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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 WESTERN MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST WESTERN MORTGAGE, INC. |
| Address | 2722 WEST WALNUT
ROGERS, AR 72756 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 509 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,741,000 |
| Average Mortgage Loan Amount Applied For | $125,312 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $77,750 |
| Highest Applicant Income | $505,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
391 | $47,177,000 |
$120,000 | $640,000 |
$64,000 | $505,000 |
| Refinancing |
123 | $16,348,000 |
$132,000 | $650,000 |
$53,000 | $251,000 |
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| American Indian or Alaskan Native |
1 | $105,000 |
$105,000 | $105,000 |
$96,000 | $96,000 |
| Asian |
9 | $889,000 |
$98,000 | $178,000 |
$51,000 | $77,000 |
| Black or African American |
5 | $624,000 |
$124,000 | $157,000 |
$76,000 | $112,000 |
| Hispanic |
30 | $2,540,000 |
$84,000 | $417,000 |
$37,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $136,000 |
$136,000 | $136,000 |
$56,000 | $56,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,126,000 |
$187,000 | $238,000 |
$56,000 | $110,000 |
| White |
462 | $58,105,000 |
$125,000 | $650,000 |
$63,000 | $505,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
416 | $55,873,000 |
$134,000 | $650,000 |
$65,000 | $505,000 |
| FHA-insured (Federal Housing Administration) |
78 | $5,469,000 |
$70,000 | $201,000 |
$41,000 | $121,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $198,000 |
$99,000 | $117,000 |
$47,000 | $52,000 |
| VA-guaranteed (Veterans Administration) |
18 | $1,985,000 |
$110,000 | $242,000 |
$55,000 | $117,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
42 | $3,568,000 |
$84,000 | $238,000 |
$51,000 | $437,000 |
| Application Withdrawn By Applicant |
54 | $5,728,000 |
$106,000 | $283,000 |
$56,000 | $251,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
418 | $54,229,000 |
$129,000 | $650,000 |
$63,000 | $505,000 |
| 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 |
2 | $131,000 |
$65,000 | $69,000 |
$32,000 | $47,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $2,226,000 |
$82,000 | $238,000 |
$44,000 | $87,000 |
| Debt-To-Income Ratio |
3 | $304,000 |
$101,000 | $137,000 |
$22,000 | $25,000 |
| Employment History |
2 | $176,000 |
$88,000 | $125,000 |
$69,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $125,000 |
$41,000 | $53,000 |
$25,000 | $42,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST WESTERN MORTGAGE, INC. by:
Metropolitan Area And
County
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