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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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MORTGAGE SOLUTIONS OF COLORADO
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE SOLUTIONS OF COLORADO |
| Address | 5455 N UNION BLV, SUITE 205
COLORADO SPRINGS, CO 80918 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,112 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $179,307,000 |
| Average Mortgage Loan Amount Applied For | $168,913 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $92,568 |
| Highest Applicant Income | $539,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
419 | $70,386,000 |
$167,000 | $938,000 |
$73,000 | $539,000 |
| Refinancing |
733 | $114,774,000 |
$156,000 | $950,000 |
$73,000 | $460,000 |
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| American Indian or Alaskan Native |
12 | $1,849,000 |
$154,000 | $257,000 |
$56,000 | $114,000 |
| Asian |
7 | $1,261,000 |
$180,000 | $241,000 |
$58,000 | $113,000 |
| Black or African American |
45 | $7,092,000 |
$157,000 | $432,000 |
$62,000 | $132,000 |
| Hispanic |
155 | $24,423,000 |
$157,000 | $472,000 |
$61,000 | $192,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,511,000 |
$188,000 | $355,000 |
$75,000 | $113,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
925 | $149,024,000 |
$161,000 | $950,000 |
$76,000 | $539,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
491 | $73,486,000 |
$149,000 | $950,000 |
$93,000 | $539,000 |
| FHA-insured (Federal Housing Administration) |
550 | $91,701,000 |
$166,000 | $414,000 |
$58,000 | $210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
111 | $19,973,000 |
$179,000 | $417,000 |
$58,000 | $173,000 |
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| Application Approved But Not Accepted |
60 | $8,857,000 |
$147,000 | $432,000 |
$68,000 | $156,000 |
| Application Denied By Financial Institution |
62 | $10,068,000 |
$162,000 | $480,000 |
$65,000 | $190,000 |
| Application Withdrawn By Applicant |
56 | $10,749,000 |
$191,000 | $950,000 |
$89,000 | $408,000 |
| File Closed For Incompleteness |
19 | $3,202,000 |
$168,000 | $414,000 |
$74,000 | $269,000 |
| Loan Originated |
955 | $152,284,000 |
$159,000 | $938,000 |
$73,000 | $539,000 |
| 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 | $326,000 |
$163,000 | $193,000 |
$64,000 | $78,000 |
| Credit Application Incomplete |
1 | $184,000 |
$184,000 | $184,000 |
$59,000 | $59,000 |
| Credit History |
27 | $4,431,000 |
$164,000 | $282,000 |
$61,000 | $144,000 |
| Debt-To-Income Ratio |
17 | $2,956,000 |
$173,000 | $480,000 |
$72,000 | $190,000 |
| Employment History |
4 | $544,000 |
$136,000 | $213,000 |
$51,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $190,000 |
$95,000 | $152,000 |
$44,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
9 | $1,437,000 |
$159,000 | $258,000 |
$74,000 | $177,000 |
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Mortgage Loan App Totals for MORTGAGE SOLUTIONS OF COLORADO by:
Metropolitan Area And
County
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