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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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MERITLENDING.COM
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERITLENDING.COM |
| Address | 575 ANTON BLVD. #1050
COSTA MESA, CA 92626 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,333 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $504,579,000 |
| Average Mortgage Loan Amount Applied For | $183,187 |
| Highest Mortgage Loan Amount Applied For | $1,995,000 |
| Average Applicant Income | $71,480 |
| Highest Applicant Income | $745,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
181 | $45,399,000 |
$208,500 | $790,000 |
$114,200 | $726,000 |
| Refinancing |
2,152 | $459,180,000 |
$183,428 | $1,995,000 |
$69,857 | $745,000 |
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| American Indian or Alaskan Native |
8 | $1,461,000 |
$186,000 | $288,000 |
$58,500 | $93,000 |
| Asian |
55 | $17,786,000 |
$249,200 | $720,000 |
$102,200 | $240,000 |
| Black or African American |
84 | $20,961,000 |
$218,000 | $1,035,000 |
$79,166 | $400,000 |
| Hispanic |
253 | $67,131,000 |
$189,600 | $750,000 |
$67,800 | $323,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $3,947,000 |
$230,333 | $765,000 |
$101,666 | $318,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,342 | $257,275,000 |
$205,071 | $1,995,000 |
$76,000 | $745,000 |
| White |
577 | $136,018,000 |
$188,615 | $1,500,000 |
$83,076 | $448,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,329 | $503,038,000 |
$198,187 | $1,995,000 |
$81,687 | $745,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $1,541,000 |
$405,000 | $772,000 |
$93,333 | $186,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
271 | $58,258,000 |
$171,700 | $971,000 |
$69,900 | $325,000 |
| Application Withdrawn By Applicant |
823 | $179,992,000 |
$198,083 | $1,500,000 |
$81,166 | $745,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,239 | $266,329,000 |
$192,800 | $1,995,000 |
$76,000 | $726,000 |
| 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 |
90 | $16,336,000 |
$158,100 | $971,000 |
$68,500 | $325,000 |
| Credit Application Incomplete |
1 | $129,000 |
$129,000 | $129,000 |
$27,000 | $27,000 |
| Credit History |
101 | $23,013,000 |
$172,000 | $750,000 |
$71,375 | $260,000 |
| Debt-To-Income Ratio |
24 | $6,058,000 |
$164,666 | $593,000 |
$76,333 | $300,000 |
| Employment History |
27 | $7,352,000 |
$194,750 | $640,000 |
$85,500 | $233,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $2,340,000 |
$188,500 | $660,000 |
$89,250 | $168,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $2,079,000 |
$126,800 | $342,000 |
$57,400 | $106,000 |
| Unverifiable Information |
1 | $440,000 |
$440,000 | $440,000 |
$97,000 | $97,000 |
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Mortgage Loan App Totals for MERITLENDING.COM by:
Metropolitan Area And
County
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