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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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ACCESS MORTGAGE & FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACCESS MORTGAGE & FINANCIAL |
| Address | 3040 CHARLEVOIX DR SE
GRAND RAPIDS, MI 49546 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,629 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $213,910,000 |
| Average Mortgage Loan Amount Applied For | $133,468 |
| Highest Mortgage Loan Amount Applied For | $1,509,000 |
| Average Applicant Income | $62,685 |
| Highest Applicant Income | $708,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
464 | $58,780,000 |
$143,500 | $1,509,000 |
$70,750 | $708,000 |
| Refinancing |
1,247 | $167,912,000 |
$143,500 | $730,000 |
$68,166 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
25 | $3,482,000 |
$163,250 | $310,000 |
$93,500 | $275,000 |
| Black or African American |
79 | $9,395,000 |
$137,125 | $361,000 |
$75,625 | $208,000 |
| Hispanic |
53 | $9,415,000 |
$166,000 | $730,000 |
$69,875 | $596,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $216,000 |
$72,000 | $79,000 |
$66,333 | $110,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
153 | $21,276,000 |
$174,818 | $600,000 |
$69,363 | $384,000 |
| White |
1,398 | $182,908,000 |
$139,800 | $1,509,000 |
$70,133 | $708,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,710 | $226,569,000 |
$151,666 | $1,509,000 |
$71,933 | $708,000 |
| 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) |
1 | $123,000 |
$123,000 | $123,000 |
$37,000 | $37,000 |
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| Application Approved But Not Accepted |
3 | $1,033,000 |
$303,000 | $720,000 |
$220,000 | $600,000 |
| Application Denied By Financial Institution |
303 | $39,597,000 |
$134,166 | $730,000 |
$64,500 | $600,000 |
| Application Withdrawn By Applicant |
436 | $59,426,000 |
$156,500 | $1,509,000 |
$74,357 | $708,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
969 | $126,636,000 |
$129,666 | $514,000 |
$65,416 | $287,000 |
| 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 |
36 | $4,346,000 |
$161,333 | $515,000 |
$57,111 | $116,000 |
| Credit Application Incomplete |
5 | $557,000 |
$114,500 | $209,000 |
$49,000 | $110,000 |
| Credit History |
26 | $3,198,000 |
$122,375 | $730,000 |
$93,125 | $596,000 |
| Debt-To-Income Ratio |
39 | $5,391,000 |
$133,600 | $560,000 |
$69,800 | $140,000 |
| Employment History |
9 | $1,230,000 |
$125,000 | $359,000 |
$63,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $218,000 |
$109,000 | $110,000 |
$53,500 | $54,000 |
| Mortgage Insurance Denied |
1 | $129,000 |
$129,000 | $129,000 |
$600,000 | $600,000 |
| Other |
100 | $11,535,000 |
$118,250 | $418,000 |
$66,583 | $600,000 |
| Unverifiable Information |
4 | $743,000 |
$185,000 | $415,000 |
$76,000 | $102,000 |
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Mortgage Loan App Totals for ACCESS MORTGAGE & FINANCIAL by:
Metropolitan Area And
County
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