| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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HOME CONSULTANTS
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME CONSULTANTS |
| Address | 473 EASTON TURNPIKE STE A
LAKE ARIEL, PA 18436 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 1,847 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $355,838,000 |
| Average Mortgage Loan Amount Applied For | $161,585 |
| Highest Mortgage Loan Amount Applied For | $1,140,000 |
| Average Applicant Income | $76,798 |
| Highest Applicant Income | $870,000 |
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| Home Improvement |
1 | $152,000 |
$152,000 | $152,000 |
$82,000 | $82,000 |
| Home Purchase |
825 | $146,779,000 |
$177,000 | $1,100,000 |
$92,000 | $870,000 |
| Refinancing |
1,021 | $208,907,000 |
$204,000 | $1,140,000 |
$84,000 | $699,000 |
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| American Indian or Alaskan Native |
5 | $730,000 |
$146,000 | $278,000 |
$78,000 | $202,000 |
| Asian |
52 | $13,243,000 |
$254,000 | $660,000 |
$106,000 | $247,000 |
| Black or African American |
445 | $77,792,000 |
$174,000 | $570,000 |
$80,000 | $532,000 |
| Hispanic |
226 | $49,811,000 |
$220,000 | $960,000 |
$95,000 | $870,000 |
| Native Hawaiin or Other Pacific Islander |
30 | $7,819,000 |
$260,000 | $640,000 |
$130,000 | $440,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
103 | $21,364,000 |
$207,000 | $795,000 |
$90,000 | $500,000 |
| White |
986 | $185,079,000 |
$187,000 | $1,140,000 |
$86,000 | $699,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,528 | $310,566,000 |
$203,000 | $1,140,000 |
$94,000 | $870,000 |
| FHA-insured (Federal Housing Administration) |
306 | $43,188,000 |
$141,000 | $603,000 |
$53,000 | $194,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
13 | $2,084,000 |
$160,000 | $417,000 |
$65,000 | $150,000 |
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| Application Approved But Not Accepted |
21 | $3,492,000 |
$166,000 | $404,000 |
$103,000 | $699,000 |
| Application Denied By Financial Institution |
268 | $61,958,000 |
$231,000 | $960,000 |
$103,000 | $870,000 |
| Application Withdrawn By Applicant |
162 | $32,983,000 |
$203,000 | $925,000 |
$85,000 | $576,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,396 | $257,405,000 |
$184,000 | $1,140,000 |
$85,000 | $672,000 |
| 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 |
3 | $424,000 |
$141,000 | $261,000 |
$260,000 | $685,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $951,000 |
$105,000 | $173,000 |
$68,000 | $121,000 |
| Debt-To-Income Ratio |
10 | $1,722,000 |
$172,000 | $384,000 |
$81,000 | $162,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $382,000 |
$191,000 | $288,000 |
$95,000 | $137,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
241 | $57,983,000 |
$240,000 | $960,000 |
$103,000 | $870,000 |
| Unverifiable Information |
3 | $496,000 |
$165,000 | $271,000 |
$92,000 | $94,000 |
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Mortgage Loan Application Totals for HOME CONSULTANTS by:
Metropolitan Area And
County
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