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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 LOAN FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME LOAN FUNDING |
| Address | 16808 ARMSTRONG AVE
IRVINE, CA 92606 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,468 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,133,825,000 |
| Average Mortgage Loan Amount Applied For | $198,594 |
| Highest Mortgage Loan Amount Applied For | $1,853,000 |
| Average Applicant Income | $80,476 |
| Highest Applicant Income | $2,700,000 |
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| Home Improvement |
41 | $10,586,000 |
$258,000 | $1,000,000 |
$90,000 | $197,000 |
| Home Purchase |
907 | $232,306,000 |
$256,000 | $1,348,000 |
$110,000 | $1,440,000 |
| Refinancing |
3,527 | $894,215,000 |
$253,000 | $1,853,000 |
$96,000 | $2,700,000 |
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| American Indian or Alaskan Native |
12 | $1,945,000 |
$162,000 | $400,000 |
$78,000 | $112,000 |
| Asian |
149 | $43,305,000 |
$290,000 | $1,020,000 |
$134,000 | $456,000 |
| Black or African American |
188 | $48,560,000 |
$258,000 | $984,000 |
$116,000 | $464,000 |
| Hispanic |
1,141 | $295,869,000 |
$259,000 | $1,050,000 |
$98,000 | $1,440,000 |
| Native Hawaiin or Other Pacific Islander |
30 | $8,690,000 |
$289,000 | $690,000 |
$82,000 | $182,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,530 | $624,271,000 |
$246,000 | $1,853,000 |
$92,000 | $2,700,000 |
| White |
425 | $114,467,000 |
$269,000 | $1,536,000 |
$118,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,471 | $1,136,331,000 |
$254,000 | $1,853,000 |
$98,000 | $2,700,000 |
| FHA-insured (Federal Housing Administration) |
4 | $776,000 |
$194,000 | $250,000 |
$122,000 | $384,000 |
| 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 |
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| Application Approved But Not Accepted |
396 | $100,691,000 |
$254,000 | $1,028,000 |
$97,000 | $696,000 |
| Application Denied By Financial Institution |
910 | $250,060,000 |
$274,000 | $1,680,000 |
$129,000 | $2,700,000 |
| Application Withdrawn By Applicant |
883 | $229,573,000 |
$259,000 | $1,500,000 |
$98,000 | $1,440,000 |
| File Closed For Incompleteness |
143 | $37,473,000 |
$262,000 | $1,040,000 |
$117,000 | $570,000 |
| Loan Originated |
2,137 | $516,625,000 |
$241,000 | $1,853,000 |
$85,000 | $612,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $1,670,000 |
$556,000 | $1,348,000 |
$171,000 | $358,000 |
| Preapproval Denied by Financial Institution |
3 | $1,015,000 |
$338,000 | $620,000 |
$152,000 | $185,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
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 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HOME LOAN FUNDING by:
Metropolitan Area And
County
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