 | $231,000 |
|
|
| Application Approved But Not Accepted |
155 | $21,389,000 |
$137,000 | $790,000 |
$71,000 | $361,000 |
| Application Denied By Financial Institution |
1,965 | $202,926,000 |
$103,000 | $1,220,000 |
$48,000 | $848,000 |
| Application Withdrawn By Applicant |
1,437 | $167,465,000 |
$116,000 | $784,000 |
$59,000 | $1,488,000 |
| File Closed For Incompleteness |
1,209 | $143,374,000 |
$118,000 | $1,350,000 |
$52,000 | $1,200,000 |
| Loan Originated |
1,344 | $161,603,000 |
$120,000 | $755,000 |
$71,000 | $660,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
403 | $48,961,000 |
$121,000 | $495,000 |
$52,000 | $251,000 |
| Preapproval Denied by Financial Institution |
2,764 | $274,841,000 |
$99,000 | $572,000 |
$34,000 | $644,000 |
|
|
| Collateral |
219 | $21,284,000 |
$97,000 | $495,000 |
$61,000 | $600,000 |
| Credit Application Incomplete |
409 | $54,173,000 |
$132,000 | $1,200,000 |
$63,000 | $744,000 |
| Credit History |
2,868 | $267,991,000 |
$93,000 | $518,000 |
$34,000 | $780,000 |
| Debt-To-Income Ratio |
428 | $44,424,000 |
$103,000 | $399,000 |
$34,000 | $300,000 |
| Employment History |
52 | $5,105,000 |
$98,000 | $218,000 |
$33,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
55 | $5,447,000 |
$99,000 | $250,000 |
$46,000 | $174,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
218 | $26,026,000 |
$119,000 | $1,220,000 |
$63,000 | $848,000 |
| Unverifiable Information |
63 | $8,163,000 |
$129,000 | $550,000 |
$54,000 | $240,000 |
|
Mortgage Loan App Totals for 1ST CHOICE MORTGAGE EQUITY COR by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
