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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 SPECIALISTS
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME LOAN SPECIALISTS |
| Address | 23330 MILL CREEK DR., 2ND FLOOR
LAGUNA HILLS, CA 92653 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,283 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $677,801,000 |
| Average Mortgage Loan Amount Applied For | $243,514 |
| Highest Mortgage Loan Amount Applied For | $2,874,000 |
| Average Applicant Income | $111,738 |
| Highest Applicant Income | $1,440,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
769 | $208,364,000 |
$270,000 | $1,600,000 |
$133,000 | $854,000 |
| Refinancing |
1,514 | $469,437,000 |
$310,000 | $2,874,000 |
$108,000 | $1,440,000 |
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| American Indian or Alaskan Native |
2 | $499,000 |
$249,000 | $256,000 |
$214,000 | $351,000 |
| Asian |
105 | $38,952,000 |
$370,000 | $1,293,000 |
$142,000 | $900,000 |
| Black or African American |
133 | $38,024,000 |
$285,000 | $980,000 |
$90,000 | $662,000 |
| Hispanic |
980 | $257,438,000 |
$262,000 | $2,000,000 |
$95,000 | $731,000 |
| Native Hawaiin or Other Pacific Islander |
22 | $5,831,000 |
$265,000 | $578,000 |
$84,000 | $185,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
495 | $151,214,000 |
$305,000 | $1,500,000 |
$108,000 | $600,000 |
| White |
546 | $185,843,000 |
$340,000 | $2,874,000 |
$165,000 | $1,440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,279 | $676,161,000 |
$296,000 | $2,874,000 |
$117,000 | $1,440,000 |
| FHA-insured (Federal Housing Administration) |
2 | $824,000 |
$412,000 | $468,000 |
$49,000 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $816,000 |
$408,000 | $488,000 |
$112,000 | $144,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
398 | $121,289,000 |
$304,000 | $2,874,000 |
$117,000 | $1,075,000 |
| Application Denied By Financial Institution |
696 | $208,170,000 |
$299,000 | $1,500,000 |
$132,000 | $1,440,000 |
| Application Withdrawn By Applicant |
124 | $36,384,000 |
$293,000 | $1,190,000 |
$116,000 | $456,000 |
| File Closed For Incompleteness |
52 | $20,101,000 |
$386,000 | $2,000,000 |
$150,000 | $780,000 |
| Loan Originated |
1,013 | $291,857,000 |
$288,000 | $2,310,000 |
$104,000 | $731,000 |
| 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 |
82 | $25,146,000 |
$306,000 | $1,295,000 |
$138,000 | $600,000 |
| Credit Application Incomplete |
1 | $288,000 |
$288,000 | $288,000 |
$104,000 | $104,000 |
| Credit History |
291 | $83,384,000 |
$286,000 | $1,460,000 |
$122,000 | $900,000 |
| Debt-To-Income Ratio |
71 | $20,950,000 |
$295,000 | $1,190,000 |
$146,000 | $720,000 |
| Employment History |
51 | $15,027,000 |
$294,000 | $980,000 |
$147,000 | $1,075,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
44 | $15,082,000 |
$342,000 | $1,200,000 |
$120,000 | $360,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
35 | $11,343,000 |
$324,000 | $1,500,000 |
$145,000 | $854,000 |
| Unverifiable Information |
91 | $25,582,000 |
$281,000 | $780,000 |
$114,000 | $365,000 |
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Mortgage Loan App Totals for HOME LOAN SPECIALISTS by:
Metropolitan Area And
County
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