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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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PERIMETER MORTGAGE FUNDING COR
Mortgage Loans and Application Details
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| Mortgage Company Name |
PERIMETER MORTGAGE FUNDING COR |
| Address | 1770 INDIAN TRAIL RD SUITE 400
NORCROSS, GA 30093 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,066 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $134,475,000 |
| Average Mortgage Loan Amount Applied For | $113,735 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $52,000 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
798 | $94,951,000 |
$113,000 | $340,000 |
$53,000 | $270,000 |
| Refinancing |
268 | $39,524,000 |
$132,250 | $600,000 |
$46,500 | $360,000 |
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| American Indian or Alaskan Native |
1 | $115,000 |
$115,000 | $115,000 |
$54,000 | $54,000 |
| Asian |
11 | $1,492,000 |
$107,666 | $261,000 |
$69,666 | $264,000 |
| Black or African American |
154 | $17,482,000 |
$116,750 | $287,000 |
$47,000 | $155,000 |
| Hispanic |
150 | $19,062,000 |
$154,666 | $316,000 |
$76,333 | $262,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
164 | $21,767,000 |
$114,750 | $466,000 |
$38,750 | $222,000 |
| White |
586 | $74,557,000 |
$118,750 | $600,000 |
$57,500 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
562 | $75,466,000 |
$129,000 | $600,000 |
$65,500 | $360,000 |
| FHA-insured (Federal Housing Administration) |
456 | $52,763,000 |
$102,000 | $231,000 |
$41,250 | $262,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $437,000 |
$109,000 | $138,000 |
$35,000 | $61,000 |
| VA-guaranteed (Veterans Administration) |
44 | $5,809,000 |
$130,500 | $232,000 |
$50,750 | $117,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
78 | $9,081,000 |
$94,500 | $250,000 |
$40,000 | $300,000 |
| Application Withdrawn By Applicant |
223 | $28,826,000 |
$126,500 | $600,000 |
$54,500 | $264,000 |
| File Closed For Incompleteness |
1 | $111,000 |
$111,000 | $111,000 |
$0 | $0 |
| Loan Originated |
764 | $96,457,000 |
$116,250 | $600,000 |
$54,000 | $360,000 |
| 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 |
13 | $1,474,000 |
$113,000 | $198,000 |
$72,000 | $300,000 |
| Credit Application Incomplete |
6 | $715,000 |
$153,000 | $204,000 |
$72,500 | $96,000 |
| Credit History |
21 | $2,421,000 |
$94,000 | $250,000 |
$31,000 | $100,000 |
| Debt-To-Income Ratio |
7 | $835,000 |
$119,500 | $156,000 |
$37,000 | $51,000 |
| Employment History |
4 | $589,000 |
$147,000 | $239,000 |
$68,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $445,000 |
$148,000 | $242,000 |
$71,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
24 | $2,602,000 |
$96,000 | $224,000 |
$46,500 | $102,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PERIMETER MORTGAGE FUNDING COR by:
Metropolitan Area And
County
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