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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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SANTA CRUZ HOME FINANCE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SANTA CRUZ HOME FINANCE |
| Address | 1535 SEABRIGHT AVENUE
SANT CRUZ, CA 95062 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 274 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $94,025,000 |
| Average Mortgage Loan Amount Applied For | $272,666 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $125,358 |
| Highest Applicant Income | $1,479,000 |
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| Home Improvement |
1 | $12,000 |
$12,000 | $12,000 |
$274,000 | $274,000 |
| Home Purchase |
105 | $34,864,000 |
$332,000 | $1,000,000 |
$125,000 | $345,000 |
| Refinancing |
169 | $59,527,000 |
$352,000 | $1,300,000 |
$151,000 | $1,479,000 |
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| American Indian or Alaskan Native |
4 | $934,000 |
$233,000 | $475,000 |
$113,000 | $150,000 |
| Asian |
12 | $4,508,000 |
$375,000 | $1,000,000 |
$169,000 | $470,000 |
| Black or African American |
3 | $811,000 |
$270,000 | $400,000 |
$198,000 | $216,000 |
| Hispanic |
42 | $14,993,000 |
$356,000 | $990,000 |
$152,000 | $592,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $478,000 |
$239,000 | $382,000 |
$121,000 | $121,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $820,000 |
$273,000 | $413,000 |
$96,000 | $110,000 |
| White |
209 | $71,859,000 |
$343,000 | $1,300,000 |
$139,000 | $1,479,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
275 | $94,403,000 |
$343,000 | $1,300,000 |
$142,000 | $1,479,000 |
| 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 |
5 | $2,002,000 |
$400,000 | $715,000 |
$139,000 | $212,000 |
| Application Denied By Financial Institution |
50 | $18,566,000 |
$371,000 | $1,000,000 |
$201,000 | $848,000 |
| Application Withdrawn By Applicant |
1 | $488,000 |
$488,000 | $488,000 |
$142,000 | $142,000 |
| File Closed For Incompleteness |
29 | $10,520,000 |
$362,000 | $1,300,000 |
$261,000 | $1,479,000 |
| Loan Originated |
190 | $62,827,000 |
$330,000 | $1,000,000 |
$108,000 | $372,000 |
| 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 |
1 | $1,000,000 |
$1,000,000 | $1,000,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $1,083,000 |
$361,000 | $702,000 |
$289,000 | $592,000 |
| Debt-To-Income Ratio |
1 | $75,000 |
$75,000 | $75,000 |
$110,000 | $110,000 |
| Employment History |
1 | $650,000 |
$650,000 | $650,000 |
$470,000 | $470,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $1,062,000 |
$531,000 | $656,000 |
$138,000 | $276,000 |
| Unverifiable Information |
3 | $1,500,000 |
$500,000 | $928,000 |
$232,000 | $293,000 |
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Mortgage Loan App Totals for SANTA CRUZ HOME FINANCE by:
Metropolitan Area And
County
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