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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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PROVANTAGE FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROVANTAGE FUNDING CORPORATION |
| Address | 20 SOLAR DRIVE
CLIFTON PARK, NY 12065 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 116 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,473,000 |
| Average Mortgage Loan Amount Applied For | $162,133 |
| Highest Mortgage Loan Amount Applied For | $910,000 |
| Average Applicant Income | $71,466 |
| Highest Applicant Income | $370,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
87 | $15,731,000 |
$180,000 | $416,000 |
$83,000 | $370,000 |
| Refinancing |
29 | $5,742,000 |
$198,000 | $910,000 |
$78,000 | $314,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $632,000 |
$316,000 | $412,000 |
$114,000 | $132,000 |
| Black or African American |
1 | $88,000 |
$88,000 | $88,000 |
$59,000 | $59,000 |
| Hispanic |
1 | $200,000 |
$200,000 | $200,000 |
$96,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $910,000 |
$910,000 | $910,000 |
$314,000 | $314,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $400,000 |
$400,000 | $400,000 |
$246,000 | $246,000 |
| White |
110 | $19,243,000 |
$174,000 | $417,000 |
$77,000 | $370,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
94 | $18,344,000 |
$195,000 | $910,000 |
$86,000 | $370,000 |
| FHA-insured (Federal Housing Administration) |
22 | $3,129,000 |
$142,000 | $203,000 |
$63,000 | $102,000 |
| 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 |
3 | $588,000 |
$196,000 | $360,000 |
$90,000 | $163,000 |
| Application Withdrawn By Applicant |
18 | $2,878,000 |
$159,000 | $352,000 |
$80,000 | $370,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
95 | $18,007,000 |
$189,000 | $910,000 |
$81,000 | $370,000 |
| 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 |
2 | $228,000 |
$114,000 | $129,000 |
$54,000 | $71,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $360,000 |
$360,000 | $360,000 |
$163,000 | $163,000 |
| 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 PROVANTAGE FUNDING CORPORATION by:
Metropolitan Area And
County
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