|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SYNERGY MORTGAGE CORP.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SYNERGY MORTGAGE CORP. |
| Address | 510 N. VALLEY MILLS DRIVE SUITE 101
WACO, TX 76710 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 966 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $164,912,000 |
| Average Mortgage Loan Amount Applied For | $159,294 |
| Highest Mortgage Loan Amount Applied For | $1,015,000 |
| Average Applicant Income | $62,240 |
| Highest Applicant Income | $723,000 |
|
|
|
| Home Improvement |
3 | $488,000 |
$162,000 | $279,000 |
$98,000 | $150,000 |
| Home Purchase |
143 | $21,156,000 |
$147,000 | $712,000 |
$76,000 | $279,000 |
| Refinancing |
861 | $151,153,000 |
$175,000 | $1,015,000 |
$67,000 | $723,000 |
|
|
| American Indian or Alaskan Native |
3 | $712,000 |
$237,000 | $305,000 |
$63,000 | $80,000 |
| Asian |
10 | $2,209,000 |
$220,000 | $500,000 |
$133,000 | $723,000 |
| Black or African American |
168 | $23,802,000 |
$141,000 | $488,000 |
$60,000 | $279,000 |
| Hispanic |
32 | $5,692,000 |
$177,000 | $799,000 |
$66,000 | $192,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $743,000 |
$247,000 | $513,000 |
$64,000 | $127,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
407 | $72,151,000 |
$177,000 | $800,000 |
$62,000 | $480,000 |
| White |
384 | $67,488,000 |
$175,000 | $1,015,000 |
$76,000 | $456,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,005 | $172,498,000 |
$171,000 | $1,015,000 |
$68,000 | $723,000 |
| FHA-insured (Federal Housing Administration) |
1 | $141,000 |
$141,000 | $141,000 |
$40,000 | $40,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $158,000 |
$158,000 | $158,000 |
$76,000 | $76,000 |
|
|
| Application Approved But Not Accepted |
4 | $372,000 |
$93,000 | $124,000 |
$101,000 | $259,000 |
| Application Denied By Financial Institution |
171 | $26,812,000 |
$156,000 | $799,000 |
$57,000 | $300,000 |
| Application Withdrawn By Applicant |
720 | $125,971,000 |
$174,000 | $1,015,000 |
$68,000 | $723,000 |
| File Closed For Incompleteness |
1 | $63,000 |
$63,000 | $63,000 |
$225,000 | $225,000 |
| Loan Originated |
104 | $18,287,000 |
$175,000 | $712,000 |
$83,000 | $279,000 |
| 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 |
7 | $1,292,000 |
$184,000 | $310,000 |
$44,000 | $85,000 |
|
|
| Collateral |
9 | $1,715,000 |
$190,000 | $799,000 |
$69,000 | $187,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
150 | $23,652,000 |
$157,000 | $595,000 |
$52,000 | $300,000 |
| Debt-To-Income Ratio |
1 | $70,000 |
$70,000 | $70,000 |
$35,000 | $35,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $407,000 |
$203,000 | $253,000 |
$89,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $763,000 |
$127,000 | $270,000 |
$48,000 | $74,000 |
| Unverifiable Information |
10 | $1,497,000 |
$149,000 | $283,000 |
$105,000 | $150,000 |
|
Mortgage Loan App Totals for SYNERGY MORTGAGE CORP. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
