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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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UNITY MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITY MORTGAGE CORP |
| Address | 7840 ROSWELL RD BLDG 300, STE 301
ATLANTA, GA 30350 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 517 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,431,000 |
| Average Mortgage Loan Amount Applied For | $141,823 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $56,098 |
| Highest Applicant Income | $250,000 |
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| Home Improvement |
8 | $1,218,000 |
$152,000 | $222,000 |
$36,000 | $80,000 |
| Home Purchase |
497 | $63,836,000 |
$128,000 | $650,000 |
$53,000 | $250,000 |
| Refinancing |
23 | $3,517,000 |
$152,000 | $394,000 |
$66,000 | $156,000 |
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| American Indian or Alaskan Native |
1 | $171,000 |
$171,000 | $171,000 |
$74,000 | $74,000 |
| Asian |
5 | $653,000 |
$130,000 | $225,000 |
$89,000 | $139,000 |
| Black or African American |
138 | $17,181,000 |
$124,000 | $475,000 |
$47,000 | $205,000 |
| Hispanic |
8 | $899,000 |
$112,000 | $203,000 |
$45,000 | $94,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,023,000 |
$170,000 | $266,000 |
$78,000 | $110,000 |
| White |
370 | $48,644,000 |
$131,000 | $650,000 |
$54,000 | $250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
207 | $28,087,000 |
$135,000 | $650,000 |
$64,000 | $250,000 |
| FHA-insured (Federal Housing Administration) |
253 | $30,787,000 |
$121,000 | $240,000 |
$46,000 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
40 | $5,502,000 |
$137,000 | $229,000 |
$44,000 | $76,000 |
| VA-guaranteed (Veterans Administration) |
28 | $4,195,000 |
$149,000 | $264,000 |
$46,000 | $85,000 |
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| Application Approved But Not Accepted |
2 | $304,000 |
$152,000 | $159,000 |
$23,000 | $47,000 |
| Application Denied By Financial Institution |
47 | $5,750,000 |
$122,000 | $223,000 |
$42,000 | $100,000 |
| Application Withdrawn By Applicant |
114 | $14,545,000 |
$127,000 | $475,000 |
$52,000 | $205,000 |
| File Closed For Incompleteness |
1 | $32,000 |
$32,000 | $32,000 |
$61,000 | $61,000 |
| Loan Originated |
353 | $46,800,000 |
$132,000 | $650,000 |
$55,000 | $250,000 |
| 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 |
11 | $1,140,000 |
$103,000 | $133,000 |
$42,000 | $59,000 |
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| Collateral |
8 | $924,000 |
$115,000 | $200,000 |
$41,000 | $58,000 |
| Credit Application Incomplete |
12 | $1,384,000 |
$115,000 | $188,000 |
$46,000 | $88,000 |
| Credit History |
13 | $1,511,000 |
$116,000 | $149,000 |
$40,000 | $77,000 |
| Debt-To-Income Ratio |
2 | $143,000 |
$71,000 | $92,000 |
$20,000 | $24,000 |
| Employment History |
1 | $100,000 |
$100,000 | $100,000 |
$28,000 | $28,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $790,000 |
$131,000 | $169,000 |
$46,000 | $84,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $2,038,000 |
$127,000 | $223,000 |
$44,000 | $100,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITY MORTGAGE CORP by:
Metropolitan Area And
County
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