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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 PREFRENCE MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST PREFRENCE MORTGAGE CORP |
| Address | 800 WASHINGTON AVENUE
WACO, TX 76701 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 3,960 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $495,011,000 |
| Average Mortgage Loan Amount Applied For | $130,102 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $78,170 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,781 | $313,740,000 |
$244,333 | $1,520,000 |
$131,333 | $1,200,000 |
| Refinancing |
1,233 | $187,902,000 |
$159,666 | $1,680,000 |
$56,666 | $660,000 |
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| American Indian or Alaskan Native |
21 | $2,572,000 |
$122,000 | $240,000 |
$65,000 | $161,000 |
| Asian |
172 | $21,807,000 |
$126,000 | $398,000 |
$84,000 | $360,000 |
| Black or African American |
313 | $38,106,000 |
$121,000 | $519,000 |
$68,000 | $310,000 |
| Hispanic |
664 | $67,244,000 |
$101,000 | $650,000 |
$58,000 | $1,140,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $3,146,000 |
$174,000 | $650,000 |
$95,000 | $309,000 |
| Not applicable |
1 | $48,000 |
$48,000 | $48,000 |
$47,000 | $47,000 |
| Not Provided |
90 | $13,994,000 |
$131,000 | $740,000 |
$95,500 | $1,155,000 |
| White |
2,735 | $354,725,000 |
$173,333 | $1,680,000 |
$79,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,661 | $347,978,000 |
$183,333 | $1,680,000 |
$89,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
743 | $72,610,000 |
$97,000 | $193,000 |
$37,000 | $185,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
610 | $81,054,000 |
$157,666 | $350,000 |
$74,666 | $283,000 |
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| Application Approved But Not Accepted |
9 | $378,000 |
$42,000 | $69,000 |
$73,000 | $180,000 |
| Application Denied By Financial Institution |
214 | $24,508,000 |
$114,000 | $800,000 |
$78,000 | $312,000 |
| Application Withdrawn By Applicant |
1,082 | $142,187,000 |
$173,666 | $1,680,000 |
$75,333 | $1,200,000 |
| File Closed For Incompleteness |
312 | $39,762,000 |
$127,000 | $1,000,000 |
$78,000 | $1,200,000 |
| Loan Originated |
2,397 | $294,807,000 |
$114,000 | $664,000 |
$76,500 | $1,155,000 |
| 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 |
17 | $2,800,000 |
$164,000 | $800,000 |
$92,000 | $226,000 |
| Credit Application Incomplete |
3 | $209,000 |
$69,000 | $120,000 |
$160,000 | $255,000 |
| Credit History |
60 | $6,433,000 |
$107,000 | $316,000 |
$61,000 | $243,000 |
| Debt-To-Income Ratio |
62 | $6,762,000 |
$109,000 | $359,000 |
$73,000 | $198,000 |
| Employment History |
14 | $1,539,000 |
$109,000 | $375,000 |
$82,000 | $252,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $715,000 |
$102,000 | $235,000 |
$73,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
44 | $5,010,000 |
$113,000 | $488,000 |
$93,000 | $312,000 |
| Unverifiable Information |
7 | $1,040,000 |
$148,000 | $295,000 |
$97,000 | $135,000 |
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Mortgage Loan App Totals for FIRST PREFRENCE MORTGAGE CORP by:
Metropolitan Area And
County
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