|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SUMMIT LENDING SOLUTIONS
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SUMMIT LENDING SOLUTIONS |
| Address | 1785 SOUTH ESCONDIDO BLVD. STE. A
ESCONDIDO, CA 92025 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 417 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $115,399,000 |
| Average Mortgage Loan Amount Applied For | $226,095 |
| Highest Mortgage Loan Amount Applied For | $1,625,000 |
| Average Applicant Income | $221,047 |
| Highest Applicant Income | $1,103,000 |
|
|
|
| Home Improvement |
16 | $4,570,000 |
$285,000 | $760,000 |
$176,000 | $240,000 |
| Home Purchase |
201 | $44,870,000 |
$223,000 | $1,000,000 |
$212,000 | $1,103,000 |
| Refinancing |
200 | $65,959,000 |
$329,000 | $1,625,000 |
$207,000 | $660,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
37 | $10,160,000 |
$274,000 | $1,400,000 |
$215,000 | $380,000 |
| Black or African American |
19 | $5,728,000 |
$301,000 | $754,000 |
$205,000 | $486,000 |
| Hispanic |
78 | $25,578,000 |
$327,000 | $1,140,000 |
$195,000 | $555,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
127 | $29,445,000 |
$231,000 | $1,625,000 |
$213,000 | $720,000 |
| White |
156 | $44,488,000 |
$285,000 | $1,336,000 |
$210,000 | $1,103,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
417 | $115,399,000 |
$276,000 | $1,625,000 |
$208,000 | $1,103,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
417 | $115,399,000 |
$276,000 | $1,625,000 |
$208,000 | $1,103,000 |
| 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 |
|
|
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for SUMMIT LENDING SOLUTIONS by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
