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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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AMERIFUND MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERIFUND MORTGAGE LLC |
| Address | 380 N. OLD WOODWARD AVENUE SUITE 212
BIRMINGHAM, MI 48009 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 123 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,625,000 |
| Average Mortgage Loan Amount Applied For | $133,461 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $82,923 |
| Highest Applicant Income | $1,165,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
22 | $4,136,000 |
$174,500 | $492,000 |
$48,000 | $174,000 |
| Refinancing |
101 | $17,489,000 |
$173,000 | $1,000,000 |
$117,000 | $1,165,000 |
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| American Indian or Alaskan Native |
1 | $20,000 |
$20,000 | $20,000 |
$44,000 | $44,000 |
| Asian |
4 | $463,000 |
$115,000 | $254,000 |
$61,000 | $85,000 |
| Black or African American |
7 | $1,543,000 |
$220,000 | $270,000 |
$106,000 | $168,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $1,031,000 |
$128,000 | $255,000 |
$76,000 | $173,000 |
| White |
103 | $18,568,000 |
$170,000 | $1,000,000 |
$70,500 | $1,165,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
119 | $21,124,000 |
$168,500 | $1,000,000 |
$66,000 | $1,165,000 |
| FHA-insured (Federal Housing Administration) |
4 | $501,000 |
$125,000 | $141,000 |
$52,000 | $60,000 |
| 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 |
3 | $227,000 |
$75,000 | $116,000 |
$50,000 | $61,000 |
| Application Withdrawn By Applicant |
18 | $3,799,000 |
$211,000 | $750,000 |
$101,000 | $501,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
102 | $17,599,000 |
$166,000 | $1,000,000 |
$66,500 | $1,165,000 |
| 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 | $136,000 |
$68,000 | $116,000 |
$45,000 | $46,000 |
| Debt-To-Income Ratio |
1 | $91,000 |
$91,000 | $91,000 |
$61,000 | $61,000 |
| 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 AMERIFUND MORTGAGE LLC by:
Metropolitan Area And
County
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