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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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PRINCETON MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRINCETON MORTGAGE CORPORATION |
| Address | 2482 PENNINGTON ROAD
PENNINGTON, NJ 08534 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,141 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $289,875,000 |
| Average Mortgage Loan Amount Applied For | $265,448 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $111,000 |
| Highest Applicant Income | $4,312,000 |
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| Home Improvement |
4 | $1,145,000 |
$286,000 | $437,000 |
$84,000 | $123,000 |
| Home Purchase |
938 | $241,392,000 |
$257,000 | $1,500,000 |
$118,000 | $4,312,000 |
| Refinancing |
199 | $47,338,000 |
$237,000 | $964,000 |
$116,000 | $900,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
47 | $13,714,000 |
$291,000 | $1,000,000 |
$223,000 | $4,312,000 |
| Black or African American |
62 | $14,036,000 |
$226,000 | $720,000 |
$99,000 | $328,000 |
| Hispanic |
66 | $15,664,000 |
$237,000 | $604,000 |
$92,000 | $244,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $708,000 |
$354,000 | $417,000 |
$116,000 | $140,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
81 | $21,787,000 |
$268,000 | $850,000 |
$116,000 | $468,000 |
| White |
883 | $223,966,000 |
$253,000 | $1,500,000 |
$115,000 | $926,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,058 | $271,144,000 |
$256,000 | $1,500,000 |
$120,000 | $4,312,000 |
| FHA-insured (Federal Housing Administration) |
82 | $18,597,000 |
$226,000 | $368,000 |
$78,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $134,000 |
$134,000 | $134,000 |
$94,000 | $94,000 |
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| Application Approved But Not Accepted |
2 | $508,000 |
$254,000 | $293,000 |
$90,000 | $108,000 |
| Application Denied By Financial Institution |
20 | $4,537,000 |
$226,000 | $514,000 |
$89,000 | $285,000 |
| Application Withdrawn By Applicant |
147 | $34,437,000 |
$234,000 | $1,000,000 |
$120,000 | $840,000 |
| File Closed For Incompleteness |
2 | $1,376,000 |
$688,000 | $1,200,000 |
$409,000 | $465,000 |
| Loan Originated |
970 | $249,017,000 |
$256,000 | $1,500,000 |
$117,000 | $4,312,000 |
| 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 | $1,569,000 |
$392,000 | $514,000 |
$55,000 | $98,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $431,000 |
$215,000 | $219,000 |
$71,000 | $100,000 |
| Debt-To-Income Ratio |
1 | $357,000 |
$357,000 | $357,000 |
$83,000 | $83,000 |
| 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 |
1 | $323,000 |
$323,000 | $323,000 |
$87,000 | $87,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRINCETON MORTGAGE CORPORATION by:
Metropolitan Area And
County
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