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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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CERTIFIED HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
CERTIFIED HOME LOANS |
| Address | 7333 CORAL WAY
MIAMI, FL 33155 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 555 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $98,845,000 |
| Average Mortgage Loan Amount Applied For | $138,833 |
| Highest Mortgage Loan Amount Applied For | $749,000 |
| Average Applicant Income | $56,611 |
| Highest Applicant Income | $393,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
415 | $76,510,000 |
$184,000 | $749,000 |
$59,000 | $393,000 |
| Refinancing |
140 | $22,335,000 |
$159,000 | $635,000 |
$68,000 | $263,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $876,000 |
$292,000 | $515,000 |
$102,000 | $132,000 |
| Black or African American |
17 | $2,530,000 |
$148,000 | $361,000 |
$55,000 | $131,000 |
| Hispanic |
504 | $90,721,000 |
$180,000 | $749,000 |
$61,000 | $393,000 |
| 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 |
31 | $4,718,000 |
$152,000 | $475,000 |
$65,000 | $258,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
459 | $85,386,000 |
$186,000 | $749,000 |
$69,000 | $393,000 |
| FHA-insured (Federal Housing Administration) |
95 | $13,253,000 |
$139,000 | $247,000 |
$45,000 | $87,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $206,000 |
$206,000 | $206,000 |
$65,000 | $65,000 |
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| Application Approved But Not Accepted |
104 | $17,898,000 |
$172,000 | $515,000 |
$67,000 | $258,000 |
| Application Denied By Financial Institution |
40 | $7,451,000 |
$186,000 | $526,000 |
$71,000 | $240,000 |
| Application Withdrawn By Applicant |
370 | $65,742,000 |
$177,000 | $749,000 |
$52,000 | $393,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
41 | $7,754,000 |
$189,000 | $576,000 |
$66,000 | $324,000 |
| 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 |
10 | $1,851,000 |
$185,000 | $364,000 |
$64,000 | $120,000 |
| Credit Application Incomplete |
1 | $315,000 |
$315,000 | $315,000 |
$77,000 | $77,000 |
| Credit History |
15 | $2,876,000 |
$191,000 | $480,000 |
$78,000 | $240,000 |
| Debt-To-Income Ratio |
8 | $1,146,000 |
$143,000 | $324,000 |
$53,000 | $87,000 |
| 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 |
4 | $1,116,000 |
$279,000 | $526,000 |
$93,000 | $139,000 |
| Unverifiable Information |
2 | $147,000 |
$73,000 | $117,000 |
$48,000 | $51,000 |
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Mortgage Loan App Totals for CERTIFIED HOME LOANS by:
Metropolitan Area And
County
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