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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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PRIME MORTGAGE FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIME MORTGAGE FINANCIAL |
| Address | 2 PARK CENTRAL DRIVE
SOUTHBOROUGH, MA 01772 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,725 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $598,973,000 |
| Average Mortgage Loan Amount Applied For | $198,288 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $96,060 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
2 | $358,000 |
$179,000 | $238,000 |
$36,000 | $72,000 |
| Home Purchase |
1,644 | $346,388,000 |
$210,000 | $1,500,000 |
$99,000 | $1,200,000 |
| Refinancing |
1,079 | $252,227,000 |
$233,000 | $1,000,000 |
$90,000 | $700,000 |
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| American Indian or Alaskan Native |
7 | $1,683,000 |
$240,000 | $360,000 |
$78,000 | $113,000 |
| Asian |
33 | $6,590,000 |
$199,000 | $670,000 |
$94,000 | $224,000 |
| Black or African American |
167 | $30,060,000 |
$180,000 | $770,000 |
$64,000 | $188,000 |
| Hispanic |
124 | $23,915,000 |
$192,000 | $638,000 |
$60,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
422 | $98,341,000 |
$233,000 | $1,500,000 |
$107,000 | $540,000 |
| White |
1,972 | $438,384,000 |
$222,000 | $1,500,000 |
$98,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,640 | $579,403,000 |
$219,000 | $1,500,000 |
$97,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
76 | $17,234,000 |
$226,000 | $352,000 |
$65,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $657,000 |
$328,000 | $349,000 |
$70,000 | $140,000 |
| VA-guaranteed (Veterans Administration) |
7 | $1,679,000 |
$239,000 | $345,000 |
$67,000 | $89,000 |
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| Application Approved But Not Accepted |
1 | $180,000 |
$180,000 | $180,000 |
$0 | $0 |
| Application Denied By Financial Institution |
1 | $49,000 |
$49,000 | $49,000 |
$107,000 | $107,000 |
| Application Withdrawn By Applicant |
4 | $939,000 |
$234,000 | $496,000 |
$94,000 | $192,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,719 | $597,805,000 |
$219,000 | $1,500,000 |
$96,000 | $1,200,000 |
| 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 |
1 | $49,000 |
$49,000 | $49,000 |
$107,000 | $107,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRIME MORTGAGE FINANCIAL by:
Metropolitan Area And
County
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