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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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THE FUNDING SOURCE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE FUNDING SOURCE LLC |
| Address | 3200 BURNET AVE
SYRACUSE, NY 13206 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 458 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,590,000 |
| Average Mortgage Loan Amount Applied For | $140,500 |
| Highest Mortgage Loan Amount Applied For | $510,000 |
| Average Applicant Income | $65,937 |
| Highest Applicant Income | $225,000 |
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| Home Improvement |
1 | $141,000 |
$141,000 | $141,000 |
$80,000 | $80,000 |
| Home Purchase |
386 | $43,284,000 |
$112,000 | $510,000 |
$59,000 | $198,000 |
| Refinancing |
86 | $10,379,000 |
$120,000 | $417,000 |
$65,000 | $225,000 |
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| American Indian or Alaskan Native |
2 | $260,000 |
$130,000 | $153,000 |
$60,000 | $70,000 |
| Asian |
7 | $502,000 |
$71,000 | $143,000 |
$49,000 | $64,000 |
| Black or African American |
22 | $2,210,000 |
$100,000 | $285,000 |
$58,000 | $131,000 |
| Hispanic |
16 | $1,533,000 |
$95,000 | $175,000 |
$50,000 | $99,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $3,666,000 |
$146,000 | $352,000 |
$72,000 | $147,000 |
| White |
401 | $45,633,000 |
$113,000 | $510,000 |
$60,000 | $225,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
115 | $12,777,000 |
$111,000 | $510,000 |
$73,000 | $225,000 |
| FHA-insured (Federal Housing Administration) |
332 | $37,488,000 |
$112,000 | $309,000 |
$55,000 | $198,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
26 | $3,539,000 |
$136,000 | $233,000 |
$70,000 | $147,000 |
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| Application Approved But Not Accepted |
21 | $2,148,000 |
$102,000 | $230,000 |
$52,000 | $117,000 |
| Application Denied By Financial Institution |
66 | $7,072,000 |
$107,000 | $510,000 |
$56,000 | $225,000 |
| Application Withdrawn By Applicant |
41 | $4,292,000 |
$104,000 | $309,000 |
$62,000 | $186,000 |
| File Closed For Incompleteness |
11 | $1,207,000 |
$109,000 | $285,000 |
$53,000 | $124,000 |
| Loan Originated |
334 | $39,085,000 |
$117,000 | $352,000 |
$61,000 | $198,000 |
| 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 |
12 | $1,566,000 |
$130,000 | $417,000 |
$85,000 | $225,000 |
| Credit Application Incomplete |
3 | $317,000 |
$105,000 | $122,000 |
$68,000 | $86,000 |
| Credit History |
18 | $2,008,000 |
$111,000 | $200,000 |
$49,000 | $121,000 |
| Debt-To-Income Ratio |
20 | $1,924,000 |
$96,000 | $328,000 |
$39,000 | $117,000 |
| Employment History |
2 | $177,000 |
$88,000 | $92,000 |
$54,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $934,000 |
$116,000 | $510,000 |
$67,000 | $132,000 |
| Unverifiable Information |
3 | $146,000 |
$48,000 | $66,000 |
$59,000 | $79,000 |
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Mortgage Loan App Totals for THE FUNDING SOURCE LLC by:
Metropolitan Area And
County
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