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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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CHARTER MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTER MORTGAGE |
| Address | 705-B WORTHINGTON WOODS BLVD.
WORTHINGTON, OH 43085 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 165 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,104,000 |
| Average Mortgage Loan Amount Applied For | $158,166 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $71,416 |
| Highest Applicant Income | $259,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
169 | $19,295,000 |
$114,000 | $364,000 |
$37,000 | $130,000 |
| Refinancing |
37 | $5,740,000 |
$155,000 | $417,000 |
$65,000 | $259,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
7 | $1,337,000 |
$191,000 | $295,000 |
$70,000 | $216,000 |
| Black or African American |
98 | $10,389,000 |
$106,000 | $364,000 |
$35,000 | $120,000 |
| Hispanic |
4 | $519,000 |
$129,000 | $198,000 |
$20,000 | $50,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $138,000 |
$138,000 | $138,000 |
$30,000 | $30,000 |
| White |
96 | $12,652,000 |
$131,000 | $417,000 |
$48,000 | $259,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
62 | $9,325,000 |
$150,000 | $417,000 |
$53,000 | $259,000 |
| FHA-insured (Federal Housing Administration) |
142 | $15,485,000 |
$109,000 | $237,000 |
$37,000 | $234,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $225,000 |
$112,000 | $138,000 |
$38,000 | $46,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
125 | $14,324,000 |
$114,000 | $380,000 |
$37,000 | $216,000 |
| Application Withdrawn By Applicant |
81 | $10,711,000 |
$132,000 | $417,000 |
$50,000 | $259,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 | $488,000 |
$122,000 | $200,000 |
$52,000 | $81,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
94 | $10,792,000 |
$114,000 | $380,000 |
$35,000 | $189,000 |
| Debt-To-Income Ratio |
5 | $702,000 |
$140,000 | $237,000 |
$42,000 | $59,000 |
| Employment History |
1 | $99,000 |
$99,000 | $99,000 |
$47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
18 | $1,914,000 |
$106,000 | $153,000 |
$42,000 | $216,000 |
| Unverifiable Information |
3 | $329,000 |
$109,000 | $151,000 |
$41,000 | $50,000 |
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Mortgage Loan App Totals for CHARTER MORTGAGE by:
Metropolitan Area And
County
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