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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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PARAGON FINANCIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAGON FINANCIAL MORTGAGE |
| Address | 8650 FREEPORT PKWY, SUITE 200A
IRVING, TX 75063-2575 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,240 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $333,192,000 |
| Average Mortgage Loan Amount Applied For | $258,362 |
| Highest Mortgage Loan Amount Applied For | $2,303,000 |
| Average Applicant Income | $125,244 |
| Highest Applicant Income | $1,220,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,229 | $329,527,000 |
$268,000 | $2,303,000 |
$126,000 | $1,220,000 |
| Refinancing |
11 | $3,665,000 |
$333,000 | $793,000 |
$166,000 | $337,000 |
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| American Indian or Alaskan Native |
3 | $418,000 |
$139,000 | $224,000 |
$110,000 | $150,000 |
| Asian |
62 | $19,437,000 |
$313,000 | $820,000 |
$131,000 | $255,000 |
| Black or African American |
42 | $10,738,000 |
$255,000 | $1,000,000 |
$126,000 | $290,000 |
| Hispanic |
62 | $18,692,000 |
$301,000 | $1,240,000 |
$126,000 | $347,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,475,000 |
$245,000 | $685,000 |
$120,000 | $200,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
125 | $31,491,000 |
$251,000 | $2,303,000 |
$124,000 | $993,000 |
| White |
940 | $250,941,000 |
$266,000 | $2,168,000 |
$126,000 | $1,220,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,237 | $332,774,000 |
$269,000 | $2,303,000 |
$126,000 | $1,220,000 |
| FHA-insured (Federal Housing Administration) |
1 | $93,000 |
$93,000 | $93,000 |
$48,000 | $48,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $325,000 |
$162,000 | $210,000 |
$81,000 | $87,000 |
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| Application Approved But Not Accepted |
14 | $7,625,000 |
$544,000 | $2,168,000 |
$170,000 | $571,000 |
| Application Denied By Financial Institution |
35 | $8,993,000 |
$256,000 | $928,000 |
$118,000 | $300,000 |
| Application Withdrawn By Applicant |
87 | $21,958,000 |
$252,000 | $850,000 |
$121,000 | $414,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,104 | $294,616,000 |
$266,000 | $2,303,000 |
$126,000 | $1,220,000 |
| 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 | $860,000 |
$172,000 | $294,000 |
$93,000 | $117,000 |
| Credit Application Incomplete |
7 | $1,621,000 |
$231,000 | $497,000 |
$115,000 | $210,000 |
| Credit History |
3 | $627,000 |
$209,000 | $290,000 |
$155,000 | $245,000 |
| Debt-To-Income Ratio |
3 | $1,253,000 |
$417,000 | $856,000 |
$135,000 | $211,000 |
| Employment History |
2 | $125,000 |
$62,000 | $100,000 |
$77,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,347,000 |
$449,000 | $928,000 |
$142,000 | $266,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,738,000 |
$217,000 | $793,000 |
$119,000 | $300,000 |
| Unverifiable Information |
4 | $1,422,000 |
$355,000 | $730,000 |
$114,000 | $141,000 |
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Mortgage Loan App Totals for PARAGON FINANCIAL MORTGAGE by:
Metropolitan Area And
County
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