AllMortgageDetail - Mortgage Application Details

Home Consultants
Mortgage Loan Application
Totals and Details
for 2006

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Mortgage Company & Address Home Consultants
473 Easton Turnpike Ste A
Lake Ariel, PA 18436
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,847
Total Mortgage Loan Application Amount $355,838,000
Average Mortgage Loan Application Amount $161,585
Highest Mortgage Loan Application Amount $1,140,000
Average Applicant Income $76,798
Highest Applicant Income $870,000

Mortgage Loan Application Detail Totals for Home Consultants in 2006

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 1,021 $208,907,000 $204,000 $1,140,000 $84,000 $699,000
Home Purchase 825 $146,779,000 $177,000 $1,100,000 $92,000 $870,000
Home Improvement 1 $152,000 $152,000 $152,000 $82,000 $82,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 986 $185,079,000 $187,000 $1,140,000 $86,000 $699,000
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
Not Provided 103 $21,364,000 $207,000 $795,000 $90,000 $500,000
Asian 52 $13,243,000 $254,000 $660,000 $106,000 $247,000
Native Hawaiin or Other Pacific Islander 30 $7,819,000 $260,000 $640,000 $130,000 $440,000
American Indian or Alaskan Native 5 $730,000 $146,000 $278,000 $78,000 $202,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
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
VA-guaranteed (Veterans Administration) 13 $2,084,000 $160,000 $417,000 $65,000 $150,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,396 $257,405,000 $184,000 $1,140,000 $85,000 $672,000
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
Application Approved But Not Accepted 21 $3,492,000 $166,000 $404,000 $103,000 $699,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Other 241 $57,983,000 $240,000 $960,000 $103,000 $870,000
Debt-To-Income Ratio 10 $1,722,000 $172,000 $384,000 $81,000 $162,000
Credit History 9 $951,000 $105,000 $173,000 $68,000 $121,000
Collateral 3 $424,000 $141,000 $261,000 $260,000 $685,000
Unverifiable Information 3 $496,000 $165,000 $271,000 $92,000 $94,000
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
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0