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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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PREFERRED HOME MORTGAGE CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
PREFERRED HOME MORTGAGE CO. |
| Address | 1410 N WESTSHORE DR, SUITE 700
TAMPA, FL 33607 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,803 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,938,515,000 |
| Average Mortgage Loan Amount Applied For | $201,216 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $97,000 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
11,979 | $2,415,766,000 |
$201,000 | $1,000,000 |
$102,000 | $700,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
44 | $9,150,000 |
$207,000 | $463,000 |
$117,000 | $327,000 |
| Asian |
1,171 | $229,290,000 |
$195,000 | $858,000 |
$107,000 | $510,000 |
| Black or African American |
522 | $100,856,000 |
$193,000 | $653,000 |
$92,000 | $579,000 |
| Hispanic |
1,724 | $366,383,000 |
$212,000 | $920,000 |
$88,000 | $513,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,869 | $777,471,000 |
$200,000 | $975,000 |
$92,000 | $600,000 |
| White |
4,649 | $932,616,000 |
$200,000 | $1,000,000 |
$114,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,534 | $2,326,040,000 |
$201,000 | $1,000,000 |
$103,000 | $700,000 |
| FHA-insured (Federal Housing Administration) |
197 | $32,222,000 |
$163,000 | $334,000 |
$61,000 | $480,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
248 | $57,504,000 |
$231,000 | $349,000 |
$78,000 | $194,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
160 | $39,132,000 |
$244,000 | $725,000 |
$76,000 | $324,000 |
| Application Withdrawn By Applicant |
3,432 | $650,635,000 |
$189,000 | $1,000,000 |
$100,000 | $700,000 |
| File Closed For Incompleteness |
6 | $1,637,000 |
$272,000 | $417,000 |
$66,000 | $127,000 |
| Loan Originated |
6,205 | $1,247,111,000 |
$200,000 | $950,000 |
$103,000 | $600,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2,109 | $462,250,000 |
$219,000 | $920,000 |
$104,000 | $579,000 |
| Preapproval Denied by Financial Institution |
67 | $15,001,000 |
$223,000 | $480,000 |
$84,000 | $352,000 |
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| Collateral |
1 | $232,000 |
$232,000 | $232,000 |
$180,000 | $180,000 |
| Credit Application Incomplete |
10 | $1,874,000 |
$187,000 | $340,000 |
$98,000 | $228,000 |
| Credit History |
71 | $17,812,000 |
$250,000 | $500,000 |
$67,000 | $197,000 |
| Debt-To-Income Ratio |
89 | $21,041,000 |
$236,000 | $725,000 |
$73,000 | $272,000 |
| Employment History |
6 | $1,535,000 |
$255,000 | $383,000 |
$56,000 | $175,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
11 | $2,649,000 |
$240,000 | $453,000 |
$117,000 | $324,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
28 | $6,332,000 |
$226,000 | $518,000 |
$97,000 | $352,000 |
| Unverifiable Information |
11 | $2,658,000 |
$241,000 | $419,000 |
$86,000 | $160,000 |
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Mortgage Loan App Totals for PREFERRED HOME MORTGAGE CO. by:
Metropolitan Area And
County
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