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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 SERVICES OF AMERIC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARM CREDIT SERVICES OF AMERIC |
| Address | 5015 SOUTH 118TH STREET
OMAHA, NE 68137 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 975 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $145,363,000 |
| Average Mortgage Loan Amount Applied For | $148,730 |
| Highest Mortgage Loan Amount Applied For | $1,275,000 |
| Average Applicant Income | $140,858 |
| Highest Applicant Income | $5,428,000 |
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| Home Improvement |
203 | $18,292,000 |
$90,000 | $550,000 |
$238,000 | $5,428,000 |
| Home Purchase |
983 | $143,894,000 |
$146,000 | $893,000 |
$89,000 | $5,354,000 |
| Refinancing |
641 | $108,451,000 |
$169,000 | $1,275,000 |
$107,000 | $2,026,000 |
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| American Indian or Alaskan Native |
6 | $1,065,000 |
$177,000 | $425,000 |
$139,000 | $519,000 |
| Asian |
1 | $153,000 |
$153,000 | $153,000 |
$69,000 | $69,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
7 | $1,090,000 |
$155,000 | $525,000 |
$66,000 | $143,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
14 | $1,148,000 |
$82,000 | $250,000 |
$717,000 | $5,428,000 |
| Not Provided |
41 | $5,423,000 |
$132,000 | $1,000,000 |
$103,000 | $547,000 |
| White |
1,758 | $261,758,000 |
$148,000 | $1,275,000 |
$107,000 | $5,354,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,827 | $270,637,000 |
$148,000 | $1,275,000 |
$112,000 | $5,428,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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| Application Approved But Not Accepted |
340 | $51,311,000 |
$150,000 | $1,100,000 |
$105,000 | $2,026,000 |
| Application Denied By Financial Institution |
121 | $20,159,000 |
$166,000 | $1,000,000 |
$72,000 | $460,000 |
| Application Withdrawn By Applicant |
34 | $5,313,000 |
$156,000 | $455,000 |
$168,000 | $1,012,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
951 | $143,000,000 |
$150,000 | $1,275,000 |
$140,000 | $5,428,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
59 | $9,466,000 |
$160,000 | $480,000 |
$46,000 | $336,000 |
| Preapproval Denied by Financial Institution |
322 | $41,388,000 |
$128,000 | $525,000 |
$59,000 | $1,243,000 |
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| Collateral |
9 | $1,324,000 |
$147,000 | $248,000 |
$191,000 | $1,243,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
152 | $16,295,000 |
$107,000 | $350,000 |
$60,000 | $585,000 |
| Debt-To-Income Ratio |
225 | $35,201,000 |
$156,000 | $1,000,000 |
$56,000 | $428,000 |
| Employment History |
3 | $233,000 |
$77,000 | $95,000 |
$32,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $360,000 |
$90,000 | $124,000 |
$42,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
43 | $5,876,000 |
$136,000 | $420,000 |
$75,000 | $460,000 |
| Unverifiable Information |
5 | $1,568,000 |
$313,000 | $1,000,000 |
$85,000 | $211,000 |
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Mortgage Loan App Totals for FARM CREDIT SERVICES OF AMERIC by:
Metropolitan Area And
County
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