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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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MILLENNIUM FINANCIAL GROUP INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILLENNIUM FINANCIAL GROUP INC |
| Address | PO BOX 1250
MIDDLETOWN, MD 21769 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 228 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,385,000 |
| Average Mortgage Loan Amount Applied For | $213,147 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $84,676 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
5 | $759,000 |
$151,000 | $275,000 |
$66,000 | $131,000 |
| Home Purchase |
206 | $32,748,000 |
$158,000 | $519,000 |
$69,000 | $395,000 |
| Refinancing |
140 | $33,400,000 |
$238,000 | $1,300,000 |
$91,000 | $1,500,000 |
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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 |
8 | $1,689,000 |
$211,000 | $380,000 |
$53,000 | $138,000 |
| Hispanic |
20 | $3,428,000 |
$171,000 | $412,000 |
$68,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
65 | $12,773,000 |
$196,000 | $1,300,000 |
$78,000 | $736,000 |
| White |
258 | $49,017,000 |
$189,000 | $1,150,000 |
$79,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
339 | $64,927,000 |
$191,000 | $1,300,000 |
$79,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
8 | $1,282,000 |
$160,000 | $204,000 |
$42,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $698,000 |
$174,000 | $259,000 |
$53,000 | $94,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
17 | $4,108,000 |
$241,000 | $1,300,000 |
$139,000 | $736,000 |
| Application Withdrawn By Applicant |
123 | $21,430,000 |
$174,000 | $1,150,000 |
$71,000 | $274,000 |
| File Closed For Incompleteness |
5 | $1,005,000 |
$201,000 | $320,000 |
$55,000 | $71,000 |
| Loan Originated |
206 | $40,364,000 |
$195,000 | $648,000 |
$77,000 | $1,500,000 |
| 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 |
2 | $201,000 |
$100,000 | $102,000 |
$44,000 | $45,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,982,000 |
$180,000 | $259,000 |
$62,000 | $151,000 |
| Debt-To-Income Ratio |
3 | $1,605,000 |
$535,000 | $1,300,000 |
$514,000 | $736,000 |
| 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 MILLENNIUM FINANCIAL GROUP INC by:
Metropolitan Area And
County
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