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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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PINNACLE FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE FINANCIAL |
| Address | 2611 TECHNOLOGY DR
ORLANDO, FL 32804 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 23,202 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,533,827,000 |
| Average Mortgage Loan Amount Applied For | $154,697 |
| Highest Mortgage Loan Amount Applied For | $5,220,000 |
| Average Applicant Income | $41,858 |
| Highest Applicant Income | $1,706,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
16,229 | $2,887,869,000 |
$177,000 | $2,400,000 |
$39,000 | $1,309,000 |
| Refinancing |
8,038 | $1,841,573,000 |
$229,000 | $5,220,000 |
$50,000 | $1,706,000 |
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| American Indian or Alaskan Native |
47 | $7,433,000 |
$158,000 | $702,000 |
$67,000 | $1,032,000 |
| Asian |
753 | $158,050,000 |
$209,000 | $1,000,000 |
$42,000 | $817,000 |
| Black or African American |
3,146 | $553,534,000 |
$175,000 | $2,400,000 |
$38,000 | $900,000 |
| Hispanic |
6,134 | $1,295,057,000 |
$211,000 | $1,440,000 |
$28,000 | $1,706,000 |
| Native Hawaiin or Other Pacific Islander |
113 | $22,155,000 |
$196,000 | $900,000 |
$36,000 | $222,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,070 | $393,447,000 |
$190,000 | $4,000,000 |
$44,000 | $1,011,000 |
| White |
12,004 | $2,299,766,000 |
$191,000 | $5,220,000 |
$51,000 | $1,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
23,221 | $4,548,972,000 |
$195,000 | $5,220,000 |
$42,000 | $1,706,000 |
| FHA-insured (Federal Housing Administration) |
766 | $123,153,000 |
$160,000 | $368,000 |
$54,000 | $1,032,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
8 | $736,000 |
$92,000 | $117,000 |
$34,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
272 | $56,581,000 |
$208,000 | $417,000 |
$59,000 | $277,000 |
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| Application Approved But Not Accepted |
779 | $111,821,000 |
$143,000 | $2,400,000 |
$57,000 | $1,019,000 |
| Application Denied By Financial Institution |
4,319 | $753,176,000 |
$174,000 | $2,200,000 |
$42,000 | $1,706,000 |
| Application Withdrawn By Applicant |
4,845 | $951,277,000 |
$196,000 | $2,400,000 |
$37,000 | $1,250,000 |
| File Closed For Incompleteness |
445 | $99,480,000 |
$223,000 | $4,146,000 |
$56,000 | $900,000 |
| Loan Originated |
13,298 | $2,681,041,000 |
$201,000 | $5,220,000 |
$44,000 | $1,080,000 |
| Loan Purchased By The Institution |
581 | $132,647,000 |
$228,000 | $1,100,000 |
$27,000 | $779,000 |
| 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 |
463 | $75,674,000 |
$163,000 | $1,000,000 |
$33,000 | $383,000 |
| Credit Application Incomplete |
816 | $138,194,000 |
$169,000 | $1,000,000 |
$39,000 | $1,250,000 |
| Credit History |
395 | $71,335,000 |
$180,000 | $2,000,000 |
$40,000 | $624,000 |
| Debt-To-Income Ratio |
159 | $25,741,000 |
$161,000 | $650,000 |
$58,000 | $540,000 |
| Employment History |
69 | $12,771,000 |
$185,000 | $528,000 |
$27,000 | $179,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
48 | $8,402,000 |
$175,000 | $574,000 |
$47,000 | $202,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1,196 | $198,369,000 |
$165,000 | $1,750,000 |
$43,000 | $1,706,000 |
| Unverifiable Information |
197 | $39,170,000 |
$198,000 | $1,750,000 |
$45,000 | $1,242,000 |
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Mortgage Loan App Totals for PINNACLE FINANCIAL by:
Metropolitan Area And
County
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