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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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1ST GEORGIA MORTGAGE FUNDING I
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST GEORGIA MORTGAGE FUNDING I |
| Address | 1224 CANTON STREET
ROSWELL, GA 30075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 416 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,489,000 |
| Average Mortgage Loan Amount Applied For | $123,318 |
| Highest Mortgage Loan Amount Applied For | $560,000 |
| Average Applicant Income | $82,454 |
| Highest Applicant Income | $408,000 |
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| Home Improvement |
1 | $45,000 |
$45,000 | $45,000 |
$54,000 | $54,000 |
| Home Purchase |
292 | $37,780,000 |
$126,000 | $560,000 |
$89,333 | $408,000 |
| Refinancing |
160 | $20,618,000 |
$144,000 | $360,000 |
$68,000 | $185,000 |
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| American Indian or Alaskan Native |
1 | $124,000 |
$124,000 | $124,000 |
$31,000 | $31,000 |
| Asian |
6 | $1,363,000 |
$227,000 | $299,000 |
$120,000 | $180,000 |
| Black or African American |
226 | $26,836,000 |
$124,333 | $536,000 |
$51,000 | $228,000 |
| Hispanic |
10 | $1,061,000 |
$106,000 | $228,000 |
$36,000 | $83,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
43 | $5,344,000 |
$120,666 | $560,000 |
$69,666 | $228,000 |
| White |
167 | $23,715,000 |
$137,000 | $551,000 |
$85,333 | $408,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
406 | $52,512,000 |
$128,000 | $560,000 |
$86,333 | $408,000 |
| FHA-insured (Federal Housing Administration) |
47 | $5,931,000 |
$127,000 | $206,000 |
$36,666 | $114,000 |
| 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 |
10 | $1,392,000 |
$139,000 | $293,000 |
$64,000 | $122,000 |
| Application Denied By Financial Institution |
62 | $7,853,000 |
$96,000 | $452,000 |
$41,666 | $208,000 |
| Application Withdrawn By Applicant |
52 | $7,378,000 |
$182,333 | $390,000 |
$62,333 | $257,000 |
| File Closed For Incompleteness |
1 | $239,000 |
$239,000 | $239,000 |
$82,000 | $82,000 |
| Loan Originated |
328 | $41,581,000 |
$130,666 | $560,000 |
$72,333 | $408,000 |
| 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 |
8 | $1,099,000 |
$137,000 | $220,000 |
$43,000 | $76,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
29 | $3,603,000 |
$95,666 | $452,000 |
$42,333 | $208,000 |
| Debt-To-Income Ratio |
5 | $814,000 |
$158,000 | $269,000 |
$60,000 | $204,000 |
| Employment History |
1 | $260,000 |
$260,000 | $260,000 |
$110,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $860,000 |
$86,000 | $152,000 |
$62,000 | $157,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $395,000 |
$131,000 | $187,000 |
$65,000 | $92,000 |
| Unverifiable Information |
6 | $822,000 |
$137,000 | $285,000 |
$61,000 | $75,000 |
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Mortgage Loan App Totals for 1ST GEORGIA MORTGAGE FUNDING I by:
Metropolitan Area And
County
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