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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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CONSUMER FIRST MORTGAGE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONSUMER FIRST MORTGAGE, INC |
| Address | 1421 VETERANS MEMORIAL PARKWAY
TUSCALOOSA, AL 35404 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 468 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $55,937,000 |
| Average Mortgage Loan Amount Applied For | $120,250 |
| Highest Mortgage Loan Amount Applied For | $630,000 |
| Average Applicant Income | $56,704 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
1 | $40,000 |
$40,000 | $40,000 |
$66,000 | $66,000 |
| Home Purchase |
636 | $73,292,000 |
$155,000 | $614,000 |
$47,500 | $300,000 |
| Refinancing |
260 | $30,604,000 |
$132,333 | $630,000 |
$64,333 | $216,000 |
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| American Indian or Alaskan Native |
1 | $40,000 |
$40,000 | $40,000 |
$18,000 | $18,000 |
| Asian |
4 | $550,000 |
$137,000 | $305,000 |
$42,000 | $118,000 |
| Black or African American |
124 | $10,856,000 |
$78,000 | $323,000 |
$57,333 | $171,000 |
| Hispanic |
5 | $829,000 |
$166,500 | $225,000 |
$74,000 | $108,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
446 | $51,067,000 |
$116,500 | $630,000 |
$47,500 | $216,000 |
| White |
317 | $40,594,000 |
$165,600 | $614,000 |
$55,200 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
577 | $70,972,000 |
$159,200 | $630,000 |
$60,000 | $300,000 |
| FHA-insured (Federal Housing Administration) |
299 | $30,271,000 |
$102,000 | $184,000 |
$41,500 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $202,000 |
$101,000 | $108,000 |
$44,000 | $61,000 |
| VA-guaranteed (Veterans Administration) |
19 | $2,491,000 |
$130,000 | $212,000 |
$61,500 | $146,000 |
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| Application Approved But Not Accepted |
6 | $554,000 |
$92,000 | $143,000 |
$37,000 | $58,000 |
| Application Denied By Financial Institution |
52 | $4,638,000 |
$89,000 | $184,000 |
$44,000 | $120,000 |
| Application Withdrawn By Applicant |
69 | $10,205,000 |
$112,500 | $630,000 |
$76,500 | $216,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
341 | $40,540,000 |
$169,250 | $614,000 |
$60,500 | $300,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
174 | $20,557,000 |
$118,000 | $434,000 |
$54,000 | $200,000 |
| Preapproval Denied by Financial Institution |
255 | $27,442,000 |
$107,000 | $321,000 |
$43,000 | $146,000 |
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| Collateral |
9 | $698,000 |
$76,500 | $153,000 |
$41,500 | $82,000 |
| Credit Application Incomplete |
2 | $254,000 |
$127,000 | $175,000 |
$30,500 | $34,000 |
| Credit History |
248 | $26,021,000 |
$97,000 | $321,000 |
$48,500 | $146,000 |
| Debt-To-Income Ratio |
15 | $1,466,000 |
$102,000 | $184,000 |
$46,000 | $120,000 |
| Employment History |
3 | $304,000 |
$101,000 | $119,000 |
$46,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $178,000 |
$89,000 | $98,000 |
$39,000 | $42,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
26 | $3,015,000 |
$79,500 | $300,000 |
$33,500 | $78,000 |
| Unverifiable Information |
2 | $144,000 |
$72,000 | $81,000 |
$27,500 | $29,000 |
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Mortgage Loan App Totals for CONSUMER FIRST MORTGAGE, INC by:
Metropolitan Area And
County
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