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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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BENCHMARK LENDING INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
BENCHMARK LENDING INC |
| Address | 105 S WHEELER, STE 200
PLANT CITY, FL 33563 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 943 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $108,200,000 |
| Average Mortgage Loan Amount Applied For | $116,140 |
| Highest Mortgage Loan Amount Applied For | $286,000 |
| Average Applicant Income | $48,754 |
| Highest Applicant Income | $144,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
941 | $107,985,000 |
$114,000 | $286,000 |
$47,000 | $144,000 |
| Refinancing |
22 | $2,583,000 |
$117,000 | $245,000 |
$53,000 | $135,000 |
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| American Indian or Alaskan Native |
2 | $281,000 |
$140,000 | $195,000 |
$55,000 | $78,000 |
| Asian |
3 | $323,000 |
$107,000 | $117,000 |
$52,000 | $73,000 |
| Black or African American |
74 | $7,821,000 |
$105,000 | $159,000 |
$44,000 | $133,000 |
| Hispanic |
37 | $4,850,000 |
$131,000 | $262,000 |
$42,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $112,000 |
$112,000 | $112,000 |
$39,000 | $39,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
422 | $48,027,000 |
$113,000 | $248,000 |
$46,000 | $144,000 |
| White |
424 | $49,154,000 |
$115,000 | $286,000 |
$48,000 | $135,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
52 | $6,725,000 |
$129,000 | $286,000 |
$48,000 | $135,000 |
| FHA-insured (Federal Housing Administration) |
902 | $102,488,000 |
$113,000 | $245,000 |
$47,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $121,000 |
$121,000 | $121,000 |
$40,000 | $40,000 |
| VA-guaranteed (Veterans Administration) |
8 | $1,234,000 |
$154,000 | $248,000 |
$51,000 | $84,000 |
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| Application Approved But Not Accepted |
1 | $68,000 |
$68,000 | $68,000 |
$34,000 | $34,000 |
| Application Denied By Financial Institution |
64 | $6,937,000 |
$108,000 | $203,000 |
$43,000 | $110,000 |
| Application Withdrawn By Applicant |
485 | $55,666,000 |
$114,000 | $248,000 |
$46,000 | $144,000 |
| File Closed For Incompleteness |
4 | $390,000 |
$97,000 | $104,000 |
$37,000 | $44,000 |
| Loan Originated |
408 | $47,374,000 |
$116,000 | $286,000 |
$49,000 | $135,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $133,000 |
$133,000 | $133,000 |
$49,000 | $49,000 |
| 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 |
13 | $1,281,000 |
$98,000 | $154,000 |
$39,000 | $78,000 |
| Debt-To-Income Ratio |
12 | $1,320,000 |
$110,000 | $203,000 |
$44,000 | $110,000 |
| Employment History |
5 | $540,000 |
$108,000 | $163,000 |
$33,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $350,000 |
$116,000 | $148,000 |
$38,000 | $54,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $557,000 |
$92,000 | $168,000 |
$31,000 | $59,000 |
| Unverifiable Information |
7 | $827,000 |
$118,000 | $177,000 |
$45,000 | $70,000 |
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Mortgage Loan App Totals for BENCHMARK LENDING INC by:
Metropolitan Area And
County
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