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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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HOMESTEAD FINANCIAL SERVICES,
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMESTEAD FINANCIAL SERVICES, |
| Address | P.O. BOX 503
SYRACUSE, NY 13214 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,070 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $99,990,000 |
| Average Mortgage Loan Amount Applied For | $97,500 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $50,785 |
| Highest Applicant Income | $499,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,063 | $99,508,000 |
$93,000 | $500,000 |
$57,000 | $499,000 |
| Refinancing |
7 | $482,000 |
$68,000 | $121,000 |
$28,000 | $59,000 |
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| American Indian or Alaskan Native |
2 | $139,000 |
$69,000 | $89,000 |
$27,000 | $42,000 |
| Asian |
10 | $977,000 |
$97,000 | $219,000 |
$69,000 | $120,000 |
| Black or African American |
29 | $2,019,000 |
$69,000 | $153,000 |
$40,000 | $134,000 |
| Hispanic |
16 | $1,097,000 |
$68,000 | $94,000 |
$41,000 | $95,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $37,000 |
$37,000 | $37,000 |
$25,000 | $25,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
16 | $1,498,000 |
$93,000 | $215,000 |
$52,000 | $148,000 |
| White |
996 | $94,223,000 |
$94,000 | $500,000 |
$58,000 | $499,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
356 | $35,922,000 |
$100,000 | $500,000 |
$76,000 | $499,000 |
| FHA-insured (Federal Housing Administration) |
607 | $54,334,000 |
$89,000 | $305,000 |
$48,000 | $139,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
61 | $4,548,000 |
$74,000 | $178,000 |
$41,000 | $80,000 |
| VA-guaranteed (Veterans Administration) |
46 | $5,186,000 |
$112,000 | $265,000 |
$52,000 | $99,000 |
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| Application Approved But Not Accepted |
14 | $1,189,000 |
$84,000 | $180,000 |
$58,000 | $122,000 |
| Application Denied By Financial Institution |
77 | $6,813,000 |
$88,000 | $260,000 |
$47,000 | $109,000 |
| Application Withdrawn By Applicant |
71 | $6,972,000 |
$98,000 | $500,000 |
$54,000 | $361,000 |
| File Closed For Incompleteness |
93 | $8,116,000 |
$87,000 | $285,000 |
$52,000 | $280,000 |
| Loan Originated |
815 | $76,900,000 |
$94,000 | $417,000 |
$59,000 | $499,000 |
| 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 |
15 | $1,313,000 |
$87,000 | $129,000 |
$47,000 | $85,000 |
| Credit Application Incomplete |
1 | $78,000 |
$78,000 | $78,000 |
$109,000 | $109,000 |
| Credit History |
22 | $1,770,000 |
$80,000 | $148,000 |
$42,000 | $79,000 |
| Debt-To-Income Ratio |
22 | $2,366,000 |
$107,000 | $260,000 |
$43,000 | $107,000 |
| Employment History |
2 | $175,000 |
$87,000 | $121,000 |
$72,000 | $93,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $245,000 |
$61,000 | $79,000 |
$44,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $381,000 |
$127,000 | $232,000 |
$41,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HOMESTEAD FINANCIAL SERVICES, by:
Metropolitan Area And
County
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