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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 MORTGAGE COMPANY, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY MORTGAGE COMPANY, INC. |
| Address | 1319 NORTH 10TH STREET
MCALLEN, TX 78501 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,313 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $151,020,000 |
| Average Mortgage Loan Amount Applied For | $135,200 |
| Highest Mortgage Loan Amount Applied For | $1,088,000 |
| Average Applicant Income | $107,480 |
| Highest Applicant Income | $2,676,000 |
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| Home Improvement |
6 | $504,000 |
$84,000 | $148,000 |
$65,000 | $180,000 |
| Home Purchase |
1,069 | $114,704,000 |
$107,000 | $544,000 |
$72,000 | $2,676,000 |
| Refinancing |
238 | $35,812,000 |
$150,000 | $1,088,000 |
$87,000 | $566,000 |
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| American Indian or Alaskan Native |
1 | $132,000 |
$132,000 | $132,000 |
$90,000 | $90,000 |
| Asian |
29 | $3,508,000 |
$120,000 | $274,000 |
$79,000 | $156,000 |
| Black or African American |
20 | $1,234,000 |
$61,000 | $140,000 |
$52,000 | $73,000 |
| Hispanic |
906 | $96,880,000 |
$106,000 | $485,000 |
$60,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $323,000 |
$80,000 | $144,000 |
$140,000 | $208,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
353 | $48,943,000 |
$138,000 | $1,088,000 |
$113,000 | $2,676,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
690 | $87,028,000 |
$126,000 | $1,088,000 |
$98,000 | $2,676,000 |
| FHA-insured (Federal Housing Administration) |
573 | $58,174,000 |
$101,000 | $241,000 |
$49,000 | $241,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
50 | $5,818,000 |
$116,000 | $276,000 |
$57,000 | $133,000 |
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| Application Approved But Not Accepted |
64 | $7,988,000 |
$124,000 | $417,000 |
$77,000 | $469,000 |
| Application Denied By Financial Institution |
21 | $1,785,000 |
$85,000 | $187,000 |
$57,000 | $159,000 |
| Application Withdrawn By Applicant |
12 | $1,143,000 |
$95,000 | $192,000 |
$52,000 | $92,000 |
| File Closed For Incompleteness |
7 | $995,000 |
$142,000 | $600,000 |
$83,000 | $299,000 |
| Loan Originated |
1,209 | $139,109,000 |
$115,000 | $1,088,000 |
$75,000 | $2,676,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $129,000 |
$64,000 | $109,000 |
$66,000 | $68,000 |
| Debt-To-Income Ratio |
1 | $73,000 |
$73,000 | $73,000 |
$20,000 | $20,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VALLEY MORTGAGE COMPANY, INC. by:
Metropolitan Area And
County
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