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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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SUN AMERICAN MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUN AMERICAN MORTGAGE COMPANY |
| Address | 4140 E. BASELINE RD., SUITE 206
MESA, AZ 85206 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,424 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $374,039,000 |
| Average Mortgage Loan Amount Applied For | $128,580 |
| Highest Mortgage Loan Amount Applied For | $1,864,000 |
| Average Applicant Income | $58,090 |
| Highest Applicant Income | $1,201,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,933 | $276,844,000 |
$143,000 | $1,864,000 |
$60,000 | $702,000 |
| Refinancing |
753 | $139,831,000 |
$185,000 | $1,260,000 |
$65,000 | $1,201,000 |
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| American Indian or Alaskan Native |
11 | $1,872,000 |
$170,000 | $585,000 |
$104,000 | $247,000 |
| Asian |
80 | $13,468,000 |
$168,000 | $546,000 |
$67,000 | $456,000 |
| Black or African American |
104 | $13,289,000 |
$127,000 | $648,000 |
$83,000 | $384,000 |
| Hispanic |
619 | $78,356,000 |
$126,000 | $640,000 |
$39,000 | $357,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $2,126,000 |
$163,000 | $416,000 |
$45,000 | $88,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
361 | $59,187,000 |
$163,000 | $1,864,000 |
$66,000 | $368,000 |
| White |
1,498 | $248,377,000 |
$165,000 | $1,260,000 |
$68,000 | $1,201,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,667 | $412,705,000 |
$154,000 | $1,864,000 |
$62,000 | $1,201,000 |
| FHA-insured (Federal Housing Administration) |
11 | $2,357,000 |
$214,000 | $255,000 |
$40,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,613,000 |
$201,000 | $305,000 |
$53,000 | $66,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
264 | $36,732,000 |
$139,000 | $760,000 |
$67,000 | $1,201,000 |
| Application Withdrawn By Applicant |
1,060 | $166,490,000 |
$157,000 | $1,864,000 |
$60,000 | $480,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,362 | $213,453,000 |
$156,000 | $968,000 |
$62,000 | $702,000 |
| 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 |
103 | $14,660,000 |
$142,000 | $639,000 |
$54,000 | $302,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
20 | $2,558,000 |
$127,000 | $327,000 |
$39,000 | $120,000 |
| Debt-To-Income Ratio |
3 | $355,000 |
$118,000 | $160,000 |
$61,000 | $75,000 |
| Employment History |
19 | $3,247,000 |
$170,000 | $760,000 |
$127,000 | $1,200,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $243,000 |
$121,000 | $194,000 |
$240,000 | $240,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
32 | $3,838,000 |
$119,000 | $420,000 |
$39,000 | $357,000 |
| Unverifiable Information |
6 | $1,588,000 |
$264,000 | $435,000 |
$384,000 | $384,000 |
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Mortgage Loan App Totals for SUN AMERICAN MORTGAGE COMPANY by:
Metropolitan Area And
County
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