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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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ASPIRE FINANCIAL INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ASPIRE FINANCIAL INC |
| Address | 4309 ALPHA RD
DALLAS, TX 75006 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,764 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $675,548,000 |
| Average Mortgage Loan Amount Applied For | $106,837 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $72,837 |
| Highest Applicant Income | $1,756,000 |
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| Home Improvement |
5 | $544,000 |
$108,000 | $165,000 |
$162,000 | $270,000 |
| Home Purchase |
4,384 | $442,295,000 |
$100,000 | $810,000 |
$79,000 | $1,756,000 |
| Refinancing |
2,056 | $300,505,000 |
$146,000 | $1,350,000 |
$91,000 | $941,000 |
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| American Indian or Alaskan Native |
32 | $3,666,000 |
$114,000 | $273,000 |
$76,000 | $165,000 |
| Asian |
84 | $10,044,000 |
$119,000 | $356,000 |
$87,000 | $202,000 |
| Black or African American |
764 | $84,300,000 |
$110,000 | $604,000 |
$73,000 | $734,000 |
| Hispanic |
537 | $54,761,000 |
$101,000 | $765,000 |
$71,000 | $717,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $1,212,000 |
$86,000 | $138,000 |
$40,000 | $68,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
295 | $35,010,000 |
$118,000 | $698,000 |
$98,000 | $1,756,000 |
| White |
4,719 | $554,351,000 |
$117,000 | $1,350,000 |
$86,000 | $941,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,800 | $661,993,000 |
$114,000 | $1,350,000 |
$86,000 | $1,756,000 |
| FHA-insured (Federal Housing Administration) |
541 | $65,576,000 |
$121,000 | $278,000 |
$61,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $103,000 |
$34,000 | $50,000 |
$50,000 | $80,000 |
| VA-guaranteed (Veterans Administration) |
101 | $15,672,000 |
$155,000 | $376,000 |
$74,000 | $240,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
332 | $40,240,000 |
$121,000 | $1,313,000 |
$76,000 | $896,000 |
| Application Withdrawn By Applicant |
1,571 | $169,560,000 |
$107,000 | $640,000 |
$75,000 | $1,080,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,542 | $533,544,000 |
$117,000 | $1,350,000 |
$87,000 | $1,756,000 |
| 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 |
90 | $10,660,000 |
$118,000 | $698,000 |
$82,000 | $500,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
130 | $14,252,000 |
$109,000 | $525,000 |
$66,000 | $274,000 |
| Debt-To-Income Ratio |
23 | $2,958,000 |
$128,000 | $240,000 |
$68,000 | $291,000 |
| Employment History |
10 | $854,000 |
$85,000 | $160,000 |
$48,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
27 | $3,168,000 |
$117,000 | $324,000 |
$76,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
43 | $5,446,000 |
$126,000 | $384,000 |
$96,000 | $896,000 |
| Unverifiable Information |
9 | $2,902,000 |
$322,000 | $1,313,000 |
$124,000 | $401,000 |
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Mortgage Loan App Totals for ASPIRE FINANCIAL INC by:
Metropolitan Area And
County
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