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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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BENEFIT FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BENEFIT FUNDING CORPORATION |
| Address | 10724 BALTIMORE AVENUE
BELTSVILLE, MD 20705 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 254 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $60,724,000 |
| Average Mortgage Loan Amount Applied For | $233,880 |
| Highest Mortgage Loan Amount Applied For | $685,000 |
| Average Applicant Income | $106,920 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
127 | $29,654,000 |
$233,000 | $489,000 |
$91,000 | $285,000 |
| Refinancing |
127 | $31,070,000 |
$244,000 | $685,000 |
$102,000 | $900,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $1,877,000 |
$375,000 | $554,000 |
$116,000 | $191,000 |
| Black or African American |
56 | $11,641,000 |
$207,000 | $515,000 |
$86,000 | $216,000 |
| Hispanic |
105 | $25,322,000 |
$241,000 | $439,000 |
$77,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $360,000 |
$180,000 | $320,000 |
$109,000 | $109,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $360,000 |
$360,000 | $360,000 |
$110,000 | $110,000 |
| White |
85 | $21,164,000 |
$248,000 | $685,000 |
$126,000 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
220 | $51,685,000 |
$234,000 | $685,000 |
$100,000 | $900,000 |
| FHA-insured (Federal Housing Administration) |
32 | $8,575,000 |
$267,000 | $368,000 |
$75,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $464,000 |
$232,000 | $260,000 |
$63,000 | $74,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
3 | $929,000 |
$309,000 | $417,000 |
$111,000 | $124,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
251 | $59,795,000 |
$238,000 | $685,000 |
$96,000 | $900,000 |
| 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 BENEFIT FUNDING CORPORATION by:
Metropolitan Area And
County
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