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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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GOLD STAR MORTGAGE FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
GOLD STAR MORTGAGE FINANCIAL |
| Address | 1819 W. STADIUM BLVD.
ANN ARBOR, MI 48103 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 249 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,755,000 |
| Average Mortgage Loan Amount Applied For | $216,192 |
| Highest Mortgage Loan Amount Applied For | $780,000 |
| Average Applicant Income | $165,307 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
286 | $48,657,000 |
$170,000 | $780,000 |
$152,000 | $3,900,000 |
| Refinancing |
207 | $40,072,000 |
$193,000 | $650,000 |
$106,000 | $580,000 |
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| American Indian or Alaskan Native |
1 | $131,000 |
$131,000 | $131,000 |
$144,000 | $144,000 |
| Asian |
14 | $2,851,000 |
$203,000 | $520,000 |
$103,000 | $214,000 |
| Black or African American |
11 | $1,166,000 |
$106,000 | $233,000 |
$111,000 | $286,000 |
| Hispanic |
10 | $1,495,000 |
$149,000 | $343,000 |
$111,000 | $185,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $211,000 |
$105,000 | $188,000 |
$78,000 | $78,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
128 | $25,002,000 |
$195,000 | $580,000 |
$133,000 | $2,500,000 |
| White |
327 | $57,873,000 |
$176,000 | $780,000 |
$135,000 | $3,900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
486 | $87,564,000 |
$180,000 | $780,000 |
$133,000 | $3,900,000 |
| FHA-insured (Federal Housing Administration) |
5 | $731,000 |
$146,000 | $183,000 |
$76,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $434,000 |
$217,000 | $234,000 |
$80,000 | $90,000 |
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| Application Approved But Not Accepted |
2 | $501,000 |
$250,000 | $316,000 |
$103,000 | $120,000 |
| Application Denied By Financial Institution |
1 | $58,000 |
$58,000 | $58,000 |
$25,000 | $25,000 |
| Application Withdrawn By Applicant |
19 | $4,603,000 |
$242,000 | $621,000 |
$102,000 | $260,000 |
| File Closed For Incompleteness |
1 | $353,000 |
$353,000 | $353,000 |
$90,000 | $90,000 |
| Loan Originated |
468 | $82,737,000 |
$176,000 | $780,000 |
$134,000 | $3,900,000 |
| 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 |
2 | $477,000 |
$238,000 | $417,000 |
$108,000 | $116,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GOLD STAR MORTGAGE FINANCIAL by:
Metropolitan Area And
County
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