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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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BUDGET MORTGAGE BANKERS, LTD
Mortgage Loans and Application Details
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| Mortgage Company Name |
BUDGET MORTGAGE BANKERS, LTD |
| Address | 3333 NEW HYDE PARK ROAD
NEW HYDE PARK, NY 11042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 53 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,789,000 |
| Average Mortgage Loan Amount Applied For | $253,750 |
| Highest Mortgage Loan Amount Applied For | $661,000 |
| Average Applicant Income | $53,250 |
| Highest Applicant Income | $234,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
12 | $3,973,000 |
$331,000 | $661,000 |
$74,000 | $120,000 |
| Refinancing |
41 | $11,816,000 |
$288,000 | $650,000 |
$53,000 | $234,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $653,000 |
$326,000 | $480,000 |
$88,000 | $120,000 |
| Black or African American |
31 | $9,989,000 |
$322,000 | $650,000 |
$65,000 | $234,000 |
| Hispanic |
12 | $2,990,000 |
$249,000 | $532,000 |
$41,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
8 | $2,157,000 |
$269,000 | $661,000 |
$48,000 | $85,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
46 | $13,296,000 |
$289,000 | $661,000 |
$53,000 | $234,000 |
| FHA-insured (Federal Housing Administration) |
7 | $2,493,000 |
$356,000 | $532,000 |
$88,000 | $124,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
2 | $435,000 |
$217,000 | $348,000 |
$96,000 | $96,000 |
| Application Withdrawn By Applicant |
6 | $1,596,000 |
$266,000 | $661,000 |
$47,000 | $86,000 |
| File Closed For Incompleteness |
1 | $150,000 |
$150,000 | $150,000 |
$0 | $0 |
| Loan Originated |
44 | $13,608,000 |
$309,000 | $650,000 |
$59,000 | $234,000 |
| 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 |
2 | $435,000 |
$217,000 | $348,000 |
$96,000 | $96,000 |
| 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 BUDGET MORTGAGE BANKERS, LTD by:
Metropolitan Area And
County
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