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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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ARVEST MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARVEST MORTGAGE COMPANY |
| Address | 931 WEST MONROE
LOWELL, AR 72745 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,998 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,334,539,000 |
| Average Mortgage Loan Amount Applied For | $173,309 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $82,563 |
| Highest Applicant Income | $2,357,000 |
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| Home Improvement |
1 | $32,000 |
$32,000 | $32,000 |
$44,000 | $44,000 |
| Home Purchase |
5,698 | $719,638,000 |
$126,000 | $1,280,000 |
$64,000 | $2,357,000 |
| Refinancing |
4,299 | $614,869,000 |
$143,000 | $2,500,000 |
$69,000 | $2,232,000 |
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| American Indian or Alaskan Native |
189 | $19,731,000 |
$104,000 | $417,000 |
$46,000 | $314,000 |
| Asian |
216 | $27,110,000 |
$125,000 | $417,000 |
$57,000 | $450,000 |
| Black or African American |
263 | $33,237,000 |
$126,000 | $500,000 |
$60,000 | $400,000 |
| Hispanic |
632 | $72,935,000 |
$115,000 | $950,000 |
$38,000 | $225,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $1,464,000 |
$146,000 | $640,000 |
$71,000 | $431,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
265 | $39,854,000 |
$150,000 | $1,504,000 |
$66,000 | $672,000 |
| White |
8,423 | $1,140,208,000 |
$135,000 | $2,500,000 |
$70,000 | $2,357,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,049 | $1,226,559,000 |
$135,000 | $2,500,000 |
$68,000 | $2,357,000 |
| FHA-insured (Federal Housing Administration) |
682 | $70,476,000 |
$103,000 | $214,000 |
$48,000 | $421,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $69,000 |
$69,000 | $69,000 |
$24,000 | $24,000 |
| VA-guaranteed (Veterans Administration) |
266 | $37,435,000 |
$140,000 | $381,000 |
$56,000 | $145,000 |
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| Application Approved But Not Accepted |
35 | $4,172,000 |
$119,000 | $417,000 |
$40,000 | $108,000 |
| Application Denied By Financial Institution |
1,529 | $180,736,000 |
$118,000 | $1,000,000 |
$51,000 | $786,000 |
| Application Withdrawn By Applicant |
400 | $55,963,000 |
$139,000 | $1,000,000 |
$67,000 | $1,238,000 |
| File Closed For Incompleteness |
153 | $21,180,000 |
$138,000 | $1,504,000 |
$62,000 | $460,000 |
| Loan Originated |
7,881 | $1,072,488,000 |
$136,000 | $2,500,000 |
$70,000 | $2,357,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 ARVEST MORTGAGE COMPANY by:
Metropolitan Area And
County
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