| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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REALTY MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
REALTY MORTGAGE |
| Address | 215 KATHERINE DR.
FLOWOOD, MS 39232 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 15,488 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,277,224,000 |
| Average Mortgage Loan Amount Applied For | $162,687 |
| Highest Mortgage Loan Amount Applied For | $1,999,000 |
| Average Applicant Income | $86,378 |
| Highest Applicant Income | $1,980,000 |
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| Home Improvement |
3 | $476,000 |
$158,000 | $343,000 |
$124,000 | $198,000 |
| Home Purchase |
9,463 | $1,744,283,000 |
$184,000 | $1,978,000 |
$101,000 | $1,980,000 |
| Refinancing |
6,369 | $1,595,805,000 |
$250,000 | $1,999,000 |
$119,000 | $1,548,000 |
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| American Indian or Alaskan Native |
43 | $7,861,000 |
$182,000 | $417,000 |
$88,000 | $1,008,000 |
| Asian |
681 | $212,724,000 |
$312,000 | $1,999,000 |
$166,000 | $1,700,000 |
| Black or African American |
2,285 | $381,564,000 |
$166,000 | $1,000,000 |
$76,000 | $1,400,000 |
| Hispanic |
3,886 | $875,553,000 |
$225,000 | $1,999,000 |
$107,000 | $1,980,000 |
| Native Hawaiin or Other Pacific Islander |
154 | $43,544,000 |
$282,000 | $1,100,000 |
$170,000 | $660,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,636 | $300,701,000 |
$183,000 | $1,515,000 |
$108,000 | $1,354,000 |
| White |
7,150 | $1,518,617,000 |
$212,000 | $1,978,000 |
$112,000 | $1,980,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12,567 | $2,886,557,000 |
$229,000 | $1,999,000 |
$121,000 | $1,980,000 |
| FHA-insured (Federal Housing Administration) |
2,551 | $342,726,000 |
$134,000 | $350,000 |
$57,000 | $1,020,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
717 | $111,281,000 |
$155,000 | $348,000 |
$61,000 | $1,400,000 |
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| Application Approved But Not Accepted |
1,567 | $354,848,000 |
$226,000 | $1,464,000 |
$118,000 | $1,344,000 |
| Application Denied By Financial Institution |
1,590 | $390,909,000 |
$245,000 | $1,600,000 |
$124,000 | $1,500,000 |
| Application Withdrawn By Applicant |
2,562 | $617,714,000 |
$241,000 | $1,999,000 |
$132,000 | $1,980,000 |
| File Closed For Incompleteness |
690 | $183,521,000 |
$265,000 | $1,960,000 |
$146,000 | $1,548,000 |
| Loan Originated |
9,392 | $1,788,490,000 |
$190,000 | $1,999,000 |
$95,000 | $1,980,000 |
| Loan Purchased By The Institution |
23 | $3,742,000 |
$162,000 | $464,000 |
$70,000 | $183,000 |
| Preapproval Approved but not Accepted |
5 | $720,000 |
$144,000 | $319,000 |
$89,000 | $186,000 |
| Preapproval Denied by Financial Institution |
6 | $620,000 |
$103,000 | $154,000 |
$50,000 | $63,000 |
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| Collateral |
197 | $55,037,000 |
$279,000 | $1,500,000 |
$167,000 | $1,200,000 |
| Credit Application Incomplete |
59 | $10,428,000 |
$176,000 | $980,000 |
$94,000 | $425,000 |
| Credit History |
584 | $132,492,000 |
$226,000 | $1,600,000 |
$100,000 | $1,500,000 |
| Debt-To-Income Ratio |
217 | $45,541,000 |
$209,000 | $932,000 |
$80,000 | $290,000 |
| Employment History |
85 | $22,758,000 |
$267,000 | $959,000 |
$145,000 | $576,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
20 | $5,585,000 |
$279,000 | $1,000,000 |
$230,000 | $1,354,000 |
| Mortgage Insurance Denied |
5 | $804,000 |
$160,000 | $235,000 |
$59,000 | $82,000 |
| Other |
212 | $55,187,000 |
$260,000 | $1,000,000 |
$151,000 | $660,000 |
| Unverifiable Information |
205 | $62,290,000 |
$303,000 | $1,260,000 |
$160,000 | $1,260,000 |
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Mortgage Loan Application Totals for REALTY MORTGAGE by:
Metropolitan Area And
County
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