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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 FREEDOM MORTGAGE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN FREEDOM MORTGAGE, INC |
| Address | 2211 NEWMARKET PARKWAY, SUITE 130
MARIETTA, GA 30067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,455 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $302,988,000 |
| Average Mortgage Loan Amount Applied For | $115,162 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $60,921 |
| Highest Applicant Income | $800,000 |
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| Home Improvement |
5 | $518,000 |
$102,000 | $140,000 |
$39,000 | $49,000 |
| Home Purchase |
471 | $55,174,000 |
$110,944 | $1,000,000 |
$82,111 | $792,000 |
| Refinancing |
1,980 | $247,418,000 |
$120,076 | $945,000 |
$57,076 | $800,000 |
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| American Indian or Alaskan Native |
4 | $402,000 |
$107,000 | $165,000 |
$48,500 | $79,000 |
| Asian |
15 | $1,526,000 |
$88,666 | $225,000 |
$76,333 | $300,000 |
| Black or African American |
873 | $105,732,000 |
$103,615 | $626,000 |
$117,000 | $779,000 |
| Hispanic |
84 | $10,802,000 |
$134,571 | $945,000 |
$66,571 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $120,000 |
$60,000 | $96,000 |
$83,000 | $83,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
119 | $15,378,000 |
$123,444 | $348,000 |
$54,111 | $168,000 |
| White |
1,359 | $169,150,000 |
$112,000 | $1,000,000 |
$61,062 | $800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,453 | $302,955,000 |
$116,166 | $1,000,000 |
$79,055 | $800,000 |
| FHA-insured (Federal Housing Administration) |
2 | $58,000 |
$29,000 | $48,000 |
$46,000 | $92,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $97,000 |
$97,000 | $97,000 |
$28,000 | $28,000 |
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| Application Approved But Not Accepted |
24 | $3,049,000 |
$154,000 | $299,000 |
$66,500 | $94,000 |
| Application Denied By Financial Institution |
321 | $38,872,000 |
$96,571 | $650,000 |
$110,357 | $779,000 |
| Application Withdrawn By Applicant |
496 | $61,150,000 |
$124,647 | $702,000 |
$56,823 | $800,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,615 | $200,039,000 |
$129,333 | $1,000,000 |
$73,583 | $792,000 |
| 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 |
122 | $15,554,000 |
$109,545 | $650,000 |
$67,545 | $358,000 |
| Credit Application Incomplete |
4 | $373,000 |
$93,000 | $157,000 |
$75,000 | $119,000 |
| Credit History |
33 | $4,780,000 |
$147,200 | $323,000 |
$70,600 | $123,000 |
| Debt-To-Income Ratio |
26 | $3,675,000 |
$108,500 | $516,000 |
$36,000 | $120,000 |
| Employment History |
10 | $942,000 |
$86,500 | $237,000 |
$44,500 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $630,000 |
$67,500 | $129,000 |
$51,000 | $121,000 |
| Mortgage Insurance Denied |
1 | $33,000 |
$33,000 | $33,000 |
$139,000 | $139,000 |
| Other |
93 | $10,728,000 |
$67,857 | $626,000 |
$46,000 | $315,000 |
| Unverifiable Information |
6 | $663,000 |
$87,750 | $196,000 |
$301,500 | $779,000 |
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Mortgage Loan App Totals for AMERICAN FREEDOM MORTGAGE, INC by:
Metropolitan Area And
County
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