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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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DRAGAS MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
DRAGAS MORTGAGE COMPANY |
| Address | 4532 BONNEY ROAD, SUITE C
VIRGINIA BEACH, VA 23462 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 310 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,922,000 |
| Average Mortgage Loan Amount Applied For | $215,166 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $506,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
308 | $67,420,000 |
$218,000 | $417,000 |
$87,000 | $506,000 |
| Refinancing |
2 | $502,000 |
$251,000 | $252,000 |
$55,000 | $65,000 |
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| American Indian or Alaskan Native |
6 | $908,000 |
$151,000 | $273,000 |
$91,000 | $110,000 |
| Asian |
19 | $4,638,000 |
$244,000 | $394,000 |
$82,000 | $226,000 |
| Black or African American |
48 | $10,608,000 |
$221,000 | $399,000 |
$88,000 | $285,000 |
| Hispanic |
9 | $2,354,000 |
$261,000 | $410,000 |
$81,000 | $108,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $849,000 |
$169,000 | $266,000 |
$110,000 | $116,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $807,000 |
$201,000 | $270,000 |
$80,000 | $104,000 |
| White |
219 | $47,758,000 |
$218,000 | $417,000 |
$86,000 | $506,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
219 | $41,666,000 |
$190,000 | $417,000 |
$88,000 | $506,000 |
| FHA-insured (Federal Housing Administration) |
10 | $2,693,000 |
$269,000 | $303,000 |
$81,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
81 | $23,563,000 |
$290,000 | $399,000 |
$82,000 | $127,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
11 | $2,497,000 |
$227,000 | $313,000 |
$55,000 | $111,000 |
| Application Withdrawn By Applicant |
46 | $10,026,000 |
$217,000 | $417,000 |
$98,000 | $506,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
253 | $55,399,000 |
$218,000 | $410,000 |
$86,000 | $324,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $212,000 |
$212,000 | $212,000 |
$44,000 | $44,000 |
| Credit History |
2 | $469,000 |
$234,000 | $281,000 |
$75,000 | $111,000 |
| Debt-To-Income Ratio |
8 | $1,816,000 |
$227,000 | $313,000 |
$51,000 | $106,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DRAGAS MORTGAGE COMPANY by:
Metropolitan Area And
County
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