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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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RIVER CITY MORTGAGE&FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIVER CITY MORTGAGE&FINANCIAL |
| Address | 1895 PLAZA DRIVE, SUITE 250
EAGAN, MN 55122 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 883 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $176,172,000 |
| Average Mortgage Loan Amount Applied For | $189,393 |
| Highest Mortgage Loan Amount Applied For | $992,000 |
| Average Applicant Income | $97,308 |
| Highest Applicant Income | $954,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
645 | $129,587,000 |
$200,000 | $992,000 |
$75,000 | $954,000 |
| Refinancing |
238 | $46,585,000 |
$195,000 | $650,000 |
$77,000 | $799,000 |
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| American Indian or Alaskan Native |
4 | $636,000 |
$159,000 | $226,000 |
$101,000 | $162,000 |
| Asian |
17 | $3,770,000 |
$221,000 | $500,000 |
$76,000 | $148,000 |
| Black or African American |
24 | $5,002,000 |
$208,000 | $375,000 |
$76,000 | $293,000 |
| Hispanic |
24 | $5,303,000 |
$220,000 | $417,000 |
$67,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $768,000 |
$256,000 | $400,000 |
$92,000 | $166,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $355,000 |
$177,000 | $188,000 |
$139,000 | $229,000 |
| White |
809 | $160,338,000 |
$198,000 | $992,000 |
$75,000 | $954,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
643 | $133,218,000 |
$207,000 | $992,000 |
$81,000 | $954,000 |
| FHA-insured (Federal Housing Administration) |
214 | $37,244,000 |
$174,000 | $272,000 |
$59,000 | $184,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
26 | $5,710,000 |
$219,000 | $341,000 |
$66,000 | $131,000 |
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| Application Approved But Not Accepted |
18 | $3,313,000 |
$184,000 | $417,000 |
$58,000 | $112,000 |
| Application Denied By Financial Institution |
15 | $2,729,000 |
$181,000 | $373,000 |
$75,000 | $360,000 |
| Application Withdrawn By Applicant |
65 | $12,832,000 |
$197,000 | $720,000 |
$88,000 | $954,000 |
| File Closed For Incompleteness |
47 | $9,281,000 |
$197,000 | $586,000 |
$54,000 | $210,000 |
| Loan Originated |
738 | $148,017,000 |
$200,000 | $992,000 |
$76,000 | $799,000 |
| 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 |
7 | $1,342,000 |
$191,000 | $244,000 |
$88,000 | $360,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $804,000 |
$201,000 | $265,000 |
$71,000 | $90,000 |
| Debt-To-Income Ratio |
1 | $95,000 |
$95,000 | $95,000 |
$21,000 | $21,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $50,000 |
$50,000 | $50,000 |
$105,000 | $105,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $373,000 |
$373,000 | $373,000 |
$100,000 | $100,000 |
| Unverifiable Information |
1 | $65,000 |
$65,000 | $65,000 |
$10,000 | $10,000 |
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Mortgage Loan App Totals for RIVER CITY MORTGAGE&FINANCIAL by:
Metropolitan Area And
County
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