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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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SUNCAP MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNCAP MORTGAGE, INC. |
| Address | 2834 S. SHERWOOD FOREST, B-10
BATON ROUGE, LA 70816 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,673 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $188,339,000 |
| Average Mortgage Loan Amount Applied For | $100,301 |
| Highest Mortgage Loan Amount Applied For | $831,000 |
| Average Applicant Income | $52,811 |
| Highest Applicant Income | $510,000 |
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| Home Improvement |
1 | $90,000 |
$90,000 | $90,000 |
$28,000 | $28,000 |
| Home Purchase |
500 | $57,873,000 |
$115,000 | $865,000 |
$44,000 | $510,000 |
| Refinancing |
1,581 | $176,887,000 |
$111,000 | $831,000 |
$48,000 | $460,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
18 | $2,333,000 |
$129,000 | $316,000 |
$53,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,064 | $232,517,000 |
$112,000 | $865,000 |
$47,000 | $510,000 |
| White |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,059 | $232,161,000 |
$112,000 | $865,000 |
$47,000 | $510,000 |
| FHA-insured (Federal Housing Administration) |
21 | $2,475,000 |
$117,000 | $182,000 |
$51,000 | $111,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $214,000 |
$107,000 | $115,000 |
$31,000 | $34,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
4 | $230,000 |
$57,000 | $85,000 |
$30,000 | $56,000 |
| Application Denied By Financial Institution |
1,123 | $120,463,000 |
$107,000 | $831,000 |
$42,000 | $492,000 |
| Application Withdrawn By Applicant |
596 | $72,071,000 |
$120,000 | $720,000 |
$52,000 | $510,000 |
| File Closed For Incompleteness |
100 | $12,337,000 |
$123,000 | $865,000 |
$54,000 | $240,000 |
| Loan Originated |
240 | $27,386,000 |
$114,000 | $417,000 |
$58,000 | $324,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
11 | $1,577,000 |
$143,000 | $208,000 |
$69,000 | $160,000 |
| Preapproval Denied by Financial Institution |
8 | $786,000 |
$98,000 | $160,000 |
$52,000 | $78,000 |
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| Collateral |
72 | $6,579,000 |
$91,000 | $244,000 |
$39,000 | $165,000 |
| Credit Application Incomplete |
3 | $311,000 |
$103,000 | $114,000 |
$55,000 | $92,000 |
| Credit History |
769 | $79,799,000 |
$103,000 | $700,000 |
$38,000 | $460,000 |
| Debt-To-Income Ratio |
46 | $5,520,000 |
$120,000 | $467,000 |
$34,000 | $113,000 |
| Employment History |
3 | $285,000 |
$95,000 | $121,000 |
$54,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
22 | $2,378,000 |
$108,000 | $228,000 |
$58,000 | $492,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
15 | $1,376,000 |
$91,000 | $249,000 |
$54,000 | $204,000 |
| Unverifiable Information |
3 | $318,000 |
$106,000 | $127,000 |
$47,000 | $78,000 |
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Mortgage Loan App Totals for SUNCAP MORTGAGE, INC. by:
Metropolitan Area And
County
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