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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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PROFESSIONAL ADVANTAGE FINANCI
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROFESSIONAL ADVANTAGE FINANCI |
| Address | 44 SCHOOL STREET 9TH FLOOR
BOSTON, MA 02108 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 5 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,222,000 |
| Average Mortgage Loan Amount Applied For | $244,400 |
| Highest Mortgage Loan Amount Applied For | $315,000 |
| Average Applicant Income | $77,400 |
| Highest Applicant Income | $132,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4 | $746,000 |
$225,500 | $304,000 |
$61,500 | $132,000 |
| Refinancing |
3 | $880,000 |
$298,500 | $315,000 |
$80,000 | $120,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $142,000 |
$142,000 | $142,000 |
$35,000 | $35,000 |
| Black or African American |
1 | $200,000 |
$200,000 | $200,000 |
$132,000 | $132,000 |
| Hispanic |
1 | $265,000 |
$265,000 | $265,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
4 | $1,019,000 |
$273,000 | $315,000 |
$77,000 | $120,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7 | $1,626,000 |
$273,333 | $315,000 |
$74,000 | $132,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
7 | $1,626,000 |
$273,333 | $315,000 |
$74,000 | $132,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 | $304,000 |
$304,000 | $304,000 |
$61,000 | $61,000 |
| Credit Application Incomplete |
1 | $300,000 |
$300,000 | $300,000 |
$120,000 | $120,000 |
| Credit History |
3 | $680,000 |
$248,500 | $315,000 |
$55,000 | $100,000 |
| Debt-To-Income Ratio |
2 | $342,000 |
$171,000 | $200,000 |
$83,000 | $132,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PROFESSIONAL ADVANTAGE FINANCI by:
Metropolitan Area And
County
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