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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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VALLEY FARM CREDIT, ACA
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY FARM CREDIT, ACA |
| Address | 125 PROSPERITY DRIVE
WINCHESTER, VA 22602 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 544 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $113,023,000 |
| Average Mortgage Loan Amount Applied For | $238,631 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $96,210 |
| Highest Applicant Income | $755,000 |
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| Home Improvement |
46 | $4,805,000 |
$104,000 | $1,275,000 |
$79,000 | $345,000 |
| Home Purchase |
323 | $68,455,000 |
$211,000 | $1,680,000 |
$76,000 | $755,000 |
| Refinancing |
229 | $50,222,000 |
$219,000 | $800,000 |
$77,000 | $333,000 |
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| American Indian or Alaskan Native |
2 | $336,000 |
$168,000 | $193,000 |
$59,000 | $61,000 |
| Asian |
1 | $147,000 |
$147,000 | $147,000 |
$30,000 | $30,000 |
| Black or African American |
9 | $1,814,000 |
$201,000 | $800,000 |
$60,000 | $150,000 |
| Hispanic |
8 | $1,732,000 |
$216,000 | $365,000 |
$81,000 | $164,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $175,000 |
$175,000 | $175,000 |
$70,000 | $70,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
19 | $3,826,000 |
$201,000 | $688,000 |
$66,000 | $115,000 |
| White |
558 | $115,452,000 |
$206,000 | $1,680,000 |
$77,000 | $755,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
591 | $122,396,000 |
$207,000 | $1,680,000 |
$77,000 | $755,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
7 | $1,086,000 |
$155,000 | $213,000 |
$39,000 | $62,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
5 | $1,394,000 |
$278,000 | $355,000 |
$84,000 | $132,000 |
| Application Denied By Financial Institution |
75 | $14,801,000 |
$197,000 | $960,000 |
$54,000 | $150,000 |
| Application Withdrawn By Applicant |
62 | $15,125,000 |
$243,000 | $750,000 |
$81,000 | $333,000 |
| File Closed For Incompleteness |
2 | $620,000 |
$310,000 | $360,000 |
$94,000 | $115,000 |
| Loan Originated |
452 | $91,342,000 |
$202,000 | $1,680,000 |
$80,000 | $755,000 |
| 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 |
2 | $200,000 |
$100,000 | $190,000 |
$24,000 | $48,000 |
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| Collateral |
7 | $1,047,000 |
$149,000 | $358,000 |
$42,000 | $127,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
34 | $7,085,000 |
$208,000 | $960,000 |
$56,000 | $150,000 |
| Debt-To-Income Ratio |
25 | $4,921,000 |
$196,000 | $630,000 |
$51,000 | $117,000 |
| Employment History |
4 | $871,000 |
$217,000 | $500,000 |
$72,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $679,000 |
$169,000 | $256,000 |
$43,000 | $52,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $398,000 |
$132,000 | $190,000 |
$59,000 | $76,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VALLEY FARM CREDIT, ACA by:
Metropolitan Area And
County
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