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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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USA HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
USA HOME LOANS |
| Address | 8725 LOCH RAVEN BLVD.
TOWSON, MD 21286 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,211 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $249,226,000 |
| Average Mortgage Loan Amount Applied For | $191,678 |
| Highest Mortgage Loan Amount Applied For | $1,658,000 |
| Average Applicant Income | $70,309 |
| Highest Applicant Income | $5,734,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
203 | $37,728,000 |
$185,000 | $571,000 |
$106,000 | $5,734,000 |
| Refinancing |
1,012 | $212,231,000 |
$209,000 | $1,658,000 |
$75,000 | $1,813,000 |
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| American Indian or Alaskan Native |
1 | $154,000 |
$154,000 | $154,000 |
$57,000 | $57,000 |
| Asian |
3 | $847,000 |
$282,000 | $385,000 |
$57,000 | $84,000 |
| Black or African American |
50 | $10,942,000 |
$218,000 | $500,000 |
$75,000 | $144,000 |
| Hispanic |
74 | $14,875,000 |
$201,000 | $433,000 |
$66,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,031 | $212,678,000 |
$206,000 | $1,658,000 |
$82,000 | $5,734,000 |
| White |
56 | $10,463,000 |
$186,000 | $438,000 |
$70,000 | $146,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
531 | $114,763,000 |
$216,000 | $1,658,000 |
$86,000 | $1,813,000 |
| FHA-insured (Federal Housing Administration) |
681 | $134,090,000 |
$196,000 | $368,000 |
$76,000 | $5,734,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $178,000 |
$178,000 | $178,000 |
$69,000 | $69,000 |
| VA-guaranteed (Veterans Administration) |
2 | $928,000 |
$464,000 | $596,000 |
$142,000 | $194,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
75 | $13,890,000 |
$185,000 | $479,000 |
$65,000 | $242,000 |
| Application Withdrawn By Applicant |
222 | $47,063,000 |
$211,000 | $1,658,000 |
$80,000 | $1,813,000 |
| File Closed For Incompleteness |
17 | $3,364,000 |
$197,000 | $304,000 |
$69,000 | $160,000 |
| Loan Originated |
901 | $185,642,000 |
$206,000 | $849,000 |
$82,000 | $5,734,000 |
| 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 | $2,202,000 |
$183,000 | $421,000 |
$59,000 | $100,000 |
| Credit Application Incomplete |
2 | $567,000 |
$283,000 | $347,000 |
$79,000 | $103,000 |
| Credit History |
10 | $1,767,000 |
$176,000 | $323,000 |
$64,000 | $105,000 |
| Debt-To-Income Ratio |
7 | $1,293,000 |
$184,000 | $298,000 |
$44,000 | $65,000 |
| 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 |
6 | $816,000 |
$136,000 | $190,000 |
$54,000 | $109,000 |
| Unverifiable Information |
5 | $831,000 |
$166,000 | $479,000 |
$102,000 | $242,000 |
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Mortgage Loan App Totals for USA HOME LOANS by:
Metropolitan Area And
County
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