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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 CHOICE MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST CHOICE MORTGAGE, INC. |
| Address | 217 DAVIS ROAD
AUGUSTA, GA 30907 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 166 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,364,000 |
| Average Mortgage Loan Amount Applied For | $97,950 |
| Highest Mortgage Loan Amount Applied For | $594,000 |
| Average Applicant Income | $48,150 |
| Highest Applicant Income | $588,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
164 | $17,201,000 |
$104,000 | $594,000 |
$55,000 | $588,000 |
| Refinancing |
2 | $163,000 |
$81,000 | $88,000 |
$25,000 | $32,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $128,000 |
$128,000 | $128,000 |
$19,000 | $19,000 |
| Black or African American |
89 | $9,871,000 |
$110,000 | $356,000 |
$55,000 | $240,000 |
| Hispanic |
1 | $66,000 |
$66,000 | $66,000 |
$22,000 | $22,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $719,000 |
$89,000 | $161,000 |
$99,000 | $588,000 |
| White |
67 | $6,580,000 |
$98,000 | $594,000 |
$50,000 | $139,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
77 | $8,263,000 |
$107,000 | $594,000 |
$69,000 | $588,000 |
| FHA-insured (Federal Housing Administration) |
69 | $6,501,000 |
$94,000 | $239,000 |
$39,000 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
20 | $2,600,000 |
$130,000 | $221,000 |
$53,000 | $99,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
38 | $4,119,000 |
$108,000 | $594,000 |
$61,000 | $588,000 |
| Application Withdrawn By Applicant |
120 | $12,555,000 |
$104,000 | $356,000 |
$53,000 | $240,000 |
| File Closed For Incompleteness |
8 | $690,000 |
$86,000 | $131,000 |
$44,000 | $54,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
1 | $38,000 |
$38,000 | $38,000 |
$47,000 | $47,000 |
| Credit Application Incomplete |
1 | $99,000 |
$99,000 | $99,000 |
$34,000 | $34,000 |
| Credit History |
15 | $1,461,000 |
$97,000 | $183,000 |
$38,000 | $73,000 |
| Debt-To-Income Ratio |
3 | $508,000 |
$169,000 | $289,000 |
$55,000 | $74,000 |
| Employment History |
1 | $79,000 |
$79,000 | $79,000 |
$34,000 | $34,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $659,000 |
$94,000 | $121,000 |
$46,000 | $86,000 |
| Unverifiable Information |
1 | $38,000 |
$38,000 | $38,000 |
$73,000 | $73,000 |
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Mortgage Loan App Totals for FIRST CHOICE MORTGAGE, INC. by:
Metropolitan Area And
County
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