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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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COMMONSENSE MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMONSENSE MORTGAGE, INC. |
| Address | 3450 LEXINGTON AVE N
SHOREVIEW, MN 55126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 462 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $74,592,000 |
| Average Mortgage Loan Amount Applied For | $148,216 |
| Highest Mortgage Loan Amount Applied For | $850,000 |
| Average Applicant Income | $60,738 |
| Highest Applicant Income | $1,371,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
169 | $23,294,000 |
$134,285 | $750,000 |
$68,571 | $420,000 |
| Refinancing |
294 | $51,358,000 |
$169,818 | $850,000 |
$65,090 | $1,371,000 |
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| American Indian or Alaskan Native |
1 | $176,000 |
$176,000 | $176,000 |
$44,000 | $44,000 |
| Asian |
9 | $1,572,000 |
$191,333 | $297,000 |
$85,666 | $168,000 |
| Black or African American |
35 | $5,813,000 |
$141,000 | $450,000 |
$54,333 | $137,000 |
| Hispanic |
46 | $7,772,000 |
$177,800 | $444,000 |
$68,400 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
124 | $20,251,000 |
$174,500 | $850,000 |
$68,625 | $1,009,000 |
| White |
248 | $39,068,000 |
$148,181 | $750,000 |
$63,818 | $1,371,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
463 | $74,652,000 |
$156,916 | $850,000 |
$63,833 | $1,371,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
126 | $20,636,000 |
$146,545 | $850,000 |
$54,727 | $437,000 |
| Application Withdrawn By Applicant |
148 | $25,427,000 |
$179,800 | $750,000 |
$77,000 | $420,000 |
| File Closed For Incompleteness |
1 | $181,000 |
$181,000 | $181,000 |
$56,000 | $56,000 |
| Loan Originated |
188 | $28,408,000 |
$168,500 | $775,000 |
$72,875 | $1,371,000 |
| 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 |
41 | $7,095,000 |
$168,888 | $850,000 |
$57,555 | $202,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
28 | $4,136,000 |
$140,428 | $395,000 |
$43,857 | $121,000 |
| Debt-To-Income Ratio |
3 | $917,000 |
$305,666 | $750,000 |
$65,000 | $96,000 |
| Employment History |
3 | $493,000 |
$149,000 | $218,000 |
$33,500 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $156,000 |
$156,000 | $156,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
45 | $6,932,000 |
$150,000 | $434,000 |
$64,571 | $437,000 |
| Unverifiable Information |
5 | $907,000 |
$177,500 | $308,000 |
$96,000 | $240,000 |
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Mortgage Loan App Totals for COMMONSENSE MORTGAGE, INC. by:
Metropolitan Area And
County
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