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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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PATRIOT ACCEPTANCE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PATRIOT ACCEPTANCE CORPORATION |
| Address | 307 S MAIN ST
ELKHART, IN 46515 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| Data Years (click a year for detail) | 2004 |
| Total Number of Mortgage Loan Applications Processed | 37 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,931,000 |
| Average Mortgage Loan Amount Applied For | $103,862 |
| Highest Mortgage Loan Amount Applied For | $162,000 |
| Average Applicant Income | $48,793 |
| Highest Applicant Income | $79,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
109 | $11,762,000 |
$102,000 | $173,000 |
$47,555 | $96,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $187,000 |
$93,000 | $115,000 |
$39,000 | $49,000 |
| Black or African American |
6 | $443,000 |
$66,500 | $95,000 |
$38,500 | $44,000 |
| Hispanic |
4 | $431,000 |
$107,500 | $122,000 |
$46,000 | $48,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $260,000 |
$130,000 | $142,000 |
$35,000 | $46,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $845,000 |
$115,000 | $173,000 |
$36,000 | $87,000 |
| White |
88 | $9,596,000 |
$102,555 | $164,000 |
$50,222 | $96,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
30 | $3,250,000 |
$106,857 | $173,000 |
$52,857 | $96,000 |
| FHA-insured (Federal Housing Administration) |
79 | $8,512,000 |
$105,125 | $164,000 |
$46,125 | $94,000 |
| 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 |
6 | $658,000 |
$110,200 | $142,000 |
$54,600 | $73,000 |
| Application Denied By Financial Institution |
14 | $1,477,000 |
$103,166 | $162,000 |
$52,833 | $78,000 |
| Application Withdrawn By Applicant |
58 | $6,362,000 |
$107,857 | $173,000 |
$48,857 | $96,000 |
| File Closed For Incompleteness |
8 | $879,000 |
$104,000 | $142,000 |
$50,333 | $63,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $63,000 |
$63,000 | $63,000 |
$25,000 | $25,000 |
| Preapproval Denied by Financial Institution |
22 | $2,323,000 |
$105,000 | $164,000 |
$41,000 | $64,000 |
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| Collateral |
4 | $433,000 |
$108,250 | $145,000 |
$52,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $1,455,000 |
$111,000 | $162,000 |
$56,800 | $69,000 |
| Debt-To-Income Ratio |
13 | $1,308,000 |
$98,000 | $164,000 |
$33,000 | $54,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $115,000 |
$115,000 | $115,000 |
$55,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $367,000 |
$122,000 | $127,000 |
$48,500 | $64,000 |
| Unverifiable Information |
1 | $122,000 |
$122,000 | $122,000 |
$48,000 | $48,000 |
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Mortgage Loan App Totals for PATRIOT ACCEPTANCE CORPORATION by:
Metropolitan Area And
County
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