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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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GILPIN FINANCIAL SERVICES, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GILPIN FINANCIAL SERVICES, INC |
| Address | 1400 NORTH DUPONT STREET
WILMINGTON, DE 19806 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,148 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $214,479,000 |
| Average Mortgage Loan Amount Applied For | $169,833 |
| Highest Mortgage Loan Amount Applied For | $830,000 |
| Average Applicant Income | $78,333 |
| Highest Applicant Income | $687,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,062 | $200,095,000 |
$188,000 | $830,000 |
$76,000 | $687,000 |
| Refinancing |
86 | $14,384,000 |
$167,000 | $408,000 |
$81,000 | $300,000 |
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| American Indian or Alaskan Native |
1 | $325,000 |
$325,000 | $325,000 |
$99,000 | $99,000 |
| Asian |
34 | $7,760,000 |
$228,000 | $800,000 |
$102,000 | $376,000 |
| Black or African American |
124 | $22,943,000 |
$185,000 | $398,000 |
$61,000 | $159,000 |
| Hispanic |
43 | $7,261,000 |
$168,000 | $296,000 |
$56,000 | $97,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,046,000 |
$209,000 | $288,000 |
$73,000 | $115,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $3,324,000 |
$221,000 | $416,000 |
$102,000 | $178,000 |
| White |
926 | $171,820,000 |
$185,000 | $830,000 |
$78,000 | $687,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
924 | $169,300,000 |
$183,000 | $830,000 |
$80,000 | $687,000 |
| FHA-insured (Federal Housing Administration) |
112 | $20,237,000 |
$180,000 | $275,000 |
$58,000 | $116,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
112 | $24,942,000 |
$222,000 | $398,000 |
$64,000 | $165,000 |
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| Application Approved But Not Accepted |
4 | $516,000 |
$129,000 | $272,000 |
$72,000 | $150,000 |
| Application Denied By Financial Institution |
22 | $3,218,000 |
$146,000 | $216,000 |
$50,000 | $105,000 |
| Application Withdrawn By Applicant |
69 | $12,262,000 |
$177,000 | $398,000 |
$74,000 | $217,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,053 | $198,483,000 |
$188,000 | $830,000 |
$77,000 | $687,000 |
| 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 | $190,000 |
$190,000 | $190,000 |
$40,000 | $40,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $227,000 |
$113,000 | $132,000 |
$52,000 | $73,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GILPIN FINANCIAL SERVICES, INC by:
Metropolitan Area And
County
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