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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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RELIANT MORTGAGE COMPANY, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
RELIANT MORTGAGE COMPANY, LLC |
| Address | 101 EDGEWATER DRIVE, SUITE 260
WAKEFIELD, MA 01880 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,158 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $273,307,000 |
| Average Mortgage Loan Amount Applied For | $224,636 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $82,890 |
| Highest Applicant Income | $625,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
569 | $125,766,000 |
$221,000 | $2,000,000 |
$94,000 | $625,000 |
| Refinancing |
589 | $147,541,000 |
$250,000 | $1,500,000 |
$79,000 | $518,000 |
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| American Indian or Alaskan Native |
1 | $265,000 |
$265,000 | $265,000 |
$54,000 | $54,000 |
| Asian |
11 | $3,420,000 |
$310,000 | $698,000 |
$75,000 | $275,000 |
| Black or African American |
50 | $9,579,000 |
$191,000 | $417,000 |
$60,000 | $219,000 |
| Hispanic |
35 | $8,026,000 |
$229,000 | $754,000 |
$55,000 | $172,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $451,000 |
$225,000 | $380,000 |
$125,000 | $125,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $320,000 |
$320,000 | $320,000 |
$0 | $0 |
| White |
1,058 | $251,246,000 |
$237,000 | $2,000,000 |
$89,000 | $625,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,158 | $273,307,000 |
$236,000 | $2,000,000 |
$87,000 | $625,000 |
| 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 |
155 | $39,561,000 |
$255,000 | $1,500,000 |
$69,000 | $400,000 |
| Application Denied By Financial Institution |
46 | $8,970,000 |
$195,000 | $754,000 |
$43,000 | $456,000 |
| Application Withdrawn By Applicant |
69 | $16,446,000 |
$238,000 | $808,000 |
$93,000 | $518,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
888 | $208,330,000 |
$234,000 | $2,000,000 |
$92,000 | $625,000 |
| 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 |
8 | $1,528,000 |
$191,000 | $567,000 |
$82,000 | $456,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $5,306,000 |
$204,000 | $754,000 |
$40,000 | $120,000 |
| Debt-To-Income Ratio |
3 | $612,000 |
$204,000 | $412,000 |
$66,000 | $120,000 |
| Employment History |
2 | $400,000 |
$200,000 | $260,000 |
$21,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $86,000 |
$86,000 | $86,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $670,000 |
$167,000 | $360,000 |
$18,000 | $41,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RELIANT MORTGAGE COMPANY, LLC by:
Metropolitan Area And
County
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