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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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DOVER MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
DOVER MORTGAGE COMPANY |
| Address | 711 E. MOREHEAD ST.
CHARLOTTE, NC 28202 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,037 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $316,305,000 |
| Average Mortgage Loan Amount Applied For | $155,580 |
| Highest Mortgage Loan Amount Applied For | $1,820,000 |
| Average Applicant Income | $89,703 |
| Highest Applicant Income | $1,505,000 |
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| Home Improvement |
2 | $695,000 |
$347,000 | $495,000 |
$221,000 | $280,000 |
| Home Purchase |
1,618 | $227,724,000 |
$140,000 | $1,820,000 |
$82,000 | $1,505,000 |
| Refinancing |
418 | $88,049,000 |
$210,000 | $1,238,000 |
$100,000 | $981,000 |
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| American Indian or Alaskan Native |
3 | $417,000 |
$139,000 | $181,000 |
$82,000 | $113,000 |
| Asian |
12 | $1,681,000 |
$140,000 | $315,000 |
$88,000 | $171,000 |
| Black or African American |
172 | $22,960,000 |
$133,000 | $376,000 |
$59,000 | $177,000 |
| Hispanic |
149 | $17,119,000 |
$114,000 | $385,000 |
$54,000 | $255,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $193,000 |
$193,000 | $193,000 |
$76,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
39 | $5,595,000 |
$143,000 | $399,000 |
$81,000 | $300,000 |
| White |
1,662 | $268,503,000 |
$161,000 | $1,820,000 |
$91,000 | $1,505,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,490 | $246,680,000 |
$165,000 | $1,820,000 |
$97,000 | $1,505,000 |
| FHA-insured (Federal Housing Administration) |
438 | $52,675,000 |
$120,000 | $212,000 |
$53,000 | $774,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
26 | $3,107,000 |
$119,000 | $289,000 |
$49,000 | $112,000 |
| VA-guaranteed (Veterans Administration) |
84 | $14,006,000 |
$166,000 | $417,000 |
$65,000 | $184,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
21 | $2,411,000 |
$114,000 | $301,000 |
$43,000 | $150,000 |
| Application Withdrawn By Applicant |
147 | $24,821,000 |
$168,000 | $900,000 |
$73,000 | $936,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,870 | $289,236,000 |
$154,000 | $1,820,000 |
$87,000 | $1,505,000 |
| 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 |
2 | $62,000 |
$31,000 | $50,000 |
$50,000 | $50,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $1,278,000 |
$106,000 | $187,000 |
$44,000 | $150,000 |
| Debt-To-Income Ratio |
2 | $304,000 |
$152,000 | $174,000 |
$46,000 | $48,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $767,000 |
$153,000 | $301,000 |
$39,000 | $65,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DOVER MORTGAGE COMPANY by:
Metropolitan Area And
County
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