|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
ASSURAFIRST FINANCIAL COMPANY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
ASSURAFIRST FINANCIAL COMPANY |
| Address | 26400 LAHSER ROAD SUITE 444
SOUTHFIELD, MI 48034 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 3,247 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $442,364,000 |
| Average Mortgage Loan Amount Applied For | $156,883 |
| Highest Mortgage Loan Amount Applied For | $935,000 |
| Average Applicant Income | $68,649 |
| Highest Applicant Income | $458,000 |
|
|
|
| Home Improvement |
101 | $3,814,000 |
$46,111 | $200,000 |
$95,777 | $253,000 |
| Home Purchase |
2,435 | $309,620,000 |
$167,095 | $750,000 |
$73,619 | $458,000 |
| Refinancing |
1,302 | $201,263,000 |
$200,920 | $935,000 |
$70,840 | $791,000 |
|
|
| American Indian or Alaskan Native |
8 | $813,000 |
$98,800 | $206,000 |
$38,000 | $88,000 |
| Asian |
43 | $6,699,000 |
$174,750 | $360,000 |
$70,375 | $169,000 |
| Black or African American |
200 | $23,260,000 |
$150,636 | $350,000 |
$63,090 | $253,000 |
| Hispanic |
137 | $18,192,000 |
$155,500 | $515,000 |
$54,300 | $141,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $225,000 |
$225,000 | $225,000 |
$120,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
110 | $14,569,000 |
$98,500 | $588,000 |
$81,750 | $250,000 |
| White |
3,339 | $450,939,000 |
$189,185 | $935,000 |
$77,148 | $791,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,692 | $378,971,000 |
$186,555 | $935,000 |
$81,111 | $791,000 |
| FHA-insured (Federal Housing Administration) |
814 | $94,662,000 |
$136,272 | $337,000 |
$49,636 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
60 | $5,568,000 |
$93,666 | $167,000 |
$39,333 | $72,000 |
| VA-guaranteed (Veterans Administration) |
272 | $35,496,000 |
$167,818 | $367,000 |
$50,636 | $126,000 |
|
|
| Application Approved But Not Accepted |
1 | $73,000 |
$73,000 | $73,000 |
$42,000 | $42,000 |
| Application Denied By Financial Institution |
78 | $10,392,000 |
$136,454 | $935,000 |
$62,545 | $384,000 |
| Application Withdrawn By Applicant |
938 | $120,280,000 |
$169,600 | $640,000 |
$70,950 | $458,000 |
| File Closed For Incompleteness |
2 | $179,000 |
$89,500 | $90,000 |
$41,000 | $58,000 |
| Loan Originated |
2,170 | $275,737,000 |
$206,000 | $750,000 |
$78,520 | $451,000 |
| Loan Purchased By The Institution |
616 | $102,975,000 |
$165,500 | $611,000 |
$78,000 | $791,000 |
| Preapproval Approved but not Accepted |
1 | $149,000 |
$149,000 | $149,000 |
$95,000 | $95,000 |
| Preapproval Denied by Financial Institution |
32 | $4,912,000 |
$148,200 | $279,000 |
$57,400 | $117,000 |
|
|
| Collateral |
14 | $2,678,000 |
$167,000 | $935,000 |
$74,833 | $384,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
60 | $8,104,000 |
$189,428 | $340,000 |
$57,571 | $117,000 |
| Debt-To-Income Ratio |
9 | $1,238,000 |
$151,250 | $244,000 |
$52,500 | $85,000 |
| Employment History |
2 | $308,000 |
$154,000 | $276,000 |
$52,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $318,000 |
$106,000 | $143,000 |
$34,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
20 | $2,408,000 |
$104,250 | $282,000 |
$69,250 | $120,000 |
| Unverifiable Information |
2 | $250,000 |
$125,000 | $160,000 |
$27,500 | $55,000 |
|
Mortgage Loan App Totals for ASSURAFIRST FINANCIAL COMPANY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
