AllMortgageDetail - Mortgage Application Details

Home Consultants
Mortgage Loan Application
Totals and Details
for 2007

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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 1,454
Total Mortgage Loan Application Amount $307,502,000
Average Mortgage Loan Application Amount $174,139
Highest Mortgage Loan Application Amount $1,485,000
Average Applicant Income $47,133
Highest Applicant Income $646,000

Mortgage Loan Application Detail Totals for Home Consultants in 2007

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 760 $163,241,000 $214,000 $926,000 $59,000 $646,000
Home Purchase 694 $144,261,000 $207,000 $1,485,000 $59,000 $340,000
Home Improvement 0 $0 $0 $0 $0 $0

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 647 $121,528,000 $187,000 $923,000 $84,000 $646,000
Not Provided 414 $97,913,000 $236,000 $1,485,000 $14,000 $300,000
Black or African American 219 $43,985,000 $200,000 $705,000 $69,000 $242,000
Hispanic 78 $19,708,000 $252,000 $750,000 $77,000 $420,000
Not applicable 59 $12,496,000 $211,000 $908,000 $0 $0
Asian 26 $8,536,000 $328,000 $648,000 $111,000 $391,000
Native Hawaiin or Other Pacific Islander 8 $2,750,000 $343,000 $641,000 $132,000 $239,000
American Indian or Alaskan Native 3 $586,000 $195,000 $273,000 $53,000 $56,000

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) 930 $222,735,000 $239,000 $1,485,000 $67,000 $646,000
FHA-insured (Federal Housing Administration) 512 $82,452,000 $161,000 $468,000 $44,000 $291,000
VA-guaranteed (Veterans Administration) 12 $2,315,000 $192,000 $350,000 $46,000 $102,000
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 940 $186,001,000 $197,000 $923,000 $80,000 $646,000
Application Withdrawn By Applicant 402 $96,808,000 $240,000 $1,485,000 $12,000 $296,000
Application Denied By Financial Institution 85 $18,957,000 $223,000 $908,000 $58,000 $300,000
Application Approved But Not Accepted 25 $5,136,000 $205,000 $495,000 $25,000 $174,000
File Closed For Incompleteness 2 $600,000 $300,000 $307,000 $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
Credit History 4 $632,000 $158,000 $266,000 $38,000 $93,000
Debt-To-Income Ratio 4 $565,000 $141,000 $280,000 $39,000 $95,000
Credit Application Incomplete 3 $388,000 $129,000 $242,000 $170,000 $240,000
Collateral 2 $193,000 $96,000 $138,000 $167,000 $250,000
Employment History 2 $334,000 $167,000 $227,000 $76,000 $90,000
Other 1 $203,000 $203,000 $203,000 $60,000 $60,000
Unverifiable Information 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