| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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AME FINANCIAL CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
AME FINANCIAL CORPORATION |
| Address | 6455 SHILOH RD STE D
ALPHARETTA, GA 30005 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 4,352 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $874,632,000 |
| Average Mortgage Loan Amount Applied For | $196,643 |
| Highest Mortgage Loan Amount Applied For | $2,371,000 |
| Average Applicant Income | $70,232 |
| Highest Applicant Income | $2,260,000 |
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| Home Improvement |
4 | $1,073,000 |
$268,000 | $417,000 |
$87,000 | $105,000 |
| Home Purchase |
1,823 | $339,433,000 |
$186,000 | $1,406,000 |
$72,000 | $2,260,000 |
| Refinancing |
2,608 | $551,372,000 |
$211,000 | $2,371,000 |
$66,000 | $745,000 |
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| American Indian or Alaskan Native |
17 | $2,200,000 |
$129,000 | $272,000 |
$50,000 | $126,000 |
| Asian |
200 | $44,085,000 |
$220,000 | $600,000 |
$82,000 | $766,000 |
| Black or African American |
936 | $165,069,000 |
$176,000 | $1,050,000 |
$53,000 | $649,000 |
| Hispanic |
243 | $49,468,000 |
$203,000 | $937,000 |
$59,000 | $378,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $3,431,000 |
$214,000 | $467,000 |
$74,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
540 | $106,782,000 |
$197,000 | $655,000 |
$60,000 | $480,000 |
| White |
2,483 | $520,843,000 |
$209,000 | $2,371,000 |
$76,000 | $2,260,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,227 | $485,663,000 |
$218,000 | $2,371,000 |
$89,000 | $2,260,000 |
| FHA-insured (Federal Housing Administration) |
2,107 | $383,947,000 |
$182,000 | $730,000 |
$49,000 | $336,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $499,000 |
$124,000 | $173,000 |
$6,000 | $26,000 |
| VA-guaranteed (Veterans Administration) |
97 | $21,769,000 |
$224,000 | $407,000 |
$43,000 | $210,000 |
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| Application Approved But Not Accepted |
5 | $947,000 |
$189,000 | $276,000 |
$73,000 | $109,000 |
| Application Denied By Financial Institution |
479 | $94,665,000 |
$197,000 | $1,815,000 |
$72,000 | $597,000 |
| Application Withdrawn By Applicant |
1,574 | $315,978,000 |
$200,000 | $1,406,000 |
$73,000 | $745,000 |
| File Closed For Incompleteness |
31 | $6,353,000 |
$204,000 | $685,000 |
$71,000 | $224,000 |
| Loan Originated |
2,097 | $421,868,000 |
$201,000 | $2,371,000 |
$69,000 | $2,260,000 |
| Loan Purchased By The Institution |
244 | $50,934,000 |
$208,000 | $522,000 |
$39,000 | $324,000 |
| Preapproval Approved but not Accepted |
2 | $468,000 |
$234,000 | $309,000 |
$58,000 | $73,000 |
| Preapproval Denied by Financial Institution |
3 | $665,000 |
$221,000 | $325,000 |
$71,000 | $112,000 |
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| Collateral |
17 | $3,508,000 |
$206,000 | $344,000 |
$77,000 | $221,000 |
| Credit Application Incomplete |
1 | $143,000 |
$143,000 | $143,000 |
$70,000 | $70,000 |
| Credit History |
61 | $11,365,000 |
$186,000 | $392,000 |
$57,000 | $279,000 |
| Debt-To-Income Ratio |
44 | $8,893,000 |
$202,000 | $648,000 |
$53,000 | $131,000 |
| Employment History |
7 | $1,490,000 |
$212,000 | $464,000 |
$97,000 | $202,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $119,000 |
$119,000 | $119,000 |
$47,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
42 | $8,540,000 |
$203,000 | $417,000 |
$94,000 | $339,000 |
| Unverifiable Information |
9 | $2,142,000 |
$238,000 | $368,000 |
$74,000 | $169,000 |
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Mortgage Loan Application Totals for AME FINANCIAL CORPORATION by:
Metropolitan Area And
County
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