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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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ALLEGIANCE MORTGAGE CORPORATIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALLEGIANCE MORTGAGE CORPORATIO |
| Address | 5310 YADKIN ROAD
FAYETTEVILLE, NC 28303 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 264 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $30,398,000 |
| Average Mortgage Loan Amount Applied For | $181,500 |
| Highest Mortgage Loan Amount Applied For | $760,000 |
| Average Applicant Income | $84,166 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
240 | $27,492,000 |
$138,000 | $306,000 |
$48,000 | $101,000 |
| Refinancing |
24 | $2,906,000 |
$121,000 | $760,000 |
$96,000 | $350,000 |
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| American Indian or Alaskan Native |
1 | $145,000 |
$145,000 | $145,000 |
$52,000 | $52,000 |
| Asian |
5 | $540,000 |
$108,000 | $176,000 |
$51,000 | $63,000 |
| Black or African American |
67 | $7,658,000 |
$135,500 | $226,000 |
$48,500 | $97,000 |
| Hispanic |
23 | $2,531,000 |
$110,000 | $172,000 |
$46,000 | $92,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $567,000 |
$113,000 | $179,000 |
$53,000 | $77,000 |
| Not applicable |
1 | $80,000 |
$80,000 | $80,000 |
$80,000 | $80,000 |
| Not Provided |
1 | $71,000 |
$71,000 | $71,000 |
$38,000 | $38,000 |
| White |
161 | $18,806,000 |
$116,000 | $760,000 |
$68,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
57 | $5,771,000 |
$101,000 | $760,000 |
$82,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
35 | $3,719,000 |
$127,000 | $170,000 |
$44,500 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
172 | $20,908,000 |
$143,500 | $306,000 |
$45,500 | $114,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
12 | $1,001,000 |
$83,000 | $190,000 |
$41,000 | $77,000 |
| Application Withdrawn By Applicant |
13 | $2,105,000 |
$163,500 | $760,000 |
$64,000 | $350,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
239 | $27,292,000 |
$137,500 | $306,000 |
$53,500 | $309,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $396,000 |
$66,000 | $87,000 |
$46,000 | $77,000 |
| Debt-To-Income Ratio |
4 | $405,000 |
$101,000 | $190,000 |
$39,000 | $71,000 |
| 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 | $69,000 |
$69,000 | $69,000 |
$35,000 | $35,000 |
| Unverifiable Information |
1 | $131,000 |
$131,000 | $131,000 |
$40,000 | $40,000 |
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Mortgage Loan App Totals for ALLEGIANCE MORTGAGE CORPORATIO by:
Metropolitan Area And
County
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