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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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AMERIFIRST FINANCIAL CORPORATI
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERIFIRST FINANCIAL CORPORATI |
| Address | 616 WEST CENTRE AVENUE
PORTAGE, MI 49024 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,339 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $144,221,000 |
| Average Mortgage Loan Amount Applied For | $136,012 |
| Highest Mortgage Loan Amount Applied For | $563,000 |
| Average Applicant Income | $69,141 |
| Highest Applicant Income | $805,000 |
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| Home Improvement |
22 | $873,000 |
$39,000 | $133,000 |
$65,000 | $141,000 |
| Home Purchase |
1,206 | $123,020,000 |
$102,000 | $456,000 |
$54,000 | $805,000 |
| Refinancing |
622 | $69,645,000 |
$111,000 | $563,000 |
$68,000 | $751,000 |
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| American Indian or Alaskan Native |
12 | $1,204,000 |
$100,000 | $180,000 |
$83,000 | $537,000 |
| Asian |
12 | $1,127,000 |
$93,000 | $196,000 |
$52,000 | $120,000 |
| Black or African American |
70 | $7,583,000 |
$108,000 | $281,000 |
$53,000 | $95,000 |
| Hispanic |
36 | $3,744,000 |
$104,000 | $220,000 |
$42,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $268,000 |
$89,000 | $110,000 |
$45,000 | $57,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24 | $2,644,000 |
$110,000 | $260,000 |
$53,000 | $120,000 |
| White |
1,693 | $176,968,000 |
$104,000 | $563,000 |
$59,000 | $805,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,142 | $117,959,000 |
$103,000 | $563,000 |
$67,000 | $805,000 |
| FHA-insured (Federal Housing Administration) |
497 | $54,327,000 |
$109,000 | $205,000 |
$47,000 | $141,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
158 | $14,507,000 |
$91,000 | $184,000 |
$36,000 | $78,000 |
| VA-guaranteed (Veterans Administration) |
53 | $6,745,000 |
$127,000 | $292,000 |
$60,000 | $511,000 |
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| Application Approved But Not Accepted |
1 | $52,000 |
$52,000 | $52,000 |
$23,000 | $23,000 |
| Application Denied By Financial Institution |
21 | $2,685,000 |
$127,000 | $396,000 |
$52,000 | $157,000 |
| Application Withdrawn By Applicant |
177 | $17,039,000 |
$96,000 | $340,000 |
$53,000 | $537,000 |
| File Closed For Incompleteness |
3 | $212,000 |
$70,000 | $129,000 |
$57,000 | $72,000 |
| Loan Originated |
1,640 | $172,760,000 |
$105,000 | $563,000 |
$60,000 | $805,000 |
| Loan Purchased By The Institution |
8 | $790,000 |
$98,000 | $156,000 |
$39,000 | $76,000 |
| 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 |
6 | $632,000 |
$105,000 | $178,000 |
$45,000 | $65,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,019,000 |
$113,000 | $153,000 |
$41,000 | $52,000 |
| Debt-To-Income Ratio |
1 | $100,000 |
$100,000 | $100,000 |
$32,000 | $32,000 |
| Employment History |
1 | $109,000 |
$109,000 | $109,000 |
$56,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $825,000 |
$206,000 | $396,000 |
$92,000 | $157,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERIFIRST FINANCIAL CORPORATI by:
Metropolitan Area And
County
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