|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
HOME FINANCING CENTER, INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
HOME FINANCING CENTER, INC. |
| Address | 1390 S. DIXIE HWY #1104
CORAL GABLES, FL 33146 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 3,006 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $401,058,000 |
| Average Mortgage Loan Amount Applied For | $123,914 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $98,659 |
| Highest Applicant Income | $1,600,000 |
|
|
|
| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
486 | $72,929,000 |
$98,200 | $1,000,000 |
$84,800 | $792,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
2,520 | $328,129,000 |
$134,272 | $1,000,000 |
$82,818 | $1,600,000 |
|
|
| American Indian or Alaskan Native |
1 | $65,000 |
$65,000 | $65,000 |
$66,000 | $66,000 |
| Asian or Pacific Islander |
57 | $7,720,000 |
$135,000 | $300,000 |
$72,000 | $381,000 |
| Black |
308 | $33,604,000 |
$85,333 | $292,000 |
$52,333 | $512,000 |
| Hispanic |
1,124 | $146,507,000 |
$160,000 | $500,000 |
$60,666 | $600,000 |
| Information not provided by applicant in mail or telephone application |
250 | $32,629,000 |
$117,333 | $320,000 |
$46,666 | $294,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $540,000 |
$180,000 | $238,000 |
$104,000 | $181,000 |
| White |
1,263 | $179,993,000 |
$133,500 | $1,000,000 |
$114,125 | $1,600,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,001 | $400,510,000 |
$130,181 | $1,000,000 |
$83,636 | $1,600,000 |
| FHA-insured (Federal Housing Administration) |
5 | $548,000 |
$109,000 | $125,000 |
$39,000 | $83,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
32 | $3,802,000 |
$118,000 | $320,000 |
$45,000 | $120,000 |
| Application Withdrawn By Applicant |
240 | $33,309,000 |
$109,000 | $1,000,000 |
$57,000 | $505,000 |
| File Closed For Incompleteness |
6 | $908,000 |
$151,000 | $309,000 |
$87,000 | $253,000 |
| Loan Originated |
2,728 | $363,039,000 |
$130,181 | $1,000,000 |
$84,454 | $1,600,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
10 | $1,509,000 |
$150,000 | $252,000 |
$61,000 | $87,000 |
| Credit Application Incomplete |
1 | $79,000 |
$79,000 | $79,000 |
$19,000 | $19,000 |
| Credit History |
4 | $361,000 |
$90,000 | $118,000 |
$47,000 | $120,000 |
| Debt-To-Income Ratio |
6 | $663,000 |
$110,000 | $172,000 |
$44,000 | $58,000 |
| Employment History |
1 | $124,000 |
$124,000 | $124,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $445,000 |
$222,000 | $320,000 |
$65,000 | $90,000 |
| Mortgage Insurance Denied |
1 | $99,000 |
$99,000 | $99,000 |
$82,000 | $82,000 |
| Other |
3 | $193,000 |
$64,000 | $75,000 |
$31,000 | $81,000 |
| Unverifiable Information |
4 | $329,000 |
$82,000 | $119,000 |
$37,000 | $65,000 |
|
Mortgage Loan App Totals for HOME FINANCING CENTER, INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
