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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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LOANCITY
Mortgage Loans and Application Details
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| Mortgage Company Name |
LOANCITY |
| Address | 5671 SANTA TERESA BOULEVARD
SAN JOSE, CA 95123 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 37,394 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,612,578,000 |
| Average Mortgage Loan Amount Applied For | $180,026 |
| Highest Mortgage Loan Amount Applied For | $2,880,000 |
| Average Applicant Income | $94,598 |
| Highest Applicant Income | $4,800,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
17,330 | $3,707,893,000 |
$213,000 | $2,700,000 |
$114,000 | $4,348,000 |
| Refinancing |
20,064 | $4,904,685,000 |
$244,000 | $2,880,000 |
$102,000 | $4,800,000 |
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| American Indian or Alaskan Native |
112 | $23,270,000 |
$207,000 | $960,000 |
$102,000 | $696,000 |
| Asian |
1,966 | $553,755,000 |
$281,000 | $1,500,000 |
$119,000 | $1,128,000 |
| Black or African American |
2,858 | $603,875,000 |
$211,000 | $2,065,000 |
$87,000 | $4,000,000 |
| Hispanic |
5,395 | $1,199,304,000 |
$222,000 | $2,040,000 |
$93,000 | $2,232,000 |
| Native Hawaiin or Other Pacific Islander |
229 | $55,780,000 |
$243,000 | $1,155,000 |
$104,000 | $595,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,958 | $734,163,000 |
$248,000 | $2,163,000 |
$107,000 | $3,004,000 |
| White |
23,876 | $5,442,431,000 |
$227,000 | $2,880,000 |
$113,000 | $4,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
36,144 | $8,383,687,000 |
$231,000 | $2,880,000 |
$110,000 | $4,800,000 |
| FHA-insured (Federal Housing Administration) |
734 | $123,084,000 |
$167,000 | $368,000 |
$63,000 | $1,440,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
516 | $105,807,000 |
$205,000 | $500,000 |
$58,000 | $314,000 |
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| Application Approved But Not Accepted |
6,149 | $1,420,209,000 |
$230,000 | $1,800,000 |
$105,000 | $3,004,000 |
| Application Denied By Financial Institution |
4,987 | $1,321,623,000 |
$265,000 | $2,880,000 |
$129,000 | $4,000,000 |
| Application Withdrawn By Applicant |
478 | $111,953,000 |
$234,000 | $1,525,000 |
$121,000 | $2,400,000 |
| File Closed For Incompleteness |
2,764 | $648,570,000 |
$234,000 | $2,000,000 |
$111,000 | $1,635,000 |
| Loan Originated |
23,016 | $5,110,223,000 |
$222,000 | $2,000,000 |
$103,000 | $4,800,000 |
| 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 |
740 | $200,122,000 |
$270,000 | $2,000,000 |
$157,000 | $2,232,000 |
| Credit Application Incomplete |
227 | $58,740,000 |
$258,000 | $1,500,000 |
$141,000 | $2,500,000 |
| Credit History |
1,463 | $359,570,000 |
$245,000 | $2,880,000 |
$104,000 | $4,000,000 |
| Debt-To-Income Ratio |
568 | $144,867,000 |
$255,000 | $2,520,000 |
$107,000 | $2,169,000 |
| Employment History |
183 | $56,202,000 |
$307,000 | $1,500,000 |
$161,000 | $912,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
52 | $15,351,000 |
$295,000 | $1,500,000 |
$128,000 | $600,000 |
| Mortgage Insurance Denied |
2 | $233,000 |
$116,000 | $117,000 |
$79,000 | $126,000 |
| Other |
1,007 | $293,088,000 |
$291,000 | $2,520,000 |
$150,000 | $1,699,000 |
| Unverifiable Information |
235 | $71,233,000 |
$303,000 | $2,163,000 |
$161,000 | $1,440,000 |
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Mortgage Loan App Totals for LOANCITY by:
Metropolitan Area And
County
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