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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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CLASSIC HOME LENDING, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CLASSIC HOME LENDING, INC. |
| Address | 10850 RICHMOND AVE., #175
HOUSTON, TX 77042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 996 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $92,003,000 |
| Average Mortgage Loan Amount Applied For | $96,783 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $59,591 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,168 | $106,658,000 |
$101,320 | $640,000 |
$86,040 | $900,000 |
| Refinancing |
132 | $15,464,000 |
$123,062 | $1,000,000 |
$62,562 | $349,000 |
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| American Indian or Alaskan Native |
3 | $245,000 |
$78,000 | $115,000 |
$41,500 | $83,000 |
| Asian |
23 | $2,129,000 |
$133,142 | $413,000 |
$50,857 | $348,000 |
| Black or African American |
172 | $14,535,000 |
$97,571 | $374,000 |
$67,214 | $516,000 |
| Hispanic |
353 | $28,224,000 |
$90,615 | $560,000 |
$46,615 | $241,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $95,000 |
$47,000 | $62,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
83 | $9,155,000 |
$152,545 | $423,000 |
$72,636 | $397,000 |
| White |
664 | $67,739,000 |
$106,280 | $1,000,000 |
$85,400 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,284 | $120,197,000 |
$106,678 | $1,000,000 |
$83,178 | $900,000 |
| FHA-insured (Federal Housing Administration) |
7 | $800,000 |
$112,000 | $140,000 |
$38,000 | $53,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
9 | $1,125,000 |
$129,400 | $158,000 |
$40,400 | $70,000 |
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| Application Approved But Not Accepted |
72 | $7,394,000 |
$111,636 | $494,000 |
$67,909 | $301,000 |
| Application Denied By Financial Institution |
179 | $19,355,000 |
$121,812 | $599,000 |
$85,750 | $414,000 |
| Application Withdrawn By Applicant |
166 | $17,301,000 |
$107,529 | $560,000 |
$59,176 | $348,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
882 | $77,977,000 |
$99,818 | $1,000,000 |
$80,136 | $900,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $95,000 |
$95,000 | $95,000 |
$43,000 | $43,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
23 | $4,719,000 |
$131,571 | $599,000 |
$65,857 | $414,000 |
| Credit Application Incomplete |
3 | $632,000 |
$195,500 | $386,000 |
$184,500 | $282,000 |
| Credit History |
74 | $6,205,000 |
$99,900 | $238,000 |
$42,900 | $243,000 |
| Debt-To-Income Ratio |
26 | $2,034,000 |
$78,833 | $150,000 |
$68,833 | $397,000 |
| 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 |
35 | $4,008,000 |
$126,857 | $423,000 |
$82,000 | $180,000 |
| Unverifiable Information |
5 | $392,000 |
$66,750 | $200,000 |
$96,000 | $120,000 |
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Mortgage Loan App Totals for CLASSIC HOME LENDING, INC. by:
Metropolitan Area And
County
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