| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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USA HOME LOANS INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
USA HOME LOANS INC |
| Address | 8725 LOCH RAVEN BLVD SUITE 205
TOWSON, MD 21286 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 2,147 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $378,414,000 |
| Average Mortgage Loan Amount Applied For | $156,005 |
| Highest Mortgage Loan Amount Applied For | $630,000 |
| Average Applicant Income | $59,501 |
| Highest Applicant Income | $1,813,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
898 | $139,430,000 |
$155,000 | $525,000 |
$62,000 | $1,813,000 |
| Refinancing |
1,529 | $287,126,000 |
$187,000 | $630,000 |
$64,000 | $571,000 |
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| American Indian or Alaskan Native |
1 | $96,000 |
$96,000 | $96,000 |
$26,000 | $26,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
62 | $12,737,000 |
$205,000 | $370,000 |
$69,000 | $150,000 |
| Hispanic |
169 | $23,250,000 |
$137,000 | $332,000 |
$58,000 | $192,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,126 | $378,490,000 |
$178,000 | $630,000 |
$64,000 | $1,813,000 |
| White |
69 | $11,983,000 |
$173,000 | $356,000 |
$62,000 | $116,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
207 | $47,086,000 |
$227,000 | $630,000 |
$95,000 | $1,813,000 |
| FHA-insured (Federal Housing Administration) |
2,215 | $378,749,000 |
$170,000 | $476,000 |
$61,000 | $213,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $721,000 |
$144,000 | $272,000 |
$44,000 | $79,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
8 | $1,059,000 |
$132,000 | $294,000 |
$48,000 | $88,000 |
| Application Denied By Financial Institution |
188 | $34,646,000 |
$184,000 | $599,000 |
$59,000 | $288,000 |
| Application Withdrawn By Applicant |
251 | $44,921,000 |
$178,000 | $464,000 |
$76,000 | $1,813,000 |
| File Closed For Incompleteness |
51 | $7,972,000 |
$156,000 | $380,000 |
$51,000 | $153,000 |
| Loan Originated |
1,929 | $337,958,000 |
$175,000 | $630,000 |
$63,000 | $571,000 |
| 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 |
9 | $1,406,000 |
$156,000 | $256,000 |
$55,000 | $85,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
36 | $6,177,000 |
$171,000 | $352,000 |
$58,000 | $110,000 |
| Debt-To-Income Ratio |
38 | $7,052,000 |
$185,000 | $359,000 |
$49,000 | $116,000 |
| Employment History |
1 | $183,000 |
$183,000 | $183,000 |
$58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $85,000 |
$85,000 | $85,000 |
$50,000 | $50,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,518,000 |
$251,000 | $599,000 |
$118,000 | $288,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for USA HOME LOANS INC by:
Metropolitan Area And
County
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