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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 MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMESTEAD MORTGAGE CORPORATION |
| Address | 8 PINE TREE DRIVE, SUITE 200
ARDEN HILLS, MN 55112 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 748 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $113,964,000 |
| Average Mortgage Loan Amount Applied For | $141,258 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $77,225 |
| Highest Applicant Income | $912,000 |
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| Home Improvement |
4 | $747,000 |
$186,000 | $292,000 |
$67,000 | $104,000 |
| Home Purchase |
424 | $57,448,000 |
$135,000 | $650,000 |
$83,000 | $396,000 |
| Refinancing |
320 | $55,769,000 |
$174,000 | $900,000 |
$78,000 | $912,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
12 | $1,558,000 |
$129,000 | $359,000 |
$80,000 | $187,000 |
| Black or African American |
24 | $3,850,000 |
$160,000 | $495,000 |
$71,000 | $225,000 |
| Hispanic |
21 | $2,609,000 |
$124,000 | $307,000 |
$69,000 | $194,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $203,000 |
$203,000 | $203,000 |
$84,000 | $84,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
24 | $4,383,000 |
$182,000 | $399,000 |
$108,000 | $355,000 |
| White |
666 | $101,361,000 |
$152,000 | $900,000 |
$80,000 | $912,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
745 | $113,459,000 |
$152,000 | $900,000 |
$81,000 | $912,000 |
| FHA-insured (Federal Housing Administration) |
2 | $376,000 |
$188,000 | $230,000 |
$80,000 | $89,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $129,000 |
$129,000 | $129,000 |
$37,000 | $37,000 |
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| Application Approved But Not Accepted |
67 | $14,751,000 |
$220,000 | $900,000 |
$83,000 | $912,000 |
| Application Denied By Financial Institution |
19 | $3,705,000 |
$195,000 | $800,000 |
$56,000 | $157,000 |
| Application Withdrawn By Applicant |
24 | $3,790,000 |
$157,000 | $288,000 |
$79,000 | $256,000 |
| File Closed For Incompleteness |
11 | $2,813,000 |
$255,000 | $495,000 |
$78,000 | $225,000 |
| Loan Originated |
627 | $88,905,000 |
$141,000 | $650,000 |
$81,000 | $475,000 |
| 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 |
6 | $1,081,000 |
$180,000 | $317,000 |
$63,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,078,000 |
$154,000 | $315,000 |
$66,000 | $126,000 |
| 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 HOMESTEAD MORTGAGE CORPORATION by:
Metropolitan Area And
County
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