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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 PRIORITY MORTGAGE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST PRIORITY MORTGAGE, INC |
| Address | 6000 SHERIDAN DRIVE
WILLIAMSVILLE, NY 14221 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,744 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $211,457,000 |
| Average Mortgage Loan Amount Applied For | $123,307 |
| Highest Mortgage Loan Amount Applied For | $792,000 |
| Average Applicant Income | $62,794 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,649 | $199,384,000 |
$120,000 | $792,000 |
$66,000 | $700,000 |
| Refinancing |
95 | $12,073,000 |
$127,000 | $415,000 |
$64,000 | $200,000 |
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| American Indian or Alaskan Native |
4 | $342,000 |
$85,000 | $106,000 |
$43,000 | $78,000 |
| Asian |
39 | $6,155,000 |
$157,000 | $485,000 |
$70,000 | $238,000 |
| Black or African American |
41 | $4,654,000 |
$113,000 | $272,000 |
$55,000 | $190,000 |
| Hispanic |
36 | $4,095,000 |
$113,000 | $268,000 |
$64,000 | $215,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $388,000 |
$129,000 | $180,000 |
$33,000 | $64,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
17 | $2,501,000 |
$147,000 | $315,000 |
$86,000 | $223,000 |
| White |
1,604 | $193,322,000 |
$120,000 | $792,000 |
$66,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,185 | $155,522,000 |
$131,000 | $792,000 |
$73,000 | $700,000 |
| FHA-insured (Federal Housing Administration) |
501 | $48,074,000 |
$95,000 | $228,000 |
$49,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
58 | $7,861,000 |
$135,000 | $353,000 |
$58,000 | $150,000 |
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| Application Approved But Not Accepted |
30 | $3,976,000 |
$132,000 | $300,000 |
$62,000 | $135,000 |
| Application Denied By Financial Institution |
51 | $5,725,000 |
$112,000 | $304,000 |
$55,000 | $215,000 |
| Application Withdrawn By Applicant |
80 | $8,369,000 |
$104,000 | $326,000 |
$62,000 | $223,000 |
| File Closed For Incompleteness |
11 | $958,000 |
$87,000 | $153,000 |
$48,000 | $73,000 |
| Loan Originated |
1,572 | $192,429,000 |
$122,000 | $792,000 |
$66,000 | $700,000 |
| 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 |
19 | $2,084,000 |
$109,000 | $299,000 |
$60,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $367,000 |
$91,000 | $115,000 |
$54,000 | $87,000 |
| Debt-To-Income Ratio |
11 | $1,208,000 |
$109,000 | $257,000 |
$52,000 | $120,000 |
| Employment History |
2 | $201,000 |
$100,000 | $147,000 |
$42,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $613,000 |
$204,000 | $304,000 |
$75,000 | $118,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $827,000 |
$103,000 | $150,000 |
$48,000 | $215,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST PRIORITY MORTGAGE, INC by:
Metropolitan Area And
County
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