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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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PATRIOT FUNDING, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
PATRIOT FUNDING, LLC |
| Address | 495 OLD CONNECTICUT PATH
FRAMINGHAM, MA 01701 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 409 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $91,235,000 |
| Average Mortgage Loan Amount Applied For | $211,581 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $97,534 |
| Highest Applicant Income | $436,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
185 | $39,002,000 |
$210,000 | $650,000 |
$106,000 | $418,000 |
| Refinancing |
224 | $52,233,000 |
$233,000 | $1,000,000 |
$98,000 | $436,000 |
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| American Indian or Alaskan Native |
2 | $412,000 |
$206,000 | $343,000 |
$89,000 | $93,000 |
| Asian |
3 | $810,000 |
$270,000 | $365,000 |
$77,000 | $88,000 |
| Black or African American |
8 | $1,652,000 |
$206,000 | $324,000 |
$81,000 | $135,000 |
| Hispanic |
7 | $1,790,000 |
$255,000 | $328,000 |
$92,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
40 | $8,730,000 |
$218,000 | $520,000 |
$107,000 | $296,000 |
| White |
349 | $77,841,000 |
$223,000 | $1,000,000 |
$102,000 | $436,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
402 | $89,351,000 |
$222,000 | $1,000,000 |
$102,000 | $436,000 |
| FHA-insured (Federal Housing Administration) |
6 | $1,588,000 |
$264,000 | $293,000 |
$93,000 | $149,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $296,000 |
$296,000 | $296,000 |
$64,000 | $64,000 |
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| Application Approved But Not Accepted |
18 | $4,697,000 |
$260,000 | $390,000 |
$87,000 | $150,000 |
| Application Denied By Financial Institution |
18 | $4,034,000 |
$224,000 | $445,000 |
$73,000 | $149,000 |
| Application Withdrawn By Applicant |
16 | $2,743,000 |
$171,000 | $412,000 |
$91,000 | $138,000 |
| File Closed For Incompleteness |
2 | $648,000 |
$324,000 | $487,000 |
$83,000 | $121,000 |
| Loan Originated |
355 | $79,113,000 |
$222,000 | $1,000,000 |
$104,000 | $436,000 |
| 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 |
4 | $859,000 |
$214,000 | $294,000 |
$98,000 | $149,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $604,000 |
$302,000 | $320,000 |
$65,000 | $77,000 |
| Debt-To-Income Ratio |
6 | $1,164,000 |
$194,000 | $375,000 |
$96,000 | $137,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $420,000 |
$420,000 | $420,000 |
$116,000 | $116,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $250,000 |
$83,000 | $160,000 |
$0 | $0 |
| Unverifiable Information |
2 | $737,000 |
$368,000 | $445,000 |
$48,000 | $96,000 |
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Mortgage Loan App Totals for PATRIOT FUNDING, LLC by:
Metropolitan Area And
County
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