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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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VANDYK MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VANDYK MORTGAGE CORPORATION |
| Address | 2449 CAMELOT CT SE
GRAND RAPIDS, MI 49546 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,111 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $138,110,000 |
| Average Mortgage Loan Amount Applied For | $132,769 |
| Highest Mortgage Loan Amount Applied For | $760,000 |
| Average Applicant Income | $58,698 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
616 | $69,604,000 |
$112,000 | $760,000 |
$55,000 | $600,000 |
| Refinancing |
541 | $74,431,000 |
$137,000 | $650,000 |
$58,000 | $342,000 |
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| American Indian or Alaskan Native |
6 | $472,000 |
$78,000 | $158,000 |
$59,000 | $83,000 |
| Asian |
10 | $1,748,000 |
$174,000 | $350,000 |
$57,000 | $140,000 |
| Black or African American |
98 | $11,776,000 |
$120,000 | $290,000 |
$60,000 | $211,000 |
| Hispanic |
92 | $9,895,000 |
$107,000 | $325,000 |
$43,000 | $295,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $223,000 |
$223,000 | $223,000 |
$102,000 | $102,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
164 | $23,618,000 |
$144,000 | $650,000 |
$43,000 | $204,000 |
| White |
786 | $96,303,000 |
$122,000 | $760,000 |
$60,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
731 | $95,063,000 |
$130,000 | $760,000 |
$62,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
403 | $45,704,000 |
$113,000 | $229,000 |
$47,000 | $134,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
23 | $3,268,000 |
$142,000 | $282,000 |
$54,000 | $106,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
120 | $15,377,000 |
$128,000 | $760,000 |
$54,000 | $460,000 |
| Application Withdrawn By Applicant |
6 | $614,000 |
$102,000 | $166,000 |
$80,000 | $182,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,031 | $128,044,000 |
$124,000 | $708,000 |
$57,000 | $600,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
7 | $937,000 |
$133,000 | $270,000 |
$55,000 | $105,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VANDYK MORTGAGE CORPORATION by:
Metropolitan Area And
County
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