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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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AMERICAN FINANCE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN FINANCE COMPANY |
| Address | 29 NE EGLIN PARKWAY
FORT WALTON BEACH, FL 32548 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 22 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,259,000 |
| Average Mortgage Loan Amount Applied For | $32,666 |
| Highest Mortgage Loan Amount Applied For | $205,000 |
| Average Applicant Income | $41,333 |
| Highest Applicant Income | $98,000 |
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| Home Improvement |
4 | $114,000 |
$28,000 | $52,000 |
$45,000 | $69,000 |
| Home Purchase |
2 | $112,000 |
$56,000 | $58,000 |
$74,000 | $86,000 |
| Refinancing |
16 | $1,033,000 |
$64,000 | $205,000 |
$58,000 | $98,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
3 | $59,000 |
$19,000 | $34,000 |
$48,000 | $67,000 |
| Hispanic |
1 | $158,000 |
$158,000 | $158,000 |
$34,000 | $34,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
18 | $1,042,000 |
$57,000 | $205,000 |
$60,000 | $98,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
22 | $1,259,000 |
$57,000 | $205,000 |
$57,000 | $98,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $242,000 |
$60,000 | $158,000 |
$40,000 | $67,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
18 | $1,017,000 |
$56,000 | $205,000 |
$61,000 | $98,000 |
| 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 |
2 | $59,000 |
$29,000 | $42,000 |
$57,000 | $67,000 |
| Debt-To-Income Ratio |
2 | $183,000 |
$91,000 | $158,000 |
$24,000 | $34,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN FINANCE COMPANY by:
Metropolitan Area And
County
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