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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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MIRAD FINANCIAL GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIRAD FINANCIAL GROUP |
| Address | 613 WEST VALLEY PARKWAY 305
ESCONDIDO, CA 92025 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,444 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $365,553,000 |
| Average Mortgage Loan Amount Applied For | $258,782 |
| Highest Mortgage Loan Amount Applied For | $1,820,000 |
| Average Applicant Income | $87,695 |
| Highest Applicant Income | $1,275,000 |
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| Home Improvement |
66 | $17,306,000 |
$262,000 | $889,000 |
$101,000 | $420,000 |
| Home Purchase |
947 | $224,352,000 |
$236,000 | $1,300,000 |
$87,000 | $1,275,000 |
| Refinancing |
431 | $123,895,000 |
$287,000 | $1,820,000 |
$113,000 | $724,000 |
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| American Indian or Alaskan Native |
7 | $1,725,000 |
$246,000 | $504,000 |
$34,000 | $120,000 |
| Asian |
222 | $62,106,000 |
$279,000 | $889,000 |
$88,000 | $600,000 |
| Black or African American |
73 | $17,674,000 |
$242,000 | $1,200,000 |
$119,000 | $720,000 |
| Hispanic |
763 | $181,137,000 |
$237,000 | $1,300,000 |
$71,000 | $552,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $3,512,000 |
$250,000 | $561,000 |
$99,000 | $265,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
38 | $8,794,000 |
$231,000 | $684,000 |
$95,000 | $270,000 |
| White |
327 | $90,605,000 |
$277,000 | $1,820,000 |
$155,000 | $1,275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,444 | $365,553,000 |
$253,000 | $1,820,000 |
$96,000 | $1,275,000 |
| 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 |
269 | $78,440,000 |
$291,000 | $1,300,000 |
$111,000 | $720,000 |
| Application Denied By Financial Institution |
119 | $33,632,000 |
$282,000 | $1,000,000 |
$95,000 | $284,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
2 | $504,000 |
$252,000 | $429,000 |
$24,000 | $48,000 |
| Loan Originated |
1,054 | $252,977,000 |
$240,000 | $1,820,000 |
$92,000 | $1,275,000 |
| 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 |
5 | $546,000 |
$109,000 | $148,000 |
$28,000 | $90,000 |
| Credit Application Incomplete |
47 | $10,824,000 |
$230,000 | $627,000 |
$113,000 | $284,000 |
| Credit History |
20 | $7,037,000 |
$351,000 | $1,000,000 |
$91,000 | $276,000 |
| Debt-To-Income Ratio |
12 | $5,100,000 |
$425,000 | $848,000 |
$123,000 | $239,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $2,077,000 |
$259,000 | $568,000 |
$59,000 | $120,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $6,253,000 |
$297,000 | $616,000 |
$63,000 | $173,000 |
| Unverifiable Information |
6 | $1,795,000 |
$299,000 | $620,000 |
$123,000 | $215,000 |
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Mortgage Loan App Totals for MIRAD FINANCIAL GROUP by:
Metropolitan Area And
County
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