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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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ADVANCED FINANCIAL SERVICES IN
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADVANCED FINANCIAL SERVICES IN |
| Address | 25 ENTERPRISE CENTER
NEWPORT, RI 02842 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 133,854 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,645,638,000 |
| Average Mortgage Loan Amount Applied For | $77,081 |
| Highest Mortgage Loan Amount Applied For | $99,999,000 |
| Average Applicant Income | $51,918 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
498 | $24,543,000 |
$49,000 | $649,000 |
$39,000 | $720,000 |
| Home Purchase |
3,366 | $384,726,000 |
$114,000 | $1,999,000 |
$53,000 | $1,440,000 |
| Refinancing |
129,990 | $13,236,369,000 |
$101,000 | $99,999,000 |
$58,000 | $9,999,000 |
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| American Indian or Alaskan Native |
675 | $86,541,000 |
$128,000 | $2,000,000 |
$62,000 | $1,200,000 |
| Asian |
1,770 | $300,464,000 |
$169,000 | $2,000,000 |
$75,000 | $9,999,000 |
| Black or African American |
17,970 | $1,616,996,000 |
$89,000 | $5,555,000 |
$51,000 | $1,715,000 |
| Hispanic |
7,556 | $994,527,000 |
$131,000 | $6,232,000 |
$54,000 | $2,400,000 |
| Native Hawaiin or Other Pacific Islander |
289 | $45,486,000 |
$157,000 | $980,000 |
$70,000 | $1,680,000 |
| Not applicable |
26 | $4,236,000 |
$162,000 | $917,000 |
$65,000 | $420,000 |
| Not Provided |
19,365 | $1,949,647,000 |
$100,000 | $5,000,000 |
$50,000 | $9,999,000 |
| White |
86,203 | $8,647,741,000 |
$100,000 | $99,999,000 |
$60,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
133,854 | $13,645,638,000 |
$101,000 | $99,999,000 |
$58,000 | $9,999,000 |
| 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) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
232 | $21,166,000 |
$91,000 | $550,000 |
$49,000 | $864,000 |
| Application Denied By Financial Institution |
60,834 | $5,535,918,000 |
$91,000 | $24,187,000 |
$49,000 | $9,999,000 |
| Application Withdrawn By Applicant |
59,846 | $6,859,294,000 |
$114,000 | $99,999,000 |
$65,000 | $9,999,000 |
| File Closed For Incompleteness |
1,049 | $101,367,000 |
$96,000 | $1,020,000 |
$55,000 | $600,000 |
| Loan Originated |
11,893 | $1,127,893,000 |
$94,000 | $1,750,000 |
$62,000 | $1,090,000 |
| 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 |
7 | $105,000 |
$15,000 | $15,000 |
$47,000 | $138,000 |
| Credit Application Incomplete |
1 | $15,000 |
$15,000 | $15,000 |
$0 | $0 |
| Credit History |
21 | $2,328,000 |
$110,000 | $800,000 |
$22,000 | $111,000 |
| Debt-To-Income Ratio |
3 | $591,000 |
$197,000 | $225,000 |
$7,000 | $23,000 |
| 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 |
1 | $15,000 |
$15,000 | $15,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ADVANCED FINANCIAL SERVICES IN by:
Metropolitan Area And
County
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