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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 LENDING, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ADVANCED LENDING, INC |
| Address | 6400 SW CANYON CT, STE 200
PORTLAND, OR 97221 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 139 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,048,000 |
| Average Mortgage Loan Amount Applied For | $159,826 |
| Highest Mortgage Loan Amount Applied For | $494,000 |
| Average Applicant Income | $81,782 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
125 | $19,610,000 |
$156,000 | $400,000 |
$91,000 | $440,000 |
| Refinancing |
49 | $8,587,000 |
$175,000 | $494,000 |
$85,000 | $480,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $1,035,000 |
$129,000 | $228,000 |
$151,000 | $234,000 |
| Black or African American |
2 | $288,000 |
$144,000 | $256,000 |
$85,000 | $85,000 |
| Hispanic |
13 | $1,797,000 |
$138,000 | $288,000 |
$69,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
17 | $3,065,000 |
$180,000 | $400,000 |
$77,000 | $210,000 |
| White |
134 | $22,012,000 |
$164,000 | $494,000 |
$89,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
174 | $28,197,000 |
$162,000 | $494,000 |
$89,000 | $480,000 |
| 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 |
7 | $924,000 |
$132,000 | $234,000 |
$56,000 | $90,000 |
| Application Denied By Financial Institution |
11 | $1,314,000 |
$119,000 | $191,000 |
$123,000 | $234,000 |
| Application Withdrawn By Applicant |
94 | $13,102,000 |
$139,000 | $400,000 |
$84,000 | $480,000 |
| File Closed For Incompleteness |
9 | $1,422,000 |
$158,000 | $241,000 |
$67,000 | $115,000 |
| Loan Originated |
52 | $11,397,000 |
$219,000 | $494,000 |
$101,000 | $294,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $38,000 |
$38,000 | $38,000 |
$60,000 | $60,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $190,000 |
$190,000 | $190,000 |
$58,000 | $58,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $129,000 |
$64,000 | $112,000 |
$36,000 | $47,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $231,000 |
$115,000 | $173,000 |
$45,000 | $45,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $375,000 |
$125,000 | $170,000 |
$173,000 | $234,000 |
| Unverifiable Information |
3 | $389,000 |
$129,000 | $191,000 |
$204,000 | $234,000 |
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Mortgage Loan App Totals for ADVANCED LENDING, INC by:
Metropolitan Area And
County
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