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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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SOUTHERN CRESCENT MORTGAGE & I
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN CRESCENT MORTGAGE & I |
| Address | 145 W. LANIER AVE.
FAYETTEVILLE, GA 30214 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 167 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $22,118,000 |
| Average Mortgage Loan Amount Applied For | $122,567 |
| Highest Mortgage Loan Amount Applied For | $269,000 |
| Average Applicant Income | $45,459 |
| Highest Applicant Income | $129,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
142 | $18,646,000 |
$131,000 | $269,000 |
$49,000 | $129,000 |
| Refinancing |
25 | $3,472,000 |
$138,000 | $257,000 |
$51,000 | $111,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $132,000 |
$132,000 | $132,000 |
$35,000 | $35,000 |
| Black or African American |
40 | $5,584,000 |
$139,000 | $269,000 |
$48,000 | $111,000 |
| Hispanic |
2 | $239,000 |
$119,000 | $135,000 |
$28,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $215,000 |
$107,000 | $144,000 |
$35,000 | $45,000 |
| White |
122 | $15,948,000 |
$130,000 | $257,000 |
$50,000 | $129,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1 | $120,000 |
$120,000 | $120,000 |
$40,000 | $40,000 |
| FHA-insured (Federal Housing Administration) |
143 | $18,491,000 |
$129,000 | $257,000 |
$48,000 | $129,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
23 | $3,507,000 |
$152,000 | $269,000 |
$58,000 | $127,000 |
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| Application Approved But Not Accepted |
1 | $172,000 |
$172,000 | $172,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
5 | $415,000 |
$83,000 | $123,000 |
$27,000 | $40,000 |
| Application Withdrawn By Applicant |
17 | $2,351,000 |
$138,000 | $269,000 |
$52,000 | $94,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
144 | $19,180,000 |
$133,000 | $257,000 |
$49,000 | $129,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $60,000 |
$60,000 | $60,000 |
$19,000 | $19,000 |
| Debt-To-Income Ratio |
3 | $316,000 |
$105,000 | $123,000 |
$34,000 | $40,000 |
| 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 |
1 | $39,000 |
$39,000 | $39,000 |
$16,000 | $16,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN CRESCENT MORTGAGE & I by:
Metropolitan Area And
County
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