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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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HOMEBOUND MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMEBOUND MORTGAGE |
| Address | 150 WATER TOWER CIR
COLCHESTER, VT 05446 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 2,068 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $402,176,000 |
| Average Mortgage Loan Amount Applied For | $167,645 |
| Highest Mortgage Loan Amount Applied For | $2,720,000 |
| Average Applicant Income | $77,245 |
| Highest Applicant Income | $1,594,000 |
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| Home Improvement |
5 | $162,000 |
$28,750 | $50,000 |
$79,500 | $144,000 |
| Home Purchase |
761 | $152,861,000 |
$183,545 | $2,720,000 |
$79,590 | $1,500,000 |
| Refinancing |
1,478 | $279,931,000 |
$168,465 | $1,000,000 |
$78,511 | $1,594,000 |
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| American Indian or Alaskan Native |
10 | $1,125,000 |
$112,500 | $214,000 |
$39,900 | $76,000 |
| Asian |
73 | $17,013,000 |
$181,565 | $1,173,000 |
$87,608 | $606,000 |
| Black or African American |
57 | $8,794,000 |
$150,947 | $500,000 |
$63,473 | $147,000 |
| Hispanic |
54 | $9,370,000 |
$159,000 | $500,000 |
$57,238 | $202,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $874,000 |
$143,000 | $200,000 |
$118,250 | $260,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,084 | $212,839,000 |
$171,090 | $1,072,000 |
$77,863 | $1,328,000 |
| White |
960 | $182,939,000 |
$172,977 | $2,720,000 |
$78,113 | $1,594,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,206 | $427,846,000 |
$172,909 | $2,720,000 |
$78,909 | $1,594,000 |
| FHA-insured (Federal Housing Administration) |
31 | $4,247,000 |
$139,722 | $240,000 |
$14,333 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $861,000 |
$133,800 | $257,000 |
$19,000 | $78,000 |
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| Application Approved But Not Accepted |
266 | $49,195,000 |
$172,878 | $650,000 |
$76,829 | $262,000 |
| Application Denied By Financial Institution |
194 | $35,696,000 |
$164,837 | $2,720,000 |
$65,135 | $1,500,000 |
| Application Withdrawn By Applicant |
678 | $150,047,000 |
$185,068 | $1,500,000 |
$79,500 | $1,594,000 |
| File Closed For Incompleteness |
8 | $1,263,000 |
$154,857 | $334,000 |
$87,714 | $132,000 |
| Loan Originated |
1,073 | $193,821,000 |
$163,731 | $560,000 |
$79,512 | $1,328,000 |
| Loan Purchased By The Institution |
10 | $1,184,000 |
$121,750 | $209,000 |
$88,500 | $239,000 |
| Preapproval Approved but not Accepted |
3 | $347,000 |
$115,000 | $119,000 |
$42,000 | $45,000 |
| Preapproval Denied by Financial Institution |
12 | $1,401,000 |
$116,000 | $180,000 |
$30,000 | $57,000 |
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| Collateral |
36 | $6,101,000 |
$171,636 | $376,000 |
$78,500 | $261,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
74 | $12,746,000 |
$168,689 | $2,720,000 |
$70,827 | $1,500,000 |
| Debt-To-Income Ratio |
54 | $10,361,000 |
$163,520 | $592,000 |
$54,080 | $180,000 |
| Employment History |
2 | $360,000 |
$180,000 | $300,000 |
$106,500 | $185,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $155,000 |
$155,000 | $155,000 |
$77,000 | $77,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,256,000 |
$218,750 | $486,000 |
$67,250 | $180,000 |
| Unverifiable Information |
5 | $1,356,000 |
$276,250 | $584,000 |
$139,750 | $300,000 |
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Mortgage Loan App Totals for HOMEBOUND MORTGAGE by:
Metropolitan Area And
County
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