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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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MEGASTAR FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEGASTAR FINANCIAL |
| Address | 3773 CHERRY CREEK NORTH DR #875
DENVER, CO 80209 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,091 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $909,929,000 |
| Average Mortgage Loan Amount Applied For | $271,834 |
| Highest Mortgage Loan Amount Applied For | $3,290,000 |
| Average Applicant Income | $121,055 |
| Highest Applicant Income | $3,432,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,781 | $578,088,000 |
$207,000 | $3,290,000 |
$85,000 | $3,432,000 |
| Refinancing |
1,326 | $335,421,000 |
$252,000 | $3,000,000 |
$102,000 | $1,860,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $195,000 |
$97,000 | $156,000 |
$59,000 | $59,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
954 | $220,028,000 |
$230,000 | $3,000,000 |
$94,000 | $3,432,000 |
| White |
3,151 | $693,286,000 |
$220,000 | $3,290,000 |
$89,000 | $1,860,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,988 | $892,968,000 |
$223,000 | $3,290,000 |
$92,000 | $3,432,000 |
| FHA-insured (Federal Housing Administration) |
104 | $17,548,000 |
$168,000 | $302,000 |
$30,000 | $99,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
15 | $2,993,000 |
$199,000 | $233,000 |
$41,000 | $126,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
21 | $4,757,000 |
$226,000 | $1,040,000 |
$57,000 | $240,000 |
| Application Withdrawn By Applicant |
146 | $37,386,000 |
$256,000 | $1,885,000 |
$122,000 | $1,289,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3,939 | $871,155,000 |
$221,000 | $3,290,000 |
$89,000 | $3,432,000 |
| 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 |
1 | $211,000 |
$211,000 | $211,000 |
$44,000 | $44,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MEGASTAR FINANCIAL by:
Metropolitan Area And
County
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