AllMortgageDetail - Mortgage Application Details

Directors Mortgage Company
Mortgage Loan Application
Totals and Details
for 2005

| More
Download the entire list of lenders located in Texas to a Spreadsheet or Other File Type
Mortgage Company & Address Directors Mortgage Company
1845 Precinct Line Road Suite 100
Hurst, TX 76054
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2005  2004  
Total Number of Mortgage Applications 114
Total Mortgage Loan Application Amount $12,274,000
Average Mortgage Loan Application Amount $92,083
Highest Mortgage Loan Application Amount $400,000
Average Applicant Income $115,083
Highest Applicant Income $480,000

Mortgage Loan Application Detail Totals for Directors Mortgage Company in 2005

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Improvement 0 $0 $0 $0 $0 $0
Home Purchase 76 $7,898,000 $103,000 $360,000 $95,000 $416,000
Refinancing 38 $4,376,000 $115,000 $400,000 $103,000 $480,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 4 $334,000 $83,000 $123,000 $64,000 $64,000
Black or African American 16 $1,808,000 $113,000 $156,000 $66,000 $135,000
Hispanic 8 $735,000 $91,000 $150,000 $51,000 $82,000
Native Hawaiin or Other Pacific Islander 3 $502,000 $167,000 $360,000 $105,000 $216,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 6 $539,000 $89,000 $136,000 $80,000 $152,000
White 77 $8,356,000 $108,000 $400,000 $109,000 $480,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 103 $11,267,000 $109,000 $400,000 $110,000 $480,000
FHA-insured (Federal Housing Administration) 11 $1,007,000 $91,000 $136,000 $49,000 $87,000
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

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Application Approved But Not Accepted 13 $1,505,000 $115,000 $290,000 $109,000 $204,000
Application Denied By Financial Institution 5 $589,000 $117,000 $370,000 $93,000 $204,000
Application Withdrawn By Applicant 95 $10,064,000 $105,000 $400,000 $98,000 $480,000
File Closed For Incompleteness 1 $116,000 $116,000 $116,000 $51,000 $51,000
Loan Originated 0 $0 $0 $0 $0 $0
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 1 $52,000 $52,000 $52,000 $43,000 $43,000
Debt-To-Income Ratio 1 $84,000 $84,000 $84,000 $36,000 $36,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 1 $370,000 $370,000 $370,000 $110,000 $110,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 2 $83,000 $41,000 $55,000 $138,000 $204,000
Unverifiable Information 0 $0 $0 $0 $0 $0