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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 FINANCIAL RESOURCES
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN FINANCIAL RESOURCES |
| Address | 3770 N 7TH ST
PHOENIX, AZ 85014 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,401 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $285,114,000 |
| Average Mortgage Loan Amount Applied For | $226,462 |
| Highest Mortgage Loan Amount Applied For | $1,550,000 |
| Average Applicant Income | $98,985 |
| Highest Applicant Income | $1,892,000 |
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| Home Improvement |
2 | $400,000 |
$200,000 | $250,000 |
$247,000 | $303,000 |
| Home Purchase |
738 | $136,678,000 |
$195,666 | $920,000 |
$111,444 | $1,892,000 |
| Refinancing |
661 | $148,036,000 |
$239,000 | $1,550,000 |
$98,300 | $960,000 |
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| American Indian or Alaskan Native |
7 | $1,085,000 |
$155,000 | $240,000 |
$59,000 | $87,000 |
| Asian |
57 | $13,288,000 |
$235,200 | $585,000 |
$107,000 | $329,000 |
| Black or African American |
25 | $5,212,000 |
$238,000 | $497,000 |
$67,500 | $216,000 |
| Hispanic |
152 | $24,305,000 |
$225,833 | $625,000 |
$75,166 | $336,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,109,000 |
$221,000 | $436,000 |
$129,000 | $240,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
31 | $7,480,000 |
$235,666 | $920,000 |
$101,166 | $290,000 |
| White |
1,124 | $232,635,000 |
$207,900 | $1,550,000 |
$107,100 | $1,892,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,319 | $272,800,000 |
$213,300 | $1,550,000 |
$110,300 | $1,892,000 |
| FHA-insured (Federal Housing Administration) |
55 | $7,246,000 |
$130,500 | $200,000 |
$33,250 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $1,210,000 |
$172,000 | $200,000 |
$40,000 | $66,000 |
| VA-guaranteed (Veterans Administration) |
20 | $3,858,000 |
$227,666 | $360,000 |
$69,666 | $103,000 |
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| Application Approved But Not Accepted |
6 | $958,000 |
$221,333 | $370,000 |
$162,666 | $316,000 |
| Application Denied By Financial Institution |
10 | $1,190,000 |
$119,000 | $184,000 |
$61,000 | $219,000 |
| Application Withdrawn By Applicant |
89 | $18,629,000 |
$236,714 | $863,000 |
$94,714 | $303,000 |
| File Closed For Incompleteness |
25 | $5,716,000 |
$201,600 | $552,000 |
$64,200 | $180,000 |
| Loan Originated |
1,271 | $258,621,000 |
$210,800 | $1,550,000 |
$104,300 | $1,892,000 |
| 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 |
3 | $249,000 |
$83,000 | $146,000 |
$38,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $274,000 |
$91,000 | $139,000 |
$135,000 | $219,000 |
| Employment History |
1 | $141,000 |
$141,000 | $141,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $342,000 |
$171,000 | $182,000 |
$14,000 | $29,000 |
| Unverifiable Information |
1 | $184,000 |
$184,000 | $184,000 |
$42,000 | $42,000 |
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Mortgage Loan App Totals for AMERICAN FINANCIAL RESOURCES by:
Metropolitan Area And
County
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