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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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CONTINENTAL HOME LOANS INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
CONTINENTAL HOME LOANS INC |
| Address | 290 BROADHOLLOW ROAD, SUITE 201
MELVILLE, NY 11747 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,644 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $358,325,000 |
| Average Mortgage Loan Amount Applied For | $216,272 |
| Highest Mortgage Loan Amount Applied For | $2,210,000 |
| Average Applicant Income | $75,909 |
| Highest Applicant Income | $2,592,000 |
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| Home Improvement |
1 | $318,000 |
$318,000 | $318,000 |
$157,000 | $157,000 |
| Home Purchase |
1,155 | $240,974,000 |
$208,000 | $2,210,000 |
$96,000 | $1,555,000 |
| Refinancing |
492 | $117,443,000 |
$238,000 | $1,500,000 |
$123,000 | $2,592,000 |
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| American Indian or Alaskan Native |
4 | $713,000 |
$178,000 | $320,000 |
$99,000 | $153,000 |
| Asian |
36 | $6,766,000 |
$187,000 | $640,000 |
$100,000 | $250,000 |
| Black or African American |
209 | $43,569,000 |
$208,000 | $646,000 |
$77,000 | $300,000 |
| Hispanic |
213 | $45,941,000 |
$215,000 | $564,000 |
$78,000 | $204,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $2,403,000 |
$400,000 | $1,000,000 |
$259,000 | $534,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $4,031,000 |
$223,000 | $674,000 |
$121,000 | $415,000 |
| White |
1,162 | $255,312,000 |
$219,000 | $2,210,000 |
$113,000 | $2,592,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,434 | $312,120,000 |
$217,000 | $2,210,000 |
$112,000 | $2,592,000 |
| FHA-insured (Federal Housing Administration) |
185 | $41,508,000 |
$224,000 | $478,000 |
$52,000 | $157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $371,000 |
$371,000 | $371,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
28 | $4,736,000 |
$169,000 | $342,000 |
$52,000 | $116,000 |
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| Application Approved But Not Accepted |
100 | $24,302,000 |
$243,000 | $1,500,000 |
$107,000 | $864,000 |
| Application Denied By Financial Institution |
47 | $7,858,000 |
$167,000 | $424,000 |
$71,000 | $240,000 |
| Application Withdrawn By Applicant |
298 | $68,596,000 |
$230,000 | $1,000,000 |
$95,000 | $752,000 |
| File Closed For Incompleteness |
27 | $6,556,000 |
$242,000 | $646,000 |
$103,000 | $504,000 |
| Loan Originated |
1,175 | $251,348,000 |
$213,000 | $2,210,000 |
$108,000 | $2,592,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $75,000 |
$75,000 | $75,000 |
$59,000 | $59,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
7 | $989,000 |
$141,000 | $312,000 |
$93,000 | $240,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $836,000 |
$139,000 | $242,000 |
$51,000 | $80,000 |
| Debt-To-Income Ratio |
18 | $2,989,000 |
$166,000 | $363,000 |
$66,000 | $180,000 |
| Employment History |
5 | $955,000 |
$191,000 | $306,000 |
$65,000 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,001,000 |
$250,000 | $412,000 |
$88,000 | $155,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $520,000 |
$130,000 | $225,000 |
$44,000 | $95,000 |
| Unverifiable Information |
2 | $144,000 |
$72,000 | $121,000 |
$113,000 | $113,000 |
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Mortgage Loan App Totals for CONTINENTAL HOME LOANS INC by:
Metropolitan Area And
County
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