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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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SANA INVESTMENT MORTGAGE BANKE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SANA INVESTMENT MORTGAGE BANKE |
| Address | DORAL BANK BLD 1569 ALDA ST
SUITE 302 RIO PIEDRAS, PR 00926 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,542 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $277,543,000 |
| Average Mortgage Loan Amount Applied For | $93,368 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $50,315 |
| Highest Applicant Income | $662,000 |
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| Home Improvement (one-to-four family) |
2 | $41,000 |
$20,000 | $30,000 |
$72,000 | $78,000 |
| Home Purchase (one-to-four family) |
572 | $66,393,000 |
$116,000 | $900,000 |
$54,000 | $608,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
6 | $1,693,000 |
$282,000 | $480,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,964 | $210,023,000 |
$106,000 | $800,000 |
$49,000 | $662,000 |
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| American Indian or Alaskan Native |
2 | $176,000 |
$88,000 | $120,000 |
$28,000 | $33,000 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
3 | $302,000 |
$100,000 | $179,000 |
$74,000 | $112,000 |
| Hispanic |
2,520 | $275,620,000 |
$109,000 | $900,000 |
$50,000 | $662,000 |
| Information not provided by applicant in mail or telephone application |
17 | $1,780,000 |
$104,000 | $560,000 |
$71,000 | $394,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $176,000 |
$176,000 | $176,000 |
$92,000 | $92,000 |
| White |
1 | $96,000 |
$96,000 | $96,000 |
$149,000 | $149,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,421 | $265,377,000 |
$109,000 | $900,000 |
$53,000 | $662,000 |
| FHA-insured (Federal Housing Administration) |
103 | $10,583,000 |
$102,000 | $218,000 |
$39,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
10 | $1,049,000 |
$104,000 | $169,000 |
$35,000 | $50,000 |
| VA-guaranteed (Veterans Administration) |
10 | $1,141,000 |
$114,000 | $138,000 |
$46,000 | $78,000 |
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| Application Approved But Not Accepted |
505 | $54,851,000 |
$108,000 | $660,000 |
$51,000 | $662,000 |
| Application Denied By Financial Institution |
284 | $28,485,000 |
$100,000 | $640,000 |
$48,000 | $394,000 |
| Application Withdrawn By Applicant |
36 | $3,431,000 |
$95,000 | $383,000 |
$50,000 | $188,000 |
| File Closed For Incompleteness |
7 | $564,000 |
$80,000 | $108,000 |
$62,000 | $152,000 |
| Loan Originated |
1,712 | $190,819,000 |
$111,000 | $900,000 |
$53,000 | $608,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
10 | $972,000 |
$97,000 | $204,000 |
$47,000 | $125,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
226 | $22,453,000 |
$99,000 | $640,000 |
$46,000 | $302,000 |
| Debt-To-Income Ratio |
18 | $2,159,000 |
$119,000 | $246,000 |
$38,000 | $164,000 |
| Employment History |
4 | $396,000 |
$99,000 | $124,000 |
$38,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $215,000 |
$71,000 | $108,000 |
$52,000 | $85,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
23 | $2,290,000 |
$99,000 | $296,000 |
$68,000 | $394,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SANA INVESTMENT MORTGAGE BANKE by:
Metropolitan Area And
County
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