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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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SCHAEFER MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SCHAEFER MORTGAGE CORPORATION |
| Address | 5 BUTTRICK RD.
LONDONDERRY, NH 03053 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,748 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $296,282,000 |
| Average Mortgage Loan Amount Applied For | $147,450 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $61,325 |
| Highest Applicant Income | $456,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
1,740 | $295,276,000 |
$175,666 | $600,000 |
$154,888 | $2,008,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
17 | $2,864,000 |
$137,500 | $323,000 |
$62,500 | $182,000 |
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| American Indian or Alaskan Native |
2 | $364,000 |
$182,000 | $243,000 |
$43,500 | $87,000 |
| Asian or Pacific Islander |
18 | $3,408,000 |
$240,500 | $417,000 |
$118,500 | $416,000 |
| Black |
3 | $562,000 |
$187,333 | $285,000 |
$62,666 | $75,000 |
| Hispanic |
18 | $3,513,000 |
$201,500 | $341,000 |
$67,500 | $125,000 |
| Information not provided by applicant in mail or telephone application |
87 | $14,763,000 |
$108,250 | $410,000 |
$50,500 | $432,000 |
| Not applicable |
3 | $624,000 |
$197,000 | $393,000 |
$659,000 | $1,004,000 |
| Other |
11 | $1,664,000 |
$151,000 | $309,000 |
$93,000 | $182,000 |
| White |
1,549 | $261,916,000 |
$185,888 | $600,000 |
$68,666 | $425,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,664 | $281,807,000 |
$162,500 | $600,000 |
$164,000 | $2,008,000 |
| FHA-insured (Federal Housing Administration) |
72 | $12,886,000 |
$132,500 | $293,000 |
$32,250 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
25 | $4,281,000 |
$186,750 | $285,000 |
$55,250 | $146,000 |
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| Application Approved But Not Accepted |
5 | $598,000 |
$114,500 | $334,000 |
$76,500 | $112,000 |
| Application Denied By Financial Institution |
3 | $285,000 |
$95,000 | $164,000 |
$41,000 | $48,000 |
| Application Withdrawn By Applicant |
9 | $1,509,000 |
$196,000 | $308,000 |
$88,500 | $172,000 |
| File Closed For Incompleteness |
3 | $347,000 |
$86,500 | $210,000 |
$57,500 | $141,000 |
| Loan Originated |
17 | $3,347,000 |
$152,500 | $272,000 |
$53,500 | $150,000 |
| Loan Purchased By The Institution |
1,668 | $282,036,000 |
$164,666 | $600,000 |
$200,777 | $2,008,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $285,000 |
$95,000 | $164,000 |
$41,000 | $48,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $303,000 |
$101,000 | $164,000 |
$1,673,000 | $2,008,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SCHAEFER MORTGAGE CORPORATION by:
Metropolitan Area And
County
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