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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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HOME FINANCING CENTER INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME FINANCING CENTER INC. |
| Address | 5200 BLUE LAGOON DR. SUITE 100
MIAMI, FL 33126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 801 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $139,557,000 |
| Average Mortgage Loan Amount Applied For | $147,838 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $73,387 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
3 | $306,000 |
$102,000 | $156,000 |
$58,000 | $85,000 |
| Home Purchase |
276 | $44,856,000 |
$162,000 | $800,000 |
$69,000 | $600,000 |
| Refinancing |
559 | $101,136,000 |
$180,000 | $693,000 |
$71,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
16 | $2,814,000 |
$175,000 | $255,000 |
$86,000 | $178,000 |
| Black or African American |
244 | $36,030,000 |
$147,000 | $500,000 |
$59,000 | $203,000 |
| Hispanic |
308 | $54,699,000 |
$177,000 | $512,000 |
$70,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,231,000 |
$246,000 | $417,000 |
$85,000 | $142,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $750,000 |
$187,000 | $350,000 |
$76,000 | $119,000 |
| White |
261 | $50,774,000 |
$194,000 | $800,000 |
$78,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
838 | $146,298,000 |
$174,000 | $800,000 |
$70,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
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| Application Approved But Not Accepted |
1 | $103,000 |
$103,000 | $103,000 |
$30,000 | $30,000 |
| Application Denied By Financial Institution |
54 | $8,702,000 |
$161,000 | $800,000 |
$75,000 | $600,000 |
| Application Withdrawn By Applicant |
29 | $4,907,000 |
$169,000 | $465,000 |
$67,000 | $176,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
754 | $132,586,000 |
$175,000 | $693,000 |
$70,000 | $360,000 |
| 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 |
8 | $766,000 |
$95,000 | $167,000 |
$83,000 | $130,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $1,712,000 |
$190,000 | $800,000 |
$133,000 | $600,000 |
| Debt-To-Income Ratio |
9 | $1,181,000 |
$131,000 | $184,000 |
$48,000 | $133,000 |
| Employment History |
2 | $347,000 |
$173,000 | $184,000 |
$79,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $264,000 |
$132,000 | $184,000 |
$50,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $3,776,000 |
$179,000 | $417,000 |
$61,000 | $131,000 |
| Unverifiable Information |
3 | $656,000 |
$218,000 | $250,000 |
$75,000 | $103,000 |
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Mortgage Loan App Totals for HOME FINANCING CENTER INC. by:
Metropolitan Area And
County
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