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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 | 1405 RTE 18 SOUTH
OLD BRIDGE, NJ 08857 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 239 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $74,920,000 |
| Average Mortgage Loan Amount Applied For | $396,666 |
| Highest Mortgage Loan Amount Applied For | $3,240,000 |
| Average Applicant Income | $246,818 |
| Highest Applicant Income | $2,220,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
119 | $34,319,000 |
$288,000 | $1,500,000 |
$161,000 | $956,000 |
| Refinancing |
121 | $41,001,000 |
$338,000 | $3,240,000 |
$150,000 | $2,220,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $1,078,000 |
$359,000 | $765,000 |
$135,000 | $139,000 |
| Black or African American |
11 | $3,480,000 |
$316,000 | $770,000 |
$126,000 | $230,000 |
| Hispanic |
55 | $15,705,000 |
$285,000 | $1,033,000 |
$139,000 | $575,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $4,288,000 |
$389,000 | $836,000 |
$130,000 | $200,000 |
| White |
160 | $50,769,000 |
$317,000 | $3,240,000 |
$166,000 | $2,220,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
223 | $70,849,000 |
$317,000 | $3,240,000 |
$160,000 | $2,220,000 |
| FHA-insured (Federal Housing Administration) |
17 | $4,471,000 |
$263,000 | $352,000 |
$99,000 | $171,000 |
| 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 |
9 | $2,015,000 |
$223,000 | $336,000 |
$127,000 | $177,000 |
| Application Denied By Financial Institution |
16 | $3,600,000 |
$225,000 | $617,000 |
$161,000 | $292,000 |
| Application Withdrawn By Applicant |
91 | $30,196,000 |
$331,000 | $3,240,000 |
$183,000 | $2,220,000 |
| File Closed For Incompleteness |
3 | $600,000 |
$200,000 | $280,000 |
$102,000 | $141,000 |
| Loan Originated |
121 | $38,909,000 |
$321,000 | $1,089,000 |
$138,000 | $840,000 |
| 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 |
1 | $566,000 |
$566,000 | $566,000 |
$252,000 | $252,000 |
| Credit Application Incomplete |
2 | $816,000 |
$408,000 | $617,000 |
$170,000 | $240,000 |
| Credit History |
2 | $275,000 |
$137,000 | $220,000 |
$65,000 | $66,000 |
| Debt-To-Income Ratio |
1 | $238,000 |
$238,000 | $238,000 |
$50,000 | $50,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,182,000 |
$147,000 | $356,000 |
$189,000 | $292,000 |
| 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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