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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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CUSTOM MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
CUSTOM MORTGAGE |
| Address | 1712 N. MERIDIAN
INDIANAPOLIS, IN 46202 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,012 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $104,945,000 |
| Average Mortgage Loan Amount Applied For | $104,772 |
| Highest Mortgage Loan Amount Applied For | $363,000 |
| Average Applicant Income | $39,609 |
| Highest Applicant Income | $219,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
518 | $56,036,000 |
$123,166 | $255,000 |
$49,500 | $182,000 |
| Refinancing |
497 | $49,293,000 |
$104,285 | $363,000 |
$25,714 | $219,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,073,000 |
$165,500 | $212,000 |
$87,000 | $150,000 |
| Black or African American |
102 | $11,002,000 |
$142,600 | $230,000 |
$45,000 | $129,000 |
| Hispanic |
37 | $3,236,000 |
$97,666 | $244,000 |
$27,000 | $83,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
216 | $24,340,000 |
$111,200 | $363,000 |
$39,400 | $198,000 |
| White |
654 | $65,678,000 |
$103,571 | $327,000 |
$32,714 | $219,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
376 | $37,130,000 |
$109,714 | $363,000 |
$42,428 | $219,000 |
| FHA-insured (Federal Housing Administration) |
591 | $62,885,000 |
$121,200 | $230,000 |
$37,200 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $361,000 |
$72,000 | $116,000 |
$33,000 | $49,000 |
| VA-guaranteed (Veterans Administration) |
43 | $4,953,000 |
$112,200 | $255,000 |
$33,600 | $153,000 |
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| Application Approved But Not Accepted |
18 | $1,754,000 |
$103,666 | $166,000 |
$23,666 | $60,000 |
| Application Denied By Financial Institution |
168 | $16,320,000 |
$113,166 | $261,000 |
$34,833 | $129,000 |
| Application Withdrawn By Applicant |
164 | $17,915,000 |
$107,833 | $363,000 |
$34,833 | $182,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
665 | $69,340,000 |
$116,166 | $286,000 |
$40,500 | $219,000 |
| 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 |
28 | $2,910,000 |
$104,000 | $261,000 |
$60,400 | $129,000 |
| Credit Application Incomplete |
4 | $244,000 |
$67,000 | $86,000 |
$26,000 | $46,000 |
| Credit History |
57 | $5,173,000 |
$83,000 | $212,000 |
$27,333 | $80,000 |
| Debt-To-Income Ratio |
49 | $5,238,000 |
$143,250 | $230,000 |
$38,250 | $108,000 |
| Employment History |
9 | $783,000 |
$110,000 | $155,000 |
$44,500 | $107,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $566,000 |
$90,500 | $153,000 |
$49,000 | $63,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $945,000 |
$97,500 | $125,000 |
$29,250 | $65,000 |
| Unverifiable Information |
3 | $315,000 |
$129,000 | $201,000 |
$64,500 | $106,000 |
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Mortgage Loan App Totals for CUSTOM MORTGAGE by:
Metropolitan Area And
County
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