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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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SECURITY HOME MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY HOME MORTGAGE |
| Address | 825 EAST GATE BLVD.
GARDEN CITY, NY 11530 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 889 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $283,499,000 |
| Average Mortgage Loan Amount Applied For | $327,521 |
| Highest Mortgage Loan Amount Applied For | $2,737,000 |
| Average Applicant Income | $149,434 |
| Highest Applicant Income | $1,996,000 |
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| Home Improvement |
1 | $298,000 |
$298,000 | $298,000 |
$99,000 | $99,000 |
| Home Purchase |
603 | $176,046,000 |
$291,000 | $1,200,000 |
$117,000 | $1,350,000 |
| Refinancing |
317 | $116,710,000 |
$368,000 | $2,737,000 |
$132,000 | $1,996,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
5 | $1,250,000 |
$250,000 | $525,000 |
$37,000 | $94,000 |
| Hispanic |
141 | $42,952,000 |
$304,000 | $1,124,000 |
$119,000 | $540,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
770 | $247,428,000 |
$321,000 | $2,737,000 |
$123,000 | $1,996,000 |
| White |
5 | $1,424,000 |
$284,000 | $536,000 |
$80,000 | $150,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
913 | $289,900,000 |
$317,000 | $2,737,000 |
$123,000 | $1,996,000 |
| FHA-insured (Federal Housing Administration) |
7 | $2,981,000 |
$425,000 | $600,000 |
$52,000 | $117,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $173,000 |
$173,000 | $173,000 |
$101,000 | $101,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
6 | $1,920,000 |
$320,000 | $619,000 |
$155,000 | $193,000 |
| Application Denied By Financial Institution |
205 | $69,967,000 |
$341,000 | $2,737,000 |
$118,000 | $893,000 |
| Application Withdrawn By Applicant |
281 | $92,153,000 |
$327,000 | $2,380,000 |
$127,000 | $1,996,000 |
| File Closed For Incompleteness |
3 | $675,000 |
$225,000 | $300,000 |
$81,000 | $158,000 |
| Loan Originated |
426 | $128,339,000 |
$301,000 | $1,200,000 |
$120,000 | $895,000 |
| 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 |
11 | $3,260,000 |
$296,000 | $760,000 |
$75,000 | $145,000 |
| Credit Application Incomplete |
106 | $36,519,000 |
$344,000 | $1,000,000 |
$106,000 | $327,000 |
| Credit History |
22 | $8,828,000 |
$401,000 | $1,124,000 |
$154,000 | $540,000 |
| Debt-To-Income Ratio |
2 | $425,000 |
$212,000 | $325,000 |
$79,000 | $127,000 |
| Employment History |
3 | $773,000 |
$257,000 | $383,000 |
$47,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
17 | $4,274,000 |
$251,000 | $698,000 |
$114,000 | $339,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
26 | $9,907,000 |
$381,000 | $2,737,000 |
$161,000 | $893,000 |
| Unverifiable Information |
17 | $5,493,000 |
$323,000 | $624,000 |
$132,000 | $201,000 |
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Mortgage Loan App Totals for SECURITY HOME MORTGAGE by:
Metropolitan Area And
County
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