|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
GULF ATLANTIC FUNDING GROUP, I
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
GULF ATLANTIC FUNDING GROUP, I |
| Address | 5400 SOUTH UNIVERSITY DR., BLDG. L #603
DAVIE, FL 33328 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 191 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,450,000 |
| Average Mortgage Loan Amount Applied For | $216,368 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $64,789 |
| Highest Applicant Income | $804,000 |
|
|
|
| Home Improvement |
3 | $108,000 |
$36,000 | $43,000 |
$71,000 | $98,000 |
| Home Purchase |
129 | $28,063,000 |
$217,000 | $1,500,000 |
$77,000 | $804,000 |
| Refinancing |
59 | $12,279,000 |
$208,000 | $488,000 |
$64,000 | $254,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $813,000 |
$203,000 | $285,000 |
$43,000 | $100,000 |
| Black or African American |
46 | $9,634,000 |
$209,000 | $612,000 |
$66,000 | $162,000 |
| Hispanic |
39 | $8,543,000 |
$219,000 | $339,000 |
$60,000 | $135,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
102 | $21,460,000 |
$210,000 | $1,500,000 |
$83,000 | $804,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
102 | $22,686,000 |
$222,000 | $1,500,000 |
$85,000 | $804,000 |
| FHA-insured (Federal Housing Administration) |
16 | $2,207,000 |
$137,000 | $284,000 |
$52,000 | $168,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
73 | $15,557,000 |
$213,000 | $419,000 |
$62,000 | $162,000 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
13 | $2,382,000 |
$183,000 | $260,000 |
$64,000 | $168,000 |
| Application Withdrawn By Applicant |
57 | $13,295,000 |
$233,000 | $1,500,000 |
$91,000 | $804,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
121 | $24,773,000 |
$204,000 | $488,000 |
$66,000 | $305,000 |
| 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 |
|
|
| Collateral |
1 | $140,000 |
$140,000 | $140,000 |
$33,000 | $33,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
7 | $1,302,000 |
$186,000 | $233,000 |
$72,000 | $168,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $379,000 |
$189,000 | $260,000 |
$60,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $561,000 |
$187,000 | $260,000 |
$56,000 | $78,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for GULF ATLANTIC FUNDING GROUP, I by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
