| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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FARM CREDIT OF THE VIRGINIAS
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARM CREDIT OF THE VIRGINIAS |
| Address | PO BOX 899
STAUNTON, VA 24402 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2008 |
| Data Years (click a year for detail) | 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 1,016 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $203,209,000 |
| Average Mortgage Loan Amount Applied For | $184,737 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $108,093 |
| Highest Applicant Income | $6,585,000 |
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| Home Improvement |
117 | $10,039,000 |
$85,000 | $600,000 |
$86,000 | $896,000 |
| Home Purchase |
313 | $52,054,000 |
$166,000 | $1,180,000 |
$95,000 | $3,018,000 |
| Refinancing |
589 | $141,466,000 |
$240,000 | $9,000,000 |
$193,000 | $6,585,000 |
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| American Indian or Alaskan Native |
2 | $179,000 |
$89,000 | $129,000 |
$72,000 | $93,000 |
| Asian |
5 | $905,000 |
$181,000 | $502,000 |
$81,000 | $154,000 |
| Black or African American |
15 | $3,082,000 |
$205,000 | $600,000 |
$82,000 | $194,000 |
| Hispanic |
6 | $767,000 |
$127,000 | $417,000 |
$112,000 | $226,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
28 | $31,864,000 |
$1,138,000 | $9,000,000 |
$1,095,000 | $6,585,000 |
| Not Provided |
53 | $8,570,000 |
$161,000 | $636,000 |
$78,000 | $380,000 |
| White |
910 | $158,192,000 |
$173,000 | $1,500,000 |
$128,000 | $3,018,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
960 | $195,342,000 |
$203,000 | $9,000,000 |
$157,000 | $6,585,000 |
| FHA-insured (Federal Housing Administration) |
26 | $4,361,000 |
$167,000 | $418,000 |
$52,000 | $97,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
33 | $3,856,000 |
$116,000 | $271,000 |
$50,000 | $453,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
9 | $1,467,000 |
$163,000 | $268,000 |
$65,000 | $147,000 |
| Application Denied By Financial Institution |
129 | $32,138,000 |
$249,000 | $9,000,000 |
$61,000 | $324,000 |
| Application Withdrawn By Applicant |
138 | $28,848,000 |
$209,000 | $1,025,000 |
$79,000 | $579,000 |
| File Closed For Incompleteness |
1 | $100,000 |
$100,000 | $100,000 |
$70,000 | $70,000 |
| Loan Originated |
742 | $141,006,000 |
$190,000 | $8,000,000 |
$181,000 | $6,585,000 |
| 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 |
10 | $2,744,000 |
$274,000 | $1,500,000 |
$82,000 | $324,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
77 | $10,901,000 |
$141,000 | $618,000 |
$63,000 | $211,000 |
| Debt-To-Income Ratio |
30 | $7,205,000 |
$240,000 | $1,300,000 |
$60,000 | $267,000 |
| Employment History |
1 | $120,000 |
$120,000 | $120,000 |
$42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $680,000 |
$226,000 | $520,000 |
$45,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $10,363,000 |
$1,727,000 | $9,000,000 |
$38,000 | $82,000 |
| Unverifiable Information |
2 | $125,000 |
$62,000 | $65,000 |
$24,000 | $31,000 |
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Mortgage Loan Application Totals for FARM CREDIT OF THE VIRGINIAS by:
Metropolitan Area And
County
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