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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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CALIFORNIA GOLD FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
CALIFORNIA GOLD FINANCIAL |
| Address | 2720 GATEWAY OAKS DRIVE SUITE 200A
SACRAMENTO, CA 95833-4304 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 294 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $86,493,000 |
| Average Mortgage Loan Amount Applied For | $287,500 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $112,500 |
| Highest Applicant Income | $430,000 |
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| Home Improvement |
16 | $4,420,000 |
$276,000 | $950,000 |
$114,000 | $243,000 |
| Home Purchase |
187 | $53,972,000 |
$288,000 | $920,000 |
$113,000 | $430,000 |
| Refinancing |
91 | $28,101,000 |
$308,000 | $812,000 |
$105,000 | $250,000 |
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| American Indian or Alaskan Native |
3 | $1,089,000 |
$363,000 | $424,000 |
$115,000 | $139,000 |
| Asian |
3 | $664,000 |
$221,000 | $248,000 |
$71,000 | $92,000 |
| Black or African American |
1 | $284,000 |
$284,000 | $284,000 |
$71,000 | $71,000 |
| Hispanic |
17 | $3,652,000 |
$214,000 | $368,000 |
$95,000 | $177,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $500,000 |
$500,000 | $500,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
186 | $60,100,000 |
$323,000 | $950,000 |
$117,000 | $360,000 |
| White |
83 | $20,204,000 |
$243,000 | $650,000 |
$103,000 | $430,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
293 | $86,325,000 |
$294,000 | $950,000 |
$111,000 | $430,000 |
| FHA-insured (Federal Housing Administration) |
1 | $168,000 |
$168,000 | $168,000 |
$67,000 | $67,000 |
| 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 |
14 | $4,068,000 |
$290,000 | $508,000 |
$139,000 | $242,000 |
| Application Denied By Financial Institution |
33 | $9,000,000 |
$272,000 | $576,000 |
$105,000 | $243,000 |
| Application Withdrawn By Applicant |
52 | $15,241,000 |
$293,000 | $765,000 |
$99,000 | $295,000 |
| File Closed For Incompleteness |
1 | $292,000 |
$292,000 | $292,000 |
$132,000 | $132,000 |
| Loan Originated |
194 | $57,892,000 |
$298,000 | $950,000 |
$113,000 | $430,000 |
| 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 |
4 | $1,686,000 |
$421,000 | $576,000 |
$126,000 | $240,000 |
| Credit Application Incomplete |
4 | $919,000 |
$229,000 | $468,000 |
$80,000 | $150,000 |
| Credit History |
2 | $669,000 |
$334,000 | $404,000 |
$129,000 | $204,000 |
| Debt-To-Income Ratio |
4 | $996,000 |
$249,000 | $344,000 |
$125,000 | $243,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $284,000 |
$284,000 | $284,000 |
$85,000 | $85,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $2,802,000 |
$233,000 | $537,000 |
$92,000 | $138,000 |
| Unverifiable Information |
6 | $1,644,000 |
$274,000 | $448,000 |
$115,000 | $180,000 |
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Mortgage Loan App Totals for CALIFORNIA GOLD FINANCIAL by:
Metropolitan Area And
County
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