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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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UNITED MORTGAGE CORPORTATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED MORTGAGE CORPORTATION |
| Address | 1505 SE 40TH STREET
CAPE CORAL, FL 33904 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 531 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $113,454,000 |
| Average Mortgage Loan Amount Applied For | $191,818 |
| Highest Mortgage Loan Amount Applied For | $857,000 |
| Average Applicant Income | $85,454 |
| Highest Applicant Income | $336,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
11 | $1,962,000 |
$178,000 | $392,000 |
$86,000 | $246,000 |
| Refinancing |
531 | $114,003,000 |
$214,000 | $857,000 |
$8,000 | $336,000 |
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| American Indian or Alaskan Native |
3 | $627,000 |
$209,000 | $250,000 |
$0 | $0 |
| Asian |
23 | $5,188,000 |
$225,000 | $366,000 |
$3,000 | $73,000 |
| Black or African American |
38 | $8,330,000 |
$219,000 | $392,000 |
$0 | $0 |
| Hispanic |
37 | $8,460,000 |
$228,000 | $748,000 |
$35,000 | $336,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,715,000 |
$214,000 | $318,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $28,000 |
$28,000 | $28,000 |
$180,000 | $180,000 |
| White |
432 | $91,617,000 |
$212,000 | $857,000 |
$8,000 | $336,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
542 | $115,965,000 |
$213,000 | $857,000 |
$9,000 | $336,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
97 | $22,430,000 |
$231,000 | $396,000 |
$6,000 | $336,000 |
| Application Denied By Financial Institution |
40 | $10,762,000 |
$269,000 | $857,000 |
$21,000 | $264,000 |
| Application Withdrawn By Applicant |
96 | $21,790,000 |
$226,000 | $806,000 |
$4,000 | $144,000 |
| File Closed For Incompleteness |
1 | $260,000 |
$260,000 | $260,000 |
$0 | $0 |
| Loan Originated |
308 | $60,723,000 |
$197,000 | $855,000 |
$10,000 | $336,000 |
| 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 |
2 | $441,000 |
$220,000 | $392,000 |
$246,000 | $246,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $3,019,000 |
$274,000 | $392,000 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $318,000 |
$318,000 | $318,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $942,000 |
$314,000 | $415,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $3,018,000 |
$232,000 | $391,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED MORTGAGE CORPORTATION by:
Metropolitan Area And
County
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