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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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CENTENNIAL MORTGAGE & FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
CENTENNIAL MORTGAGE & FUNDING |
| Address | 5001 AMERICAN BLVD W
BLOOMINGTON, MN 55437 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,985 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $422,177,000 |
| Average Mortgage Loan Amount Applied For | $131,709 |
| Highest Mortgage Loan Amount Applied For | $3,400,000 |
| Average Applicant Income | $73,017 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
3 | $173,000 |
$57,000 | $69,000 |
$69,000 | $121,000 |
| Home Purchase |
1,977 | $255,250,000 |
$129,000 | $1,950,000 |
$70,000 | $1,200,000 |
| Refinancing |
1,005 | $166,754,000 |
$165,000 | $3,400,000 |
$81,000 | $686,000 |
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| American Indian or Alaskan Native |
13 | $1,126,000 |
$86,000 | $210,000 |
$48,000 | $67,000 |
| Asian |
105 | $18,046,000 |
$171,000 | $760,000 |
$72,000 | $278,000 |
| Black or African American |
253 | $33,736,000 |
$133,000 | $1,000,000 |
$78,000 | $483,000 |
| Hispanic |
126 | $17,767,000 |
$141,000 | $329,000 |
$69,000 | $713,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $496,000 |
$248,000 | $279,000 |
$64,000 | $65,000 |
| Not applicable |
3 | $396,000 |
$132,000 | $232,000 |
$42,000 | $64,000 |
| Not Provided |
97 | $17,843,000 |
$183,000 | $3,400,000 |
$91,000 | $686,000 |
| White |
2,386 | $332,767,000 |
$139,000 | $1,950,000 |
$73,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,801 | $400,077,000 |
$142,000 | $3,400,000 |
$76,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
174 | $20,294,000 |
$116,000 | $269,000 |
$45,000 | $207,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,806,000 |
$180,000 | $287,000 |
$52,000 | $71,000 |
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| Application Approved But Not Accepted |
378 | $50,810,000 |
$134,000 | $720,000 |
$85,000 | $558,000 |
| Application Denied By Financial Institution |
188 | $27,642,000 |
$147,000 | $551,000 |
$89,000 | $713,000 |
| Application Withdrawn By Applicant |
226 | $36,762,000 |
$162,000 | $3,400,000 |
$75,000 | $483,000 |
| File Closed For Incompleteness |
172 | $23,757,000 |
$138,000 | $1,125,000 |
$93,000 | $526,000 |
| Loan Originated |
2,021 | $283,206,000 |
$140,000 | $1,950,000 |
$68,000 | $1,200,000 |
| 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 |
11 | $2,017,000 |
$183,000 | $411,000 |
$49,000 | $136,000 |
| Credit Application Incomplete |
3 | $400,000 |
$133,000 | $248,000 |
$155,000 | $189,000 |
| Credit History |
18 | $2,397,000 |
$133,000 | $290,000 |
$76,000 | $204,000 |
| Debt-To-Income Ratio |
5 | $1,026,000 |
$205,000 | $270,000 |
$51,000 | $89,000 |
| Employment History |
8 | $1,426,000 |
$178,000 | $440,000 |
$73,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $2,737,000 |
$130,000 | $500,000 |
$157,000 | $713,000 |
| Unverifiable Information |
5 | $266,000 |
$53,000 | $134,000 |
$149,000 | $175,000 |
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Mortgage Loan App Totals for CENTENNIAL MORTGAGE & FUNDING by:
Metropolitan Area And
County
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