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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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INSTANT CAPITAL FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
INSTANT CAPITAL FUNDING |
| Address | 1045 W KATELLA AVE, STE 390
ORANGE, CA 92867 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 965 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $280,882,000 |
| Average Mortgage Loan Amount Applied For | $257,225 |
| Highest Mortgage Loan Amount Applied For | $1,540,000 |
| Average Applicant Income | $89,596 |
| Highest Applicant Income | $4,673,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
85 | $21,944,000 |
$258,000 | $1,000,000 |
$117,000 | $426,000 |
| Refinancing |
880 | $258,938,000 |
$294,000 | $1,540,000 |
$88,000 | $4,673,000 |
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| American Indian or Alaskan Native |
4 | $927,000 |
$231,000 | $284,000 |
$105,000 | $276,000 |
| Asian |
57 | $18,440,000 |
$323,000 | $694,000 |
$180,000 | $4,673,000 |
| Black or African American |
57 | $16,621,000 |
$291,000 | $713,000 |
$87,000 | $324,000 |
| Hispanic |
362 | $98,687,000 |
$272,000 | $860,000 |
$72,000 | $331,000 |
| Native Hawaiin or Other Pacific Islander |
73 | $23,756,000 |
$325,000 | $1,540,000 |
$91,000 | $360,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
182 | $52,163,000 |
$286,000 | $976,000 |
$94,000 | $480,000 |
| White |
230 | $70,288,000 |
$305,000 | $1,243,000 |
$95,000 | $684,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
965 | $280,882,000 |
$291,000 | $1,540,000 |
$90,000 | $4,673,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
4 | $656,000 |
$164,000 | $300,000 |
$99,000 | $165,000 |
| Application Denied By Financial Institution |
408 | $117,536,000 |
$288,000 | $1,243,000 |
$92,000 | $684,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
553 | $162,690,000 |
$294,000 | $1,540,000 |
$89,000 | $4,673,000 |
| 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 |
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 |
7 | $2,566,000 |
$366,000 | $520,000 |
$136,000 | $420,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for INSTANT CAPITAL FUNDING by:
Metropolitan Area And
County
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