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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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SWAIN MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
SWAIN MORTGAGE COMPANY |
| Address | 157 S. MAIN ST., P O BOX 336 ,
MANSFIELD, OH 44901 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 225 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,006,000 |
| Average Mortgage Loan Amount Applied For | $128,555 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $77,259 |
| Highest Applicant Income | $391,000 |
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| Home Improvement |
2 | $181,000 |
$90,000 | $120,000 |
$49,000 | $70,000 |
| Home Purchase |
127 | $13,846,000 |
$109,000 | $336,000 |
$56,000 | $193,000 |
| Refinancing |
96 | $11,979,000 |
$124,000 | $417,000 |
$70,000 | $391,000 |
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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 |
3 | $196,000 |
$65,000 | $117,000 |
$43,000 | $66,000 |
| Hispanic |
1 | $59,000 |
$59,000 | $59,000 |
$63,000 | $63,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $146,000 |
$146,000 | $146,000 |
$94,000 | $94,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $390,000 |
$130,000 | $158,000 |
$63,000 | $75,000 |
| White |
217 | $25,215,000 |
$116,000 | $417,000 |
$62,000 | $391,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
205 | $23,183,000 |
$113,000 | $417,000 |
$62,000 | $391,000 |
| FHA-insured (Federal Housing Administration) |
5 | $648,000 |
$129,000 | $167,000 |
$59,000 | $70,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
15 | $2,175,000 |
$145,000 | $300,000 |
$64,000 | $119,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
12 | $1,564,000 |
$130,000 | $269,000 |
$76,000 | $325,000 |
| Application Withdrawn By Applicant |
15 | $1,651,000 |
$110,000 | $313,000 |
$79,000 | $329,000 |
| File Closed For Incompleteness |
1 | $71,000 |
$71,000 | $71,000 |
$40,000 | $40,000 |
| Loan Originated |
138 | $15,814,000 |
$114,000 | $417,000 |
$59,000 | $391,000 |
| Loan Purchased By The Institution |
59 | $6,906,000 |
$117,000 | $315,000 |
$61,000 | $249,000 |
| 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 |
4 | $612,000 |
$153,000 | $269,000 |
$128,000 | $325,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $207,000 |
$103,000 | $112,000 |
$45,000 | $55,000 |
| Debt-To-Income Ratio |
3 | $295,000 |
$98,000 | $131,000 |
$35,000 | $44,000 |
| Employment History |
1 | $145,000 |
$145,000 | $145,000 |
$48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $97,000 |
$97,000 | $97,000 |
$75,000 | $75,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $208,000 |
$208,000 | $208,000 |
$87,000 | $87,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SWAIN MORTGAGE COMPANY by:
Metropolitan Area And
County
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