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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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CAROLINA FARM CREDIT, ACA
Mortgage Loans and Application Details
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| Mortgage Company Name |
CAROLINA FARM CREDIT, ACA |
| Address | 146 VICTORY LANE
STATESVILLE, NC 28625 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 532 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $68,312,000 |
| Average Mortgage Loan Amount Applied For | $130,016 |
| Highest Mortgage Loan Amount Applied For | $493,000 |
| Average Applicant Income | $79,196 |
| Highest Applicant Income | $1,433,000 |
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| Home Improvement |
110 | $7,572,000 |
$68,000 | $457,000 |
$179,000 | $4,719,000 |
| Home Purchase |
299 | $41,782,000 |
$139,000 | $562,000 |
$89,000 | $850,000 |
| Refinancing |
235 | $31,680,000 |
$134,000 | $848,000 |
$96,000 | $1,638,000 |
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| American Indian or Alaskan Native |
1 | $42,000 |
$42,000 | $42,000 |
$50,000 | $50,000 |
| Asian |
6 | $1,265,000 |
$210,000 | $368,000 |
$77,000 | $141,000 |
| Black or African American |
15 | $1,204,000 |
$80,000 | $225,000 |
$57,000 | $125,000 |
| Hispanic |
6 | $541,000 |
$90,000 | $250,000 |
$67,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $170,000 |
$170,000 | $170,000 |
$34,000 | $34,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
22 | $3,485,000 |
$158,000 | $417,000 |
$67,000 | $167,000 |
| White |
593 | $74,327,000 |
$125,000 | $848,000 |
$111,000 | $4,719,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
643 | $80,914,000 |
$125,000 | $848,000 |
$107,000 | $4,719,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $120,000 |
$120,000 | $120,000 |
$119,000 | $119,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
9 | $1,653,000 |
$183,000 | $292,000 |
$56,000 | $78,000 |
| Application Denied By Financial Institution |
37 | $4,352,000 |
$117,000 | $361,000 |
$50,000 | $131,000 |
| Application Withdrawn By Applicant |
22 | $3,586,000 |
$163,000 | $414,000 |
$67,000 | $134,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
576 | $71,443,000 |
$124,000 | $848,000 |
$113,000 | $4,719,000 |
| 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 |
3 | $308,000 |
$102,000 | $176,000 |
$56,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $1,979,000 |
$116,000 | $293,000 |
$47,000 | $98,000 |
| Debt-To-Income Ratio |
5 | $353,000 |
$70,000 | $177,000 |
$27,000 | $50,000 |
| Employment History |
1 | $70,000 |
$70,000 | $70,000 |
$18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $546,000 |
$182,000 | $361,000 |
$48,000 | $79,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $983,000 |
$140,000 | $234,000 |
$71,000 | $131,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CAROLINA FARM CREDIT, ACA by:
Metropolitan Area And
County
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