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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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PRIORITY MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIORITY MORTGAGE CORP. |
| Address | 150 E. WILSON BRIDGE ROAD SUITE 350
WORTHINGTON, OH 43085 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 495 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $78,300,000 |
| Average Mortgage Loan Amount Applied For | $141,210 |
| Highest Mortgage Loan Amount Applied For | $880,000 |
| Average Applicant Income | $69,684 |
| Highest Applicant Income | $745,000 |
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| Home Improvement |
1 | $166,000 |
$166,000 | $166,000 |
$55,000 | $55,000 |
| Home Purchase |
447 | $64,245,000 |
$143,000 | $880,000 |
$67,000 | $714,000 |
| Refinancing |
190 | $32,349,000 |
$170,000 | $650,000 |
$82,000 | $745,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
12 | $1,579,000 |
$131,000 | $232,000 |
$69,000 | $100,000 |
| Black or African American |
60 | $7,482,000 |
$124,000 | $365,000 |
$60,000 | $168,000 |
| Hispanic |
7 | $1,142,000 |
$163,000 | $320,000 |
$74,000 | $222,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
26 | $3,639,000 |
$139,000 | $380,000 |
$54,000 | $118,000 |
| White |
533 | $82,918,000 |
$155,000 | $880,000 |
$74,000 | $745,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
442 | $70,999,000 |
$160,000 | $880,000 |
$80,000 | $745,000 |
| FHA-insured (Federal Housing Administration) |
184 | $23,583,000 |
$128,000 | $237,000 |
$54,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
12 | $2,178,000 |
$181,000 | $397,000 |
$55,000 | $120,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
21 | $3,921,000 |
$186,000 | $500,000 |
$81,000 | $284,000 |
| Application Withdrawn By Applicant |
444 | $66,215,000 |
$149,000 | $880,000 |
$70,000 | $714,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
173 | $26,624,000 |
$153,000 | $410,000 |
$75,000 | $745,000 |
| 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 | $439,000 |
$439,000 | $439,000 |
$167,000 | $167,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $765,000 |
$127,000 | $228,000 |
$73,000 | $228,000 |
| Debt-To-Income Ratio |
5 | $641,000 |
$128,000 | $150,000 |
$39,000 | $65,000 |
| Employment History |
2 | $174,000 |
$87,000 | $88,000 |
$24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $500,000 |
$500,000 | $500,000 |
$284,000 | $284,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRIORITY MORTGAGE CORP. by:
Metropolitan Area And
County
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