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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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ADVANCE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADVANCE MORTGAGE CORPORATION |
| Address | 11935 RILEY #210
OVERLAND PARK, KS 66213 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,659 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $226,325,000 |
| Average Mortgage Loan Amount Applied For | $143,409 |
| Highest Mortgage Loan Amount Applied For | $3,200,000 |
| Average Applicant Income | $87,010 |
| Highest Applicant Income | $1,619,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
709 | $88,333,000 |
$124,000 | $788,000 |
$68,000 | $465,000 |
| Refinancing |
951 | $138,110,000 |
$145,000 | $3,200,000 |
$95,000 | $1,619,000 |
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| American Indian or Alaskan Native |
4 | $471,000 |
$117,000 | $174,000 |
$64,000 | $83,000 |
| Asian |
25 | $2,999,000 |
$119,000 | $400,000 |
$64,000 | $120,000 |
| Black or African American |
59 | $7,439,000 |
$126,000 | $385,000 |
$59,000 | $260,000 |
| Hispanic |
60 | $7,768,000 |
$129,000 | $494,000 |
$71,000 | $226,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $1,314,000 |
$146,000 | $225,000 |
$128,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
115 | $16,392,000 |
$142,000 | $459,000 |
$81,000 | $300,000 |
| White |
1,388 | $190,060,000 |
$136,000 | $3,200,000 |
$85,000 | $1,619,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,249 | $175,618,000 |
$140,000 | $3,200,000 |
$94,000 | $1,619,000 |
| FHA-insured (Federal Housing Administration) |
394 | $48,301,000 |
$122,000 | $250,000 |
$50,000 | $460,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $285,000 |
$142,000 | $150,000 |
$58,000 | $60,000 |
| VA-guaranteed (Veterans Administration) |
15 | $2,239,000 |
$149,000 | $276,000 |
$55,000 | $108,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
25 | $3,725,000 |
$149,000 | $378,000 |
$111,000 | $420,000 |
| Application Withdrawn By Applicant |
262 | $42,465,000 |
$162,000 | $3,200,000 |
$88,000 | $780,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,373 | $180,253,000 |
$131,000 | $1,000,000 |
$82,000 | $1,619,000 |
| 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 |
9 | $1,385,000 |
$153,000 | $370,000 |
$147,000 | $420,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $914,000 |
$130,000 | $344,000 |
$90,000 | $214,000 |
| Debt-To-Income Ratio |
2 | $368,000 |
$184,000 | $300,000 |
$153,000 | $252,000 |
| Employment History |
2 | $209,000 |
$104,000 | $153,000 |
$66,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $47,000 |
$47,000 | $47,000 |
$126,000 | $126,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $802,000 |
$200,000 | $378,000 |
$64,000 | $185,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ADVANCE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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