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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 COURT S.E.
GRAND RAPIDS, MI 49546 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,500 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $185,737,000 |
| Average Mortgage Loan Amount Applied For | $133,438 |
| Highest Mortgage Loan Amount Applied For | $1,040,000 |
| Average Applicant Income | $61,064 |
| Highest Applicant Income | $1,950,000 |
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| Home Improvement |
2 | $356,000 |
$178,000 | $347,000 |
$75,000 | $78,000 |
| Home Purchase |
860 | $98,027,000 |
$181,272 | $792,000 |
$74,181 | $1,900,000 |
| Refinancing |
715 | $97,328,000 |
$169,181 | $1,040,000 |
$57,818 | $1,950,000 |
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| American Indian or Alaskan Native |
7 | $486,000 |
$74,500 | $90,000 |
$57,000 | $149,000 |
| Asian |
22 | $3,226,000 |
$184,500 | $400,000 |
$56,166 | $132,000 |
| Black or African American |
163 | $19,875,000 |
$131,333 | $650,000 |
$57,333 | $477,000 |
| Hispanic |
43 | $5,403,000 |
$198,833 | $400,000 |
$74,666 | $1,900,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $318,000 |
$106,000 | $160,000 |
$75,666 | $83,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
226 | $27,742,000 |
$141,500 | $525,000 |
$52,600 | $191,000 |
| White |
1,113 | $138,661,000 |
$157,363 | $1,040,000 |
$62,545 | $1,950,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,005 | $131,265,000 |
$167,461 | $1,040,000 |
$62,461 | $1,950,000 |
| FHA-insured (Federal Housing Administration) |
535 | $59,344,000 |
$115,000 | $252,000 |
$45,750 | $424,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
37 | $5,102,000 |
$159,666 | $327,000 |
$59,666 | $126,000 |
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| Application Approved But Not Accepted |
40 | $6,970,000 |
$210,875 | $800,000 |
$81,250 | $298,000 |
| Application Denied By Financial Institution |
251 | $27,558,000 |
$106,625 | $308,000 |
$51,750 | $719,000 |
| Application Withdrawn By Applicant |
123 | $16,295,000 |
$145,666 | $592,000 |
$71,111 | $1,950,000 |
| File Closed For Incompleteness |
111 | $13,463,000 |
$112,714 | $399,000 |
$41,714 | $226,000 |
| Loan Originated |
1,052 | $131,425,000 |
$162,818 | $1,040,000 |
$58,090 | $1,900,000 |
| 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 |
6 | $615,000 |
$102,333 | $150,000 |
$80,666 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
46 | $5,220,000 |
$146,000 | $221,000 |
$52,400 | $136,000 |
| Debt-To-Income Ratio |
18 | $1,922,000 |
$89,500 | $207,000 |
$39,000 | $68,000 |
| Employment History |
3 | $543,000 |
$181,000 | $215,000 |
$60,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $119,000 |
$119,000 | $119,000 |
$30,000 | $30,000 |
| Other |
174 | $18,803,000 |
$103,125 | $308,000 |
$52,375 | $719,000 |
| Unverifiable Information |
3 | $336,000 |
$112,000 | $156,000 |
$0 | $0 |
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Mortgage Loan App Totals for VANDYK MORTGAGE CORPORATION by:
Metropolitan Area And
County
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