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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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NCL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
NCL MORTGAGE |
| Address | 3101 VIRGINIA BEACH BLVD., SUITE 108
VIRGINIA BEACH, VA 23452-6926 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 161 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,480,000 |
| Average Mortgage Loan Amount Applied For | $218,666 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $95,666 |
| Highest Applicant Income | $297,000 |
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| Home Improvement |
9 | $1,120,000 |
$124,000 | $266,000 |
$108,000 | $162,000 |
| Home Purchase |
127 | $32,990,000 |
$259,000 | $680,000 |
$105,000 | $297,000 |
| Refinancing |
25 | $6,370,000 |
$254,000 | $512,000 |
$96,000 | $184,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $427,000 |
$142,000 | $202,000 |
$101,000 | $125,000 |
| Black or African American |
79 | $19,539,000 |
$247,000 | $539,000 |
$90,000 | $192,000 |
| Hispanic |
3 | $399,000 |
$133,000 | $191,000 |
$53,000 | $57,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $626,000 |
$313,000 | $494,000 |
$94,000 | $129,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $155,000 |
$155,000 | $155,000 |
$28,000 | $28,000 |
| White |
73 | $19,334,000 |
$264,000 | $680,000 |
$122,000 | $297,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
150 | $37,217,000 |
$248,000 | $680,000 |
$104,000 | $297,000 |
| FHA-insured (Federal Housing Administration) |
1 | $250,000 |
$250,000 | $250,000 |
$118,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $3,013,000 |
$301,000 | $357,000 |
$90,000 | $127,000 |
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| Application Approved But Not Accepted |
13 | $3,808,000 |
$292,000 | $478,000 |
$101,000 | $190,000 |
| Application Denied By Financial Institution |
13 | $2,838,000 |
$218,000 | $401,000 |
$76,000 | $167,000 |
| Application Withdrawn By Applicant |
12 | $3,654,000 |
$304,000 | $680,000 |
$115,000 | $277,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
123 | $30,180,000 |
$245,000 | $539,000 |
$106,000 | $297,000 |
| 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 |
1 | $276,000 |
$276,000 | $276,000 |
$90,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $698,000 |
$349,000 | $368,000 |
$143,000 | $167,000 |
| Debt-To-Income Ratio |
3 | $796,000 |
$265,000 | $325,000 |
$64,000 | $96,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $431,000 |
$215,000 | $401,000 |
$55,000 | $110,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $637,000 |
$127,000 | $235,000 |
$62,000 | $140,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NCL MORTGAGE by:
Metropolitan Area And
County
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