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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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UVANTAGE HOME LENDING SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
UVANTAGE HOME LENDING SERVICES |
| Address | 2300 E LINCOLN HWY STE 609
LANGHORNE, PA 19047 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,816 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,017,648,000 |
| Average Mortgage Loan Amount Applied For | $177,772 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $56,006 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
4 | $798,000 |
$199,000 | $320,000 |
$51,000 | $108,000 |
| Home Purchase |
597 | $117,543,000 |
$196,000 | $1,350,000 |
$63,000 | $1,200,000 |
| Refinancing |
9,295 | $1,913,695,000 |
$205,000 | $1,800,000 |
$61,000 | $1,104,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $674,000 |
$337,000 | $437,000 |
$149,000 | $220,000 |
| Black or African American |
11 | $1,781,000 |
$161,000 | $280,000 |
$40,000 | $75,000 |
| Hispanic |
20 | $4,559,000 |
$227,000 | $435,000 |
$103,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9,836 | $2,020,840,000 |
$205,000 | $1,800,000 |
$61,000 | $1,080,000 |
| White |
27 | $4,182,000 |
$154,000 | $269,000 |
$90,000 | $1,104,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,896 | $2,032,036,000 |
$205,000 | $1,800,000 |
$61,000 | $1,200,000 |
| 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 |
6,890 | $1,446,331,000 |
$209,000 | $1,800,000 |
$64,000 | $1,200,000 |
| Application Denied By Financial Institution |
2,346 | $459,059,000 |
$195,000 | $1,574,000 |
$50,000 | $840,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $99,000 |
$99,000 | $99,000 |
$34,000 | $34,000 |
| Loan Originated |
659 | $126,547,000 |
$192,000 | $1,000,000 |
$71,000 | $835,000 |
| 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 |
566 | $94,747,000 |
$167,000 | $900,000 |
$51,000 | $330,000 |
| Credit Application Incomplete |
11 | $1,704,000 |
$154,000 | $252,000 |
$45,000 | $114,000 |
| Credit History |
820 | $149,650,000 |
$182,000 | $903,000 |
$54,000 | $840,000 |
| Debt-To-Income Ratio |
753 | $174,798,000 |
$232,000 | $1,574,000 |
$47,000 | $395,000 |
| Employment History |
66 | $11,914,000 |
$180,000 | $530,000 |
$41,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
56 | $11,520,000 |
$205,000 | $702,000 |
$50,000 | $189,000 |
| Mortgage Insurance Denied |
2 | $510,000 |
$255,000 | $450,000 |
$37,000 | $54,000 |
| Other |
31 | $5,152,000 |
$166,000 | $519,000 |
$58,000 | $240,000 |
| Unverifiable Information |
37 | $8,186,000 |
$221,000 | $832,000 |
$57,000 | $350,000 |
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Mortgage Loan App Totals for UVANTAGE HOME LENDING SERVICES by:
Metropolitan Area And
County
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