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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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GUIDANCE RESIDENTIAL, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GUIDANCE RESIDENTIAL, LLC |
| Address | 11109 SUNSET HILLS RD, SUITE 200
RESTON, VA 20190 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,075 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $565,833,000 |
| Average Mortgage Loan Amount Applied For | $237,481 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $105,072 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,209 | $328,177,000 |
$271,000 | $2,000,000 |
$103,000 | $1,500,000 |
| Refinancing |
868 | $238,566,000 |
$274,000 | $1,440,000 |
$101,000 | $1,200,000 |
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| American Indian or Alaskan Native |
2 | $406,000 |
$203,000 | $289,000 |
$82,000 | $119,000 |
| Asian |
1,138 | $333,433,000 |
$292,000 | $2,000,000 |
$108,000 | $616,000 |
| Black or African American |
221 | $46,603,000 |
$210,000 | $635,000 |
$76,000 | $336,000 |
| Hispanic |
17 | $3,469,000 |
$204,000 | $563,000 |
$68,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,728,000 |
$345,000 | $498,000 |
$231,000 | $660,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,375,000 |
$229,000 | $470,000 |
$97,000 | $168,000 |
| White |
688 | $179,729,000 |
$261,000 | $976,000 |
$101,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,077 | $566,743,000 |
$272,000 | $2,000,000 |
$102,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
213 | $59,409,000 |
$278,000 | $960,000 |
$97,000 | $330,000 |
| Application Denied By Financial Institution |
94 | $27,021,000 |
$287,000 | $1,715,000 |
$101,000 | $864,000 |
| Application Withdrawn By Applicant |
389 | $110,106,000 |
$283,000 | $2,000,000 |
$104,000 | $1,200,000 |
| File Closed For Incompleteness |
344 | $97,452,000 |
$283,000 | $960,000 |
$96,000 | $660,000 |
| Loan Originated |
1,007 | $262,562,000 |
$260,000 | $1,425,000 |
$105,000 | $1,500,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
23 | $8,288,000 |
$360,000 | $844,000 |
$123,000 | $360,000 |
| Preapproval Denied by Financial Institution |
7 | $1,905,000 |
$272,000 | $745,000 |
$85,000 | $220,000 |
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| Collateral |
14 | $3,074,000 |
$219,000 | $488,000 |
$102,000 | $252,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
38 | $10,277,000 |
$270,000 | $1,715,000 |
$82,000 | $616,000 |
| Debt-To-Income Ratio |
18 | $5,706,000 |
$317,000 | $673,000 |
$66,000 | $142,000 |
| Employment History |
2 | $997,000 |
$498,000 | $685,000 |
$143,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $2,655,000 |
$531,000 | $1,615,000 |
$184,000 | $600,000 |
| Mortgage Insurance Denied |
15 | $3,532,000 |
$235,000 | $560,000 |
$152,000 | $864,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $780,000 |
$390,000 | $555,000 |
$162,000 | $240,000 |
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Mortgage Loan App Totals for GUIDANCE RESIDENTIAL, LLC by:
Metropolitan Area And
County
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