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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 HOME MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST HOME MORTGAGE |
| Address | 8003 CORPORATE DRIVE SUITE A
BALTIMORE, MD 21236 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,258 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $943,534,000 |
| Average Mortgage Loan Amount Applied For | $202,684 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $101,010 |
| Highest Applicant Income | $2,215,000 |
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| Home Improvement |
7 | $390,000 |
$55,000 | $100,000 |
$29,000 | $87,000 |
| Home Purchase |
2,622 | $564,262,000 |
$215,000 | $2,000,000 |
$100,000 | $1,027,000 |
| Refinancing |
1,629 | $378,882,000 |
$232,000 | $2,400,000 |
$102,000 | $2,215,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
62 | $12,846,000 |
$207,000 | $587,000 |
$151,000 | $675,000 |
| Black or African American |
1,112 | $227,866,000 |
$204,000 | $1,360,000 |
$93,000 | $674,000 |
| Hispanic |
143 | $28,143,000 |
$196,000 | $969,000 |
$81,000 | $250,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $4,190,000 |
$220,000 | $500,000 |
$82,000 | $180,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
203 | $43,744,000 |
$215,000 | $2,400,000 |
$96,000 | $1,203,000 |
| White |
2,719 | $626,745,000 |
$230,000 | $2,327,000 |
$104,000 | $2,215,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,864 | $862,989,000 |
$223,000 | $2,400,000 |
$104,000 | $2,215,000 |
| FHA-insured (Federal Housing Administration) |
278 | $53,633,000 |
$192,000 | $368,000 |
$65,000 | $217,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
50 | $9,823,000 |
$196,000 | $370,000 |
$53,000 | $87,000 |
| VA-guaranteed (Veterans Administration) |
66 | $17,089,000 |
$258,000 | $417,000 |
$78,000 | $170,000 |
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| Application Approved But Not Accepted |
8 | $1,331,000 |
$166,000 | $333,000 |
$79,000 | $180,000 |
| Application Denied By Financial Institution |
22 | $3,636,000 |
$165,000 | $417,000 |
$61,000 | $175,000 |
| Application Withdrawn By Applicant |
754 | $170,317,000 |
$225,000 | $2,400,000 |
$108,000 | $1,203,000 |
| File Closed For Incompleteness |
8 | $2,135,000 |
$266,000 | $680,000 |
$98,000 | $240,000 |
| Loan Originated |
3,466 | $766,115,000 |
$221,000 | $2,000,000 |
$99,000 | $2,215,000 |
| 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 |
1 | $265,000 |
$265,000 | $265,000 |
$143,000 | $143,000 |
| Credit Application Incomplete |
10 | $2,120,000 |
$212,000 | $417,000 |
$65,000 | $175,000 |
| Credit History |
6 | $304,000 |
$50,000 | $101,000 |
$56,000 | $84,000 |
| Debt-To-Income Ratio |
3 | $459,000 |
$153,000 | $209,000 |
$21,000 | $63,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $488,000 |
$244,000 | $400,000 |
$77,000 | $110,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST HOME MORTGAGE by:
Metropolitan Area And
County
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