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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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FIRST BANCORP MORTGAGE CORPORA
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST BANCORP MORTGAGE CORPORA |
| Address | 11818 ROCK LANDING DRIVE SUITE 100
NEWPORT NEWS, VA 23606 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 485 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,011,000 |
| Average Mortgage Loan Amount Applied For | $159,413 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $81,896 |
| Highest Applicant Income | $533,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
452 | $65,861,000 |
$141,500 | $450,000 |
$83,500 | $533,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
33 | $4,150,000 |
$120,000 | $256,000 |
$54,000 | $250,000 |
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| American Indian or Alaskan Native |
1 | $82,000 |
$82,000 | $82,000 |
$35,000 | $35,000 |
| Asian or Pacific Islander |
11 | $1,076,000 |
$97,000 | $200,000 |
$63,000 | $156,000 |
| Black |
53 | $7,655,000 |
$144,000 | $256,000 |
$60,000 | $142,000 |
| Hispanic |
4 | $879,000 |
$219,000 | $262,000 |
$69,000 | $110,000 |
| Information not provided by applicant in mail or telephone application |
6 | $1,221,000 |
$203,000 | $450,000 |
$76,000 | $141,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $810,000 |
$115,000 | $209,000 |
$58,000 | $85,000 |
| White |
403 | $58,288,000 |
$139,000 | $407,000 |
$78,000 | $533,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
322 | $45,732,000 |
$138,000 | $450,000 |
$80,000 | $533,000 |
| FHA-insured (Federal Housing Administration) |
86 | $10,701,000 |
$124,000 | $218,000 |
$54,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
77 | $13,578,000 |
$176,000 | $279,000 |
$65,000 | $167,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $620,000 |
$88,000 | $188,000 |
$49,000 | $103,000 |
| Application Withdrawn By Applicant |
45 | $6,486,000 |
$144,000 | $273,000 |
$71,000 | $197,000 |
| File Closed For Incompleteness |
6 | $742,000 |
$123,000 | $161,000 |
$53,000 | $65,000 |
| Loan Originated |
427 | $62,163,000 |
$139,500 | $450,000 |
$77,500 | $533,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $19,000 |
$19,000 | $19,000 |
$31,000 | $31,000 |
| Debt-To-Income Ratio |
1 | $49,000 |
$49,000 | $49,000 |
$103,000 | $103,000 |
| Employment History |
1 | $107,000 |
$107,000 | $107,000 |
$47,000 | $47,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $260,000 |
$130,000 | $188,000 |
$42,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $185,000 |
$92,000 | $112,000 |
$40,000 | $58,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST BANCORP MORTGAGE CORPORA by:
Metropolitan Area And
County
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