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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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SUMMIT LENDING OF HAWAII, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUMMIT LENDING OF HAWAII, INC |
| Address | 55 MERCHANT STREET
HONOLULU, HI 96813 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 268 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,414,000 |
| Average Mortgage Loan Amount Applied For | $260,100 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $116,500 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
3 | $2,258,000 |
$752,000 | $1,500,000 |
$214,000 | $504,000 |
| Home Purchase |
108 | $24,705,000 |
$157,333 | $640,000 |
$126,333 | $447,000 |
| Refinancing |
157 | $35,451,000 |
$229,333 | $750,000 |
$87,333 | $900,000 |
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| American Indian or Alaskan Native |
1 | $97,000 |
$97,000 | $97,000 |
$19,000 | $19,000 |
| Asian |
64 | $14,650,000 |
$192,500 | $750,000 |
$102,000 | $447,000 |
| Black or African American |
3 | $616,000 |
$205,000 | $300,000 |
$46,000 | $55,000 |
| Hispanic |
20 | $4,634,000 |
$231,000 | $450,000 |
$86,000 | $190,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,066,000 |
$177,000 | $370,000 |
$67,000 | $96,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
75 | $16,664,000 |
$166,500 | $1,500,000 |
$96,500 | $540,000 |
| White |
99 | $24,687,000 |
$197,750 | $674,000 |
$120,750 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
268 | $62,414,000 |
$185,250 | $1,500,000 |
$115,250 | $900,000 |
| 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 |
17 | $3,292,000 |
$169,000 | $445,000 |
$108,333 | $190,000 |
| Application Denied By Financial Institution |
7 | $2,084,000 |
$297,000 | $483,000 |
$201,000 | $447,000 |
| Application Withdrawn By Applicant |
57 | $10,065,000 |
$176,000 | $674,000 |
$142,000 | $900,000 |
| File Closed For Incompleteness |
4 | $493,000 |
$123,000 | $148,000 |
$199,000 | $386,000 |
| Loan Originated |
183 | $46,480,000 |
$191,000 | $1,500,000 |
$142,000 | $900,000 |
| 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 |
2 | $332,000 |
$166,000 | $243,000 |
$40,000 | $57,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,153,000 |
$384,000 | $483,000 |
$192,000 | $447,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $438,000 |
$438,000 | $438,000 |
$420,000 | $420,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SUMMIT LENDING OF HAWAII, INC by:
Metropolitan Area And
County
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