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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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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 24402-0899 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 703 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $119,826,000 |
| Average Mortgage Loan Amount Applied For | $163,765 |
| Highest Mortgage Loan Amount Applied For | $2,308,000 |
| Average Applicant Income | $105,418 |
| Highest Applicant Income | $2,313,000 |
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| Home Improvement |
121 | $13,159,000 |
$108,000 | $926,000 |
$111,000 | $1,209,000 |
| Home Purchase |
368 | $58,468,000 |
$158,000 | $1,600,000 |
$92,000 | $2,077,000 |
| Refinancing |
409 | $77,702,000 |
$189,000 | $2,308,000 |
$115,000 | $2,313,000 |
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| American Indian or Alaskan Native |
3 | $572,000 |
$190,000 | $274,000 |
$105,000 | $231,000 |
| Asian |
3 | $1,402,000 |
$467,000 | $732,000 |
$1,224,000 | $2,313,000 |
| Black or African American |
16 | $1,941,000 |
$121,000 | $282,000 |
$58,000 | $112,000 |
| Hispanic |
12 | $1,633,000 |
$136,000 | $420,000 |
$68,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $45,000 |
$45,000 | $45,000 |
$32,000 | $32,000 |
| Not applicable |
6 | $2,247,000 |
$374,000 | $1,600,000 |
$325,000 | $610,000 |
| Not Provided |
99 | $17,364,000 |
$175,000 | $720,000 |
$75,000 | $1,380,000 |
| White |
758 | $124,125,000 |
$163,000 | $2,308,000 |
$105,000 | $2,077,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
893 | $148,737,000 |
$166,000 | $2,308,000 |
$106,000 | $2,313,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $592,000 |
$118,000 | $139,000 |
$36,000 | $49,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
6 | $887,000 |
$147,000 | $358,000 |
$165,000 | $564,000 |
| Application Denied By Financial Institution |
75 | $10,963,000 |
$146,000 | $1,200,000 |
$58,000 | $348,000 |
| Application Withdrawn By Applicant |
136 | $26,871,000 |
$197,000 | $1,600,000 |
$83,000 | $1,380,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
681 | $110,608,000 |
$162,000 | $2,308,000 |
$114,000 | $2,313,000 |
| 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 |
5 | $774,000 |
$154,000 | $285,000 |
$47,000 | $84,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
42 | $5,289,000 |
$125,000 | $500,000 |
$49,000 | $123,000 |
| Debt-To-Income Ratio |
18 | $3,686,000 |
$204,000 | $1,200,000 |
$71,000 | $348,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $824,000 |
$117,000 | $258,000 |
$72,000 | $261,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $390,000 |
$130,000 | $206,000 |
$89,000 | $200,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FARM CREDIT OF THE VIRGINIAS by:
Metropolitan Area And
County
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